Global Cigars & Cigarillos Market Estimated to Expand US$ 23,857.9 Million by 2025

Market Research Reports Search Engine (MRRSE) has recently publicized a new study to its vast repository, which is titled as “Global Cigars & Cigarillos Market: Driven by Increasing Adoption of Flavored Cigars & Cigarillos among Young Adults”. In this report, the global cigars & cigarillos market is valued at USD 17,733.0 million in 2016 and is expected to reach USD 23,857.9 million by the end of 2025, growing at a CAGR of 5.7% between 2016 and 2025.

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Cigars & Cigarillos are produced by tightly rolling tobacco into tobacco leaves of varying thicknesses and lengths. The industry is driven by shifting young adult preference from cigarette to cigars & cigarillos.

This report covers the anticipated performance of the cigars & cigarillos market in terms of both value and volume over the forecast period (2015-2025).

The report starts with an overview of the global cigars & cigarillos market and its growth factor impact analysis. In the same section, PMR covers the global cigars & cigarillos market performance in terms of revenue. This section includes PMR’s analysis of the key trends, drivers, opportunities and restraints in the global market. Impact analysis of the key growth drivers and restraints, based on the weighted average model, is included in this report to better equip clients with crystal clear decision-making insights.

To understand and assess opportunities in the cigars & cigarillos market, the market is segmented as follows:

By Type
By Category
By Flavor
By Size
By Gender
By region
On the basis of type, the market is segmented as follows:

Mass
Premium
Of the aforementioned types, the premium segment is expected to expand at the highest CAGR of 3.7% during the forecast period in terms of value. The mass segment is expected to expand at a promising growth rate during the forecast period. In terms of value, the mass segment is expected to account for the highest share of the global market, followed by the premium segment.

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On the basis of category, the market is segmented as follows:

Cigars
Cigarillos
Little Cigars
Of the aforementioned categories, the cigarillos segment is expected to expand at the highest CAGR of 3.2% during the forecast period in terms of value. The cigars segment is expected to showcase a favorable growth in the near future. Increasing demand for luxurious products across the globe is expected to drive the segment growth

The report also analyzes the market on the basis of flavor, which includes:

Mint/menthol
Fruit/candy
Chocolate
Among all the above segments, the mint/menthol segment occupied the largest share of the market both in terms of value and volume in 2015. However,the  fruit/candy segment is expected to dominate the market over the forecast period.

The market is also segmented on the basis of size into:

7 inch & over
01 to 7 inch
01 to 6 inch
01 to 5 inch
Among all the above segments, the 5.01 to 6-inch product segment is expected to expand at the highest CAGR over the forecast period. The segment accounted for the largest market share in 2014 in terms of both value and volume and is expected to continue to dominate the market over the forecast period.

The global cigars and cigarillos market is also segmented on the basis of gender into:

Male
Female
Among the above segments, consumption of cigars & cigarillos across the male segment is expected to expand at the highest CAGR of 6.1% during the forecast period. The female segment is expected to showcase a favorable growth in the near future.

The report also analyzes the market across various geographies and provides estimated market size in terms of value and volume for the forecast period

Regions covered in the report are:

North America
Asia Pacific
Europe
The Middle East & Africa (MEA)
Latin America
North America dominated the market in 2014 in terms of both value and volume share. Asia Pacific is expected to register the highest CAGR during the forecast period.

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