Cigar Market 2019-2024
Cigar, a tobacco product made from dried and fermented tobacco. it is a rolled bundle of dried and fermented tobacco leaves made to be smoked. They are produced in a wide variety of sizes and shapes.
The unique charm of long-term accumulation of cigars. Different from cigarettes and other traditional tobacco products, cigars are unique in composition and processing of tobacco leaves. They are characterized by their status, quality of life, and personality; they cultivate loyal consumer groups; The method, smoking environment and storage conditions require a unique consumer culture. Cigars completely maintain the original composition and characteristics of tobacco, as long as they can maintain and constantly demonstrate its unique charm, stable development is possible.
Many people think that cigars are safer than cigarettes. The 2014 General Medical Officer Health Report, summarizing the results of the 50-year study on tobacco harm, admitted that the relative risk of smoking cigars was lower than smoking cigarettes, mainly due to the low frequency of smoking cigars. And smoke does not inhale into the lungs.
The purchasing power of consumers cigars continues to increase. Cigar production requires more investment than ordinary cigarettes. Therefore, the price of cigars is relatively high. Especially for hand-made big cigars, it has always been regarded as a luxury and away from ordinary consumers. However, as people s income levels continue to increase, especially the middle class in some emerging economies, the population of the Asia-Pacific region will become a continuous growth point of cigar consumption.
Cigar products continue to innovate. In recent years, product innovation has become an important factor in the growth of the cigar market, such as the rapid rise of the mechanism cigar. Such cigars are cheap and pleasing to meet the smoking needs of ordinary consumers. With the introduction of modern technology, continuous improvement of old products and continuous introduction of new products, the cigar market is full of vitality.
In the last, the unfavorable factors in the development of cigars are mainly the effects of controlled tobacco policies. The first is smoking in public places. Because cigars require a higher consumption environment than cigarettes, especially large cigars are mostly consumed in independent and comfortable private spaces. If you freely expand the definition of public places, you must even smoke as long as it is a closed space. Seriously affect the consumption of cigars.
According to this study, over the next five years the Cigar market will register a 2.5% CAGR in terms of revenue, the global market size will reach US$ 18500 million by 2024, from US$ 16000 million in 2019. In particular, this report presents the global market share sales and revenue of key companies in Cigar business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Cigar market by product type, application, key manufacturers and key regions and countries.
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This study considers the Cigar value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Machine-made Cigars
Handmade Cigars
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Male Smokers
Female Smokers
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competitive landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in Chapter 3.
Imperial Tobacco Group
Swedish Match
Swisher International
Scandinavian Tobacco Group
Altria Group
Habanos
Agio Cigars
J. Cortès cigars
China Tobacco
Burger Group
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Cigar consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Cigar market by identifying its various subsegments.
Focuses on the key global Cigar manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Cigar with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks .
To project the consumption of Cigar submarkets, with respect to key regions along with their respective key countries .
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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