Cigars

Global Cigars Market to Reach US$94.7 Billion by 2030

The global market for Cigars estimated at US$58.2 Billion in the year 2024, is expected to reach US$94.7 Billion by 2030, growing at a CAGR of 8.5% over the analysis period 2024-2030. Conventional, one of the segments analyzed in the report, is expected to record a 10.7% CAGR and reach US$78.1 Billion by the end of the analysis period. Growth in the Premium segment is estimated at 1.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$15.0 Billion While China is Forecast to Grow at 11.9% CAGR

The Cigars market in the U.S. is estimated at US$15.0 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$21.9 Billion by the year 2030 trailing a CAGR of 11.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.2% and 6.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.7% CAGR.

Global Cigars Market - Key Trends and Drivers Summarized

Cigars, enjoyed by millions worldwide, offer a sophisticated and deeply personal smoking experience that resonates with a rich array of flavors and a distinct sense of relaxation and special occasion. The appreciation for cigars extends beyond simple consumption to become a part of personal and cultural rituals, where they are often associated with relaxation, celebration, and moments of achievement. The slow, intentional draws required to smoke a cigar encourage a meditative focus, while the nicotine enhances mood and sharpens focus, making cigars a popular choice for unwinding and reflection. This ritualistic aspect of cigar smoking, where each puff is savored and each moment valued, aligns perfectly with the broader desires for a contemplative and luxurious experience in today’s fast-paced world.

The traditional and cultural significance of cigar smoking enhances its appeal, linking it to a rich historical tapestry that adds depth to the smoking experience. Many smokers view cigars not just as products but as a link to cultural heritage and family history, adding a layer of personal meaning to each smoke. This historical aspect is complemented by the social and celebratory nature of cigar smoking, often marked by special occasions like weddings, birthdays, or promotions, which embed cigars deeply in various cultural norms and practices. Moreover, cigars are seen as symbols of status and sophistication, which further drives their popularity among those seeking to project an image of success and taste.

Several factors drive the growth of the global cigar market, including the rich flavor profiles that appeal to both connoisseurs and casual smokers and the symbol of status and luxury that cigars represent. Additionally, the cultural and historical significance of cigars encourages new smokers to adopt this tradition, often passed down through generations. The social experiences associated with cigar smoking, often conducted in groups at special events or in cigar lounges, also contribute significantly to its popularity. Moreover, market expansion and accessibility, facilitated by online retail and global shipping, allow smokers to access a wide variety of cigars, broadening the consumer base. Innovations in cigar manufacturing, such as the use of hybrid tobaccos and new curing techniques, continually improve the quality and variety of cigars, attracting a diverse audience eager to experience novel flavors and blends.

SCOPE OF STUDY:

The report analyzes the Cigars market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Conventional, Premium)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 132 Featured) -

• Altadis SA
• Habanos SA Corporation
• John Middleton Co.,
• Royal Agio Cigars
• Scandinavian Tobacco Group
• Swedish Match
• Swisher International, Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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