Global Flavored Cigar Market 2017-2021
About Flavored Cigar
Flavored cigars are cigars that have the taste and aroma of various kind of flavors. Flavored cigars are available in hand-rolled and machine-made forms like conventional cigars.
Technavio’s analysts forecast the global flavored cigar market to grow at a CAGR of 8.45% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global flavored cigar market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Flavored Cigar Market 2017-2021
Technavio recognizes the following companies as the key players in the global flavored cigar market: General Cigar, Drew Estate, Gurkha Cigars, Imperial Tobacco and Miami Cigar.
Other Prominent Vendors in the market are: ALEC BRADLEY CIGAR DISTRIBUTORS, Arnold André, Avanti Cigar, Davidoff of Geneva USA, Fuente Marketing (Arturo Fuente), Oliva Cigar Family, Rocky Patel, SCANDINAVIAN TOBACCO GROUP (HAVANA HONEYS') and SWISHER SWEETS (SWISHER INTERNATIONAL).
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is customization and discounted prices. The trend of personalization is popular these days. Hence, consumers often opt for personalized gifts for various occasions. Personalized flavored cigars are common among consumers.”
According to the report, one driver in the market is high appeal of flavored cigars among young adults. Cigars infused with different flavors, such as cherry, grapes, chocolate, and strawberry, are becoming popular among the youth consumer segment and young adults. This is because cigars are one of the most heavily flavored of all tobacco products. This often results in attracting young adults who consider flavors as one of the important parameters when selecting a tobacco product. Many young adults consider these flavored cigars an alternative to cigarettes.
Further, the report states that one challenge in the market is difficulty for the players to convince veteran cigar consumers to switch to flavored cigars. One of the pivotal challenges for players operating in the global flavored cigar market is to convince veteran cigar consumers to switch from non-flavored or traditional cigars to flavored cigars. This is because many of these veteran cigar consumers consider flavored cigars as cheap alternatives to the traditional ones. Veteran cigar consumers look for more of the aroma from the tobacco and burn quality or the ash quality.
General Cigar, Drew Estate, Gurkha Cigars, Imperial Tobacco, Miami Cigar, ALEC BRADLEY CIGAR DISTRIBUTORS, Arnold André, Avanti Cigar, Davidoff of Geneva USA, Fuente Marketing (Arturo Fuente), Oliva Cigar Family, Rocky Patel, SCANDINAVIAN TOBACCO GROUP (HAVANA HONEYS') and SWISHER SWEETS (SWISHER INTERNATIONAL).