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DUBLIN--(BUSINESS WIRE)--Sep 22, 2022--
The "Global Cigars Market, By Product (Mass Cigar, Premium Cigar), By Flavor (Non-Flavored, Flavored), By Composition (Wrappers, Fillers, Binders), By Distribution Channel (Online, Offline), By Region, Competition Forecast & Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering.
The global cigars market is expected to witness growth at a steady CAGR in the forecast period, 2023-2027.
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Factors such as the booming hospitality sector and the rise in the number of luxury hotels and restaurants are primarily driving the demand for the global cigars market. Developing countries are growing and evolving economically, resulting in an increase in the disposable income of middle-class families.
Also, the surge in consumption of tobacco among millennials and the development of online distribution channels for the expansion of the consumer base are expected to propel the global cigars market growth in the coming years.
The global cigars market is segmented into product, flavor, composition, distribution channel, competitive landscape, and regional distribution. Based on product, the market is bifurcated into the mass cigar and premium cigars. Mass cigars are anticipated to capture the highest market share over the forecast period, 2023-2027. Cigars sold in bulk are manufactured on a machine and largely contain tobacco.
The majority of premium cigars are handcrafted and rare. However, the cost of a quality cigar is higher than a mass-produced cigar; as a result, more and more customers choose mass-produced cigars since they are more reasonably priced.
Years considered for this report:
Objective of the Study:
Report Scope:
In this report, global cigars market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Global Cigars Market, By Product:
Global Cigars Market, By Flavor:
Global Cigars Market, By Composition:
Global Cigars Market, By Distribution Channel:
Global Cigars Market, By Region:North America
Europe
Asia-Pacific
Middle East & Africa
South America
For more information about this report visit https://www.researchandmarkets.com/r/kbbxqd
View source version on businesswire.com:https://www.businesswire.com/news/home/20220922005463/en/
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KEYWORD:
INDUSTRY KEYWORD: TOBACCO RETAIL
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 09/22/2022 04:55 AM/DISC: 09/22/2022 04:56 AM
http://www.businesswire.com/news/home/20220922005463/en