Cigars – Worldwide | Statista Market Forecast

Overview and Scope

Cigarettes are tube-shaped tobacco products rolled in thin paper for smoking. Cigars are rolled out of dried and fermented tobacco leaves for smoking. Cigarillos are small cigarettes wrapped in tobacco leaves or tobacco-based paper.

Sizing and Forecast

The cigarettes, cigars and cigarillos market size has grown steadily in recent years. It will grow from $246.8 billion in 2023 to $258.15 billion in 2024 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to tobacco industry dominance, consumer habit and addiction, cultural and social traditions, effective marketing and branding, tobacco taxation and regulation.

The cigarettes, cigars and cigarillos market size is expected to see steady growth in the next few years. It will grow to $305.21 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to health-conscious consumer preferences, reduced smoking prevalence, regulations and packaging changes, alternative products and harm reduction, global market expansion. Major trends in the forecast period include flavored tobacco products, e-cigarettes and vaping, smokeless and snus products, reduced nicotine and low-tar products, luxury and premium cigars.

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Segmentation & Regional Insights

The cigarettes, cigars and cigarillos market covered in this report is segmented –

1) By Type: Cigarettes, Cigars And Cigarillos

2) By Product: Low Tar, High Tar

3) By Flavor: Tobacco/No Flavor, Flavored

4) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels

Subsegments Covered: Mass Cigar, Premium Cigar

Asia-Pacific was the largest region in the cigarettes, cigars, and cigarillos market in 2023. North America was the second-largest region in the cigarettes, cigars, and cigarillos market. The regions covered in the cigarettes, cigars and cigarillos market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The world’s population is growing and is expected to reach 10 billion by 2050. An increase in population creates more demand for food. Trade volumes will have to increase in order to meet the increased population. Therefore, companies in this market are expected to benefit from rising demand for cigarettes, cigars, and cigarillos manufacturing due to the rising population, during the forecast period.

Key Industry Players

Major companies operating in the cigarettes, cigars and cigarillos market include Imperial brands plc, Altria Group Inc., British American Tobacco plc, Philip Morris International Inc., Gudang Garam, ITC Limited, Sampoerna, Swedish Match AB, Scandinavian Tobacco Group A/S, Godfrey Phillips India Ltd., Japan Tobacco International, Swisher International Inc., Habanos S.A., Davidoff of Geneva USA, Drew Estate Cigars, General Cigar Co. Inc., Gurkha Cigars, J.C. Newman Cigar Co., La Flor Dominicana, Oliva Cigar Co., Padron Cigars, Perdomo Cigars, Rocky Patel Premium Cigars, Arturo Fuente Cigars, Ashton Cigars, Alec Bradley Cigars, CAO Cigars, Crowned Heads, Dunbarton Tobacco & Trust, Espinosa Cigars, Foundation Cigar Co., Illusione Cigars, Joya de Nicaragua S.A., My Father Cigars Inc., Tatuaje Cigars.

The cigarettes, cigars and cigarillos market report table of contents includes:

Executive Summary
Cigarettes, Cigars And Cigarillos Market Characteristics
Cigarettes, Cigars And Cigarillos Product/Service Analysis -Product/Service Examples
Cigarettes, Cigars And Cigarillos Market Trends And Strategies
Cigarettes, Cigars And Cigarillos Market – Macro Economic Scenario