Global Cigar And Cigarillos Market Size & Outlook
The cigar and cigarillos industry worldwide is expected to reach a projected revenue of US$ 82,629.7 million by 2030. A compound annual growth rate of 7.1% is expected of the worldwide cigar and cigarillos industry from 2024 to 2030.
Revenue, 2023 (US$M)
$51,201.0
Forecast, 2030 (US$M)
$82,629.7
CAGR, 2024 - 2030
7.1%
Report Coverage
Worldwide
Global cigar and cigarillos market, 2018-2030 (US$M)
Related Markets
Global cigar and cigarillos market highlights
- The global cigar and cigarillos market generated a revenue of USD 51,201.0 million in 2023 and is expected to reach USD 82,629.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.1% by 2030.
- In terms of segment, mass accounted for a revenue of USD 40,084.9 million in 2023.
- Premium is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 51,201.0 million |
| Market revenue in 2030 | USD 82,629.7 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Mass |
| Fastest growing segment | Premium |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mass, Premium |
Other key industry trends
- In terms of revenue, the North America accounted for 28.6% of the global cigar and cigarillos market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 2,036.8 million by 2030.
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Cigar And Cigarillos Market Scope
Cigar and cigarillos market segmentation & scope
Cigar And Cigarillos Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global cigar and cigarillos market size, by regions, 2018-2030 (US$M)
Top 10 countries: Cigar and cigarillos market size, 2023 (US$M)
Global cigar and cigarillos market share, by product, 2023 & 2030 (%, US$M)
Cigar and cigarillos market: Opportunity assessment by country
Global cigar and cigarillos market, by region, 2023 (US$M)
Related regional statistics
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