Australia Cigar And Cigarillos Market Size & Outlook
Australia cigar and cigarillos market, 2018-2030 (US$M)
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Australia cigar and cigarillos market highlights
- The Australia cigar and cigarillos market generated a revenue of USD 1,798.5 million in 2023 and is expected to reach USD 3,146.6 million by 2030.
- The Australia market is expected to grow at a CAGR of 8.3% from 2024 to 2030.
- In terms of segment, mass was the largest revenue generating product in 2023.
- Premium is the most lucrative product segment registering the fastest growth during the forecast period.
Cigar and cigarillos market data book summary
| Market revenue in 2023 | USD 1,798.5 million |
| Market revenue in 2030 | USD 3,146.6 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | Mass |
| Fastest growing segment | Premium |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mass, Premium |
Other key industry trends
- In terms of revenue, Australia accounted for 3.5% of the global cigar and cigarillos market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan cigar and cigarillos market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,146.6 million by 2030.
Mass was the largest segment with a revenue share of 77.45% in 2023. Horizon Databook has segmented the Australia cigar and cigarillos market based on mass, premium covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for cigars and cigarillos in Australia is being driven by the growing popularity of flavored products among young consumers. Sweet tobacco flavors like Swisher Sweet and White Owl have dominated the market for generations, while newer flavored products like Tatiana, Acid, and Java have helped drive up demand in recent years.
Another factor contributing to the growth of the cigar and cigarillos market in Australia is the increasing number of female consumers who prefer flavored cigars. As more women are drawn to the variety of flavors available, the customer base for these products is expanding.
The demand for premium cigars in Australia is being fueled by increased demand from luxury hotels and bars. These handmade products, which are primarily produced in developed countries like the U.S., the U.K., and China, are in high demand.
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Cigar And Cigarillos Market Scope
Cigar And Cigarillos Market Companies
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Australia cigar and cigarillos market size, by product, 2018-2030 (US$M)
Australia Cigar And Cigarillos Market Outlook Share, 2023 & 2030 (US$M)
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