Brazil Cigar And Cigarillos Market Size & Outlook
Brazil cigar and cigarillos market, 2018-2030 (US$M)
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Brazil cigar and cigarillos market highlights
- The Brazil cigar and cigarillos market generated a revenue of USD 1,204.1 million in 2023 and is expected to reach USD 2,460.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 10.7% 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 1,204.1 million |
| Market revenue in 2030 | USD 2,460.5 million |
| Growth rate | 10.7% (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, Brazil accounted for 2.4% 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 Latin America, Brazil cigar and cigarillos market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 2,460.5 million by 2030.
Mass was the largest segment with a revenue share of 86.05% in 2023. Horizon Databook has segmented the Brazil cigar and cigarillos market based on mass, premium covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is one of the world's leading tobacco producers. The Brazilian cigar & cigarillos industry has a long history, with the state of Bahia being one of the first to cultivate tobacco on a large scale in the world.
The cigar industry's revival has been aided by new generations of cigar smokers and the rising demand for cigars & cigarillos, giving Brazilian cigar manufacturing facilities a reason to make investments. The formation of communities and groups on social media platforms like Facebook has aided the sharing of information about cigars & cigarillos, encouraging a new culture of cigar & cigarillos appreciation.
Over the years, the smoking rate in Brazil has reduced due to factors such as public health initiatives, regulatory measures, and increased awareness regarding the health risks associated with tobacco use. In 2021, the percentage of smokers aged 18 and up was 9.1%, with men accounting for 11.8% and women accounting for 6.7%.
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Cigar And Cigarillos Market Scope
Cigar And Cigarillos Market Companies
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Brazil cigar and cigarillos market size, by product, 2018-2030 (US$M)
Brazil Cigar And Cigarillos Market Outlook Share, 2023 & 2030 (US$M)
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