Canada Cigar And Cigarillos Market Size & Outlook
Canada cigar and cigarillos market, 2018-2030 (US$M)
Related Markets
Canada cigar and cigarillos market highlights
- The Canada cigar and cigarillos market generated a revenue of USD 908.0 million in 2023 and is expected to reach USD 1,893.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 11.1% 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 908.0 million |
| Market revenue in 2030 | USD 1,893.1 million |
| Growth rate | 11.1% (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, Canada accounted for 1.8% 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 North America, U.S. cigar and cigarillos market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,893.1 million by 2030.
Mass was the largest segment with a revenue share of 74.85% in 2023. Horizon Databook has segmented the Canada cigar and cigarillos market based on mass, premium covering the revenue growth of each sub-segment from 2018 to 2030.
Canada has a rich history of cigar smoking, influenced by both indigenous customs and European traditions. This cultural backdrop has fostered a vibrant cigar community, with the emergence of cigar lounges and social clubs enhancing the social aspect of cigar smoking.
These venues not only provide a space for enthusiasts to gather but also promote the pairing of cigars with craft beverages, further enriching the smoking experience. The trend of enjoying cigars alongside whiskey, rum, and craft beer has become increasingly popular, attracting consumers looking for complementary flavor profiles.
Key factors driving the market in Canada are affluence and the disposable income of consumers in Canada. As the economy grows and personal wealth increases, there is a greater segment of the population with the means to indulge in cigars & cigarillos.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Cigar And Cigarillos Market Scope
Cigar And Cigarillos Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada cigar and cigarillos market size, by product, 2018-2030 (US$M)
Canada Cigar And Cigarillos Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
