China Cigar And Cigarillos Market Size & Outlook
China cigar and cigarillos market, 2018-2030 (US$M)
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China cigar and cigarillos market highlights
- The China cigar and cigarillos market generated a revenue of USD 4,634.4 million in 2023 and is expected to reach USD 7,083.7 million by 2030.
- The China market is expected to grow at a CAGR of 6.2% 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 4,634.4 million |
| Market revenue in 2030 | USD 7,083.7 million |
| Growth rate | 6.2% (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, China accounted for 9.1% 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 78.85% in 2023. Horizon Databook has segmented the China cigar and cigarillos market based on mass, premium covering the revenue growth of each sub-segment from 2018 to 2030.
Cultural factors play a significant role in the cigar market dynamics in China. Smoking, particularly cigars, is often linked to social events and professional gatherings, making it a symbol of prestige and wealth.
The act of gifting cigars during important occasions is deeply ingrained in Chinese culture, further driving demand. In addition, the rise of Western influences and exposure to international lifestyles has contributed to a growing interest in premium cigars, particularly those from renowned cigar-producing countries like Cuba and the Dominican Republic.
In terms of market segmentation, cigars dominate the category, with a significant share attributed to larger, premium products that are perceived as luxury items. Cigarillos, while popular, represent a smaller segment of the market. Specialty stores are crucial for distribution, as they offer a wide variety of authentic products, ensuring quality and addressing consumer concerns about counterfeit goods.
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Cigar And Cigarillos Market Scope
Cigar And Cigarillos Market Companies
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China cigar and cigarillos market size, by product, 2018-2030 (US$M)
China Cigar And Cigarillos Market Outlook Share, 2023 & 2030 (US$M)
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