India Cigar And Cigarillos Market Size & Outlook
India cigar and cigarillos market, 2018-2030 (US$M)
Related Markets
India cigar and cigarillos market highlights
- The India cigar and cigarillos market generated a revenue of USD 3,587.8 million in 2023 and is expected to reach USD 5,585.1 million by 2030.
- The India market is expected to grow at a CAGR of 6.5% 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 3,587.8 million |
| Market revenue in 2030 | USD 5,585.1 million |
| Growth rate | 6.5% (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, India accounted for 7.0% 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 86.35% in 2023. Horizon Databook has segmented the India cigar and cigarillos market based on mass, premium covering the revenue growth of each sub-segment from 2018 to 2030.
The preferences of Indian consumers are shifting, particularly among urban professionals and younger demographics. There is a growing interest in premium cigars, which are often associated with luxury and status.
This trend is further fueled by globalization and exposure to Western lifestyles, where smoking cigars is seen as a social activity linked to leisure and celebration. The introduction of flavored cigars and cigarillos, such as vanilla and mint, is also attracting a broader audience, including women and younger smokers who seek a smoother smoking experience.
The presence of a dedicated cigar-smoking community in the country has created a prevailing market for cigars & cigarillos. Cigar enthusiasts usually gather at events, cigar lounges, and clubs to taste cigars & cigarillos and encourage a sense of camaraderie.
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 |
|---|
India cigar and cigarillos market size, by product, 2018-2030 (US$M)
India 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
