Mexico Cigar And Cigarillos Market Size & Outlook
The cigar and cigarillos market in Mexico is expected to reach a projected revenue of US$ 2,036.8 million by 2030. A compound annual growth rate of 3.7% is expected of Mexico cigar and cigarillos market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,583.2
Forecast, 2030 (US$M)
$2,036.8
CAGR, 2024 - 2030
3.7%
Report Coverage
Mexico
Mexico cigar and cigarillos market, 2018-2030 (US$M)
Related Markets
Mexico cigar and cigarillos market highlights
- The Mexico cigar and cigarillos market generated a revenue of USD 1,583.2 million in 2023 and is expected to reach USD 2,036.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 3.7% 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 1,583.2 million |
| Market revenue in 2030 | USD 2,036.8 million |
| Growth rate | 3.7% (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, Mexico accounted for 3.1% 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 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.
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Cigar And Cigarillos Market Scope
Cigar and cigarillos market segmentation & scope
Cigar And Cigarillos Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico cigar and cigarillos market size, by product, 2018-2030 (US$M)
Mexico Cigar And Cigarillos Market Outlook Share, 2023 & 2030 (US$M)
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