UK Cigar And Cigarillos Market Size & Outlook, 2023-2030
UK cigar and cigarillos market, 2018-2030 (US$M)
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UK cigar and cigarillos market highlights
- The UK cigar and cigarillos market generated a revenue of USD 1,537.0 million in 2023 and is expected to reach USD 2,629.4 million by 2030.
- The UK market is expected to grow at a CAGR of 8% 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 1,537.0 million |
| Market revenue in 2030 | USD 2,629.4 million |
| Growth rate | 8% (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, UK accounted for 3.0% 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 Europe, UK cigar and cigarillos market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 1,462.2 million by 2030.
Mass was the largest segment with a revenue share of 73.05% in 2023. Horizon Databook has segmented the UK cigar and cigarillos market based on mass, premium covering the revenue growth of each sub-segment from 2018 to 2030.
The entry of several new and established players in the U.K. is a primary factor driving the cigars & cigarillos market in the country. In January 2022, an Estonia-based provider of luxury cigars, Casdagli Cigars, announced the launch of its premium cigars on Havana House, a U.K.-based online provider of luxury cigars.
The company signed an agreement with Havana House to provide a range of luxury cigars by Casdagli, such as Club Mareva Lines, Casdagli's Traditional, Basilica, and Cabinet Selection. The sales of cigars & cigarillos through online channels are observing strong growth as these channels act as a convenient and safer platform to choose among a wide range of cigar & cigarillos brands.
In addition, the presence of rare and vintage brands on these channels gives it an edge compared to offline channels such as cigar lounges and specialty cigar stores. For instance, Sautter Cigars and Havana House are online humidors offering a wide range of cigars & cigarillos.
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Cigar And Cigarillos Market Scope
Cigar And Cigarillos Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK cigar and cigarillos market size, by product, 2018-2030 (US$M)
UK Cigar And Cigarillos Market Outlook Share, 2023 & 2030 (US$M)
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