Market revenue in 2023 | USD 14,303.1 million |
Market revenue in 2030 | USD 23,269.6 million |
Growth rate | 7.2% (CAGR from 2023 to 2030) |
Largest segment | Hand rolled |
Fastest growing segment | Hand Rolled |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Hand Rolled, Machine Rolled |
No credit card required*
Name | Profile | # Employees | HQ | Website |
---|
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to luxury cigar market will help companies and investors design strategic landscapes.
hand rolled was the largest segment with a revenue share of 75.58% in 2023. Horizon Databook has segmented the Global luxury cigar market based on hand rolled, machine rolled covering the revenue growth of each sub-segment from 2018 to 2030.
The increase in demand for luxury cigars among smokers contributes to the rise in the importation of premium or luxury cigars. Luxury cigars hold a significant place in the tobacco market as high-end products owing to their exceptional quality, unique flavors, and packaging.
Smokers who value uniqueness are drawn to luxury cigars due to their exceptional craftsmanship and quality. The import of luxury cigars is increasing among various nations and U.S. is one the leading importer of luxury cigars.
With the rise in disposable income, consumers are increasingly inclined toward premium or luxury and unique products. Luxury cigars are a lifestyle choice and are considered a status symbol. Cigars are also associated with indulgence and sophistication. This trend has been observed in both emerging and developed economies.
Horizon Databook provides a detailed overview of global-level data and insights on the Global luxury cigar market , including forecasts for subscribers. This global databook contains high-level insights into Global luxury cigar market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account