Germany Luxury Cigar Market Size & Outlook, 2023-2030
Germany luxury cigar market, 2018-2030 (US$M)
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Germany luxury cigar market highlights
- The Germany luxury cigar market generated a revenue of USD 734.2 million in 2023 and is expected to reach USD 1,190.4 million by 2030.
- The Germany market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
- In terms of segment, hand rolled was the largest revenue generating type in 2023.
- Hand Rolled is the most lucrative type segment registering the fastest growth during the forecast period.
Luxury cigar market data book summary
| Market revenue in 2023 | USD 734.2 million |
| Market revenue in 2030 | USD 1,190.4 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Hand rolled |
| Fastest growing segment | Hand Rolled |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hand Rolled, Machine Rolled |
| Key market players worldwide | Scandinavian Tobacco Group A/S, Gurkha Cigar Group, Davidoff of Geneva, Arturo Fuente Coffee, Cigars Direct, Casa de Montecristo |
Other key industry trends
- In terms of revenue, Germany accounted for 5.1% of the global luxury cigar market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK luxury cigar market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 1,357.1 million by 2030.
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Luxury Cigar Market Scope
Luxury Cigar Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany luxury cigar market outlook
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 Germany luxury cigar market based on hand rolled, machine rolled covering the revenue growth of each sub-segment from 2018 to 2030.
Germany displays a strong and stable economy with a high standard of living. As the average disposable income of consumers continues to rise, consumers in the region have high financial flexibility to indulge in premium and luxury goods, including cigars.
In response to the rising demand for premium cigars, several key players operating in the industry are eyeing Germany as a profitable country to drive the demand for their products.For instance, in July 2022
The Belgium-based luxury cigar provider Vandermarliere Cigar Family (VCF) announced its acquisition of two German cigar companies, Woermann Cigars GmbH and Wörmann Cigars. This strategic move positioned Vandermarliere Cigar Family (VCF).
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Target buyers of Germany luxury cigar market databook
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Our clientele includes a mix of luxury cigar market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany luxury cigar market , including forecasts for subscribers. This country databook contains high-level insights into Germany luxury cigar market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany luxury cigar market size, by type, 2018-2030 (US$M)
Germany Luxury Cigar Market Outlook Share, 2023 & 2030 (US$M)
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