India Luxury Cigar Market Size & Outlook, 2023-2030
India luxury cigar market, 2018-2030 (US$M)
Related Markets
India luxury cigar market highlights
- The India luxury cigar market generated a revenue of USD 328.2 million in 2023 and is expected to reach USD 582.0 million by 2030.
- The India market is expected to grow at a CAGR of 8.5% 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 328.2 million |
| Market revenue in 2030 | USD 582.0 million |
| Growth rate | 8.5% (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, India accounted for 2.3% 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 Asia Pacific, China luxury cigar market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,614.7 million by 2030.
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Luxury Cigar Market Scope
Luxury Cigar Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 75.59% in 2023. Horizon Databook has segmented the India luxury cigar market based on hand rolled, machine rolled covering the revenue growth of each sub-segment from 2018 to 2030.
The presence of a dedicated cigar-smoking community in the country has created a prevailing market for luxury cigars. Cigar enthusiasts usually gather at events, cigar lounges, and clubs to taste premium cigars and encourage a sense of camaraderie. This active community provides a consistent and expanding customer base for luxury cigar brands in India.
For instance, the India Cigar Club serves as a uniting platform for individuals who share a common enthusiasm for indulging in luxury cigars. In 2021, the club announced the re-opening of its cigar subscription services for consumers who want to experiment with new cigars. The subscription package includes the finest Cuban and New World cigar brands.
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Target buyers of India 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 India luxury cigar market , including forecasts for subscribers. This country databook contains high-level insights into India luxury cigar market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India luxury cigar market size, by type, 2018-2030 (US$M)
India Luxury Cigar Market Outlook Share, 2023 & 2030 (US$M)
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