Indonesia Luxury Cigar Market Size & Outlook, 2023-2030
Indonesia luxury cigar market, 2018-2030 (US$M)
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Indonesia luxury cigar market highlights
- The Indonesia luxury cigar market generated a revenue of USD 411.9 million in 2023 and is expected to reach USD 696.4 million by 2030.
- The Indonesia market is expected to grow at a CAGR of 7.8% 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 411.9 million |
| Market revenue in 2030 | USD 696.4 million |
| Growth rate | 7.8% (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, Indonesia accounted for 2.9% 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 |
|---|
Indonesia 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 Indonesia luxury cigar market based on hand rolled, machine rolled covering the revenue growth of each sub-segment from 2018 to 2030.
Many hotels in Indonesia house dedicated cigar lounges, driving the demand for luxury cigars. These hotels are ideal setups for high-net-worth individuals to socialize and explore a wide range of premium cigars. For instance, Jakarta-based Churchill Wine & Cigar Bar offers a luxurious ambiance with an extensive selection of cigars and wines.
The increasing number of HNIs seeking a wide variety of luxury cigars has also led to several high-end luxury residential spaces offering dedicated cigar lounges. The Residences at The St. Regis Jakarta, a luxury apartment, includes many amenities such as a wine & cigar lounge, children's pool, sauna and steam facilities, private dining rooms, and direct access to The St. Regis Hotel.
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Our clientele includes a mix of luxury cigar market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Indonesia luxury cigar market , including forecasts for subscribers. This country databook contains high-level insights into Indonesia luxury cigar market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Indonesia luxury cigar market size, by type, 2018-2030 (US$M)
Indonesia Luxury Cigar Market Outlook Share, 2023 & 2030 (US$M)
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