Middle East & Africa Luxury Cigar Market Size & Outlook
Middle East & Africa luxury cigar market, 2018-2030 (US$M)
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MEA luxury cigar market highlights
- The MEA luxury cigar market generated a revenue of USD 797.4 million in 2023.
- The market is expected to grow at a CAGR of 6.7% 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.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 797.4 million |
| Market revenue in 2030 | USD 1,256.6 million |
| Growth rate | 6.7% (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 |
| 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, MEA region accounted for 5.6% of the global luxury cigar market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,770.2 million by 2030.
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Luxury Cigar Market Scope
Luxury Cigar Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 Middle East & Africa luxury cigar market based on hand rolled, machine rolled covering the revenue growth of each sub-segment from 2018 to 2030.
Several factors contribute to this rise in luxury cigar demand in the region. The rise in tourism has led to a growing number of high-end hotels entering the market with exclusive cigar lounges, making premium cigars more accessible to consumers, along with the presence of multiple global luxury brands. In addition, there is a rising prevalence of tobacco use among young adults, and luxury cigars have gained popularity among millennials and affluent smokers.
Despite financial crises affecting many countries in the region, cigars have maintained a strong market presence. For instance, Lebanon stands out with the highest per capita revenue from cigar sales worldwide. Cigars have become a status symbol in Lebanon, and those with the means to afford them are less likely to compromise on this aspect.
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Our clientele includes a mix of luxury cigar market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa luxury cigar market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa luxury cigar market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA luxury cigar market size, by country, 2018-2030 (US$M)
Middle East & Africa Luxury Cigar Market Outlook Share, 2023 & 2030 (US$M)
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