North America Luxury Cigar Market Size & Outlook
North America luxury cigar market, 2018-2030 (US$M)
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North America luxury cigar market highlights
- The North America luxury cigar market generated a revenue of USD 5,268.5 million in 2023.
- The market is expected to grow at a CAGR of 7.2% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 5,268.5 million |
| Market revenue in 2030 | USD 8,563.2 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 |
| 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, North America region accounted for 36.8% 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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North America 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 North America luxury cigar market based on hand rolled, machine rolled covering the revenue growth of each sub-segment from 2018 to 2030.
In North America, changing consumer preferences and the increasing desire for top-notch, high-quality cigars are pushing the cigar market forward. Consumers who really enjoy cigars are starting to see the fancy ones as sophisticated, cultured, and exclusive.
The connection between these high-end cigars and moments of relaxation, parties, and social standing is attracting people who want to treat themselves to a lavish and distinguished experience. Moreover, consumers in North American nations like the U.S. and Canada demonstrate a readiness to invest a premium price for unconventional high-quality cigars.
Additionally, the presence of renowned luxury cigar producers in North America, such as Rocky Patel, Davidoff of Geneva, and Altadis USA, is anticipated to further bolster the demand.
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Target buyers of North America 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 continent-level data and insights on the North America luxury cigar market , including forecasts for subscribers. This continent databook contains high-level insights into North America luxury cigar market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America luxury cigar market size, by country, 2018-2030 (US$M)
North America Luxury Cigar Market Outlook Share, 2023 & 2030 (US$M)
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