UAE Luxury Cigar Market Size & Outlook, 2023-2030
UAE luxury cigar market, 2018-2030 (US$M)
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UAE luxury cigar market highlights
- The UAE luxury cigar market generated a revenue of USD 179.6 million in 2023 and is expected to reach USD 292.9 million by 2030.
- The UAE 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.
Luxury cigar market data book summary
| Market revenue in 2023 | USD 179.6 million |
| Market revenue in 2030 | USD 292.9 million |
| Growth rate | 7.2% (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, UAE accounted for 1.3% 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 Middle East & Africa, South Africa luxury cigar market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 292.9 million by 2030.
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Luxury Cigar Market Scope
Luxury Cigar Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UAE 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 75.56% in 2023. Horizon Databook has segmented the UAE luxury cigar market based on hand rolled, machine rolled covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for premium cigars has increased in the United Arab Emirates (UAE), with affluent individuals seeking luxury and exclusivity in their smoking experience. The UAE market is experiencing significant growth, particularly in the sale of premium hand-rolled Cuban cigars.
More than three million of these cigars are sold in the UAE each year, making the country one of the world's top ten markets for Havana cigars.
The allure of luxury cigars is frequently compared to that of vintage wines, with connoisseurs praising the distinct flavors and tradition embodied in hand-rolled cigars. Cuban cigars, in particular, are revered for their distinct flavor.
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Target buyers of UAE 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 UAE luxury cigar market , including forecasts for subscribers. This country databook contains high-level insights into UAE luxury cigar market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE luxury cigar market size, by type, 2018-2030 (US$M)
UAE Luxury Cigar Market Outlook Share, 2023 & 2030 (US$M)
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