Market revenue in 2023 | USD 811.5 million |
Market revenue in 2030 | USD 1,357.1 million |
Growth rate | 7.6% (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 |
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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 UK luxury cigar market based on hand rolled, machine rolled covering the revenue growth of each sub-segment from 2018 to 2030.
The U.K. market for luxury cigars is witnessing a higher growth rate owing to a rise in the number of premium consumers seeking hand-rolled premium cigars. The hand-rolled cigars offer a nuanced and complex profile. Smokers appreciate the variety of textures, aromas, and taste that is carefully blended in premium cigars.
This, in turn, has led to several luxury cigar brands offering hand-rolled cigars in the country. For instance, Arturo Fuente Cigars, Rocky Patel Cigars, and AJ Fernandez Cigars are some of the brands offering handmade luxury cigars in the country.
The sales of luxury cigars through online channels are showcasing higher growth as these channels act as a convenient and safer platform to choose among a wide range of luxury cigar brands. Additionally, the presence of rare and vintage brands on these channels gives it an edge compared to offline channels such as cigar lounges and specialty cigar stores.
Horizon Databook provides a detailed overview of country-level data and insights on the UK luxury cigar market , including forecasts for subscribers. This country databook contains high-level insights into UK luxury cigar market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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