U.S. Luxury Cigar Market Size & Outlook, 2023-2030
U.S. luxury cigar market, 2018-2030 (US$M)
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U.S. luxury cigar market highlights
- The U.S. luxury cigar market generated a revenue of USD 3,647.2 million in 2023 and is expected to reach USD 6,124.4 million by 2030.
- The U.S. market is expected to grow at a CAGR of 7.7% 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.
Luxury cigar market data book summary
| Market revenue in 2023 | USD 3,647.2 million |
| Market revenue in 2030 | USD 6,124.4 million |
| Growth rate | 7.7% (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, U.S. accounted for 25.5% 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 North America, U.S. luxury cigar market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 6,124.4 million by 2030.
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Luxury Cigar Market Scope
Luxury Cigar Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 U.S. luxury cigar market based on hand rolled, machine rolled covering the revenue growth of each sub-segment from 2018 to 2030.
Millennials are reshaping the market for luxury cigars in the U.S. Their preferences, behaviors, and values differ significantly from previous generations, and these distinctions have made a marked impact on the luxury cigar industry.
According to the U.S. Department of Health & Human Services, large cigars, cigarillos, and little cigars constitute the three primary types of cigars marketed in the U.S. In 2022, cigars stood as the second most prevalent tobacco product used by students in middle and high schools across the country. This surge in popularity has raised significant concerns due to the availability of flavors like cherry, which are prohibited in cigarettes.
Additionally, affluent individuals significantly influence the luxury cigar market in the U.S. due to their substantial purchasing capability and lifestyle preferences linked to their socioeconomic status. For many high-income consumers, luxury cigars hold more significance than a mere smoking product; they serve as a representation of status and exclusivity.
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Target buyers of U.S. 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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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 country-level data and insights on the U.S. luxury cigar market , including forecasts for subscribers. This country databook contains high-level insights into U.S. luxury cigar market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. luxury cigar market size, by type, 2018-2030 (US$M)
U.S. Luxury Cigar Market Outlook Share, 2023 & 2030 (US$M)
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