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The global cigars and cigarillos market grew at a CAGR of around 3% during 2015-2020. A cigar is a large roll of tobacco wrapped in a tobacco leaf, whereas a cigarillo is a more extended, slimmer version of a cigar. Tobacco leaves are fermented, dried, and then tightly rolled in varying lengths, sizes, and thicknesses. Based on the high nicotine content, cigars and cigarillos have gained prominence, particularly among the high-dose nicotine consumers.
The elevating consumer living standards supported by their rising income levels are augmenting the demand for premium tobacco products, such as cigars and cigarillos. Furthermore, the wide product availability across several brick-and-mortar distribution channels along with decreasing product tax rates are also propelling the market for cigars and cigarillos. Additionally, the growing demand for high-nicotine products have led to a rising shift from cigarettes, snugs, sheesha, etc., towards cigars and cigarillos. Moreover, the expanding hospitality sector is catalyzing the introduction of cigar lounges in various luxury hotels and bars. Apart from this, with a rise in the number of female smokers, several product manufacturers are launching innovative flavors, such as wine, tea, candy, vanilla, etc., for cigars and cigarillos. In the coming years, the emergence of e-commerce platforms will continue to drive the sales of cigars and cigarillos by providing diverse product ranges, faster delivery options, secured payment gateways, etc. Looking forward, IMARC Group expects the global cigars and cigarillos market to continue its steady growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global cigars and cigarillos market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, category, type, flavour, size, end user and distribution channel.
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The competitive landscape of the industry has also been examined with some of the key players being Altadis USA Inc. (Imperial Brands Plc), Arnold André GmbH & Co. KG, Dosal Tobacco Corporation, Drew Estate LLC, Gurkha Cigar Group Inc., Habanos S.A., J. Cortes Cigars, Joh.Wilh. von Eicken GmbH, John Middleton Inc. (Altria Group Inc.), JT International AG (Japan Tobacco Inc.), Oettinger Davidoff AG, Scandinavian Tobacco Group A/S, Swedish Match AB and Swisher International Inc.
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