According to the report, the global cigars & cigarillos market is likely to witness slow growth throughout 2017-2025. Towards the end of 2025, the global cigars & cigarillos market is projected to reach US$ 23,857.9 Million revenue.
Albany, NY -- (SBWIRE) -- 02/28/2019 -- Fermented and dried tobacco leaves are tightly rolled to form cigars and cigarillos. Both cigars and cigarillos come in various size, length, and thickness. In recent years, cigars and cigarillos have gained more popularity among young adults. Owing to the increasing popularity and part of the status symbol, manufacturers are offering cigars and cigarillos in various flavors. Moreover, in some countries, the tax on cigars and cigarillos is low, this is likely to drive the demand for cigars and cigarillos. Various types of cigarillos are present in the market with the difference in the quality. Many major companies are offering cigarillos in a small size as a quick alternative to smoking for consumers. Cigars and cigarillos made in machines are affordable, hence, consumed on a large scale by customers.
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Manufacturers are also offering cigars and cigarillos infused with various liquor, desserts, and berry essences. People are also consuming cigars that are small in size but have better taste, hence, companies are investing in the research and development of new flavors and can also differentiate their brands from others. Manufacturers are also focusing on pricing strategies to make it affordable and increase consumption of tobacco products. However, stringent regulation by the government on advertising tobacco products and various restraints are hampering the growth of the global market for cigars & cigarillos.
The market has also been divided into various segments including type, category, flavor, size, gender, and region. The segments also include sub-segments and regions are further divided into countries. The numbers on the segment are provided in the form of basis point share. Meanwhile, revenue generated, year-on-year growth, along with CAGR is also included in the report.
Another section in the global market for cigars and cigarillos offers the information on all the drivers and trends in the market for the forecast period 2017-2025. The report also offers in-depth analysis of all the challenges in the global cigars & cigarillos market. On the basis of region, the market segments include Europe, Latin America, the Middle East and Africa, North America, and Asia Pacific (APAC).
The section offering information on all the key companies in the global market for cigars and cigarillos is also included in the report. The companies in the report are evaluated based on the financial and business overview, latest developments, product portfolio, and trends. The report also provides details on the long-term and short-term strategies by companies in order to compete in the market.
Leading Companies in the Global Market for Cigars & Cigarillos
Some of the major players in the global market for cigars & cigarillos are Scandinavian Tobacco Group A/S, Imperial Brands, Plc., Habanos S.A., British American Tobacco, Swisher International, Inc., Altadis S.A., Swedish Match AB, Drew Estate LLC, Trendsettah USA, Inc., and Oettinger Davidoff AG.
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