Persistence Market Research is released upcoming report on title "Cigars & Cigarillos Market: Global Industry Analysis and Forecast to 2020".
New York, NY -- (SBWIRE) -- 03/02/2015 -- A cigar can be defined as any rolled bundle of dried and fermented tobacco. On the other hand cigarillos are short, narrow cigars wrapped in tobacco leaves or brown tobacco based paper. Cigarillos differ from cigar in terms of weight and size. Usually cigarillos are smaller than cigars but larger than cigarettes. Cigarillos are made without filters and are meant to be smoked like cigars. Cigarillos are machine made, which is cheaper than hand-rolling. Tobacco used in cigar is grown in large quantities in countries such as Brazil, Cameroon, Cuba, the Dominican Republic, Indonesia, Mexico, Honduras, Italy and eastern U.S. Cigars and cigarillos are available in variety of flavors in the market.
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Several health risks are associated with the consumption of cigars and cigarillos and it depends on dosage. Greater risks are associated with those who inhale more when they smoke or smoke them longer. Health risk can be similar to those associated with cigarette smoking. Cigars and cigarillos can also increase the risk of lung and heart diseases. Cigars and cigarillos market can be segmented by types into: Cigars and Cigarillos.
North America is the largest market for cigars and cigarillos, which is closely followed by Europe. Globally, North America and Europe, together, accounts for about 75% of the total sales of cigars and cigarillos. According to United States Government Accountability Office, the U.S. sales of cigars and cigarillos increased from 411 million in January 2009 to over 1 billion in September 2011. Asia-Pacific is expected to be the fastest growing market for cigars and cigarillos due to the fast-growing acceptance of cigars and cigarillos smoking surrounded with the large smoking population coupled with the booming middle class and rich population.
Lower taxes and regulation and fast-growing consumer acceptance are some of the major driving force for cigars and cigarillos market. In the recent year, there was increase in sale of cigar and cigarillos due to the increase in taxes on cigarettes. In the U.S., cigars and cigarillos were taxed at lower rate than cigarettes. The difference in tax rate was one of the major factors for increase in the popularity of cigars and cigarillos. On the other hand in the U.S., cigars and cigarillos are not currently regulated under the Family Smoking Prevention and Tobacco Control Act. The Tobacco Control Act bans the flavored cigarettes and the sale of packages of fewer than 20 cigarettes in the U.S. These regulations does not apply to cigars and cigarillos, thus drives the cigars and cigarillos market. Restriction on advertising and health warning and labeling requirement can act as restraints for cigars and cigarillos market.
The major companies operating in the cigars and cigarillos market include Scandinavian Tobacco Group, British American Tobacco, Swisher International, Altadis and Godfrey Phillips India Ltd.
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Key points covered in the report:
1) Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2) The report covers geographic segmentation
3) The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4) The report provides company profiles of some of the leading companies operating in the market
The report also provides porters five forces analysis of the market.
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