Global Cigar Market| Growth | Trends| Forecasts

History of Cigar:

Historians generally believe that the cigar was invented by the ancient Mayans, who would wrap the tobacco in a palm or a plantain leave and smoke it. Archaeologists have even discovered an ancient Mayan pot from the 10th century that depicts a Mayan man puffing on one of these very early cigar. Cigar tobacco is grown in significant quantities primarily in Central America the islands of the Caribbean including Cuba theDomnican  Republic , Haiti,Honduras,Mexico,Ecuador,Nicaragua,Costa Rica , Panama, and Pureto Rico; it is also produced in the Eastern United States, Brazil and in the Mediterranean countries of Italy and Spain and in Indonesia and the Philippines of Southeast Asia

What is a Cigar:

A cigar is a rolled bundle of dried and fermented tobacco leaves made to be smoked. They are produced in a wide variety of sizes and shapes. Since the 20th century, almost all cigars made of three distinct components: the filler, the binder leaf which holds the filler together, and a wrapper leaf, which is often the best leaf used. Often there will be a cigar band printed with the cigar manufacturer's logo. Modern cigars often come with two bands, especially Cuban Cigar bands, showing Limited Edition .

Oldest Cigar:

One of the oldest cigar brands still in production, H. Upmann cigars were founded in 1844. The company is named for founder Herman Upmann. Today they are made in Cuba and in the Dominican Republic, and are distributed to the US by Altadis.

Key Companies & Market Share Insights:

The global cigar and cigarillos market size was estimated at USD 17.45 billion in 2019 and is expected to reach USD 17.96 billion .

The global cigar and cigarillos market is expected to grow at a compound annual growth rate of 3.1% from 2019 to 2025 to reach USD 21.02 billion by 2025.

North America dominated the cigar and cigarillos market with a share of 56.4% in 2019. This is attributed to the growing demand for premium cigars at luxury hotels and bars in the region.

Cigar Market Share By Size & Region

The global market is getting more and more diversified with the availability of products in all the range and flavors. The top most competitors are Nicaragua, the Dominican Republic, Honduras, and Brazil. In recent days various verities are launch by the manufactures to gain greater market share. Many regional and domestic players are entering into the market with unique and innovative products to gain customer base. Recently, in Europe, Switzerland entered into cigar manufacturing and Swiss brand “Davidoff” which is gaining popularity as a brand with a unique quality of the product. Moreover, Nicaragua innovated organic cigar with a brand name “Plasencia”, which is expected to gain popularity in Asia, especially in China. China is one of the prominent markets for premium cigars and is expected to become largest markets in the upcoming years. Traditionally, cigar was considered as luxury tobacco product, which is purchased by rich, middle aged consumers. However, increasing penetration of low cost product coupled with growing number of young billionaires in China is expected to promote the usage on a domestic level. Moreover, Cuban cigar manufacturers are focusing on increasing their market reach through the strategic collaboration.

Flavour Insights:

In 2018, tobacco/no flavor segment led the market in terms of revenue share and is expected to maintain its dominant position over the forecast period. The segment was valued at USD 12.05 billion in 2018 and is expected to expand at a CAGR of 3.0% from 2019 to 2025. Most of NORDIC population preferred no flavor tobacco products, followed by chocolate and vanilla flavored tobacco products.

Flavored products are expected to witness significant growth over the forecast period owing to the rising popularity of flavored products among young consumers. Moreover the increasing number of female consumers is expected to boost the scope of demand for flavored products over the forecast period. Among the various flavors, fruit-based flavors are the most preferred, but sale of non-descriptive flavor such as wine, tea, and Jazz is expected to witness substantial growth in the near future.

Some key players operating in the cigar and cigarillos market include Altria Group, Inc.; Habanos S.A.; Scandinavian Tobacco Group A/S; Gurkha Cigars; Swisher International, Inc.; Agio Cigars; Swedish Match AB; OETTINGER DAVIDOFF AG; Drew Estate; and Trendsettah USA, Inc.

Factors driving Growth:

Key factors that are driving the market growth include increasing number of luxury hotels with cigar lounges,.coupled with introduction of various flavors including wine, tea, chocolate, and vanilla to mask the harshness of tobacco.

Types Of Cigars:

Figurado	Description
Torpedo	Like a parejo except that the cap is pointed
Cheroot	Like a parejo except that there is no cap, i.e. both ends are open
Pyramid	Has a broad foot and evenly narrows to a pointed cap
Perfecto	Narrow at both ends and bulged in the middle
Presidente/Diadema	shaped like a parejo but considered a figurado because of its enormous size and occasional closed foot akin to a perfecto
Culebras	Three long, pointed cigars braided together
Chisel	Is much like the Torpedo, but instead of coming to a rounded point, comes to a flatter, broader edge, much like an actual chisel. This shape was patented and can only be found in the La Flor Dominicana (LFD) brand

In practice, the terms Torpedo and Pyramid are often used interchangeably, even among knowledgeable cigar smokers. Min Ron Nee, the Hong Kong-based cigar expert whose work An Illustrated Encyclopaedia of Post-Revolution Havana Cigars is generally considered to be the definitive work on cigars and cigar term defines Torpedo as "cigar slang". Nee regards the majority usage of torpedoes as pyramids by another name as acceptable 

Cigar Trade
Biggest Companies	Net sales in billion U.S. dollars
British American Tobacco	33
Philip Morris International	30.2
Imperial Brands	20.5
Japan Tobacco	20

Arturo Fuente, a large cigar manufacturer based in the Dominican Republic, has also manufactured figurados in exotic shapes ranging from chili peppers to baseball bats and American footballs. They are highly collectible and extremely expensive, when available to the public.

Interesting Facts On Cigar

Cigar Represents only .02% in revenue terms of the Cigarette Business

Cigar Plants Need 8 Hours of Sunlight Daily & 95% humidity

Montenegro has highest per capita consumption of Cigar  which is 4123 per year

H.Upmann Petit is the oldest Cigar brand in the world.1844 A.D

Mark Twain used to smoke 300 Cigars a month

President Clinton used to celebrate an occasion by Smoking Romeo Y Julieta In the White House

Poisoned Cigars were gifted to President Castro to assassinate him

Most Expensive Cigars:

Smoking Cigars is primarily associated with wealth, class and luxury. There is a wide range of cigars that are available and the finest ones are made out of the best tobacco, swathed in exquisite wrappers and hand rolled with the utmost care and precision.  Therefore, let's have a look at the most expensive ones in the world. Keep in mind that the prices of some of them are likely to break the bank. 

Most Expensive Cigars	Cost in $
Mayan Sicars	5,07,000
Grand Habano	1,85,000
King of Denmark	4500
Gurkha Black Dragon	1150
Cohiba Behike	450

Cigar Market In India:

The Cigar market in India is being pegged at around 300 million Dollars according a recent study done by a prominent business magazine, and this combined with the rapid growth of the Food and Beverage industry, we can expect that figure to jump by three folds in the coming years.

• Revenue in the Cigars segment is projected to reach US$0.03m in 2021. The market is expected to grow annually by 0.4% (CAGR 2021-2025).
• In global comparison, most revenue will be generated in the United States (US$9,622m in 2021).
• In relation to total population figures, per person revenues of US$0.00002 will be generated in 2021.

Future of Cigar Market in Asia:

In the market for Cigars, volume is expected to amount to 7,470.62 m pcs. by 2025.

The average revenue per person in the market for Cigars is expected to amount to US$0.4 in 2021.

Revenue in the Cigars segment is projected to reach US$1,933.5m in 2021.

The average volume per person in the market for Cigars is expected to amount to 1.5 pieces in 2021.

In The End I will List Down Some Of The Most Common Reasons For Smoking Cigars:

 

• . A standard cigarette typically takes a few minutes,Cigar can take between 1-2 hours to smoke, this time according to connoisseurs of smoking describe as a most luxurious thing ever experienced.

• . It’s a rare treat on a special occasion so it builds an association between happy times and smoking cigars
• Cigars taste good! 
• Nicotine acts as a relaxant a cigarette contains 10-20 gm of Nicotine a single Cigar contains 200 mg.
• It’s a lifestyle stimulant and intoxicating for some therefore for Happy Times or to celebrate keep on puffing a cigar.