Global Cigars & Cigarillos Market Size, Share, Growth Analysis Report - Forecast 2034

Cigars & Cigarillos Industry Prospective:

The global cigars & cigarillos market size was worth around USD 29.56 Billion in 2024 and is predicted to grow to around USD 38.97 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 2.8% between 2025 and 2034. The report analyzes the global cigars & cigarillos market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the cigars & cigarillos industry.

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Cigars & Cigarillos Market: Overview

Cigars & Cigarillos are tobacco-based products that are wrapped in tobacco leaf. Furthermore, Cigarsillos, Cigars, and little Cigars are key Cigars types that are available. Furthermore, Cigars use is higher in adults making use of tobacco products. These products are also available in a plethora of flavors such as fruit & candy, mint & menthol, and chocolate. Reportedly, Cigars & Cigarillos are a blend of herbal and botanical infusions.

Key Insights

• As per the analysis shared by our research analyst, the global cigars & cigarillos market is estimated to grow annually at a CAGR of around 2.8% over the forecast period (2025-2034).
• Regarding revenue, the global cigars & cigarillos market size was valued at around USD 29.56 Billion in 2024 and is projected to reach USD 38.97 Billion by 2034.
• The cigars & cigarillos market is projected to grow at a significant rate due to Premiumization trends, lifestyle marketing, and increased consumption in social settings fuel growth. Online retail and flavored varieties also support the market.
• Based on Type, the Cigars segment is expected to lead the global market.
• On the basis of Flavor, the Flavored segment is growing at a high rate and will continue to dominate the global market.
• Based on the Price Range, the Premium segment is projected to swipe the largest market share.
• By Distribution Channel, the Tobacco Shops segment is expected to dominate the global market.
• In terms of End-user, the Male Smokers segment is anticipated to command the largest market share.
• Based on region, North America is predicted to dominate the global market during the forecast period.

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Cigars & Cigarillos Market: Growth Factors

Growing product availability in Cigars lounges will promote the global market trends over 2023-2030

Surge in the luxury restaurants with Cigars lounges has paved the way for humungous growth of the global Cigars & Cigarillos market. Launching of new flavors such as vanilla, tea, and chocolate will steer the expansion of the global market. Apart from this, the surging trend of using premium consumables for exhibiting the symbol of status will generate huge demand for Cigarillos and Cigars, thereby steering the global market surge. With Cigars & Cigarillos manufacturers accounting sizably towards the GDP of any country, the market for Cigars & Cigarillos is projected to expand leaps & bounds in the years ahead. The strategy of mergers & acquisitions adopted by industry players has played a major role in the growth of any business. Moreover, Cigars & Cigarillos business is no exception to this. For instance, in the third quarter of 2019, Scandinavian Tobacco Group acquired Agio Beheer B.V. from Highlands Beheer B.V. The strategic move is likely to expand the product line of Scandinavian Tobacco Group along with contributing majorly towards the profits of Agio.

Cigars & Cigarillos Market: Restraints

Ban on Cigars smoking in the Middle East countries and few APAC nations can hinder the global industry surge by 2030

Ban on Cigars & Cigarillos production in some countries and strict laws governing the sale of these products can put brakes on the global Cigars & Cigarillos industry.

Cigars & Cigarillos Market: Opportunities

Introduction of novel Cigars & Cigarillos filters can create new growth opportunities for the market across the globe

Launching of new Cigars and Cigarillos filters and new flavors will generate new vistas of growth for the Cigars & Cigarillos market across the globe. An increase in the research activities for improving the tobacco quality can further enlarge the scope of the demand for Cigars & Cigarillos across the globe.

Cigars & Cigarillos Market: Challenges

Oscillation in the costs of raw materials can challenge the global industry expansion over forecast period

Fluctuating raw material costs and supply chain disruptions can pose a big challenge for the global Cigars & Cigarillos industry elevation.

Cigars & Cigarillos Market: Segmentation

The global Cigars & Cigarillos market is sectored into product, flavor, and region.

In product terms, the global Cigars & Cigarillos market is segregated into mass Cigars and premium Cigars segments. Furthermore, the mass Cigars segment, which acquired about three-fourths of the global market earnings in 2022, is slated to record the fastest CAGR in the upcoming years. The expansion of the segment in the assessment timeframe can be due to large-scale preference for mass Cigars products as they are cost-effective and manufactured with the help of machines on a large scale resulting in economies of scale for the manufacturers.

Based on the flavor, the global Cigars & Cigarillos industry is sectored into flavored and tobacco/no flavor segments. In addition to this, the flavored segment, which acquired the largest chunk of the global industry share in 2022, is predicted to dominate the global industry size in the next few years. The segmental elevation over the forecasting timeline can be attributed to the rise in the popularity of the flavored products among youth, female, and millennial population across the globe.

Cigars & Cigarillos Market: Report Scope

Cigars & Cigarillos Market: Regional Insights

North America is slated to retain its regional domination over 2023-2030

North America, which contributed about 44% of the global Cigars & Cigarillos market share in 2022, is anticipated to dominate the regional market expansion in the coming eight years. Additionally, the expansion of the market in the sub-continent can be attributed to escalating demand for premium Cigars & Cigarillos products in countries such as Canada and the U.S. Additionally, buyers in these countries have a high spending index as compared to their counterparts in other continents. Apart from this, the growing popularity and use of luxury products will further drive the regional market trends.

The European Cigars & Cigarillos industry is set to register the fastest CAGR in the years ahead subject to a rise in the presence of key players in countries such as the UK, Germany, France, Italy, Spain Portugal, and Norway. High demand for premium Cigars in these countries will further embellish the regional industry expansion in the years to come.

Cigars & Cigarillos Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the cigars & cigarillos market on a global and regional basis.

The global cigars & cigarillos market is dominated by players like:

• Swedish Match AB
• Agio Cigarss
• Altria Group Inc.
• Drew Estate
• Habanos S.A.
• Gurkha Cigarss
• Scandinavian Tobacco Group A/S
• Swisher International Inc.
• OETTINGER DAVIDOFF AG
• Trendsettah USA Inc.
• and others.

The global cigars & cigarillos market is segmented as follows;

By Type

• Cigars
• Cigarillos

By Flavor

• Flavored
• Non-flavored

By Price Range

• Premium
• Mass

By Distribution Channel

• Tobacco Shops
• Supermarkets
• Online Retail
• Convenience Stores

By End-user

• Male Smokers
• Female Smokers

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America