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NEW YORK, Oct. 11, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The Global Flavored Cigar Market
size is estimated to grow by USD 5.43 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of
8.8%
during the forecast period. High appeal of flavored cigars among young adults
is driving market growth,
with a trend towards
customization and discounted prices of flavored cigars. However,
difficulty for players to convince veteran cigar consumers to switch to flavored cigars
poses a challenge -Key market players include Arnold Andre GmbH and Co. KG, C. Fuente Holdings Inc., DANNEMANN EL NOBLE CIGARRO GmbH, Firmin cigars, Godfrey Phillips India Ltd., Gurkha Cigar Group, Imperial Brands Plc, ITC Ltd., J. Cortes Cigars NV, Japan Tobacco Inc., North Carolina Tobacco Manufacturing LLC, Oettinger Davidoff AG, Paladin Cigars, Rocky Patel Premium Cigars LLC, Scandinavian Tobacco Group AS, Senenca Manufacturing Co., Snyman Tobacco Pty Ltd., Swedish Match AB, Swisher International Inc., and Tatiana Cigars.
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Technavio has announced its latest market research report titled Global flavored cigar market 2024-2028
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| Forecast period |
2024-2028 |
| Base Year |
2023 |
| Historic Data |
2018 - 2022 |
| Segment Covered |
Type (Machine-made and Hand-rolled), Flavor (Fruit-flavored cigar, Alcohol and non-alcohol-flavored cigar, and Others), and Geography (North America, Europe, APAC, Middle East and Africa, and South America) |
| Region Covered |
North America, Europe, APAC, Middle East and Africa, and South America |
| Key companies profiled |
Arnold Andre GmbH and Co. KG, C. Fuente Holdings Inc., DANNEMANN EL NOBLE CIGARRO GmbH, Firmin cigars, Godfrey Phillips India Ltd., Gurkha Cigar Group, Imperial Brands Plc, ITC Ltd., J. Cortes Cigars NV, Japan Tobacco Inc., North Carolina Tobacco Manufacturing LLC, Oettinger Davidoff AG, Paladin Cigars, Rocky Patel Premium Cigars LLC, Scandinavian Tobacco Group AS, Senenca Manufacturing Co., Snyman Tobacco Pty Ltd., Swedish Match AB, Swisher International Inc., and Tatiana Cigars |
Key Market Trends Fueling Growth
The flavored cigar market is experiencing growth due to two key factors: customization and discounted prices. Consumers value personalized gifts , leading to the popularity of personalized flavored cigars. Players like Custom Tobacco and Bobalu Cigar offer platforms for designing custom cigars with various flavors, shapes, and sizes. Additionally, retailers such as Corona Cigar, Superior Cigars, and StogieBoys sell flavored cigars from multiple brands at discounted prices. These factors are expected to boost the market's growth during the forecast period, as consumers seek personalized and affordable options in the flavored cigar market.
The flavored cigar market is experiencing significant growth, particularly among young adults with hectic work schedules. Infused flavors like Chocolate , Strawberry, Menthol, Cherry, and Grape are popular choices for gifting and mixing to create unique taste combinations. Flavored cigars serve as status symbols, but high taxation policies pose challenges. Healthy lifestyle trends push consumers towards smoking alternatives and lounge culture. Hand-rolled and machine-made cigars cater to various preferences. Brands like Cuban cigars and Habanos lead the market, infusing tobacco leaves with fruit, spices, herbs, and coffee for innovative sensory experiences. Premiumization, natural and organic options, and customization are key trends. Regulatory changes, sociocultural views, and pricing strategies impact the market. Flavored cigars offer a range of taste profiles, from conventional tobacco flavors to botanical extracts, appealing to health-conscious consumers. Despite concerns over bad breath, they continue to be popular for business and household consumption.
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Market
Challenges
The global flavored cigar market faces a significant hurdle in converting seasoned cigar consumers from traditional or non-flavored cigars. These consumers prioritize the aroma from the tobacco and the quality of burn or ash. They often view flavored cigars as inferior alternatives to authentic cigar experiences. Consequently, persuading these long-term traditional cigar users to adopt flavored cigars poses a challenge, potentially hindering the market's expansion during the forecast period.
The flavored cigar market faces several challenges in today's business landscape. Business and household consumption of flavored cigars continues to grow, driven by smoking alternatives and the lounge culture. The female smoking population is a significant market segment, with grape, fruit, spices, herbs, coffee, and botanical extracts being popular choices. However, regulatory changes and sociocultural views are impacting the industry. Premiumization and high-quality cigars are key trends, with innovation in taste combinations and packaging designs. Health-conscious consumers prefer natural and organic options. Customization, discounted prices, and social occasions are also important factors. Innovation in flavor profile, such as infusing tobacco leaves with fruit, spices, or herbs, creates unique sensory experiences for younger audiences. Regulatory changes, bad breath concerns, and limited edition flavors add complexity to the market landscape. The fusion of conventional tobacco flavors with new ones offers opportunities for growth.
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Segment Overview
This flavored cigar market report extensively covers market segmentation by
Type
1.1 Machine-made
1.2 Hand-rolled
Flavor
2.1 Fruit-flavored cigar
2.2 Alcohol and non-alcohol-flavored cigar
2.3 Others
Geography
3.1 North America
3.2 Europe
3.3 APAC
3.4 Middle East and Africa
3.5 South America
1.1
Machine-made-
Machine-made flavored cigars are a popular choice among consumers due to their affordability and consistent smoking experience. Manufactured using scraps of homogenized tobacco, these cigars are produced in large quantities using machines, making them less expensive than hand-rolled cigars. Brands like BACKWOODS (Imperial Tobacco Group) and Swisher International lead the market for machine-made flavored cigars. The rising prices of cigarettes are driving young adults towards these cigars, which offer various flavors at a lower cost. The manufacturing process ensures a consistent taste and aroma, providing a reliable smoking experience. Additionally, machine-made cigars are conveniently sold in packs or boxes and are readily available at convenience stores, gas stations , and online retailers. These factors contribute to the increasing demand for machine-made flavored cigars, boosting the growth of the global flavored cigar market during the forecast period.
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Research Analysis
Flavored cigars have gained popularity among young adults seeking unique smoking experiences. With hectic work schedules, these cigars offer a moment of relaxation and enjoyment. Infused with various flavors like chocolate, strawberry, fruit, spices, herbs, coffee , and vanilla, they cater to diverse tastes. Flavored cigars are also used as gifting purposes, making them a thoughtful and unique present. Hand-rolled and machine-made options are available, each offering distinct smoking experiences. The fusion of flavors provides innovative sensory experiences for cigar connoisseurs. However, high taxation policies and healthy lifestyle trends may deter some consumers. Limited edition flavors add to the allure, making them a status symbol for some. Mixing and customizing flavors is an exciting option for those seeking a personalized smoking experience. Flavored cigars are often enjoyed during social occasions, but be mindful of potential bad breath aftereffects.
Market Research Overview
Flavored cigars have gained significant popularity among young adults, offering a unique smoking experience with infused flavors like chocolate, strawberry, menthol, cherry, grape, and more. With hectic work schedules, these cigars serve as stress relievers and status symbols. For gifting purposes, they make thoughtful presents for special occasions. Hand-rolled and machine-made cigars offer different experiences, while high taxation policies and healthy lifestyle trends impact consumer behavior. Innovative sensory experiences are driving flavor profile innovation, with natural and organic options, botanical extracts, and premiumization becoming trends. Fruit, spices , herbs, coffee, and other ingredients are infused into tobacco leaves, creating taste combinations that cater to younger audiences. Customization options, discounted prices, and social occasions also influence the market. Regulatory changes, sociocultural views, and health concerns continue to shape the flavored cigar industry. Limited edition flavored cigars and the fusion of flavors add excitement for consumers, while business and household consumption, smoking alternatives, lounge culture, and the female smoking population expand the market. Despite concerns about bad breath and societal stigma, the demand for flavored cigars remains strong.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
Type
Flavor
Fruit-flavored Cigar
Alcohol And Non-alcohol-flavored Cigar
Others
Geography
North America
Europe
APAC
Middle East And Africa
South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:
[email protected]
Website:
SOURCE Technavio
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