Authored By: Sarah
23 Aug 2024

Flavored Cigar Market Size to grow by USD 5429.5 million between 2024-2028

The Flavored Cigar Market is segmented by 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). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 5429.5 million, at a CAGR of 8.8% during the forecast period. There are several companies that are contributing to the market as per this report. Customization and discounted prices of flavored cigars .

By Type, the Machine-made segment is projected to dominate the market size in 2024

The flavored cigar market is experiencing significant growth due to the increasing preference for affordable smoking options. Machine-made flavored cigars, manufactured using homogenized tobacco scraps, are a popular choice among young adults. Brands such as BACKWOODS (Imperial Tobacco Group) and Swisher International dominate this sector. The rising cost of cigarettes is driving consumers towards these more economical alternatives, which offer a variety of flavors. The manufacturing process for machine-made cigars enables consistent production and faster output, making them an attractive option for mass consumption.

For insights on company offerings- Request a sample report!

Why is North America forecasted to hold the largest regional market size in 2024?

The flavored cigar market represents a significant segment within the tobacco industry, showcasing robust growth due to evolving consumer preferences. These premium cigars, infused with various flavors, cater to discerning palates and offer a more enjoyable smoking experience. Key players in this market prioritize innovation and quality to meet the increasing demand for diverse and delicious flavors.

To access the valuable insights - Download the Free Sample Report

Research Analysis Overview

The flavored cigar market offers a fusion of unique and innovative sensory experiences for cigar enthusiasts. With the introduction of limited edition flavored cigars, the smoking experience has evolved beyond traditional tobacco flavors. From vanilla and coffee to herbs, spices, fruit, and even chocolate, infusing tobacco leaves with various flavors has become a popular trend. These flavored cigars are not just for social occasions but have also become a status symbol among cigar connoisseurs. Young adults, especially, are drawn to the customization options and the ability to mix and match flavors. However, concerns over bad breath and healthier lifestyle trends have led to high taxation policies on flavored cigars, making them a more exclusive and desirable purchase. For those with hectic work schedules, flavored cigars provide a quick escape, offering a moment of relaxation and enjoyment. Whether it's for gifting purposes or personal indulgence, the market for flavored cigars continues to grow, with machine-made and hand-rolled options available to suit every preference. From strawberry and chocolate to more exotic infused flavors, the possibilities are endless.

Market Research Overview

The global tobacco market encompasses businesses involved in the research and development or manufacturing of combustible tobacco products, including cigars, cigarettes, and cigarillos, as well as non-combustible offerings such as dissolvable tobacco, oral tobacco, and electronic cigarettes. Additionally, legal cannabis and industrial hemp-based products are included in this market. According to Technavio, the size of the global food, beverage, and tobacco industry is determined by the consolidated revenue generated by manufacturers in these sectors. Key growth drivers for the tobacco market include the expanding global consumer base, with an annual growth rate of approximately 1%. - The Flavored Cigar Market is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!
Technavio