Luxury Cigar Market is predicted to reach USD 22.2 billion at a CAGR of 7.50% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Global Luxury Cigar Market” that contains information from 2018 to 2032. The Luxury Cigar market is estimated to register a CAGR of 7.50% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Luxury Cigar market— Fuente Marketing Ltd., General Cigar, Regius Cigars Ltd., Gurkha Cigar Group, Gran Habano Cigars, Mayan Import, The Villiger Group, Altadis, Rocky Patel Premium Cigars, Swisher.

Market Highlights

The global Luxury Cigar market is accounted to register a CAGR of 7.50% during the forecast period and is estimated to reach USD 22.2 Billion by 2032.

As a specialised market within the tobacco business, the luxury cigar market is expanding steadily. The growing affluence of customers, their appreciation of artistry, and their desire for a distinctive and opulent smoking experience are what are driving the market for premium and handcrafted cigars.

Segment Analysis

The global luxury cigar market has been segmented based type and distribution channel.

On the basis of type, the market is segmented into hand rolled and machine rolled. Hand rolled segment accounted for the largest revenue share in 2022. Premium smokers prefer hand-rolled cigars over machine-rolled cigars due to their significantly higher quality.

Based on distribution channel, the global Luxury Cigar market has been segmented into online and offline. Offline segment dominated the global Luxury Cigar market in 2022. Smoke shops, hypermarkets, and businesses selling expensive cigars are reopening as lockdown restrictions are being lifted across the globe.

Access full report @ https://www.marketresearchfuture.com/reports/luxury-cigar-market-11899

Regional Analysis

The global Luxury Cigar market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Luxury Cigar market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Luxury Cigar market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Luxury Cigar market comprises of Middle East, Africa, and Latin America.

The North America Luxury Cigar Market dominated this market in 2022 (45.80%). Customers are willing to pay a lot of money on unique premium cigars in North American countries like the U.S. and Canada. The presence of reputable luxury cigar manufacturers in North America, such as Rocky Patel Davidoff of Geneva and Altadis USA, is another factor that is projected to support demand. Additionally, in the North American region, the U.S. luxury cigar market had the biggest market share, while the Canada luxury cigar market had the quickest rate of expansion.

Moreover, in 2022, the market share for luxury cigars in Europe was sizable. The expansion of the tobacco industry in Germany and the United Kingdom, both of which have legal support, is predicted to ensure continued production of luxury cigars and, as a result, will favourably affect the growth of the market in Asia Pacific throughout the course of the projection period.

Additionally, from 2023 to 2032, the Asia Pacific Luxury Cigar market is anticipated to rise significantly. Asia and the Pacific region have the highest concentration of smokers worldwide. In 2020, the World Health Organisation reported that more than 25.0% of smokers worldwide were Chinese.

Furthermore, the rest of the world's luxury cigar market is divided into the Middle East, Africa, and Latin America. Due to the region's long history of cigar manufacture and the rising global demand for premium cigars, the luxury cigar business in Latin America is booming. Premium cigars are produced in nations like Cuba, the Dominican Republic, and Nicaragua, which draw lovers and connoisseurs from all over the world.

Key Findings of the Study

• The global Luxury Cigar market is expected to reach USD 22.2 Billion by 2032, at a CAGR of 7.50% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the majority of smokers worldwide are concentrated in Asia and the Pacific.


• Based on distribution channel, the offline segment was attributed to holding the largest market in 2022.


• Fuente Marketing Ltd., General Cigar, Regius Cigars Ltd., Gurkha Cigar Group, Gran Habano Cigars, Mayan Import, The Villiger Group, Altadis, Rocky Patel Premium Cigars, Swisher.