Luxury Cigar Market Size, Share & Trends Analysis Report by Type (Hand Rolled, Machine Rolled), by Distribution Channel (Online, Offline), by Region, and Segment Forecasts, 2021-2028

The global luxury cigar market size is expected to reach USD 20.25 billion by 2028. It is expected to expand at a CAGR of 7.2% from 2021 to 2028. Rising consumption of tobacco across the globe is anticipated to drive the luxury cigar industry. The growing demand for high-quality smooth flavor cigars, such as Arturo Fuente Don Carlos, Mayan Sicars, El Gigante by Gran Habano, and Gurkha Black Dragon, is likely to fuel the overall demand.

Cigar sales have risen drastically over the past few years owing to the rising cigar consumption. Based on a study by the Centre for Disease Control and Prevention, cigar sales grew by approximately 30% between 2016 and 2019. Furthermore, the U.S. Federal Trade Commission stated that more than 25% of cigar sales can be attributed to premium cigars. Thus, the rise in cigar sales and consumption is a major factor positively impacting the demand for luxury cigars.

Furthermore, a rise in the social acceptability of tobacco use is leading to a rise in premium cigar lounges across the globe. For instance, in May 2018, Ritz London opened a cigar lounge on their ground floor to offer a wide variety of luxury cigars, such as Cohiba, Partagás, Montecristo, Ramón Allones, and Bolívar. Thus, an increase in the number of cigar lounges will fuel the growth of the market during the forecast period.

The hand rolled type segment held the largest revenue share in 2020 and is expected to maintain its lead over the forecast period. Premium cigar smokers prefer smooth tobacco taste over mixed flavors. Fillers and wrappers of hand rolled cigars are made of pure tobacco and handmade products, instead of paper, preservatives, and chemicals, which offers the smoker a smoother tobacco flavor.

Few of the world’s most expensive hand rolled cigars include Mayan Sicars (USD 0.5 million), El Gigante (USD 0.2 million), King of Denmark (USD 4,500), and Gurkha Black Dragon (USD 1,150), among others. Moreover, the number of male smokers has been on a rise for the past few years. Based on a study by Cancer Research UK, during the first lockdown, the U.K. witnessed a rise of male smokers between the age of 18 and 34 from 21.5% to 26.8% in one quarter.

Furthermore, according to a study by the World Health Organization, more than 800 million of the world’s one billion smokers are male. Thus, a rise in smokers, coupled with the demand for a smoother taste, is anticipated to boost the growth of the hand rolled luxury cigars. The market for luxury cigars is consolidated with the presence of a large number of international players and a few regional players.

Luxury Cigar Market Report Highlights

North America dominated the market in 2020. The increasing consumption of tobacco in the emerging markets of China, Japan, India, and Indonesia due to a growing number of new factories and luxury cigar launches and rising demand for unconventional cigar flavors is anticipated to propel the growth of the Asia Pacific market
The hand rolled type segment is projected to register the fastest growth rate during the forecast period. Hand rolled cigars are made of handmade products and higher quality tobacco, which help enrich the flavor of the product. Demand for hand rolled luxury cigars is driven by a rise in the number of cigar lounges at luxury hotels, auctions, and online cigar platforms
The online distribution channel segment is expected to register the fastest growth rate during the forecast period. A rise in the number of e-commerce websites offering luxury across the globe is anticipated to boost the growth of this segment. Furthermore, major companies such as Rocky Patel Premium Cigars, Gurkha Cigar Group, and JR Cigars have launched their online platform to serve luxury cigars to the international customers

Frequently Asked Questions about the Global Luxury Cigar Market

What is the estimated value of the Global Luxury Cigar Market?

The Global Luxury Cigar Market was estimated to be valued at $12.45 Billion in 2021.

What is the growth rate of the Global Luxury Cigar Market?

The growth rate of the Global Luxury Cigar Market is 7.2%, with an estimated value of $20.25 Billion by 2028.

What is the forecasted size of the Global Luxury Cigar Market?

The Global Luxury Cigar Market is estimated to be worth $20.25 Billion by 2028.

Who are the key companies in the Global Luxury Cigar Market?

Key companies in the Global Luxury Cigar Market include Fuente Marketing Ltd., General Cigar, Regius Cigars Ltd., Gurkha Cigar Group, Gran Habano Cigars, Mayan Import, The Villiger Group, Altadis, Rocky Patel Premium Cigars and Swisher.

Report Attribute	Details
No. of Pages	80
Published	December 2021
Forecast Period	2021 - 2028
Estimated Market Value ( USD ) in 2021	$ 12.45 Billion
Forecasted Market Value ( USD ) by 2028	$ 20.25 Billion
Compound Annual Growth Rate	7.2%
Regions Covered	Global
No. of Companies Mentioned	10

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Type Outlook
2.3. Distribution Channel Outlook
2.4. Regional Outlook
2.5. Competitive Insights

Chapter 3. Luxury Cigar Market Variables, Trends & Scope

3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Impact of COVID-19 on the Luxury Cigar Market
3.4. Industry Value Chain Analysis
3.4.1. Sales/Retail Channel Analysis
3.4.2. Profit Margin Analysis
3.5. Market Dynamics
3.5.1. Driver Impact Analysis
3.5.2. Restraint Impact Analysis
3.5.3. Industry Challenges
3.5.4. Industry opportunities
3.6. Business Environment Analysis
3.6.1. Industry Analysis - Porter’s Five Forces
3.6.1.1. Supplier Power
3.6.1.2. Buyer Power
3.6.1.3. Substitution Threat
3.6.1.4. Threat from New Entrant
3.6.1.5. Competitive Rivalry
3.7. Roadmap of Luxury Cigar Market
3.8. Market Entry Strategies

Chapter 4. Consumer Behavior Analysis

4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Distribution Channel Adoption
4.5. Observations & Recommendations

Chapter 5. Luxury Cigar Market: Type Estimates & Trend Analysis

5.1. Type Movement Analysis & Market Share, 2020 & 2028
5.2. Hand Rolled
5.2.1. Market estimates and forecast, 2016 - 2028 (USD Million)
5.3. Machine Rolled
5.3.1. Market estimates and forecast, 2016 - 2028 (USD Million)

Chapter 6. Luxury Cigar Market: Distribution Channel Estimates & Trend Analysis

6.1. Distribution Channel Movement Analysis & Market Share, 2020 & 2028
6.2. Online
6.2.1. Market estimates and forecast, 2016 - 2028 (USD Million)
6.3. Offline
6.3.1. Market estimates and forecast, 2016 - 2028 (USD Million)

Chapter 7. Luxury Cigar Market: Regional Estimates & Trend Analysis

7.1. Regional Movement Analysis & Market Share, 2020 & 2028
7.2. North America
7.2.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.2.2. Market estimates and forecast, by type, 2016 - 2028 (USD Million)
7.2.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.2.4. U.S.
7.2.4.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.2.4.2. Market estimates and forecast, by type, 2016 - 2028 (USD Million)
7.2.4.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.2.5. Canada
7.2.5.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.2.5.2. Market estimates and forecast, by type, 2016 - 2028 (USD Million)
7.2.5.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.2.6. Mexico
7.2.6.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.2.6.2. Market estimates and forecast, by type, 2016 - 2028 (USD Million)
7.2.6.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.3. Europe
7.3.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.3.2. Market estimates and forecast, by type, 2016 - 2028 (USD Million)
7.3.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.3.4. Germany
7.3.4.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.3.4.2. Market estimates and forecast, by type, 2016 - 2028 (USD Million)
7.3.4.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.3.5. U.K.
7.3.5.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.3.5.2. Market estimates and forecast, by type, 2016 - 2028 (USD Million)
7.3.5.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.4.2. Market estimates and forecast, by type, 2016 - 2028 (USD Million)
7.4.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.4.4. China
7.4.4.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.4.4.2. Market estimates and forecast, by type, 2016 - 2028 (USD Million)
7.4.4.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.4.5. India
7.4.5.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.4.5.2. Market estimates and forecast, by type, 2016 - 2028 (USD Million)
7.4.5.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.4.6. Japan
7.4.6.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.4.6.2. Market estimates and forecast, by type, 2016 - 2028 (USD Million)
7.4.6.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.4.7. Indonesia
7.4.7.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.4.7.2. Market estimates and forecast, by type, 2016 - 2028 (USD Million)
7.4.7.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.5. Central & South America
7.5.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.5.2. Market estimates and forecast, by type, 2016 - 2028 (USD Million)
7.5.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.5.4. Brazil
7.5.4.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.5.4.2. Market estimates and forecast, by type, 2016 - 2028 (USD Million)
7.5.4.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.5.5. Honduras
7.5.5.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.5.5.2. Market estimates and forecast, by type, 2016 - 2028 (USD Million)
7.5.5.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.6. Middle East & Africa
7.6.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.6.2. Market estimates and forecast, by type, 2016 - 2028 (USD Million)
7.6.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.6.4. UAE
7.6.4.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.6.4.2. Market estimates and forecast, by type, 2016 - 2028 (USD Million)
7.6.4.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.6.5. South Africa
7.6.5.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.6.5.2. Market estimates and forecast, by type, 2016 - 2028 (USD Million)
7.6.5.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)

Chapter 8. Competitive Analysis

8.1. Key global players, recent developments & their impact on the industry
8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.3. Vendor Landscape
8.3.1. Key company market share analysis, 2020

Chapter 9. Company Profiles

9.1. Fuente Marketing Ltd.
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Type Benchmarking
9.1.4. Strategic Initiatives
9.2. General Cigar
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Type Benchmarking
9.2.4. Strategic Initiatives
9.3. Regius Cigars Ltd.
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Type Benchmarking
9.3.4. Strategic Initiatives
9.4. Gurkha Cigar Group
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Type Benchmarking
9.4.4. Strategic Initiatives
9.5. Gran Habano Cigars
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Type Benchmarking
9.5.4. Strategic Initiatives
9.6. Mayan Import
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Type Benchmarking
9.6.4. Strategic Initiatives
9.7. The Villiger Group
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Distribution Channel Benchmarking
9.7.4. Strategic Initiatives
9.8. Altadis
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Distribution Channel Benchmarking
9.8.4. Strategic Initiatives
9.9. Rocky Patel Premium Cigars
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Type Benchmarking
9.9.4. Strategic Initiatives
9.10. Swisher
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Type Benchmarking
9.10.4. Strategic Initiatives

List of Tables

1. Luxury cigar market-Driving factor market analysis
2. Luxury cigar market-Restraint factor market analysis
3. Hand Rolled market estimates and forecast, 2016-2028 (USD Million)
4. Machine Rolled market estimates and forecast, 2016-2028 (USD Million)
5. Luxury cigar market estimates and forecast through online, 2016-2028 (USD Million)
6. Luxury cigar market estimates and forecast through offline, 2016-2028 (USD Million)
7. North America luxury cigar market estimates and forecast, 2016-2028 (USD Million)
8. North America luxury cigar market estimates and forecast, by type, 2016-2028 (USD Million)
9. North America luxury cigar market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
10. U.S. luxury cigar market estimates and forecast, 2016-2028 (USD Million)
11. U.S. luxury cigar market estimates and forecast, by type, 2016-2028 (USD Million)
12. U.S. luxury cigar market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
13. Canada luxury cigar market estimates and forecast, 2016-2028 (USD Million)
14. Canada luxury cigar market estimates and forecast, by type, 2016-2028 (USD Million)
15. Canada luxury cigar market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
16. Mexico luxury cigar market estimates and forecast, 2016-2028 (USD Million)
17. Mexico luxury cigar market estimates and forecast, by type, 2016-2028 (USD Million)
18. Mexico luxury cigar market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
19. Europe luxury cigar market estimates and forecast, 2016-2028 (USD Million)
20. Europe luxury cigar market estimates and forecast, by type, 2016-2028 (USD Million)
21. Europe luxury cigar market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
22. U.K. luxury cigar market estimates and forecast, 2016-2028 (USD Million)
23. U.K. luxury cigar market estimates and forecast, by type, 2016-2028 (USD Million)
24. U.K. luxury cigar market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
25. Germany luxury cigar market estimates and forecast, 2016-2028 (USD Million)
26. Germany luxury cigar market estimates and forecast, by type, 2016-2028 (USD Million)
27. Germany luxury cigar market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
28. Asia Pacific luxury cigar market estimates and forecast, 2016-2028 (USD Million)
29. Asia Pacific luxury cigar market estimates and forecast, by type, 2016-2028 (USD Million)
30. Asia Pacific luxury cigar market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
31. China luxury cigar market estimates and forecast, 2016-2028 (USD Million)
32. China luxury cigar market estimates and forecast, by type, 2016-2028 (USD Million)
33. China luxury cigar market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
34. India luxury cigar market estimates and forecast, 2016-2028 (USD Million)
35. India luxury cigar market estimates and forecast, by type, 2016-2028 (USD Million)
36. India Luxury cigar market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
37. Japan luxury cigar market estimates and forecast, 2016-2028 (USD Million)
38. Japan luxury cigar market estimates and forecast, by type, 2016-2028 (USD Million)
39. Japan luxury cigar market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
40. Indonesia luxury cigar market estimates and forecast, 2016-2028 (USD Million)
41. Indonesia luxury cigar market estimates and forecast, by type, 2016-2028 (USD Million)
42. Indonesia luxury cigar market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
43. Central & South America luxury cigar market estimates and forecast, 2016-2028 (USD Million)
44. Central & South America luxury cigar market estimates and forecast, by type, 2016-2028 (USD Million)
45. Central & South America luxury cigar market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
46. Brazil luxury cigar market estimates and forecast, 2016-2028 (USD Million)
47. Brazil luxury cigar market estimates and forecast, by type, 2016-2028 (USD Million)
48. Brazil luxury cigar market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
49. Honduras luxury cigar market estimates and forecast, 2016-2028 (USD Million)
50. Honduras luxury cigar market estimates and forecast, by type, 2016-2028 (USD Million)
51. Honduras luxury cigar market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
52. Middle East & Africa luxury cigar market estimates and forecast, 2016-2028 (USD Million)
53. Middle East & Africa luxury cigar market estimates and forecast, by type, 2016-2028 (USD Million)
54. Middle East & Africa luxury cigar market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
55. UAE luxury cigar market estimates and forecast, 2016-2028 (USD Million)
56. UAE luxury cigar market estimates and forecast, by type, 2016-2028 (USD Million)
57. UAE luxury cigar market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
58. South Africa luxury cigar market estimates and forecast, 2016-2028 (USD Million)
59. South Africa luxury cigar market estimates and forecast, by type, 2016-2028 (USD Million)
60. South Africa luxury cigar market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
61. Company categorization

List of Figures

1. Luxury cigar market segmentation
2. Information procurement
3. Primary research pattern
4. Primary research approaches
5. Primary research process
6. Luxury cigar market - Penetration & growth prospect mapping
7. Luxury cigar market - Value chain analysis
8. Luxury cigar market: Porter’s Five Forces analysis
9. Roadmap of the Luxury cigar market
10. Factors Influencing Consumers’ Buying Decisions
11. Luxury cigar market: Type share (%) analysis, 2020 & 2028
12. Luxury cigar market: Distribution channel share (%) analysis, 2020 & 2028
13. Luxury cigar market: Regional share (%) analysis, 2020 & 2028
14. Key luxury cigar company market share analysis, 2020