India Cigar and Cigarillos Market, by Product Type, by Flavor, by Category, By Size, and By Sales Channel - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

Cigars and cigarillos have been gaining high demand in the recent years due to the rise in disposable income of the Indian population over the past few years. For instance, according to the India Brand Equity Foundation (IBEF), in 2019, India's per-capita monthly income increased by 6.8% to reach US$ 161.02. Moreover, cigars are also being recognized as a lifestyle product associated with status. People with high net worth are adopting the consumption of cigars. Indian consumers are being inclined towards luxury brands and consider cigars as a part of high-end lifestyle.

Based on the sales channel in 2020, the conventional stores segment held the largest share in the India cigars and cigarillos market. The conventional stores further include online retails, cigars and cigarillos lounges, specialty stores, among others. Rising trends of cigar and cigarillos lounges in the country is expected to boost growth of the market till the end of 2028. For instance, in June 2016, Gurkha Cigars opened its first cigar lounge in Hotel Sofitel Mumbai BKC.

Cigars and cigarillos are also available in various sizes such as 4.01 to 5 Inch, 5.01 to 6 inch, 6.01 to 7 Inch, 7 Inch and more.

Key features of the study:

• This report provides in-depth analysis of the Indian cigars and cigarillos market, and provides market size (US$ Thousand & Thousand Units) and compound annual growth rate (CAGR %) for the forecast period (2021-2028), considering 2020 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, and regional outlook.
• It profiles key players in the Indian Cigars and Cigarillos market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include AJF Cigars, Boutique Blends Cigars, Fenn Thompson & Co. Royal Cigar Works, Gurkha Cigar Group, Imperial Brands, Joya De Nicaragua, S.A., Scandinavian Tobacco Group, Swedish Match AB, and Swisher.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
• The Indian cigars and cigarillos market report caters to various stakeholders in this industry including investors, suppliers, cigars and cigarillos manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Indian cigars and cigarillos market

Detailed Segmentation:

Indian Cigars and Cigarillos Market, By Product Type:

• Cigars
• Cigarillos
• Little Cigars

Indian Cigars and Cigarillos Market, By Flavor:

• Tobacco/No Flavor
• Flavored

Indian Cigars and Cigarillos Market, By Category:

• Mass
• Premium

Indian Cigars and Cigarillos Market, By Size:

• 4.01 to 5 Inch
• 5.01 to 6 Inch
• 6.01 to 7 Inch
• 7 Inch and More

Indian Cigars and Cigarillos Market, By Sales Channel:

• Duty-Free Retails
• Conventional Stores

Company Profiles

• AJF Cigars
• Boutique Blends Cigars
• Fenn Thompson & Co. Royal Cigar Works
• Gurkha Cigar Group
• Imperial Brands
• Joya De Nicaragua, S.A.
• Scandinavian Tobacco Group
• Swedish Match AB
• Swisher