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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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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growth- Download a Sample Report
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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into AI's impact on market dynamics, emerging trends, and future
opportunities- including forecast (2024-2028) and historic data
(2018 - 2022)
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: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio