What is Global Handmade Cigars Market?
The Global Handmade Cigars Market is a vast and dynamic sector that encompasses the production, distribution, and sale of handmade cigars worldwide. This market is not just about the business transactions, but it also reflects a rich tradition and culture that dates back centuries. Handmade cigars, unlike machine-made ones, are crafted with utmost care and precision by skilled artisans. Each cigar is a work of art, rolled meticulously using high-quality tobacco leaves. The global market for these premium products was valued at a significant US$ 1853.7 million in 2022. This value is not static, however, as the market is projected to grow and reach a worth of US$ 2381.4 million by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 3.6% during the forecast period of 2023-2029. The market is populated by numerous players, but Habanos stands out as the largest one, holding a market share of 19.13% in 2018.
>6.5 Inches, 5-6.5 Inches, <5 Inches in the Global Handmade Cigars Market:
The Global Handmade Cigars Market is segmented based on the size of the cigars. These segments include >6.5 Inches, 5-6.5 Inches, and <5 Inches. The >6.5 Inches segment refers to cigars that are longer than 6.5 inches. These cigars are typically preferred by seasoned smokers who enjoy a long, leisurely smoke. The 5-6.5 Inches segment includes cigars that are medium-sized. These cigars offer a balanced smoking experience, making them popular among both beginners and experienced smokers. The <5 Inches segment comprises cigars that are smaller in size. These cigars are ideal for those who prefer a quick smoke. Each of these segments has its unique characteristics and caters to different consumer preferences. The size of a cigar can influence its flavor, burn time, and overall smoking experience. Therefore, understanding these segments is crucial for players in the Global Handmade Cigars Market.
Male Smokers, Female Smokers in the Global Handmade Cigars Market:
The Global Handmade Cigars Market caters to a diverse range of consumers, including both male and female smokers. Male smokers have traditionally dominated the market. However, the market is witnessing a gradual increase in the number of female smokers. This shift is due to changing societal norms and increasing acceptance of women smokers. For male smokers, handmade cigars are often associated with status and sophistication. On the other hand, female smokers tend to appreciate the craftsmanship and quality of handmade cigars. The market is evolving to cater to these different consumer preferences. For instance, some manufacturers are producing smaller, milder cigars to appeal to female smokers. Understanding these consumer dynamics is essential for players in the Global Handmade Cigars Market.
| Report Metric | Details |
| Report Name | Handmade Cigars Market |
| Accounted market size in 2022 | US$ 1853.7 million |
| Forecasted market size in 2029 | US$ 2381.4 million |
| CAGR | 3.6% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Imperial Tobacco Group, Swisher International, Scandinavian Tobacco Group, Habanos, Agio Cigars, J. Cortès cigars, Oettinger Davidoff, Plasencia Cigars, China Tobacco |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
