About Flavored Cigar
A flavoured cigar is a rolled bundle of dried and fermented tobacco leaves with a variety of flavour which is made to be smoked. They are produced in a wide variety of sizes, shapes and flavour. Present market is acquiring a huge customers due to flavour presence. Youth are more inclined towards the flavoured cigar as they fined substitute to the traditional cigarette
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.4% |
Key players are adopting numerous strategy to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnership to adopt certain technologies and acquiring small players to finish competition in the future. As well as investing money in R&D sector to make technical up-gradations in the manufacturing process of the product. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Flavored Cigar market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
General Cigar (United States), Drew Estate (United States), Gurkha Cigars (United States), Imperial Tobacco (United Kingdom), Miami Cigar (United States), Arnold Andre (Germany), Avanti Cigar (United States), Oliva Cigar Family (United States), Rocky Patel (United States), Alec Bradley Cigar Distributors (United States), Scandinavian Tobacco Group (Denmark), Swisher Sweets (United States) and Bobalu Cigar Company (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Flavored Cigar market by Type (Hand-rolled flavored cigars and Machine-made flavored cigars) and Region.
On the basis of geography, the market of Flavored Cigar has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. If we see Market by End User, the sub-segment i.e. Retail stores will boost the Flavored Cigar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Flavor type, the sub-segment i.e. Fruit/candy will boost the Flavored Cigar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Personalized flavored cigars are common among consumers and Customization and discount in actual rate
Market Growth Drivers:
Cigars infused with different flavors like cherry, grapes, chocolate, and strawberry, becoming popular among the youth consumer segment
Challenges:
Difficulty in consumers to switching to flavored cigars by the veteran cigar consumers
Restraints:
Stringent government regulations with respect to the market product
Opportunities:
Advancement in the present product creating a market acquisition by the consumers
Market Leaders and their expansionary development strategies
In June 2023, Drew Estate MUWAT KFC entered into his collaboration between Drew Estate and Kentucky Fried Chicken offered a limited-edition cigar infused with "Kentucky Fried Chicken flavor." It attracted both intrigued and skeptical reactions.
In April 2023, the FDA finalized a rule banning menthol cigarettes and flavored cigars in the United States, citing their appeal to youth and potential to harm public health.
Key Target Audience
Flavored Cigar Manufacturers, Flavored Cigar Distributors/Traders/Wholesalers, Flavored Cigar Subcomponent Manufacturers, Industry Association and Downstream Vendors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.