Industry Background:
A cigar refers to rounded container of dried and fermented tobacco leaves used for smoked. It is made with premium tobacco. Cigars contains poisonous and cancer causing chemicals which is hazardous to smoker as well as non-smoker. One cigar contain 200mg nicotine and Cigarettes contain 8mg. Cigarette’s smoke not only voyages to lungs but also absorbs more nicotine into blood steam than cigars which makes it more harmful.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Global Premium Cigars (United States), Graycliff (United States), Cigars International (United States), Davidoff (Switzerland), Japan Tobacco Inc. (Japan), Scandinavian Tobacco Group A/S. (Denmark), British American Tobacco (United Kingdom), Imperial Brands (United Kingdom), Akij Group (Bangladesh), Altria Group, Inc. (United States) and Habanos (Altadis SA) (Spain) |
This growth is primarily driven by Symbol of Luxuries Life, Rising Demand Due to Introduction of New Flours, Growing Dependency on Nicotine Addiction and Attraction towards of Western Life Style.
Globally, a noticeable market trend is evident Increasing Popularity in Young Generations
The Tobacco sector in the Europe region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Global Premium Cigars (United States), Graycliff (United States), Cigars International (United States), Davidoff (Switzerland), Japan Tobacco Inc. (Japan), Scandinavian Tobacco Group A/S. (Denmark), British American Tobacco (United Kingdom), Imperial Brands (United Kingdom), Akij Group (Bangladesh), Altria Group, Inc. (United States) and Habanos (Altadis SA) (Spain), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 6th August 2018, Japan Tobacco Inc. Group has acquired Tobacco Business of Akij Group, the second largest tobacco company in Bangladesh for growing their occurrence in Asia. The deal was established for 124.3 billion dollar.
On 22 May 2018, Altria Group, Inc. introduces a new structure to exploit its core tobacco businesses and Envi Cigar has introduces two cigar products.
Regulatory Insights:
On June 22, 2009, President Barack Obama signed into law the Family Smoking Prevention and Tobacco Control Act, giving the U.S. Food and Drug Administration (FDA) comprehensive authority to regulate the manufacturing, marketing, and sale of tobacco products. The new law (H.R. 1256) represents the most sweeping action taken to date to reduce what remains the leading preventable and cause of death in the United States.
Influencing Trend:
Increasing Popularity in Young Generations and Fueling Demand of Smoking Areas in Hospitality Industries
Market Growth Drivers:
Symbol of Luxuries Life, Rising Demand Due to Introduction of New Flours, Growing Dependency on Nicotine Addiction and Attraction towards of Western Life Style
Challenges:
Government Regulations Over Advertisement
Restraints:
Rising Concern about Health and Fitness, Increasing Nicotine Base Diseases Including Cancer and Customers Inclination towards Various Brands
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Cigars Market
- Analysis about New Entrants in Cigars Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Cigars Study Sheds Light on
The Cigars Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cigars industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cigars industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.