Cigars - CIS
CIS- In 2024, the revenue in the Cigars market reaches a substantial amount of US$567.9m globally.
- It is projected that this market will experience an annual growth rate of 3.61% between 2024 and 2029, according to compound annual growth rate (CAGR) calculations.
- When comparing the Cigars market revenue on a global scale, United States stands out as the leader, generating a considerable revenue of US$13bn in 2024.
- This demonstrates the significant market presence and economic impact of the United States in the Cigars market.
- Taking into consideration the population figures, the per person revenue generated in the Cigars market is estimated to be US$2.73 in 2024.
- This indicator reflects the average revenue generated by each individual in relation to the total population.
- Looking ahead to 2029, the volume of the Cigars market is expected to reach 3.8bn pieces units globally.
- This signifies a growth in volume of 0.4% units in 2025.0, highlighting the gradual expansion of the market.
- In terms of per capita consumption, it is projected that the average volume per person in the Cigars market will amount to 18.3pieces units in 2024.
- This figure represents the average volume of cigars consumed per individual in the given year.
- The demand for premium cigars in the CIS market is steadily increasing, with an emphasis on Cuban and Dominican brands.
Definition:
Cigars are rolled bundles of dried and cured tobacco leaves that vary widely in size and shape, from cigarette-like cigarillos to bulging "Churchills" or "Gordos" which can measure up to 20 centimetres. Relatively low-priced Cigarillos compete in some markets with traditional cigarettes for quick nicotine-rushes while the bigger variants which take longer to smoke are a luxury item that are mostly consumed in a more leisurely way at home or on special occasions. Originating in the Americas, cigar tobacco today is still grown mostly in Central America and the Caribbean, as well as the United States, the Philippines and Indonesia. The global cigar industry is dominated by Imperial Brand's subsidiary Altadis and the Scandinavian Tobacco Group.
Additional information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit, and sales channels. To give a better representation of per capita figures, the population considered is 15 years and above. The price per unit denotes the cost of a single cigar.
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In-Scope
- Cigars such as Davidoff Nicaragua Diadema, Rock Patel Sixty Sixty, etc
- Cigarillos such as Al Capone, Black & Mild, Backwoods, etc
Out-Of-Scope
- Untaxed Cigars and cigarillos which are illegally sold
- (Filter) Cigarettes such as Marlboro Reds, Marlboro Golds, Camel Blues, etc
- Smoking Tobacco such as Marlboro Gold Fine Cut Hand Rolling Tobacco, Gold Leaf Hand Rolling Tobacco, etc
