Luxury Cigar Market Growth $27.53 Billion By 2032 and CAGR: 7.0%

Luxury Cigar Market Size Worth $27.53 Billion By 2032 | CAGR: 7.0%


The global luxury cigar market size is expected to reach USD 27.53 billion by 2032, according to a new study by Polaris Market Research. The report “Luxury Cigar Market Share, Size, Trends, Industry Analysis Report, By Type (Hand Rolled, Machine Rolled); By Distribution Channel (Online, Offline); By Region; And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The global cigar industry has been experiencing remarkable growth in recent years, and it is expected to continue in the foreseeable future. Among all types of cigars, hand-rolled ones have gained immense popularity worldwide due to their exceptional quality. These cigars are made using carefully selected tobacco leaves and premium blends, and their hands-on rolling process allows for precise control over the blending process, resulting in complex and nuanced flavor profiles. The meticulous craftsmanship involved in hand-rolling luxury cigars is highly appreciated by smokers who seek a sophisticated and diverse flavor experience, making them the preferred choice among cigar enthusiasts.

Furthermore, hand-rolled cigars are often perceived as status symbols, carrying with them connotations of luxury and prestige. These cigars serve as symbols of refinement and sophistication, embodying a level of craftsmanship and attention to detail that aligns with a discerning lifestyle. The association of cigars with luxury is deeply ingrained in popular culture, where cigars are depicted as being enjoyed in elite and exclusive settings. This cultural imagery adds to the appeal of cigars, making them more attractive to individuals who seek to align themselves with notions of sophistication and elevated experiences often associated with luxury.

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The geographical reach facilitated by online retailers is a significant factor contributing to the appeal of purchasing luxury cigars online. Online platforms enable consumers, regardless of their location, to easily access and acquire luxury cigars from around the world. This is particularly advantageous for individuals residing in regions with limited access to physical premium cigar shops, as it broadens the market's reach and promotes inclusivity.

Additionally, online channels often feature subscription services that have gained popularity. These services offer curated selections of luxury cigars delivered directly to customers' doors at regular intervals. By doing so, subscription services not only provide a convenient and hassle-free experience for customers but also ensure a continuous supply of premium cigars. Moreover, these services introduce customers to new and diverse brands and flavors, enhancing their overall cigar-smoking experience and contributing to the discovery of a broader range of products.

Luxury Cigar Industry

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Luxury Cigar Market Report Highlights

  • Hand rolled segment dominated the market, as they are the preferred choice among high-end smokers, enjoying a pleasant moment
  • The online segment will grow significantly, as most youngsters shop from online channels for exclusive discounts & cash backs
  • North dominated the market, as the region has high net worth individuals enjoying cigars in parties and pubs and a smoking culture among youth
  • The global players include Scandinavian Tobacco, Gurkha Cigar, Davidoff, Fuente Marketing, Piloto Cigars, Royal Danish Cigars, Montecristo & Tatuaje Cigars.  

 

Polaris Market Research has segmented the luxury cigar market report based on type, distribution channel, and region:

Luxury Cigar, Material Outlook (Revenue - USD Billion, 2019 - 2032)

  • Hand Rolled
  • Machine Rolled

Luxury Cigar, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Offline
  • Online

Luxury Cigar, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

Luxury Cigar Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 15.98 billion

Revenue forecast in 2032

USD 27.53 billion

CAGR

7.0% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments covered

By Type, By Distribution Channel, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region, and segmentation.

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Request for Customized Report

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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