Cigar Market to Grow due to Development of Emerging Economies and Rising Influence of Media

Published Date : Mar 28, 2016

ALBANY, New York, March 28, 2016 - has added a report, titled ‘Global Cigar Market: Trends & Opportunities (2014-2018),’ to its repository. This report presents a comprehensive outlook of the market for cigars. The study helps in gaining knowledge on the present trends within the market along with the future outlook of the market in the coming four years. The study is a lucrative piece of information for numerous distributors, manufacturers, suppliers, and industry consultants operating in the market for cigars and helps them gain knowledge on the key market-centric strategies. The market analytics as well as data is derived from both secondary as well as primary research. The study also encapsulates an extensive review on the key regions, product innovations, challenges, opportunities, and growth drivers.

The introductory section of the report entails an reports on the global cigar market and presents the current size of the market along with its growth prospects by the end of the forecast horizon. Moving further, the study throws light on the segments, elaborating the premium cigar segment, mass cigar segment, and Cuban cigar segment. All of these segments have been evaluated on the basis of their current size and growth prospects. Amongst these, Cuban cigars are the most popular types of cigars globally.

Next in the report is a regional reports of the market for cigars. The prime regions covered in the report are that of Europe and North America. Within North America, the U.S. cigar market has been analyzed on the basis of volume along with mentioning the current and the forecasted volume by the end of the forecast horizon. The report states that within the U.S., flavored cigars have been gaining traction due to the increasing consumption of flavored cigars by first-time smokers and teenagers in this region.

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Similarly, key countries dominant in the cigar market within the European region, such as, Spain, Germany, and the UK have also been evaluated on the basis of volume. Moving further, the Chinese cigar market has also been evaluated under this section of the report. China has emerged as a major market for the manufacturers of cigars owing to the increasing consumption of cigars within this country.

In the next chapter of the report, the major growth drivers as well as challenges in the market for cigars have been presented. As per the report, the chief factors fuelling the growth of the global cigar market include the development of emerging economies, the gradual shift towards cigars from cigarettes, and the rising influence of the media. On the other hand, factors such as the hazardous impact of cigars on human health, bans on smoking within Europe and the U.S., the impact of economic instability, and the taxation policies are amongst the prime factors inhibiting the growth of the cigar market. The prime companies operating in the global cigar market are Imperial tobacco, Swedish Match, and Habanos, among others.

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