23 May 2019, Global flavored cigar market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. These cigars are available in several flavors and tastes and in a wide range of brands like from Backwoods to Swisher Sweets, ACID, and white owl. The flavors cover the natural harshness and taste of tobacco, making commencement easier for young smokers.

The factors that are playing a major role in the growth of the market are the growing demand from young consumers, the high demand for limited edition flavored cigars and fusion of flavors cigars, and the growing demand from developing countries. However, the strict government policy against use of flavored cigars may restrain the overall market in the years to come. The market is segmented based on flavor type, product type, distribution channel, and region. Peach, cherry, sour apple, wine, strawberry, vanilla, pink berry, chocolate, grape, and other flavor types could be explored in a flavored cigar market in the forecast period.

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Machine-made flavored cigars and hand-rolled flavored cigars are the product types that could be explored in flavored cigar market in the forecast period. The machine-made cigars sector may accounted for the substantial market share of flavored cigar and is estimated to lead the overall market in the years to come. Also, the sector is estimated to continue its dominance in the years to come. The reason could be the growing young populace preferring flavored cigars, cost-efficient, and the availability in several flavors.

Based on the distribution channel, retail stores, online channels, specialty stores, and others could be explored in the market in the forecast period. The retail sector accounted for the substantial share of flavored cigar market and is estimated to lead the overall market in the years to come. Also, the online channel is estimated to grow at the fastest pace in the years to come.

 Globally, North America accounted for the substantial share of flavored cigar industry and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the increasing interest of youngsters for flavored cigars, the presence of key manufacturers in the region, and the rising disposable income. The United States and Canada are the major consumers of a flavored cigar in this region.

Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of flavored cigar in this region. The reason could be the changing lifestyle and rapid urbanization.

The key players of flavored cigar market are Miami Cigar, General Cigar, Imperial Tobacco, Drew Estate, Gurkha Cigars, Avanti Cigar, Scandinavian Tobacco Group, Alec Bradley Cigar Distributors, Davidoff of Geneva USA, and Arnold André. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

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Cigars are firmly-rolled cylindrical bundle of fermented and dried tobacco which is ignited and smoked by drawing in the mouth. Cigar tobacco is mostly grown in Latin America, Philippines, Eastern United States, Spain and Italy. Cigar is considered to be a status symbol by many and is more prevalent in European countries within premium segment.

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The Cigars market across the globe is expected to show a single digit increase in CAGR growth by the year 2019. There is a significant increase in the Cigar market due to the usage of Cigar in multiple occasions such as social parties, birthday parties, colleges and among corporate.

The key drivers of this market include the addition of smokers to inhale and cigars are considered superior than cigarettes due to lower levels of nicotine. Rising middle class, culture shift and affluent life style are among other driving forces in cigar consumption. Restraining factors could be plethora of government regulations and ban on tobacco production and consumption in several countries. In addition growing health concerns and aging of population act as another major restrains to consumption of Cigar. Major distribution channels are supermarkets, speciality stores and departmental stores.

The Cigar market can be segmented into three major types on the basis of composition as wrappers, fillers and binders. It can also be segmented on the basis of shape and size as Parejo, Figurado, Pyramid, Culebras, Tuscanian and Little Cigars. In this report we have segmented the market geographically into North America, APAC, Europe and RoW regions.

Some of the key players in the Cigar market are Finck Cigar Company, ITC Limited, Altadis, General Cigar Company Inc., Partagas cigars, Perdomo cigars, Oliva cigars, Rodrigo cigars, Paul Stulac cigars, and Rocky Patel cigars.

Key geographies evaluated in this report are:

• North America
  • U.S.
  • Canada

• Europe
  • France, Germany, Italy, Spain, and the UK
  • Eastern Europe
  • CIS

• APAC
  • China
  • India
  • Japan
  • Australia
  • Others

• Latin America
• Argentina
• Brazil
• Others

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Key features of this report:

• Drivers, restraints, and challenges shaping the Cigar market dynamics
• Latest innovations and key events in the industry
• Analysis of business strategies of the top players
• Cigar market estimates and forecasts(2015 -2021)

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