Overview of Cigar Popularity and History
Cigars are becoming increasingly popular again. That’s why cigar smokers are more likely to seek out a local cigar bar or smoke shop than in the past.
Millennials will drive further growth in popularity of smoking cigars. Consumption of all types of cigars has increased since 1993.
Over the past 5 years, cigar culture has grown widely. Many companies now offer cigar subscriptions. The best cigars use quality tobacco and strong wrappers.
Cigar History and Appeal
The cigar has a long, remarkable history.
The growth in disposable income drives the cigar market.
During the 1762 siege of Havana, international shipping increased. Signs indicate cigars are popular again.
Reasons for Cigar Popularity
The reasons for smoking cigars vary. It Is a Form of Celebration.
The oldest record of cigars dates back to Mayan times.
Cigars are just enjoyable and offer a unique experience.
Growth of the Cigar Industry
The global cigar market is projected to grow at a compound annual growth rate (CAGR) of 11.35% from 2023 to 2033.
The global luxury cigar market size is anticipated to reach USD 22.2 billion by 2032, exhibiting a CAGR of 7.50% during 2023-2032.
Market Trends and Players
The rising popularity of cigar lounges and social experiences is a noteworthy trend.
The global cigar market is dominated by Imperial Brand’s Altadis and the Scandinavian Tobacco Group.