Flavored Cigar Market Global Demand, Industry Trends, and Forecasts, 2018 - 2023
The factors that are playing a major role in the growth of the Flavored Cigar Market are the growing demand from young consumers, the high demand for limited edition flavored cigars & fusion of flavors cigars.
(firmenpresse) - 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.
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 Andr
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consumer-goods-industry
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Datum: 03.01.2020 - 04:41 Uhr
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