Market Insights Consumer Tobacco Products

Cigars - United States

United States

In 2024, the revenue in the Cigars market in the United States reached an impressive €12.2bn.
It is projected that this market will experience an annual growth rate of 4.34% from 2024 to 2028 (CAGR 2024-2028).
When compared globally, in the United States stands as the leading contributor to the revenue in this segment, accounting for the same amount of €12.2bn in 2024.
Taking into consideration the total population figures, the per person revenue generated in the Cigars market amounted to €40.34 in 2024.
Looking ahead to 2028, the volume in the Cigars market is expected to reach an impressive 16.9bn pieces.
Additionally, a growth rate of 1.5% is projected for the year 2025.
Furthermore, the average volume per person in the Cigars market is expected to be 53.1pieces in 2024.
The United States has seen a resurgence in the popularity of premium cigars, with an increasing number of aficionados seeking out rare and aged tobacco blends.

Key regions: India, United States, Worldwide, United Kingdom, China

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Analyst Opinion

Cigars (including cigarillos) constitute a niche segment within the Tobacco Products market which, in recent years, has nevertheless attracted significant attention as a potential growth driver. Just as craft beers or premium spirits, cigars might buck the general secular trend of declining alcohol and tobacco volumes sales at large as sophisticated consumers might consume less in total but could at the same time be willing to spend more on each individual occasion to maximize indulgence.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Cigars.

Modeling approach:

The segment size is determined through a bottom-up approach. In order to analyze the markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., Statista Consumer Insights), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as smoking rates, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing and regression analysis. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Consumer Insights data is reweighted for representativeness.