Cigar Market - PMR Market Insight Report 2015 to 2021
Persistence Market Research
Cigar Market - PMR Market Insight Report
2015 to 2021
Persistence Market Research
1
Cigar Market - PMR Market Insight Report 2015 to 2021
Persistence Market Research Released New Market Report on “Cigar Market PMR Market Insight Report 2015 to 2021”.
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.
Persistence Market Research
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Cigar Market - PMR Market Insight Report 2015 to 2021
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...