U.S. Luxury Cigar Market Size & Outlook, 2023-2030
Related Markets
U.S. luxury cigar market highlights
- The U.S. luxury cigar market generated a revenue of USD 3,647.2 million in 2023 and is expected to reach USD 6,124.4 million by 2030.
- The U.S. market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, hand rolled was the largest revenue generating type in 2023.
- Hand Rolled is the most lucrative type segment registering the fastest growth during the forecast period.
Luxury cigar market data book summary
| Market revenue in 2023 | USD 3,647.2 million |
| Market revenue in 2030 | USD 6,124.4 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Hand rolled |
| Fastest growing segment | Hand Rolled |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hand Rolled, Machine Rolled |
| Key market players worldwide | Scandinavian Tobacco Group A/S, Gurkha Cigar Group, Davidoff of Geneva, Arturo Fuente Coffee, Cigars Direct, Casa de Montecristo |
Other key industry trends
- In terms of revenue, U.S. accounted for 25.5% of the global luxury cigar market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. luxury cigar market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 6,124.4 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Luxury Cigar Market Scope
Luxury Cigar Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Casa de Montecristo | View profile | 101-250 | Burlington, North Carolina, United States, North America | https://www.casademontecristo.com |
| Cigars Direct | View profile | 1-10 | Tampa, Florida, United States, North America | https://www.cigarsdirect.com |
| Arturo Fuente Coffee | View profile | 1-10 | Pittsburgh, Pennsylvania, United States, North America | https://www.afuentecoffee.com/ |
| Davidoff of Geneva | View profile | - | Las Vegas, Nevada, United States, North America | https://us.davidoffgeneva.com/ |
| Gurkha Cigar Group | View profile | 11-50 | Tamarac, Florida, United States, North America | https://www.gurkhacigars.com |
| Scandinavian Tobacco Group A/S | View profile | 10141 | Sandtoften 9, Gentofte, Denmark, 2820 | https://www.st-group.com |
U.S. luxury cigar market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to luxury cigar market will help companies and investors design strategic landscapes.
Hand rolled was the largest segment with a revenue share of 75.58% in 2023. Horizon Databook has segmented the U.S. luxury cigar market based on hand rolled, machine rolled covering the revenue growth of each sub-segment from 2018 to 2030.
Millennials are reshaping the market for luxury cigars in the U.S. Their preferences, behaviors, and values differ significantly from previous generations, and these distinctions have made a marked impact on the luxury cigar industry.
According to the U.S. Department of Health & Human Services, large cigars, cigarillos, and little cigars constitute the three primary types of cigars marketed in the U.S. In 2022, cigars stood as the second most prevalent tobacco product used by students in middle and high schools across the country. This surge in popularity has raised significant concerns due to the availability of flavors like cherry, which are prohibited in cigarettes.
Additionally, affluent individuals significantly influence the luxury cigar market in the U.S. due to their substantial purchasing capability and lifestyle preferences linked to their socioeconomic status. For many high-income consumers, luxury cigars hold more significance than a mere smoking product; they serve as a representation of status and exclusivity.
Reasons to subscribe to U.S. luxury cigar market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of U.S. luxury cigar market databook
-
Our clientele includes a mix of luxury cigar market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. luxury cigar market , including forecasts for subscribers. This country databook contains high-level insights into U.S. luxury cigar market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
U.S. luxury cigar market size, by type, 2018-2030 (US$M)
U.S. Luxury Cigar Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
