Luxury Cigar Market is expected to expand at a CAGR of 7.2% from 2021 to 2028
Luxury Cigar Industry Overview The global luxury cigar market size is expected to reach USD 20.25 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.2% from 2021 to 2028. Rising consumption of tobacco across the globe is anticipated to drive the luxury cigar industry. The growing demand for high-quality smooth flavor cigars, such as Arturo Fuente Don Carlos, Mayan Sicars, El Gigante by Gran Habano, and Gurkha Black Dragon, is likely to fuel the overall demand. Luxury Cigar Market Segmentation Grand View Research has segmented the global luxury cigar market on the basis of type, distribution channel, and region: Based on the Type Insights, the market is segmented into Hand Rolled and Machine Rolled The hand-rolled segment held the largest revenue share of over 75.0% in 2020 and is expected to maintain its lead over the forecast period. Hand-rolled cigars have better popularity among prem...