India Cigar And Cigarillos Market Growth Accelerated By Increased Product Awareness

 

INDIA CIGAR AND CIGARILLOS MARKET
India Cigar And Cigarillos Market 


Cigars and cigarillos are smoked as a recreational product for their distinct aroma and flavor. Cigars contain tobacco that is fermented and dried, wrapped in tobacco leaf or contains a tobacco blend. Cigarillos are smaller than regular cigars and contain blends of finely cut tobacco. Cigars and cigarillos serve various benefits including stress relief and aid in relaxation.

The global India Cigar And Cigarillos Market is estimated to be valued at US$ 3659.92 Bn in 2024 and is expected to exhibit a CAGR Of 10.% over the forecast period 2024 To 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends driving the growth of the India cigar and cigarillos market is increased product awareness. Various companies in the market are undertaking numerous marketing initiatives to raise awareness about different types of cigars and cigarillos and their benefits. They are promoting cigar smoking as a luxury experience rather than just tobacco smoking. Companies showcase various cigar blends and sizes through offline as well as online channels to attract new consumers. This has increased the trial rates for cigars and cigarillos among youth and adults, thereby accelerating the market growth over the forecast period.

Segment Analysis


The India cigar and cigarillos market is dominated by the premium segment. This segment accounts for nearly 35% share of the overall market Currently, the Indian consumers are more attracted towards costly and premium brands of cigars and cigarillos which offers an enhanced smoking experience. The rising trend of social smoking and increasing disposable income has further encouraged the growth of premium segment in the country.

Key Takeaways


The Global India Cigar And Cigarillos Market Demand is expected to witness high growth.

Regional analysis:

The Indian cigar and cigarillos market is anticipated to grow at fastest pace in South region during the forecast period. The rising population of young smokers, growing trend of social drinking and spending on luxury goods has augmented the demand for cigars and cigarillos in South Indian states like Andhra Pradesh, Telangana and Karnataka.

Key players operating in the India cigar and cigarillos market are Acuity Brands Lighting Inc.,Cree Lighting,Dialight,Digital Lumens Inc.,Hubbell,LSI Industries Inc.,LumiGrow,Panasonic Corporation,Siteco GmbH,Signify Holding,Semiconductor Co. Ltd.,Zumtobel Group Ag.

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