According to the latest market report published by Persistence Market Research, titled “Global Market Study on Cigars & Cigarillos: Driven by Increasing Adoption of Flavored Cigars & Cigarillos Among Young Adults”, the cigars & cigarillos market is estimated to be valued at US$ 18,044.3 Mn by the end of 2015 and is anticipated to expand at a CAGR of 2.8% over 2015 - 2025 in terms of value, to reach a market value of US$ 23,857.9 Mn by 2025.
Fermented and dried tobacco leaves are tightly rolled to form cigars and cigarillos. Both cigars and cigarillos come in various size, length, and thickness. In recent years, cigars and cigarillos have gained more popularity among young adults. Owing to the increasing popularity and part of the status symbol, manufacturers are offering cigars and cigarillos in various flavors.
Moreover, in some countries, the tax on cigars and cigarillos is low, this is likely to drive the ... Read more
