Product ID: UCMIG30J2008
Report ID:
UCMIG30J2008 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2018, the market for cigars and cigarillos was worth USD 16.99 billion worldwide. During the projection period, it is anticipated to grow at a CAGR of 3.1%. Due to the rise in the number of premium hotels with cigar lounges, the global market is predicted to develop significantly. Such lounges and bars are emerging in luxury hotels and restaurants as a result of the global prohibition on smoking in public places. For instance, the DUKES Hotel in London welcomes its cigar- and cognac-loving guests to the lawn. In the hotel's own courtyard, a variety of cognacs are offered to go with Cuban cigars.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Tobacco by segment aggregation, the contribution of the Tobacco in Food, Beverage & Tobacco and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG30J2008