Global Cigar Market is valued USD 17.04 Billion in 2019 and is projected is to exhibit 3.86% CAGR during the forecast period. The market is projected to be around USD 22.95 Billion by 2026. The market is driven by the increase in stress in day to day life.

Cigars made to be smoked, which is a rolled bundle of dried and fermented tobacco leaves. They are produced in different sizes and shapes. Almost all cigars are made of three distinct components s the filler, the binder leaf which holds the filler together, and a wrapper leaf, which is usually the best leaf used.
Cigar Market Dynamics
Now stress has become a part of everyone’s life. Stress comes in many different forms; it can be an event, something that happens in life or response to the event or what happens. There’s no way to avoid stress completely, but we can change how he/she work through stressful events, situations, and emotions. Not all stress is negative and what is stressful for one person may not be stressful for another person. Therefore, some people smoke when they feel stressed to get relief from stressful situations for some time or as a way to cope.

Cigar contains nicotine, a psychoactive or mood-altering drug. When a person smokes, nicotine reaches the brain and causes the release of a chemical called dopamine. Dopamine causes feelings of pleasure and relaxation, sensation the body wants again and again. Due to this people also get addicted to smoking, which further increases the demand for cigars. Therefore, stressful lifestyles are driving the growth of the global market.
Cigar Market Insight
North America holds the major market share of the global Cigar Market. This is primarily due to the presence of major manufacturers such as Altria Group, Habanos, S.A., and Swisher International Group. Moreover, due to the high personal disposable income and large number of both male and female smokers in the region. Furthermore, the consumption of cigar tobacco is grown in significant quantities primarily in Central America and the islands of the Caribbean, including Cuba, the Dominican Republic, Haiti, Mexico, Ecuador, Nicaragua, Panama, Guatemala, and Puerto Rico.
Cigar Market Segmentation
The global Cigar Market is segmented into Product Type, Distribution Channel, and region. On the basis of the Product Type the market is divided into conventional cigar, premium cigar. Based on Distribution Channel the market is segmented into convenience stores, multioutlets, online stores, and other distribution channels. And based on the geography the market is further segregated into North America, Latin America, Europe and Asia Pacific.
Cigar Market Competitive Landscape
The key players in Cigar Market are listed as Agio Cigars, Altria Group, Burger Söhne AG, China National Tobacco Corporation, Habanos S.A., Imperial Brands Plc, J. Cortès cigars, Scandinavian Tobacco Group A/S, Swedish Match AB, Swisher International Group, Inc., and Others.