India cigar and cigarillos market is estimated to be valued at USD 3.0 Mn in 2024, exhibiting a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031. Cigars have traditionally been a popular luxury good among the affluent sections of the Indian society. However, changing lifestyles and increasing exposure to global trends have made cigars more mainstream. The market benefits from rising disposable incomes, expanding distribution channels, and availability of different price variants. While hand-rolled and premium cigars appeal to the premium segment, the mass market is driven by machine-made and lower priced cigarillos.

Market Dynamics:

The India cigar and cigarillos market is driven by growing acceptance of cigars as a casual product for leisure. Changing lifestyles and increasing exposure to global trends have make cigars more popular among young urban populations. However, regulations around consumption and promotion continue to restrain the market growth. The ban on displaying tobacco products at sales points and restriction on advertising impacts branding and visibility of cigar brands. Moreover, increasing health awareness and priority on wellness limits overall demand for tobacco products. Nevertheless, new opportunities lie in exploring premium and hand-crafted varieties that appeal to experienced consumers. Market players such as AJF Cigar focusing on novelty and rare varieties can also unlock potential in the growing premium segment.

Key Features of the Study:

- This report provides in-depth analysis of the India cigar and cigarillos market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

- It profiles key players in the India cigar and cigarillos market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

- Key companies covered as a part of this study include AJF Cigars, Boutique Blends Cigars, Fenn Thompson & Co., Royal Cigar Works, Gurkha Cigar Group, Imperial Brands, Joya De Nicaragua, S.A., Scandinavian Tobacco Group, Swedish Match AB, and Swisher

- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

- The India cigar and cigarillos market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the India cigar and cigarillos market

Market Segmentation

• By Product Insights (Revenue, USD, 2019 - 2031)
• • Mass Cigar
  • Premium Cigar
• By Flavor Insights (Revenue, USD, 2019 - 2031)
• • Tobacco / No Flavor
  • Flavored
  • Fruit
  • Mint
  • Chocolate
  • Others
• By Distribution Channel Insights (Revenue, USD, 2019 - 2031)
• • Hypermarkets & Supermarkets
  • Specialty Stores
  • Online
  • Others
• Key Players Insights
• • AJF Cigars
  • Boutique Blends Cigars
  • Fenn Thompson & Co.
  • Royal Cigar Works
  • Gurkha Cigar Group
  • Imperial Brands
  • Joya De Nicaragua, S.A.
  • Scandinavian Tobacco Group
  • Swedish Match AB
  • Swisher