Posts
Cigarillo usage is very common among younger adults in the US.
Many younger individuals use cigarillos in place of cigarettes, cigarillos have
no actual tobacco, instead, it is made up of marijuana that is rolled into a
coil and smoked. Due to their availability, they provide a wide variety of
flavors and packaging styles, especially compared to cigarettes. Cigarillos can
also be smoked without any visible ash, which allows people to be used for
smoking while traveling. Cigarillos can also be smoked without ash.
The rising number of cigar and cigarillo smokers around the globe
is driving the market growth. The growing number of cigar parlor and lounge,
across developed regions, is again contributing to market growth. Shifting
women's preferences towards cigars
and cigarillo is also projected to foster market growth. For instance, in
June 2019, El Septimo Geneva SA, a La Grande Maison Younan Collection company,
has introduced the Alexandra Collection: a new line of cigars designed
exclusively for women. Growing manufacturer's focus towards expanding the
distribution channel of premium cigar products in order to reach the target consumer
is further anticipated to propel the market growth of cigar and cigarillo.
On the other hand, the high cost of cigars and cigarillos and
growing health awareness among consumers are major factors restricting the
market growth of the cigar and cigarillo.
North America is expected to gain significant growth over the
forecast period and this is attributed to the presence of a high number of
smokers in the region. According to the National Center for Chronic Disease
Prevention and Health Promotion, in 2018, an estimated 12.2 million people in
the United States aged 12 years or older (or 4.5%) were cigar smokers. In 2018,
among middle and high school students who used cigars in the past 30 days,
43.6% reported using a flavored cigar during that time
Key Developments:
1. In July
2019, Habanos, S.A., through its exclusive distributor for Switzerland,
Intertabak AG, launch the new cigar band of the Punch brand, Short de Punch
(clamp or diameter of 5 per 120 millimeters long).
2. In June
2019, European company Royal Agio Cigars has collaborated with cigarmaker Litto
Gomez of La Flor Dominicana fame for a new brand that will be showcased at
Royal Agio’s. The new cigar is made at Gomez’s Tabacalera La Flor S.A. factory
in the Dominican Republic and combines tobaccos from the inventories of both
Gomez and Royal Agio
3. In September
2019, Scandinavian Tobacco Group has announced the acquisition of all of the
shares of Agio Beheer B.V. from Highlands Beheer B.V. Agio Beheer B.V. is the
holding company of the Royal Agio Cigars group of companies
4. In March
2019, Oliva Cigar Co. has expanded the production of its lighter-hued cigars,
such as Oliva Connecticut Reserve. Moreover, Oliva also opened a new factory
for making cigar boxes
No comments:
Post a Comment