LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global flavored cigar market report until 2021. This research report also lists nine other prominent vendors that are expected to impact the market during the forecast period.
The research study by Technavio on the global flavored cigar market for 2017-2021 provides a detailed industry analysis based on the flavors (fruit-flavored and non-alcohol-flavored), the product (hand-rolled and machine-made), and geography (the Americas, EMEA, and APAC).
“The global flavored cigar market is projected to grow to nearly USD 19 billion by 2021, at a CAGR of more than 8% over the forecast period. The high appeal of flavored cigars among young adults is a key factor boosting the growth of the market,” says Sharan Raj, a lead analyst at Technavio for food research.
Competitive vendor landscape
The global flavored cigar market is characterized by rapidly changing consumer demands and preferences, economic conditions, and the living standards of customers. The market is highly fragmented with the presence of numerous small and large vendors who compete based on factors such as price, quality, innovation, reputation, and distribution. Intense competition among players with rapid technological changes constitutes a significant risk factor players' businesses. Players in the market adopt strategies such as omnichannel retailing, packaging strategies, sampler strategies, and partnerships to grow in the competitive market.
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Top five vendors in the global flavored cigar market
General Cigar is a manufacturer and marketer of premium cigars. It holds a portfolio of brands like Macanudo, Cohiba, Partagás, La Gloria Cubana, CAO, Hoyo de Monterrey, Excalibur, Foundry, and others.
Drew Estate specializes in manufacturing and supplying various brands of cigars. It has been operating as a subsidiary of Swisher International. Its key brands include ACID Cigars, ACID Krush Classic Cigars, Undercrown Shade, Undercrown Cigars, Liga Privada No. 9 Cigars, Liga Privada T52 Cigars, and Liga Privada Unico Serie Cigars.
Gurkha Cigars is known for its limited-edition release of luxury cigars and rare tobacco products with aesthetically appealing packaging. The company focuses on expanding its portfolio of luxury cigars and incorporate different flavors to attract consumers.
Imperial Tobacco has businesses in countries like the UK, Poland, Russia, and Ukraine. It has subsidiaries in Germany, Spain, and France. It includes three types of brands - Growth brands such as Gauloises Blondes, Davidoff, JPS, West, and Fine; specialist brands such as Style, Gitanes (cigarettes), Drum Route 66 (fine cut tobacco), and Golden Virginia; and portfolio brands.
Miami Cigar is a full-service premium cigar distributor and holds brands like La Aurora, Tatiana, and Nestor Miranda.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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