Market Share of Cigar Industry
The cigar market is competitive, with the strong presence of regional and global players. Well-established companies with international brands have a higher penetration rate across retail shelves, primarily because of business expansion and a higher consumer preference share across developed and developing markets. Some major players in the market include Swisher International Group, Imperial Brands PLC, Philip Morris International Inc., China National Tobacco Corporation, and Altria Group Inc. The major companies are increasing their market share based on the increased innovation in their product portfolio. To gain a competitive advantage in the market, companies compete on different factors, including product offerings, quality, packaging, and price, and by offering various flavors.
Cigar Market Leaders
Imperial Tobacco Group
Swisher International Group Inc.
Altria Group Inc.
China National Tobacco Corporation
Philip Morris International Inc
*Disclaimer: Major Players sorted in no particular order
