Global Tobacco Market In Cuba to Grow by USD 1.67 Bn, Cigar to be the Largest Revenue-generating Product Segment – Technavio – QNT Press Release

NEW YORK, Nov. 1, 2022 /PRNewswire/ — The “Tobacco Market in Cuba by Product and Type – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. The potential growth difference for the tobacco market in Cuba between 2021 and 2026 is USD 1.67 billion. To get the exact yearly growth variance and the YOY growth rate, Download the Sample Report.

Tobacco Market In Cuba: Market Segmentation
  • Product
    • Cigar
    • Others
  • Type
    • Combustible tobacco products
    • Smokeless tobacco products
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Revenue Generating Product Segment Analysis

The tobacco market share growth in Cuba by the cigar segment will be significant during the forecast period. Cigar tobacco leaves are aged for about a year before being fermented in a multi-step process that takes anywhere between three to five months. Cigars have higher nicotine content. Little cigars are frequently flavored (eg, chocolate, cherry, apple, mango). They are available in packs of 20 or individually. The top markets for Cuban cigars are Spain, China, Germany, Franceand Switzerland. Habanos SA, Cuba’s state-owned cigar manufacturer, claimed record sales of their renowned hand-rolled cigars in 2021. Such high revenue generation will boost its demand in the market in the coming years.

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Tobacco Market In Cuba Market 2022-2026: Scope

The tobacco market report in Cuba covers the following areas:

Vendor Landscape

The tobacco industry in Cuba is fragmented owing to the presence of numerous regional as well as global vendors. Furthermore, the current market includes companies of varying sizes; some offer a more diversified product range than others. The vendors in the market compete on the criteria of price, quality, innovation, service, packaging, brand image, distribution, and promotion. Any product innovation by one player in the market can render products from other vendors obsolete or uneconomical.

Major Companies and their Offerings:
  • Brascuba Cigarrillos SA – The company offers tobacco brands such as Cohiba, H. Upmann, and Popular.
  • Partagas – The company offers tobacco brands such as Partagas Cortado, Partagas Black Label, Partagas Legend and Partagas Extra Oscuro.
  • China Tobacco International Co. Ltd.
  • General Cigar Co. Inc.
  • Habanos SA
  • Imperial Brands Plc
  • Philip Morris International Inc.

To gain access to more vendor profiles with their key offerings available with Technavio, Buy Now Our Full Report

What our reports offer:
  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2020, 2021, until 2025
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping…

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