Market Report, "Cigars in Canada", published

Cigars is a category with a long history in Canada and the stereotypical public image of the cigar tends to be one of premium handmade products, often from the Dominican Republic or Cuba, smoked by powerful, wealthy and usually older men. However, due to the increasingly ageing population, stricter legislation and the growing health and wellness trend, volume sales of cigars are in decline. Nevertheless, due to the increasing popularity of travelling and more immigrants landing in Canada, the premium cigar market registered positive growth, with premium cigars regarded as good gifts.

Competitive Landscape

Cigars remained highly consolidated – the top two players accounted for 77% of retail volume sales in 2014. Scandinavian Tobacco Group led with 58%. The leading brands Colts and Old Port contributed to the dominance of the company, with volume shares of 30% and 25%, respectively. The company held the leading position in both cigars and cigarillos thanks to its portfolio of popular brands.

Full Report Details at
- http://www.fastmr.com/prod/1036668_cigars_canada.aspx?afid=301

Industry Prospects

Cigars is expected to register a negative volume CAGR of 2% over the forecast period to reach 201 million units and a negative retail value (constant 2014 prices) CAGR of 1% to reach C$650 million in 2019. Given that cigar smoking generally remains restricted to a select few cigar aficionados, the gradually decreasing prevalence of smoking in Canada, and the low appeal to the wider consumer base, trade sources expect only limited product development and marketing activity over the forecast period.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Cigars industry in Canada with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Cigars industry in Canada, our research will save you time and money while empowering you to make informed, profitable decisions.

The Cigars in Canada market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation of international and local products
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth  
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* What is the market size of Cigars in Canada?
* What are the major brands in Canada?
* What are the main distribution channels for cigars in Canada and which are performing well?

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