Rising inflation, higher excise taxes and a decline in smoking prevalence are expected to impact overall demand over the forecast period. Categories with higher unit prices, such as cigars and pipe tobacco, will be most affected, and consumers may struggle to find a diverse range of products in local retailers.
Cigar and cigarillos in Canada are likely to witness stable growth in the short term despite some pressing challenges. These products should remain popular among certain niche consumer groups, such as older individuals or those who are interested in premium, luxury products.
Over the next five years, the demand for premium cigars is expected to grow, fuelled by a discerning consumer base and a thriving luxury market. Despite declining tobacco volumes overall, consumers are willing to spend more on high-quality, indulgent experiences.
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Understand the latest market trends and future growth opportunities for the Cigars, Cigarillos and Smoking Tobacco industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Cigars, Cigarillos and Smoking Tobacco
This report originates from Passport, our Cigars, Cigarillos and Smoking Tobacco research and analysis database.
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