Market Share of Cigar Industry
The cigar market is competitive, with the strong presence of regional as well as global players. Well-established companies with international brands have a higher penetration rate across retail shelves, primarily because of business expansion and a high consumer preference 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 through innovations in their product portfolio. Companies compete based on different factors, including product offerings, quality, packaging, price, and different flavors, to gain a competitive advantage in the market.
Cigar Market Leaders
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Imperial Tobacco Group
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Swisher International Group Inc.
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Altria Group Inc.
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Scandinavian Tobacco Group AS
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Phillip Morris International
*Disclaimer: Major Players sorted in no particular order
