Despite the increase of regulations and rules imposed by the U.S. Food and Drug Administration (FDA), North America is the biggest region for cigars and cigarillos and has the best opportunity for growth. The Asia Pacific region is expected to boost the cigarillo and cigar market due to rising popularity among youth. China is also emerging as a popular region for cigarillo and cigar products. The U.S. is also emerging as a popular market for these products because of having a lower tax rate for cigarettes compared to other countries. This study suggested that cigarillos and cigarettes can expect growth since they are not controlled by the Family Smoking Prevention and Tobacco Control Act, which has banned the sell of nearly 20 cigarettes and flavored cigarettes in the U.S.
You can find a summary of Zion Market Research’s study by clicking here.
