Report Published: "Cigars in Saudi Arabia"
New Consumer Goods research report from Euromonitor International is now available from Fast Market Research
[UKPRwire, Fri Dec 05 2014] The cigar category in Saudi Arabia witnessed strong growth over the review period due to increasing consumer awareness and growing knowledge about the different types and grades of cigar. The most popular products are premium handmade cigars, mainly manufactured in Cuba. This is largely due to the growing number of cigar specialists in Saudi Arabia’s major cities, with knowledgeable staff able to advise and educate consumers and a variety of cigars ranging in price from SR300-500 per unit.
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In 2013, the cigar category continued to be led by Villiger Söhne with a 29% volume share. The company is famous for its Villiger brand, which remained the most popular cigar in Saudi Arabia in 2013.
The category is set to continue to perform well over the forecast period, posting both a volume and value CAGR of 8% at constant 2013 prices. Due to higher disposable incomes in Saudi Arabia and more social gatherings among the elite, top executives and businessmen, cigar smoking is expected to continue to increase in popularity. The category is also expected to benefit from greater product awareness and the increased knowledge of cigar enthusiasts. This is expected to encourage specialist cigar shops like La Casa Cubana to introduce new varieties of cigars and open even more outlets.
Discover the latest market trends and uncover sources of future market growth for the Cigars industry in Saudi Arabia 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 Saudi Arabia, our research will save you time and money while empowering you to make informed, profitable decisions.
The Cigars in Saudi Arabia 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 Saudi Arabia?
* What are the major brands in Saudi Arabia?
* What are the main distribution channels for cigars in Saudi Arabia and which are performing well?
* What is the proportion of hand-made versus machine manufactured cigars in Saudi Arabia?
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