PROSPECTS AND OPPORTUNITIES
Persistent economic instability is a key barrier to stronger growth
Over the forecast period, retail volume sales of cigars and cigarillos in Malaysia are set to record a -7% CAGR, falling to 4.2 million units.
Rise of high-end hotels facilitates expansion of cigar lounges
The rising popularity of cigar lounges in Malaysia is expected to continue over the forecast period, driven by the increasing number of high-end hotels entering the local market. Notable new additions in 2024, such as the Penang Marriott Hotel, Courtyard Kuala Lumpur South, and Perhentian Marriott Resort & Spa, are set to enhance the luxury hospitality landscape.
Expanding product distribution, implementing attractive pricing strategies and establishing strategic partnerships are key strategies for future growth
Manufacturers of cigars, cigarillos and smoking tobacco are expected to employ a range of strategies over the forecast period in an attempt to drive sales and maintain their competitive edge. Aggressive marketing efforts, including price promotions and strategic partnerships, will be crucial.
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Overview:
Understand the latest market trends and future growth opportunities for the Cigars, Cigarillos and Smoking Tobacco industry in Malaysia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Cigars, Cigarillos and Smoking Tobacco industry in Malaysia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Cigars, Cigarillos and Smoking Tobacco in Malaysia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Cigars, Cigarillos and Smoking Tobacco in Malaysia?
- Which are the leading brands in Cigars, Cigarillos and Smoking Tobacco in Malaysia?
- How are products distributed in Cigars, Cigarillos and Smoking Tobacco in Malaysia?
- Which category is the most heavily taxed in Malaysia?
- How is the operating environment for Cigars, Cigarillos and Smoking Tobacco changing?
- What are the current legislative restrictions applicable to the sale of Cigars, Cigarillos and Smoking Tobacco products in Malaysia?
- How has COVID-19 impacted demand?
- How have national lockdown and enforced home seclusion following COVID-19 impacted sales?
- Where is future growth expected to be most dynamic?
Cigars, Cigarillos and Smoking Tobacco in Malaysia - Category analysis
KEY DATA FINDINGS
Overall category sees value growth but more variable volume performances
Consolidation strengthens across the category
Tobacco specialists retains dominance, serving a niche audience
Persistent economic instability is a key barrier to stronger growth
Rise of high-end hotels facilitates expansion of cigar lounges
Expanding product distribution, implementing attractive pricing strategies and establishing strategic partnerships are key strategies for future growth
Tobacco in Malaysia - Industry Overview
Tobacco in 2024: The big picture
2024 key trends
Competitive landscape
Retail developments
What next for tobacco?
Legislation
Legislative overview
Minimum legal smoking age
Smoking prevalence
Health warnings
Plain packaging laws
Advertising and sponsorship
Point-of-sale display bans
Smoking in public places
Flavoured tobacco product ban
Vapour products
PRODUCTION/IMPORTS/EXPORTS
DISCLAIMER
The following categories and subcategories are included:
Cigars, Cigarillos and Smoking Tobacco
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- Cigars
- Cigarillos
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- Pipe Tobacco
- Fine Cut Tobacco
Cigars, Cigarillos and Smoking Tobacco
Combined sales of cigars, cigarillos and smoking tobacco.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Cigars, Cigarillos and Smoking Tobacco research and analysis database.
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