PROSPECTS AND OPPORTUNITIES
Rising volume sales predicted for cigars and cigarillos
Volume sales of cigars and cigarillos are expected to rise during the forecast period from 2024 to 2029. This robust growth will be supported by the continued expansion of cigar culture among younger adult consumers, the increasing availability of imported premium brands and the emergence of cigar lounges and private clubs catering to affluent customers.
Premiumisation trend to accelerate
Premiumisation will be the key trend shaping the cigars and cigarillos market in South Korea. Consumers are expected to increasingly favour high-end products with strong brand heritage, craftsmanship, and limited-edition appeal.
Cigars remain scarce in convenience stores
Although sales of cigars have been increasing and are expected to continue to do so in the forecast period as the consumer base expands, the presence of cigars in the main distribution channels remains very low. According to owners of convenience stores, which form the largest distribution channel for the overall tobacco industry in South Korea, cigars are not as appealing to consumers as cigarettes, due to their higher prices.
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Overview:
Understand the latest market trends and future growth opportunities for the Cigars, Cigarillos and Smoking Tobacco industry in South Korea 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 South Korea, 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 South Korea 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 South Korea?
- Which are the leading brands in Cigars, Cigarillos and Smoking Tobacco in South Korea?
- How are products distributed in Cigars, Cigarillos and Smoking Tobacco in South Korea?
- Which category is the most heavily taxed in South Korea?
- 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 South Korea?
- 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 South Korea - Category analysis
KEY DATA FINDINGS
Cigars and cigarillos record robust rises in 2024
Corporación Habanos leads cigars and cigarillos
Food/drink/tobacco specialists leads in 2024
Rising volume sales predicted for cigars and cigarillos
Premiumisation trend to accelerate
Cigars remain scarce in convenience stores
Tobacco in South Korea - 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
Tar levels
Health warnings
Plain packaging
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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