PROSPECTS AND OPPORTUNITIES
Strong growth for cigars amidst social and premium trends with robust demand for pipe tobacco
Over the forecast period, cigars in Vietnam is projected to see double-digit retail volume growth. However, pipe tobacco’s dominance in terms on volume of sticks sold sees a modest overall growth forecast.
Habanos specialist stores to bring investments in cigars
Over the forecast period, Habanos specialist stores in Vietnam are expected to actively promote a Cuban cigar culture. For example, in 2024, Habanos specialist stores hosted events like the Habanosommelier Course in Hanoi, offering training on cigar and drink pairings.
The presence of cigarillos is set to grow, but retail volume sales are projected to remain negligible
Over the forecast period, cigarillos in Vietnam is projected to remain a negligible category in terms of retail volume sales, as consumer interest remains low. Most Vietnamese cigar smokers prefer larger cigars.
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Overview:
Understand the latest market trends and future growth opportunities for the Cigars, Cigarillos and Smoking Tobacco industry in Vietnam 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 Vietnam, 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 Vietnam 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 Vietnam?
- Which are the leading brands in Cigars, Cigarillos and Smoking Tobacco in Vietnam?
- How are products distributed in Cigars, Cigarillos and Smoking Tobacco in Vietnam?
- Which category is the most heavily taxed in Vietnam?
- 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 Vietnam?
- 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 Vietnam - Category analysis
KEY DATA FINDINGS
Faster retail volume growth in 2024 as cigars and pipe tobacco gain interest
Vinataba is the sole player in cigars
Tobacco specialists continue to dominate the distribution landscape
Strong growth for cigars amidst social and premium trends with robust demand for pipe tobacco
Habanos specialist stores to bring investments in cigars
The presence of cigarillos is set to grow, but retail volume sales are projected to remain negligible
Tobacco in Vietnam - 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
Low ignition propensity (LIP) cigarette regulation
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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