Cutter Market Growth Accelerated by Increased Adoption among Women Smokers

A cigar cutter is a device used to cut or pierce the end of cigars so that they can be smoked. Cigar cutters help to ensure an even cut is made on the cigar, allowing for an ideal draw and burn. The advantages of using a cigar cutter include producing a clean cut with an ideal shape for smoking enjoyment and preventing shredded or uneven cuts that can affect the smoking experience. The global cigar cutter market is witnessing growth due to the rising popularity of cigars among young adults and women smokers.

The global Cigar Cutter Market is estimated to be valued at US$ 139.5 Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends driving growth in the cigar cutter market size is the increasing adoption rate among women smokers. Traditionally, cigar smoking was considered a male-dominated activity. However, in recent years the number of women opting to smoke cigars, especially premium hand-rolled cigars, has increased considerably. According to various industry reports, over 20% of new cigar smokers in the U.S. are women. The growing social acceptance of women smokers and the perception of cigars as a luxury indulgence rather than just a smoking product has boosted their appeal among female demographic. Cigar cutters particularly designed for women with compact size and appealing colors and designs have further aided the adoption. This rising trend is expected to continue boosting the sales of cigar cutters during the forecast period.

Segment Analysis

The global cigar cutter market is dominated by the cigar cutter with blades sub segment. This sub segment accounted for nearly 55% of the total market share in 2023. Cigar cutters with blades are preferred by consumers as they offer a clean cut and do not damage the cigar. Additionally, cutters with blades are more affordable than guillotine or punch style cutters.

Key Takeaways

The global cigar cutter market is expected to witness high growth. The market size is projected to reach US$ 199.2 Mn by 2030 from US$ 139.5 Mn in 2023, expanding at a CAGR of 10% during the forecast period. Growth in the number of cigar aficionados and rising popularity of premium cigar brands are expected to drive the demand for cigar cutters.

Regional analysis

The North American region currently dominates the global cigar cutter market, accounting for over 35% share of the total market. USA has emerged as the largest consumer of cigars in the world. Wide availability of different brands and growing popularity among the millennial population is supporting the market growth. The Latin American and European regions are also expected to witness significant growth rates over the forecast period.

Key players

Key players operating in the cigar cutter market are Colibri, Xikar, Swiss Army, Calibri, and Palio Works. Colibri is a leading brand known for innovative designs and high quality cutters. Xikar is another prominent brand offering a wide range of cutters for different size cigars. Theseestablished brands are focusing on new product launches and partnerships with premium cigar manufacturers to strengthen their market position.

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