In 2023, cigar sales in the US were recorded at approximately $649 million. Forecast data from 2024 onwards shows a consistent decline in sales, with figures decreasing from $621.08 million in 2024 to $514.47 million in 2028. Year-on-year variations reflect a potential downturn, with a -4.4% change from 2024 to 2025 and a consistent annual decline driven by societal shifts and increased regulation. Over the next five years, the compound annual growth rate (CAGR) is projected at approximately -5.7%, highlighting a weakening market.
Future trends to watch for include regulatory impacts, evolving consumer health consciousness, and increasing taxation on tobacco products. Innovation in alternative products and changing consumer preferences might further influence the trajectory negatively.
