American Industry Overview: Cigars
Industry Snapshot
Cigars represented a $3.4 billion business in the late 2000s, according to the Centers for Disease Control and Prevention. Although the industry had experienced a decline from its boom in the 1990s, sales rose 9.2 percent in 2007, and by 2008, the Substance Abuse and Mental Health Services Administration (SAMHSA) reported that 13.3 million Americans over the age of 12 were cigar smokers
The volatile cigar industry experienced dramatic growth in the 1990s due to increasing acceptance of cigar smoking among the "Generation X" population, a resurgence in "cigar evenings," and the popularity of...