The 11 Largest Cigar Companies in the World

By Chris Kolmar
Apr. 24, 2023
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Largest Cigar Companies Research Summary

  • The largest cigar company in the world is Imperial, with a revenue of $41.691 billion.

  • As of 2020, the global cigar industry has a market size of $11.61 billion.

  • Over 15.25 billion cigars are sold worldwide each year.

  • The global cigar market is projected to grow at a CAGR of 7.2% through 2028.

Cigars are finally growing in popularity among young consumers in many countries, marking a reversal of a decades-long trend in the opposite direction.

Experts attribute this growth to a variety of factors, such as higher taxes associated with conventional cigarettes driving consumers towards alternatives such as cigars.

Many cigar companies are also beginning to market towards women and other demographics that they have traditionally avoided, further driving demand.

In this article, we’ll discuss the 11 largest cigar companies in the world to provide insight into where the industry is and how it’s transitioning.

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  1. Imperial. England, UK

    2022 Revenue: $41.691 billion

    Imperial Brands plc, formerly known as Imperial Tobacco Group plc, is by far the largest manufacturer of cigars in the world.

    The company employs over 32,000 workers, operates 51 factories across the world, and enjoys significant sales in over 160 countries.

    Altadis USA, simply a subsidiary of Imperial Brands, owns over half of the entire United States’ Cuban cigar market. Imperial Brands also owns hundreds of other notable cigar brands through its many various subsidiaries.

    Perhaps the greatest reason for the difference between Imperial Brands’ cigars sales and every other company on this list is their presence and exposure to the wider tobacco industry.

    While many other large cigar companies focus just on cigars, Imperial Brands actually generates most of its revenue through cigarettes and then uses those sales to subsidize its cigar business.

    The company’s presence in the cigarette industry also allows it to purchase tobacco in greater bulk, build more factories, and build relationships with more distributors around the world.

    Some of Imperial Brands’ best-selling cigar brands include Montecristo, Trinidad, and Romeo y Julieta.

  2. Find Imperial Jobs Near Me

  3. Eastern Co SAE. Cairo, Egypt

    2022 Revenue: $931.24 million

    Also known as Eastern Tobacco Company, Eastern Co SAE is the largest producer of cigars and cigarettes in Egypt. The company also produces pipe tobacco, cigarette filters, and molasses tobacco.

    Eastern Co SAE operates as two separate divisions that split their focus between domestic and overseas sales.

    The local division produces some of the best-selling cigar brands in Egypt, such as Corona, Legation, and Mondial.

    The international segment distributes popular cigar brands such as Golden West, Cleopatra, and Taba.

    Eastern Co SAE also generates revenue through completely unrelated industries, such as finance, agriculture, and real estate.

  4. Swisher. Jacksonville, Florida

    2021 Revenue: $2.3 billion

    Formerly known as Swisher International Inc, Swisher is an American manufacturer of cigars and tobacco.

    The company sells its products in over 70 different countries and produces approximately two billion cigars each year. Most of its manufacturing facilities are based in the Dominican Republic and West Virginia.

    Swisher’s flagship brand, Swisher Sweets, consistently ranks among the best-selling cigar brands in the world almost every year.

    In the United States, Swisher Sweets Original and Swisher Sweets Diamonds are the first and second most popular large-cigars in the country. Together, the sales of the two products exceed those of the next five best-selling large-cigar brands combined.

  5. Find Swisher Jobs Near Me

  6. Swedish Match North America. Stockholm, Sweden

    2022 Revenue: $2.11 billion

    Swedish Match is a multinational company that produces a wide variety of tobacco-based products, including cigars, chewing tobacco, and moist snuff.

    The company employs over 6,300 workers and operates in 11 different countries. Its products are sold worldwide, although most sales originate in the United States and Scandinavia.

    As of 2014, Swedish Match produced over one billion of the five billion cigars sold in the United States each year. The company’s total manufacturing capacity exceeded over three billion during the same year.

    Swedish Match’s best-selling cigar brands are Game by Garcia y Vega, White Owl, and Garcia Y Vega.

  7. Find Swedish Match North America Jobs Near Me

  8. Scandinavian Tobacco Group. Copenhagen, Denmark

    2021 Revenue: $1.3 billion

    Scandinavian Tobacco Group is a manufacturer of cigars and pipe tobacco that owns many of the top-selling cigar brands in the world.

    The company sells over three billion cigars each year and possesses a massive cigar brand portfolio of over 200 different products, including well-known names such as Cohiba, CAO, and Macanudo.

    Scandivanian Tobacco Group reached its market-leading position by making many strategic acquisitions throughout the years.

    For example, the group acquired the online catalog and retail business in 2013, allowing them to increase consumer preferences towards their own brands.

    In 2018, the company acquired Thompson Cigar to greatly expand its presence in the United States. The following year, they also acquired Royal Agio Cigars, instantly making them the leading producer of cigars and cigarillos in western Europe.

  9. Altadis USA. Madrid, Spain

    Revenue: $1.3 billion

    Altadis is a multinational manufacturer of cigars, cigarettes, and other tobacco products. The company formed via a merger in 1999 with Tabacalera and SEITA, the largest cigar companies in Spain and France, respectively.

    Prior to the company’s acquisition by the British tobacco conglomerate Imperial Brands for over $19 billion, Altadis was the largest producer of cigars in the world.

    Although a subsidiary, Altadis still operates under its own name. Its United States division, for example, is named Altadis USA.

    Altadis owns half of Habanos S.A., Cuba’s state tobacco monopoly, as well as 800-JR Cigar, one of the largest online cigar retailers in the United States.

    Some of the company’s top-selling and most established brands include Don Diego, Antonio y Cleopatra, and Dutch Masters.

  10. Find Altadis USA Jobs Near Me

  11. Oettinger Davidoff AG. Basel, Switzerland

    2020 Revenue: $760 million

    Oettinger Davidoff AG, also simply called Davidoff, is a manufacturer of premium cigars, cigarettes, and tobacco ancillary products.

    The company was acquired by Imperial Brands in 2006, although it still operates under its former name. This is due to its flagship cigar brand, Davidoff, being one of the best-selling cigar brands in the world.

    Davidoff operates a production plant in Honduras and three factories in the Dominican Republic. Although it sources the majority of its tobacco through independent farms, it does own a few plantations across Brazil.

    In addition to Davidoff, the company manages popular cigar brands such as Camacho, AVO, and Winston Churchill.

  12. General Cigar Holdings. Richmond, Virginia

    2021 Revenue: $628 million

    General Cigar Company, a subsidiary of Scandivanian Tobacco Group, is the world’s largest manufacturer of premium cigars.

    Although founded in 1901, the company first saw widespread success in the United States when it acquired Gradiaz Annis and gained access to the Macanudo brand, which was and remains one of the top-selling cigar brands in the country.

    The company also owns the Ramon Allones, CAO, and Cohiba brands, which all rank among the best-selling premium cigar brands.

    Scandivanian Tobacco Group acquired General Cigar Company in 2016.

  13. Find General Cigar Holdings Jobs Near Me

  14. Arturo Fuente. Tampa, Florida

    2022 Revenue: $592 million

    Arturo Fuente is a cigar company that manufactures the Ashton and Arturo Fuente brands of cigars, which are both international best-sellers.

    The company originally formed in 1912, but operated only locally until the 1960s.

    Following the United States’ embargo of Cuba, Arturo Fuente exploded in sales due to their hand-rolled premium cigars that were similar to the popular Cuban cigars that had become unobtainable.

    The company’s steady growth has persisted through the decades. In 2010, Arturo Fuente’s production capability exceeded 30 million cigars each year.

    Their products range from premium to inexpensive. Many cigar experts and enthusiasts regard the Fuente Fuente Opus X as the company’s flagship offering.

    Arturo Fuente maintains a production agreement with the J.C. Newman Cigar Company, wherein each company helps the other produce whichever types of cigars their own factories are better equipped to manufacture.

  15. Boutique Blends Cigars. Jacksonville, Florida

    Revenue: $582 million

    Formerly known as the Habana Cuba Cigar Company, Boutique Blends Cigars is a producer of premium hand-rolled cigars.

    The company was founded in 1996 amidst the United States cigar boom as the sole American manufacturer of the popular Cuban “Oliveros” brand.

    In addition to products under the Oliveros name, other popular brands that Boutique Blends Cigars manufacturers include Swag, Aging Room, and King Havano.

  16. Habanos S.A. Havana, Cuba

    2022 Revenue: $545 million

    Habanos S.A. is a Cuban partially state-owned company that solely controls the distribution, promotion, and export of Cuban cigars around the world.

    It formed through a merger between fully state-owned Cubatadabaco and global cigar giant Altadis.

    The company manufactures the popular Cuban cigar brands Montecristo, Romeo y Julieta, and Cohiba.

    Habanos S.A. sells its products to every country in the world other than the United States, which has maintained a trade embargo against Cuba in 1962.

    To prevent counterfeiting and control distribution, the company always chooses a single company within any given country to export to.

    For example, Habanos S.A. sells its premium cigars through Hunters Frankau in the United Kingdom and Intertabak in Switzerland.

  17. Cigar Industry FAQ

    1. What is the largest cigar company in the world?

      Imperial Brands is the largest cigar company in the world. With a 2022 revenue of $41.691 billion, Imperial Brands is by far the largest cigar company in the world. This is due, in part, to the fact that it owns so many smaller cigar companies.

    2. What is the largest cigar company in the United States?

      The largest cigar company in the U.S. is Swisher. With a revenue of $2.3 billion, Swisher is the largest cigar company in the United States. It should be noted, however, that this revenue figure is from 2021.

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Chris Kolmar

Chris Kolmar is a co-founder of Zippia and the editor-in-chief of the Zippia career advice blog. He has hired over 50 people in his career, been hired five times, and wants to help you land your next job. His research has been featured on the New York Times, Thrillist, VOX, The Atlantic, and a host of local news. More recently, he's been quoted on USA Today, BusinessInsider, and CNBC.

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