Future Market Insights (FMI) has revealed fresh research
that indicates the shisha
tobacco market will be valued at around US$ 2,909.4 million in
2023 and will grow at a compound annual growth rate (CAGR) of 4.0% from
2023 to 2033, or US$ 4,306.6 million.
On this day, the market is overrun with shisha lounges and
bars. This necessitates a high demand for various flavoured tobacco products.
There are currently three varieties available: herbal, floral, and dessert.
Shisha, commonly known as hookah (or water pipe tobacco), is
the manufacturing, selling, and consuming of flavoured cigarettes. Nonetheless,
it asserts a lengthy history spanning multiple continents, most notably Asia,
Africa, and the Middle East.
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An interesting thing to note over here is that various
flavors offered through shisha molasses render shisha tobacco an attractive
product, particularly for the ones who want to quit smoking. Aesthetics has
also got to play a vital role over here. In other words, hookah apparatus is
designed such that it has a visually attractive appeal. This another factor
keeping the hopes high for shisha tobacco market going forward.
There is another reason for the shisha tobacco market
growing at an exponential rate. The consumers who are focusing on cutting down
on cigarettes are getting to hookah smoking. They carry the impression that
majority of nicotine is absorbed by water during such sort of smoking. However,
when there would be an upsurge in awareness regarding the fact that shisha
tobacco smoking is all the more injurious than cigarette smoking, the tables
would turn.
Future Market Insights has walked through these facts with
insights in its latest market study entitled ‘Shisha Tobacco Market’. It has
its team of analysts and consultants to look through the bottom-up approach in
its primary, secondary, and tertiary modes of research.
“Demand for flavored tobacco products is expected to take
the shisha tobacco market by storm in the forecast period”, says an analyst
from Future Market Insights.
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https://www.futuremarketinsights.com/request-report-methodology/rep-gb-7590
Key Takeaways from Shisha Tobacco market
- North
America holds a significant market share with the US being home to several
manufacturers like Tangiers, Fumari Hookah, and likewise. Also,
organizations are into progressive diversification of shisha tobacco
products like hookah and hookah parts, coal, flavors; which does
facilitate customers with one-stop shopping destination for the smoking
products.
- Europe
holds the second-largest market share with the UK witnessing an
ever-increasing demand for local varieties in terms of flavor. Also, it
has been observed that customers get more drawn toward new flavors if they
could be well-related to; thereby growing in sales.
- The
Asia-Pacific is expected to grow at a rapid pace in the shisha tobacco
market with China being the biggest contributor. Also, the flourishing
tourism sector in India and China does attract several individuals every
single year. Additionally, there are stern laws enacted in the country
regarding not letting individuals smoke in the public areas; which, in
turn, would accelerate the sales of hookah equipment for commercial
(HoReCa and bars) as well as residential sectors.
- MEA
is another region driving the shisha tobacco market with a major chunk of
population into shisha tobacco smoking.
Competitive Shisha Tobacco
- Al
Fakher Tobacco Trading, in 2022, did expand offering with respect to
travel retail through launching Double Kick, that too, Dubai Duty Free.
This line does feature 3 initial flavors inclusive of Grape & Mint,
Mint, and Two Apple. Every flavor is available in the novel 200g format.
- Gulbahar
Tobacco International, in 2020, did tie up with JC Decaux for launching
one of the biggest marketing campaigns inside Dubai airport. This campaign
does feature Milano fan pack (its prominent pack).
What does the Report Cover?
- The
research study is based on product type (strong shisha tobacco, mild
shisha tobacco, and light shisha tobacco), by flavor (fruit, chocolate,
caramel, mint, blended, and likewise), and by sales channel (direct sales,
supermarkets/hypermarkets, specialty stores, convenience stores, online
retailers, and other sales channels).
- With
shisha lounges and bars getting popular, the global shisha tobacco market
is expected to witness grandeur in the forecast period.
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