The reliable Global Shisha Tobacco Market report offers important statistics on the market status of producers and offers useful advice and direction for businesses and individuals interested in the industry. Research and analysis about the key developments in the market, major competitors, and detailed competitor analysis covered in this report helps businesses imagine the bigger picture of the market place and products which ultimately assists in defining superior business strategies. This report aids in assessing production processes, major issues, and solutions to mitigate the development risk. The large scale Global Shisha Tobacco Market survey report brings about the list of top competitors and presents the insights on strategic industry analysis of the key factors influencing the market.
An influential Global Shisha Tobacco Market report makes available notable data, present market trends, future events, market environment, technological innovation, forthcoming technologies and the technical advancement in the relevant industry. This business report makes it easy to know about the market strategies that are being adopted by the competitors and leading organizations. This industry analysis report also provides the understanding of most affecting driving and restraining forces in the market and its impact on the global market. More importantly, to comprehend the future outlook and prospects for the market, Global Shisha Tobacco marketing report is very useful.
Data Bridge Market Research analyses that the shisha tobacco market which was USD 946.09 million in 2022, would rocket up to USD 1,650.03 million by 2030, and is expected to undergo a CAGR of 7.2% during the forecast period of 2023 to 2030.
Market Overview
Shisha tobacco is a mixture of tobacco, water, glycerin, flavor components, and aromatic substances, which is then smoked through a hookah apparatus. This flavored and aromatic tobacco is smoked by the majority of population due to its traits of relaxing an individual. With a number of flavor offerings for the product, the market is expected to undergo moderate growth in the forecast period due to its widespread adoption. Shisha also known as water pipe tobacco, argileh, maassel, hookah, or narghile in different region globally is a consumed for its relaxing and energizing effect. The shisha tobacco is molasses syrupy form of tobacco consumed through a water pipe or hookah and comes in different flavors.
Some of the major players operating in the shisha tobacco market are:
- FUMARI (U.S.)
- Haze Tobacco (U.S.)
- Al Fakher Tobacco Factory (UAE)
- SOCIALSMOKE (U.S.)
- Japan Tobacco Inc. (Japan)
- SOEX (Germany)
- Prince Molasses (Morocco)
- Romman Shisha (U.S.)
- Mazaya (Kuwait )
- Ugly Hookah (U.S.)
- Cloud Tobacco (U.S.)
- Flavors of Americas S.A. (Paraguay)
- Al Amir Tobacco (UAE)
- STARBUZZTOBACCO. (U.S.)
- Nakhla (Iraq)
- MujeebSons (India)
- Godfrey Phillips India Ltd. (India)
- The Eastern Company (U.S.)
- ALWAHA-TOBACCO. (U.S.)
Shisha Tobacco Market Dynamics
Drivers
- Rising popularity and social acceptance
Shisha tobacco, also known as hookah or waterpipe tobacco, has gained significant popularity worldwide, particularly among young adults. Shisha smoking is often seen as a social activity and is enjoyed in various settings such as hookah lounges, cafes, and social gatherings. The social acceptance and cultural significance of shisha tobacco contribute to its growing demand globally.
Expansion of hookah bars and lounges
The establishment of hookah bars and lounges in various countries has significantly contributed to the growth of the shisha tobacco market. These venues provide consumers with a dedicated space to enjoy shisha smoking in a social environment. The rise in the number of hookah bars and lounges globally has created a demand for shisha tobacco and related products.
- Growing cross-cultural influence and tourism
Shisha smoking has gained popularity not only within its traditional cultural contexts but also across different regions due to globalization and tourism. Travelers, particularly in popular tourist destinations, often seek out hookah experiences as part of their cultural exploration. This cross-cultural influence and the curiosity of tourists have expanded the market for shisha tobacco in various parts of the world.
Opportunities
Growing innovations in terms of flavors and variety: Shisha tobacco offers a wide range of flavors, including fruit, mint, and exotic blends, appealing to diverse consumer preferences. The availability of a vast flavor portfolio attracts both regular and occasional smokers, as they can explore different taste profiles and enjoy a personalized smoking experience. The variety of flavors and the ability to customize shisha sessions contribute to the market's growth.
Increasing hookah culture and trendy image: Shisha tobacco has become associated with a trendy and fashionable lifestyle, attracting a wide consumer base. It is considered a part of the hookah culture, with enthusiasts seeking unique and flavorful smoking experiences. The hookah culture, fuelled by social media influence and lifestyle trends, has been instrumental in driving the demand for shisha tobacco.
Challenges/ Restraints
- Growing health concerns and regulations
One of the significant challenges faced by the shisha tobacco market is the increasing awareness of the potential health risks associated with smoking. Shisha smoking involves the combustion of charcoal and the inhalation of smoke, which can expose individuals to harmful chemicals and toxins. Health concerns related to lung diseases, oral health, and nicotine addiction have led to stricter regulations and bans on shisha smoking in some regions. These health concerns and regulations can limit the market's growth and lead to a decline in shisha tobacco consumption.
- Rising prices and taxation
Shisha tobacco is subject to various taxes and regulations, leading to an increase in prices over time. Higher prices can deter price-sensitive consumers and impact overall demand. Additionally, increased taxation and stringent regulations on tobacco products, including shisha tobacco, can limit accessibility and affordability, further contributing to the decline in the market.
Highlights of TOC :
Chapter 2: Study Assumption
Chapter 3: Scope of the Study
Chapter 5 : Analysis Methodology
Chapter 6: Research Phases
Chapter 7: Competition by Manufacturers
Chapter 8: Current Market Scenario
Chapter 9: Value Chain/Supply Chain Analysis
Chapter 10: Government Regulations and Initiatives
Chapter 11: Production, Revenue (Value) by Region
Chapter 12: Supply (Production), Consumption, Export, Import by Regions
Chapter 13 : Market Drivers
Chapter 14 : Market Restraints/Challenges
Chapter 15: Market Opportunities
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