NEWARK, Del, May 31, 2023 (GLOBE NEWSWIRE) -- The global shisha tobacco market is worth US$ 2.91 Billion as of now and is expected to reach US$ 4.31 Billion by the year 2033 at a CAGR of 4% between 2023 and 2033.
The present-day scenario is such that there is a tremendous influx of shisha bars, and lounges all over. This also calls for an extensive demand for various flavored tobacco products. The flavors available as of now include herbal, fruity, and dessert flavors.
Shisha, better known as hookah (or water pipe tobacco), implies the manufacturing, distribution, and intake of flavored tobacco smoking through a water pipe. It does boast of a long history in several regions; especially in Asia, Africa, and the Middle East.
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, the hookah apparatus is designed such that it has a visually attractive appeal. This is another factor keeping the hopes high for the shisha tobacco market going forward.
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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 the 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 at Future Market Insights (FMI).
Key Takeaways:
- 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 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; thereby growing 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 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 the population into shisha tobacco smoking.
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Competitive Landscape:
- Al Fakher Tobacco Trading, in 2022, did expand its offering with respect to travel retail by launching Double Kick, which too, is 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 the Milano fan pack (its prominent pack).
Key Companies Profiled
- FUMARI
- Haze Tobacco
- Al Fakher Tobacco Factory
- SOCIALSMOKE
- Japan Tobacco Inc.
- SOEX
- Prince Molasses
- Romman Shisha
- Mazaya
- Ugly Hookah
- Cloud Tobacco
Market by Categories:
By Product Type:
- Strong Shisha Tobacco
- Mild Shisha Tobacco
- Light Shisha Tobacco
By Flavor:
- Fruit
- Chocolate
- Caramel
- Mint
- Blended
- Others
By Sales Channel:
- Direct Sales
- Hypermarkets/Supermarkets
- Specialty Stores
- Convenience Stores
- Online Retailers
- Other Sales Channels
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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, speciality 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.
Table of Content (ToC):
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Product Evolution Analysis
1.5. FMI Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends In the Market
3.1.1. Rise in Café and Restaurant Culture
3.1.2. Increased Consumption of Neuro-stimulants among Urban Consumers
3.1.3. Increased Usage of Social Media & Internet
3.1.4. Diversification in Product Line
3.1.5. High Investment in Design & Packaging of Products
3.1.6. Strong Research on Substance Abuse and Harmful Aspects of Products
3.2. Product Innovation Trends
3.2.1. Development of Flavored Shisha Tobaccos
3.2.2. Companies Increasingly Spending on R&D and Stepping Up Innovation
3.2.3. Growing Consumer Interest in Multifunctional Products
3.2.4. Prominent Players are Now Diversifying Into other Profitable Segments
3.2.5. Companies are Focusing on Strengthening the Premium Market Leadership
3.3. Future Prospects of Electronics Industry
3.3.1. Factors Fuelling Growth
3.3.2. Influx of Brands
3.3.3. Innovative Distribution & Marketing Strategies
3.3.4. New Launches
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