The global smoking products and smoking alternatives market is fragmented, consisting of many global players. These companies produce competitive prices, various types of solutions, and innovative products with services across the globe. Due to the presence of the players at regional and international levels, suppliers and manufacturers offer products and services with different solutions and features for all budgets. The rise in smoking culture across the globe is majorly driving the global smoking products and smoking alternatives market. Moreover, the growing prevalence of smoking products is further driving the market. However, the formulation of stringent regulations by the government is expected to restrain the market growth. Furthermore, stringent advertising guidelines for tobacco products are expected to challenge market growth. However, increasing adoption of smoking products and smoking alternatives modernization is expected to provide lucrative opportunities for market growth.
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Global smoking products and smoking alternatives market
Data Bridge Market Research analyses that the Global Smoking Products and Smoking Alternatives Market is expected to reach USD 1,491,228.44 million by 2030 from USD 902,870.00 million in 2022, growing with a substantial CAGR of 6.6% in the forecast period of 2023 to 2030.
Key Findings of the Study
Rise in Smoking Culture across the Globe
The smoking culture has been evolving over the years as tobacco is gaining popularity and its use is significantly increasing despite alarming health hazards. However, there are a variety of smoking types such as hookah/shisha, cigarettes, cigars, and vapes. Among these, hookah has been deeply rooted in cultural traditions shared from generation to generation. In addition, the craze of hookah has increased tremendously among the youth which has incorporated a new culture in college and university life. Due to this tradition, there are now more cafes, restaurants, and lounges that offer a variety of services, including shisha tobacco services. This has been helping in revolving the hotel, restaurant, and cafe (HoReCa) industry.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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Product (Cigarettes, Cigars and Cigarillos, E-Cigarette and Vape, Nicotine Replacement Therapy (NRT) Products, Shisha Tobacco, and Herbal Products)
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Countries Covered
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U.S., Africa, Saudi Arabia, Germany, U.A.E., India, Spain, Indonesia, Japan, Iraq, and South Korea.
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Market Players Covered
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Fumari Inc. (U.S), Haze Tobacco (U.S), Al Fakher (U.S), SOCIALSMOKE (U.S), Japan Tobacco Inc.(Japan), SOEX (India), Romman Shisha (Jordan), MAZAYA (Jordan), Ugly Hookah (U.S), Cloud Tobacco (U.S), Nakhla Tobacco Company S.A.E. (Egypt), ITC Limited (India), Imperial Brands plc (U.K), Swedish Match AB (Sweden), MujeebSons (India), Godfrey Phillips India Ltd.(India), ALWAHA-TOBACCO. (Jordan), Eastern Co SAE (Egypt), Agera Tobacco (U.S), Oliva Cigar Family (U.S), Herbal Tobacco Company (India), Mountain Rose Herbs (U.S), ShopStarbuzz (U.S), ALTADIS U.S.A. INC. (U.S), RealLeaf.(U.S), and Meo Marley's (Canada)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, poster’s model analysis, pestle analysis, pricing analysis, and regulatory framework
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Segment Analysis:
The global smoking products and smoking alternatives market is segmented into one notable segment based on product.
- On the basis of product, the global smoking products and smoking alternatives market is segmented into cigarettes, cigars and cigarillos, e-cigarettes and vape, nicotine replacement therapy (NRT) products, shisha tobacco, and herbal products. In 2023, the cigarette segment is expected to dominate the global smoking products and smoking alternatives market with 93.62% market share.
In 2023, cigarette segment of product is expected to dominate the global smoking products and smoking alternatives
In 2023, cigarette segment of product is expected to dominate the global smoking products and smoking alternatives due to upsurge in smoking product manufacturers across the globe.
On the basis of product, the global smoking products and smoking alternatives market is segmented into cigarettes, cigars and cigarillos, e-cigarettes and vape, nicotine replacement therapy (NRT) products, shisha tobacco, and herbal products. The e-cigarette and vape segment is further sub-segmented on the basis of nicotine type into nicotine and non-nicotine. Shisha tobacco is further segmented on the basis of flavor into double apple, citrus, mint, blended flavor, blueberry, gummy bears, strawberry, non-flavored, mango, melon, pineapple, chocolate, caramel, passion fruit, and others. Shisha tobacco is sub-segmented on the basis of distribution channels into the home and direct channels. The home segment is further segmented on the basis of category into specialty stores, online, convenience stores, supermarkets, hypermarkets, duty-free shops, and others. Direct channels are further segmented on the basis of category into hookah lounges and café/restaurants/bars/pubs. Shisha tobacco is segmented on the basis of application into group and personal. Herbal products are further segmented on the basis of category into CBD products and herbal cigarettes. CBD products are further segmented on the basis of type into cigarettes, gummies, and others. An herbal cigarette is further segmented on the basis of nicotine type into nicotine and non-nicotine. An herbal cigarette is further segmented on the basis of leaves into damiana, mullein, rosemary, sage, dittany, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the major key players in the global smoking products and smoking alternatives market are Fumari Inc. (U.S), Haze Tobacco (U.S), Al Fakher (U.S), SOCIALSMOKE (U.S), Japan Tobacco Inc.(Japan), SOEX (India), Romman Shisha (Jordan), MAZAYA (Jordan), Ugly Hookah (U.S), Cloud Tobacco (U.S), Nakhla Tobacco Company S.A.E. (Egypt), ITC Limited (India), Imperial Brands plc (U.K), Swedish Match AB (Sweden), MujeebSons (India), Godfrey Phillips India Ltd.(India), ALWAHA-TOBACCO. (Jordan), Eastern Co SAE (Egypt), Agera Tobacco (U.S), Oliva Cigar Family (U.S), Herbal Tobacco Company (India), Mountain Rose Herbs (U.S), ShopStarbuzz (U.S), ALTADIS U.S.A. INC. (U.S), RealLeaf.(U.S), and Meo Marley's (Canada).
Market Developments
- In May 2023, ITC Limited. increased the prices of its cigarette products. The cigarette price hike is to the magnitude of 3-5 percent. This increment in prices helped the company to grow its revenue and profit margins.
- In February 2023, Fumari Inc. announced the launch of a new flavor mix for hookah. The product contains passionfruit sangria, watermelon, ambrosia, and mint. This new product will help the company to diversify its product portfolio and attract customers with a wide range of product offerings which will accelerate the sales for the company.
- In February 2023, Imperial Brands plc announced the launch of Pulze heated tobacco device. Pulze 2.0 offers new levels of convenience with a compact all-in-one design and 25 or more sessions on a single charge. This development helped the company to improve its financials which made a positive impact on the growth of the market.
- In December 2022, ALWAHA-TOBACCO. wide variety of products which includes Tangerine Rush, Sweet Shock, Summer Air, Strawberry, Spearmint, Sparking Maracuja, Spa, and Sky & Sand. which not only cater to a wide range of customers but also provide a wide variety of flavors. Such a huge product range helps the company to cater huge user base and ultimately increase the company's revenue.
- In June 2022, Meo Marley's and EcoCart partnered to set up a supply chain. The integration provides their customers the option to make their orders carbon-neutral. Such integration helps the company to expand its customer base and make its service more flexible.
- In March 2022, Swedish Match AB announced that the company planned the separation of its cigar business. The company separated its cigar business via a spin-off to shareholders and a subsequent listing on the U.S. national securities exchange. This development has well-derived its business segment which improved the company’s performance.
Country Analysis
Geographically, the countries covered in the global smoking products and smoking alternatives market report are U.S., Africa, Saudi Arabia, Germany, U.A.E., India, Spain, Indonesia, Japan, Iraq, and South Korea.
As per Data Bridge Market Research analysis:
India is the dominant region in the smoking products and smoking alternatives market globally during the forecast period 2023 - 2030
In 2023, India is expected to dominate the market as this region has the highest tobacco farmlands. This will help increase the usage of tobacco.
India is estimated to be the fastest-growing region in the global smoking products and smoking alternatives market in the forecast period 2023 - 2030
- India is expected to grow the global smoking products and smoking alternatives market due to rise in the demand for flavoured tobacco and increasing demand for usage of tobacco as herbal medicine.
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