The sale of shisha tobacco has evolved into a lucrative business, encompassing both physical retail outlets and online platforms. This industry has gained prominence by appealing to a diverse global market, offering an array of flavors and accessories that cater to shisha enthusiasts worldwide. Physical retail outlets provide a hands-on experience, allowing customers to explore different options in person. Online platforms have broadened the market reach, enabling enthusiasts to access a wide variety of shisha tobacco flavors and accessories from the comfort of their homes. The global nature of the market has fueled the demand for unique and exotic shisha blends, making it a significant and dynamic segment within the tobacco industry.
According to Data Bridge Market Research analyses the Global Shisha Tobacco Market which was USD 946.09 million in 2022, is expected to reach 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.
"Rise in hookah bars and lounges boosts the market growth"
The rise of hookah bars and lounges has emerged as a key driver for the flourishing shisha tobacco market. These social spaces provide a unique and immersive experience, attracting a diverse clientele. Hookah bars serve as influential trendsetters, introducing customers to new and exotic blends. This trend has not only popularized shisha consumption but has also stimulated demand for premium and specialty products. The social nature of these establishments fosters a sense of community, encouraging patrons to explore different flavors and contributing significantly to the overall expansion and dynamism of the shisha tobacco market.
What restraints the growth of the global shisha tobacco market?
“Awareness about health risks associated with the market hampers its growth”
The global shisha tobacco market faces a restraint in the form of increasing awareness about the health risks associated with smoking. Growing information on tobacco-related health issues, coupled with widespread campaigns, has led consumers to make more health-conscious choices. Individuals are now more informed about the respiratory, cardiovascular, and cancer risks linked to tobacco use. This heightened awareness is prompting consumers to prioritize their well-being, potentially resulting in a decline in shisha tobacco consumption.
Segmentation: Global Shisha Tobacco Market
The global shisha tobacco market is segmented on the basis of type, flavor and distribution channel.
- On the basis of type, the global shisha tobacco market is segmented into strong shisha tobacco, mild shisha tobacco, and light shisha tobacco
- On the basis of flavor, the global shisha tobacco market is segmented into fruit, mint, chocolate, caramel, beverages, and blended flavors
- On the basis of distribution channel, the global shisha tobacco market is segmented into direct, and indirect
Regional Insights: Middle East and Africa is expected to dominate the Global Shisha Tobacco Market
The Middle East and Africa is expected to dominate the shisha tobacco market due to their substantial production of high-quality products and efficient distribution networks. Rooted in a rich cultural tradition, these regions offer diverse flavors and blends, catering to global shisha preferences. Their strategic location, coupled with a deep understanding of consumer tastes, positions them as key influencers in shaping global trends within the shisha tobacco industry.
Asia-Pacific is expected to experience significant growth during the forecast period from 2023 to 2030 due to changing lifestyles and increased shisha tobacco consumption. The region's evolving social trends, urbanization, globalization, and a growing young population contribute to the rising demand for diverse shisha products, positioning Asia-Pacific as a key driver of market growth in the forecasted period.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-shisha-tobacco-market
Recent Developments in Global Shisha Tobacco Market
- In December 2021, Al Fakher, the prominent global shisha tobacco brand, achieved notable strides by targeting the international travel retail sector. Their introduction of a fresh packaging design in February garnered positive responses from consumers, highlighting that the taste remained consistent despite the visual changes. Furthermore, Al Fakher innovated by launching "Bases," a series of tobacco-based flavor enhancers enabling shisha enthusiasts to customize their flavor experiences. This strategic approach in 2021 showcases Al Fakher's commitment to enhancing both the visual appeal and personalization options within their product line
The Prominent Key Players Operating in the Global Shisha Tobacco Market Include:
- FUMARI (U.S.)
- Haze Tobacco (U.S.)
- Al Fakher Tobacco Factory (U.A.E.)
- 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.)
Above are the key players covered in the report, to know about more and exhaustive list of global shisha tobacco market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Shisha Tobacco Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
