The shisha tobacco market is estimated at US$ 19 Bn in 2022 and is projected to reach US$ 26 Bn by 2032, at a CAGR of 2.8% from 2017 to 2021. Share of shisha tobacco market in its parent market (tobacco market) is close to ~4%.
According to a recent study by Future Market Insights (FMI), the market for the tobacco used to make shisha would reach US$ 19 billion in 2022 and increase at a CAGR of roughly 3% through 2032.
Shisha tobacco consumption is often done with friends and is a significant component of social events and gatherings in many cultures. Today, this culture includes elements of college and university life. Additionally, friends and relatives frequently discuss using water pipes. This is because, first, it makes shisha tobacco less expensive to consume, and secondly—and more emotionally—it promotes a sense of brotherhood, particularly among the male demographic, and helps them feel more accepted in society. This custom has led to an increase in the number of cafés, eateries, and lounges that provide a range of services, including shisha tobacco services.
Water pipe smoking has been more readily available locally thanks to the spread, which has also inspired young people in numerous countries to look for unusual neurostimulating hobbies. This aspect of shisha tobacco blends in well with the global cafe, restaurant, and lounge industry’s increasing expansion. The revitalization of the water pipe smoking habit in countries like India, where young people are increasingly using shisha tobacco outside of rural areas and in urban ones, has coincided with the burgeoning hotel, restaurant, and cafe (HoReCa) industry, particularly in developing countries. In urban areas of wealthy countries like the U.S., hookah cafes are increasingly common, especially close to college campuses. This easy accessibility has facilitated the growth of the sector in
The market’s expansion is currently driven by consumer misconceptions that shisha tobacco is less dangerous than other types of tobacco use. However, market expansion is expected to be impacted as customers become more aware of the full extent of shisha tobacco’s detrimental effects.
The aforementioned considerations are causing the shisha tobacco business to expand quickly, and as people’s awareness of health issues grows, producers are coming up with new herbal shisha tobacco products that are probably safer than traditional shisha tobacco.
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Key Takeaways from the Shisha tobacco Market Study
Impact of COVID-19 on the Market
Health officials are advising the public to stay away from large groups in light of the COVID-19 epidemic, which has resulted in a growing list of event cancellations and closures. Additionally, the closing of businesses, the expansion of unemployed people, and the paucity of materials all increase the dependence of developing nations on industrialised nations.
Additionally, people develop healthy habits as a result of the trade ban, shifting personal preferences, and growing health concerns. Additionally, people, particularly millennials, had no choice due to the shuttered cafés, bars, and restaurants, which reduced demand and sales in the shisha cigarette business.
Who is Winning?
Leading shisha tobacco producers are concentrating on introducing flavours depending on regional demand and then marketing them globally to drive shisha tobacco sales globally.
Major companies operating in the shisha tobacco market include Fumari Hookah, Haze Tobacco, LLC, Tangiers Inc., Al Fakher Tobacco Trading, Japan Tobacco Inc., Alchemist Tobacco Co., Soex India Pvt. Ltd, Middle East for Tobacco, Al-Tawareg Tobacco Molasses Company, Arabic Factory of Smoking, Al Zawrae Industrial Company, Romman Tobakko, Ugly Tobacco
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Global Shisha Tobacco Market by Category
By Product Type:
By Flavor:
By Sales Channel:
By Region:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market
APAC Shisha Tobacco Market , ASEAN Shisha Tobacco Market , BRICS Shisha Tobacco Market , Europe & Asia Pacific Shisha Tobacco Market , Indonesia Shisha Tobacco Market , Japan Shisha Tobacco Market , MENA Shisha Tobacco Market , North America Shisha Tobacco marke
Jul 27, 2022
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