NEW
YORK, July 1, 2024 /PRNewswire/ -- The global
hookah tobacco market size is estimated to grow by
USD 705.2 million from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of almost 4.57% during the forecast period.
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This growth is driven by several factors, including:
- Increasing Popularity of Online Retailing: E-commerce is
a significant growth channel for the hookah tobacco market,
accounting for roughly 12% of global retail sales. This trend is
driven by factors such as the expanding internet user base and
consumers' preference for online shopping due to its convenience
and security.
- Diverse Flavor Offerings: The market offers a wide
variety of flavors to cater to consumer preferences. Popular
options include fruits, mint, and chocolate, with some brands
offering unique blends and aromas. Additionally, there's a growing
demand for organic and natural hookah tobacco.
However, the market also faces challenges:
- Stringent Regulations: Stringent regulations on hookah
tobacco consumption in various countries, such as bans on public
consumption or product sales, could significantly hinder market
growth.
- Health Concerns: Hookah tobacco contains nicotine and
dopamine, which are addictive and can lead to health problems like
cancer.
Key Market Players:
The hookah tobacco market consists of various players,
including:
- Al Fakher Tobacco Trading
- Amazing Tobacco
- ASA Produktions GmbH
- British American Tobacco Plc
- Chan Ning Dekang Biotechnology Co. Ltd.
- Cloud Tobacco
- Eastern Tombac and Tobacco Est.
- FLAVORS OF Americas Co.
- Fumari
- Haze Tobacco LLC
- Hertz Flavors GmbH and Co. KG
- Japan Tobacco Inc.
- La Montagne Verte Sarl
- MUJEEB WAJID GROUP
- Philip Morris International Inc.
- Romman Tobakko
- Shisha Tobacco Factory
- SOEX India Pvt. Ltd.
- Starbuzz Tobacco Inc.
- Ugly Hookah
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Market Segmentation:
The hookah tobacco market is segmented by product, application,
and geography.
- Product: Strong Hookah Tobacco (SHT), Medium Hookah
Tobacco (MHT), and Light Hookah Tobacco (LHT)
- Application: Fruit-flavored Hookah Tobacco (FrHT),
Beverage-flavored Hookah Tobacco (BevHT), Coffee-flavored Hookah
Tobacco (CfHT), and Other Flavored Hookah Tobacco (ScHT)
- Geography: Middle East and Africa, Europe, Asia
Pacific (APAC), North
America, and South
America
Overall, the hookah tobacco market is expected to experience
moderate growth despite facing challenges from regulations and
health concerns. The increasing popularity of online retailing
and the introduction of new and innovative products are likely to
support market growth in the coming years.
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SOURCE Technavio