According to the latest data from Future Market Insights (FMI), the shisha tobacco market reached an estimated value of approximately USD 2,909.4 million in 2023. FMI projects that by 2033, this market is expected to soar to around USD 4,306.6 million, with a compound annual growth rate (CAGR) of 4.0% from 2023 to 2033.
Currently, there’s a notable proliferation of shisha bars and lounges, leading to a significant demand for diverse flavored tobacco products. Available flavors range from herbal and fruity to dessert varieties.
Shisha, commonly referred to as hookah or water pipe tobacco, involves the production, distribution, and consumption of flavored tobacco smoked through a water pipe. It has a rich historical presence, particularly in regions across 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, hookah apparatus is designed such that it has a visually attractive appeal. This another factor keeping the hopes high for shisha tobacco market going forward.
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 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.
Key Takeaways from Shisha Tobacco market
- 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 the 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 to; thereby growing in 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 the 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 population into shisha tobacco smoking.
Competitive Shisha Tobacco
- Al Fakher Tobacco Trading, in 2022, did expand offering with respect to travel retail through launching Double Kick, that too, 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 Milano fan pack (its prominent pack).
Key Players Are:
- FUMARI
- Haze Tobacco
- Al Fakher Tobacco Factory
- SOCIALSMOKE
- Japan Tobacco Inc.
- SOEX
- Prince Molasses
- Romman Shisha
- Mazaya
- Ugly Hookah
- Cloud Tobacco
- Flavors of Americas S.A.
- Al Amir Tobacco
- STARBUZZTOBACCO.
- Nakhla
- MujeebSons
- Godfrey Phillips India Ltd.
- The Eastern Company
- ALWAHA-TOBACCO
- Others (As per Request)
Get Full Report Here: https://www.futuremarketinsights.com/checkout/7590
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, specialty 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.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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