The Hookah Tobacco Market is being driven by Increasing launch of new products
The Hookah Tobacco Market is expected to grow at a CAGR of 4.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 771.5 million. The global hookah tobacco market is experiencing significant growth opportunities due to the expansion of e-commerce businesses worldwide. This retail channel, which supports both business-to-business (B2B) and business-to-consumer (B2C) transactions, is witnessing an upward trend in the average transaction value and the number of online sales. Key drivers of this growth include the increasing number of internet users and their propensity to make immediate purchases. The growing pool of online shoppers worldwide is expected to lead to a substantial increase in sales for hookah tobacco companies operating in the digital marketplace.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
237 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.8% |
Market growth 2025-2029 |
USD 771.5 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
4.3 |
Key countries |
US, Jordan, Saudi Arabia, China, UK, Lebanon, Germany, Japan, India, and UAE |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Hookah Tobacco Market encompasses various products such as herbal tobacco, fruits, mint, chocolate, and more. These are primarily sold in bars and cafes, specialty stores, and lounges. Nicotine is present but not the main draw, as dopamine release from the aromatic substances, including molasses in syrupy form, is the primary attraction. However, health concerns, including cancer risks, loom large. Retailers cater to consumers below 18 years through indirect channels, offering fruit and confectionary flavors, as well as spices and beverages, to mitigate the influence of peer pressure. Hookah apparatus is essential, made from tobacco, water, glycerin, and aromatic substances. Shisha and flavored tobacco are popular choices.
The hookah tobacco sector represents a niche segment within the broader global tobacco market, focusing on the production and sale of hookah tobacco and related products. This market segment caters to consumers seeking relaxing, refreshing, and energizing experiences through the use of hookah water pipes. Hookah tobacco is typically available in a molasses syrupy form and is enjoyed in social settings. The hookah tobacco market growth is driven by the expanding consumer base, with the global population projected to grow at a rate of approximately 1%. Premiumization and the shift towards online retailing are also key trends in this market, as consumers increasingly seek high-quality, convenient purchasing options for their hookah tobacco needs.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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