Press Release

Shisha Tobacco Market to Grow with a CAGR of 6.6% Globally through 2028

Innovations in product offerings and changing consumer preferences are driving the Global Shisha Tobacco Market in the forecast period 2024-2028.

 

According to TechSci Research report, “Global Shisha Tobacco Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Shisha Tobacco Market stood at USD 942.18 Million in 2022 and is anticipated to grow with a CAGR of 6.6% in the forecast period, 2024-2028. The global shisha tobacco market has witnessed significant growth in recent years, driven by a combination of cultural traditions, changing consumer preferences, and evolving market dynamics. Shisha, also known as hookah or waterpipe tobacco, has a long history and cultural significance in many parts of the world, particularly in the Middle East and South Asia. However, its popularity has spread globally, leading to a vibrant and expanding market.

One of the key drivers of the global shisha tobacco market is the changing consumer preferences and lifestyle trends. Shisha smoking has transitioned from a cultural practice to a recreational activity enjoyed by people of diverse backgrounds. This shift is attributed to the appealing flavors, social nature, and relaxation associated with shisha smoking. Young adults and millennials, in particular, are drawn to shisha lounges and cafes, creating a steady demand for shisha products.

 

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Rising disposable income levels have also played a crucial role in the market's growth. As individuals and households experience increased income, they have more discretionary spending power. This has led to higher spending on leisure activities, including shisha smoking. In many regions, shisha is seen as a luxury or status symbol, further boosting its appeal among consumers with greater financial resources.

Emerging markets and globalization have contributed significantly to the expansion of the shisha tobacco market. Shisha culture has transcended its traditional boundaries, finding new enthusiasts in emerging economies across Asia, Africa, and Latin America. Urbanization, Western influence, and a desire for unique social experiences have fueled the rise of shisha smoking in these regions. Multinational tobacco companies have recognized the potential of these markets and are actively expanding their presence, intensifying competition and market growth.

Innovations in product offerings are another notable trend in the global shisha tobacco market. Manufacturers continually introduce new and exotic flavors to cater to evolving consumer tastes. The vast variety of available flavors, including fruit, mint, and dessert-inspired options, allows consumers to customize their shisha experience. Moreover, there is a growing trend toward healthier and tobacco-free alternatives, such as herbal shisha, which addresses health concerns associated with traditional tobacco.

However, the shisha tobacco market also faces significant challenges. Stringent regulatory measures are being implemented in many countries to address health risks associated with tobacco use. These measures include higher taxes on tobacco products, restrictions on smoking in public places, and warning labels on shisha packaging. Negotiating this complex regulatory landscape is a considerable challenge for manufacturers and distributors.

Health concerns and anti-tobacco sentiment are also impacting the shisha tobacco market. Increased awareness of the health risks associated with shisha smoking has led to negative perceptions among some consumers. Health organizations, governments, and advocacy groups actively campaign against tobacco products, including shisha, which can deter potential consumers and influence policymakers to implement stricter regulations.

Lastly, increased taxes and price sensitivity pose challenges to the shisha tobacco market. As governments seek to discourage tobacco consumption and generate revenue, they often impose higher taxes on tobacco products, including shisha. Price increases can lead to reduced sales, particularly among price-sensitive consumers. Additionally, price hikes can encourage illicit trade and the sale of counterfeit shisha products, impacting market integrity and profitability.

In conclusion, the global shisha tobacco market has experienced significant growth driven by changing consumer preferences, rising disposable incomes, emerging markets, product innovations, and cultural significance. However, it faces challenges in the form of stringent regulations, health concerns, evolving consumer preferences, increased taxes, and intense competition. Navigating these challenges while staying attuned to emerging trends is essential for sustained growth in this dynamic industry.

The Global Shisha Tobacco Market is segmented into product type, flavor, distribution channel, regional distribution, and company.

Based on product type the market is segmented into strong shisha tobacco, mild shisha tobacco, and light shisha tobacco.

Based on flavor the market is segmented into fruit, mint, chocolate, and others.

Based on distribution channel the market is segmented into direct sales and indirect sales.

Based on region the market is segmented into five regions, North America, Europe, Asia Pacific, Middle East & Africa, and South America.

 

Major companies operating in Global Shisha Tobacco Market are:

  • Fumari
  • Haze Tobacco
  • Al Fakher Tobacco Factory
  • Socialsmoke
  • Japan Tobacco Inc.
  • Soex
  • Prince Molasses
  • Romman Shisha
  • Mazaya
  • Cloud Tobacco

 

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“Innovation and product offerings is a significant trend that is expected to have an impact on growth over the forecasted period. Rising disposable income, changing consumer preferences, and flavor innovation and personalization will positively impact the Global Shisha Tobacco Market. Due to the wide range of products available to meet specific needs of, as well as the growing popularity of the online distribution channel, the market is growing at impressive rate through projected period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Shisha Tobacco Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type (Strong Shisha Tobacco, Mild Shisha Tobacco, Light Shisha Tobacco), By Flavor (Fruit, Mint, Chocolate, Others), By Distribution Channel (Direct Sales, Indirect Sales), By Region, By Competition, 2018-2028”, has evaluated the future growth potential of Global Shisha Tobacco Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Shisha Tobacco Market.

 

Contact

Mr. Ken Mathews

Techsci Research LLC

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New York, United States- 10170

Tel: +1-332-258-6602

Email: [email protected]

Website: www.techsciresearch.com

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