From 2017 to 2021, the shisha tobacco market is expected to grow at a CAGR of 2.8 percent, reaching US$ 19 billion in 2022 and US$ 26 billion by 2032. The share of the shisha tobacco market in its parent market (the tobacco market) is around 4%.
2017-2021 Global Shisha Tobacco Market Outlook Compared to 2022-2032 Forecast
The rise of the shisha tobacco industry is being fueled by the rising trend of freshly added flavors in hookah, as well as the increasing acceptability of hookah tobacco in various theme-based restaurants, lounges, and cafés. As a result, during the forecast period, the shisha tobacco market is predicted to grow at a CAGR of 3% in terms of revenue.
How Consumer Misconception about the Harmful Effects of Water Pipe Smoking Leading to Product Sales?
To cut down on cigarette smoking, more consumers are turning to water pipe smoking. Consumers are mostly unaware of the adverse effects of shisha tobacco smoked using water pipes, even though shisha tobacco smoking is substantially more detrimental to health than cigarette smoking.
This is a common misperception among both smokers and non-smokers in the population. The most prevalent argument used to support this myth is that water absorbs the majority of the nicotine produced by shisha tobacco smoking, making it a safer option than smoking cigarettes. However, despite the tobacco industry’s downward trend, this misunderstanding is the primary reason for shisha tobacco’s global rise.
Shisha Tobacco Market Competitive Landscape
To develop their business globally, leading companies in the global market are focusing on product launches, restaurant partnerships, promotional activities, and other methods. Furthermore, players are incorporating the use of natural components in shisha tobaccos, which is expected to develop the industry and broaden the client base.
Ploom X, which is equipped with HEATFLOW, a feature that focuses on airflow, was released in 2021 by Japan Tobacco Co. Ploom X also has Bluetooth capabilities that allow it to connect to a user’s smartphone to monitor battery status, lock the gadget, and more.
Central issues Covered in Shisha Tobacco Market Survey
- Shisha Tobacco market gauges and figures 2017-2032
- Key drivers and limitations affecting business sector development
- Fragment wise, Country-wise, and Region-wise Analysis
- Contest Mapping and Benchmarking
- Brand offer and Market Share Analysis
- Key Product Innovations and Regulatory Climate
- Coronavirus Impact on Shisha Tobacco Market and How to Navigate
- Suggestions on Key Winning Strategies