What is the global market size of Hookah Tobacco Market?

Hookah Tobacco Market size was valued at USD 878.41 million in 2021 and is poised to grow from USD 935.51 million in 2022 to USD 1548.26 million by 2030, growing at a CAGR of 6.5% in the forecast period (2023-2030).

Who are the key vendors in the Global Hookah Tobacco Market?

The global hookah tobacco market is highly competitive due to the presence of a large number of local manufacturers across the globe. Key manufacturers include 'Al Fakher', 'Starbuzz', 'Fantasia', 'Social Smoke', 'Alchemist Tobacco', and more.

What is the key driver of Global Hookah Tobacco Market?

The key driver of the global hookah tobacco market is the relaxation effect it provides, especially in stressful environments. Hookah tobacco contains nicotine, which stimulates the release of dopamine in the brain, triggering positive feelings.

What is the key market trend for Global Hookah Tobacco Market?

The key market trend for the global hookah tobacco market is the growing demand for low-risk tobacco products. Manufacturers are investing in launching low-risk tobacco flavors and quality products to gain a competitive edge.

Which region accounted for the largest share in Global Hookah Tobacco Market?

North America holds the largest share in the global hookah tobacco market, with the USA leading due to the presence of numerous hookah tobacco producers and an increase in female smokers in the region.

Global Hookah Tobacco Market Size, Share, Growth Analysis, By Flavor(Fruits, Mint), By Age group(Below 18 Years, 18 to 30 Years), By Distribution Channel(Bars and Cafes, Specialty Stores), By Region(Asia Pacific, Europe) - Industry Forecast 2024-2031

Report ID: SQMIG30J2019 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 122 | Figures: 79

Global Hookah Tobacco Market Insights

Global Hookah Tobacco Market size was valued at USD 395.51 million in 2022 and is poised to grow from USD 421.22 million in 2023 to USD 697.11 million by 2031, growing at a CAGR of 6.50% during the forecast period (2024-2031).

Growing hectic and stressful lifestyles have resulted in an increase in the number of both male and female smokers. People between the age of 18 and 30 fall under the category of the largest number of hookah tobacco users. Most of the time it is peer pressure that people adopt such habits, ultimately creating revenue generation opportunities for this market in the coming years.

North America holds the maximum share in the market due to an increase in percentage of female smokers. It also has the largest number of hookah manufacturers in the world.

Major players are investing heavily on R&D to introduce new products such as herbal tobacco into the market. Herbal tobacco is gaining popularity as the traditional tobacco causes lots of health issues. However, it can also be a restraining factor challenging growth of the hookah tobacco market.

US Hookah Tobacco Market is poised to grow at a sustainable CAGR for the next forecast year.

Global Hookah Tobacco Market Report Snapshots

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FAQs

Global hookah tobacco market is highly competitive due to the presence of a large number of local manufacturers across the globe. Large manufacturers are focusing on new product launches and partnerships with restaurants to secure their market share in this highly competitive market.. 'Al Fakher', 'Starbuzz', 'Fantasia', 'Social Smoke', 'Alchemist Tobacco', 'Haze Tobacco', 'Fumari', 'Tangiers Tobacco', 'Trifecta Tobacco', 'Ugly Hookah Tobacco', 'Nakhla', 'Hookafina', 'Adalya', 'Black Lava', 'Nirvana Super Shisha', 'Al Waha', 'Mazaya Tobacco', 'Al Rayan', 'Al Sultan', 'Al Tawareg', 'In October 2022, NFL Biosciences partnered with Themis Medicare for the development of NFL-101 in India. It is a clinically developed, botanical drug that contains an insignificant amount of nicotine and is composed of well characterized, natural tobacco leaf proteins.', 'In April 2022, Al Fakher partnered with Dubai Duty Free to launch the Double Kick range.'

Nowadays people are experiencing high pressure at their office. The stress level of the people is projected to increase with time. The consumption of hookah tobacco gives an energizing and relaxing effect to beat the stress. Hookah tobacco contains nicotine which creates an immediate sense of relaxation in the human body. Nicotine stimulates the release of chemical dopamine in the brain. Dopamine is involved in triggering positive feelings.

Growth of Herbal tobacco: The adverse effect is limiting the growth of the market due to which there is a growing demand for several low risk tobacco products. Key manufacturers are investing heavily to launch low risk tobacco flavors and quality products to gain a competitive edge in the global market competition. Herbal tobacco is gaining popularity due to less side-effects as compared to the traditional ones.

North America holds the largest share across the globe and is expected to increase sales rate in coming years. Most of the products in this region are sold in bars and cafes. The USA holds the highest share in the region due to the existence of numerous hookah tobacco producers in the country. According to a report there is an increase of 20% of female smokers in the region.

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