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Additionally, the number of smokers has increased for both men and women as a result of our increasingly hectic and stressful lifestyles. To attract more female consumers, tobacco product manufacturers have also begun introducing products with feminine labels.
However, among millennials, flavor-infused shisha tobacco is becoming increasingly popular. According to a survey by the National Institutes of Health, 210 young adults participated, and 12% of them smoked cigarettes and 16% used waterpipes. 45% of waterpipe smokers smoked at home, while 88% did so at shisha bars. 18% of participants thought using a waterpipe was less risky than smoking cigarettes, and 62% of respondents were unaware that shisha waterpipes contained tobacco. This misconception is the main cause of shisha tobacco's global growth.
Shisha Tobacco's Sensory Appealing Characteristics Will Fuel Demand
The direct channel sector is anticipated to increase at the fastest rate throughout the forecast period. There are several direct channels via which shisha tobacco can be sold, including specialist parlours, restaurants, bars, and cafés that allow shisha smoking. Sharing shisha tobacco is a long-standing tradition, especially among young people. As a result, shisha cafés and restaurants have benefitted by adding shisha to their menu. These settings were focused on shisha tobacco, which supported its acceptance for use in social events. The availability of shisha tobacco is being promoted by an increasing number of companies across the world.
Recent Trends in the Shisha Tobacco Industry:
- The demand for premium shisha tobacco is rising, with consumers favouring high-quality, exotic blends.
- The industry is expanding with novel flavors, including herbal, floral, and savory options.
- Innovations in shisha equipment, including electronic hookahs, enhance efficiency and flavor consistency.
- The industry is adopting sustainable practices, focusing on eco-friendly packaging and responsible sourcing.
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Shisha Tobacco's Negative Effects and Regulations that Restrict Market Expansion
Furthermore, the shisha tobacco market faces significant challenges due to intensified anti-smoking campaigns that highlight the risks of shisha use, contributing to its decreasing popularity. Also, the emergence of other nicotine substitutes such as e-cigarettes and vapes makes people avoid regular shisha. Besides this, high costs relating to shisha tobacco and accessories which have been raised through import duties and taxation discourage potential customers. Other factors include irregular quality in the type of tobacco available and fluctuating raw material prices which also have an impact on production and pricing in the industry.
Strategic Price Adjustments and Innovative Auctions Shape Tobacco Sector Amid Economic Challenges
Additionally, NewsDay reports that Cavendish Lloyd Zimbabwe (CLZ) will hold two more auctions for shisha tobacco in May 2023. CLZ, a pioneer in shisha tobacco auctions, has emphasized the distinctive low nicotine content of their product under 1%, compared to traditional tobacco's 2-3%. The company achieved notable success in previous auctions, with sales rising from 60-80 bales on the first day to 300 bales on the second. The initiative involves 13 local farmers and features a tobacco strain with up to 30% sugar content, aiming to revolutionize the market with its economic and agricultural benefits.
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Asia-Pacific Region Excepted Hold Significant Portion of Shisha Tobacco Market
Due to the existence of several shisha tobacco manufacturers in the region, including Tangiers Inc., Fumari Hookah, Haze Tobacco, LLC, and others, North America is anticipated to be one of the key markets. Additionally, the businesses are gradually expanding their range of shisha tobacco products to include flavours, flavours for shisha and shisha components, and coal, giving customers a one-stop shop for smoking products. These strategies help enterprises in growing their consumer base and attracting international investment.
The region's market's primary source of revenue is China. Every year, a large number of individuals are attracted to the nation by its highly developed tourist industry, which means that the market's major contributors are likely to be cafés and restaurants. In addition, the country's harsh rules against smoking in public places would encourage the sale of shisha equipment for both residential and commercial uses, expanding the shisha tobacco market.
UAE is a very lucrative market for the shisha tobacco industry since the nation has a massive khat chewing habit, which serves as a precursor for shisha tobacco there. Additionally, people's rising health worries may influence them to switch to smoking herbal shisha, which would open up new market growth potential.
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Regions | Countries |
---|---|
North America | United States, Canada |
Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Central America Countries, Caribbean Countries, Rest of Latin America |
Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Poland, Netherlands, Switzerland, Belgium, Sweden, Austria, Norway, Denmark, Czech Republic, Rest of Europe |
Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Singapore, Malaysia, Philippines, Vietnam, Thailand, Bangladesh, Rest of Asia Pacific |
Middle East and Africa | GCC Countries, South Africa, Nigeria, Egypt, Turkey, Morocco, Ethiopia, Algeria, Israel, Iran, Iraq, Kenya, Rest of MEA |
Shisha Tobacco Market Research Report Covers In-depth Analysis on:
- Shisha tobacco market detailed segments and segment-wise market breakdown
- Shisha tobacco market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in shisha tobacco industry)
- Current, historical and forthcoming 10 years market valuation in terms of shisha tobacco market size (US$ Mn), volume (Units), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Shisha tobacco market demand analysis
- Shisha tobacco market pricing analysis over forecast period (by key segment and by region)
- Shisha tobacco market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in shisha tobacco market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in shisha tobacco market
- Shisha tobacco market sales and distribution strategies
- A comprehensive overview of parent market
- A detailed viewpoint on shisha tobacco market forecast by countries
- Mergers and acquisitions in shisha tobacco market
- Essential information to enhance market position
- Robust research methodology