Shisha Tobacco Market Analysis on Size, Cost Structure, Prominent Key Players Analysis and Forecast

Industry Analysis

Shisha tobacco is a mixture of tobacco, water, glycerin, flavor components, and aromatic substances, which is then smoked through a hookah apparatus. This flavored and aromatic tobacco is smoked by the majority of population due to its traits of relaxing an individual. With a number of flavor offerings for the product, the market is expected to undergo moderate growth in the forecast period due to its widespread adoption. Shisha also known as water pipe tobacco, argileh, maassel, hookah, or narghile in different region globally is a consumed for its relaxing and energizing effect. The shisha tobacco is molasses syrupy form of tobacco consumed through a water pipe or hookah and comes in different flavors.
Global Shisha Tobacco Market was valued at USD 882.54 million in 2021 and is expected to reach USD 1516.36 million by 2029, registering a CAGR of 7.00% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.
Shisha Tobacco Market research report has put forth a bench-marking example for a vibrant market that explores several recommendations and practical growth strategies in relation to the market. The market report covers a wide spectrum of regions and also focuses on key regions that include North America, Europe, Asia Pacific, Middle East, South America, and the Middle East & Africa (MEA). The chapter of the competitive landscape is presented well in the market research report and is analysed based on the tools such as Porter's five forces analysis. The study throws light upon market attractiveness where all the segments are arranged based on the compound growth rate, size, and general attractiveness.

Shisha Tobacco Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
• Surge in Misconception about the Harmful Effects of Water Pipe Smoking
In order to reduce cigarette smoking, many consumers are turning to water pipe smoking. The consumers are largely unaware of the harmful effects of shisha tobacco smoked through water pipes, despite the fact that shisha tobacco smoking is more harmful to health than cigarette smoking. This misconception is widespread among people who smoke and do not smoke. The most common logic supporting this misconception is that water absorbs the majority of the nicotine during shisha tobacco smoking, making it a safer alternative to cigarette smoking. However, despite the tobacco industry's downward spiral, this misconception is the primary reason for shisha tobacco's global growth.
• Surge in Female Smokers
As people's lives become more hectic and stressful, the number of male and female smokers has increased. Furthermore, tobacco companies have been releasing feminine-labeled products in order to increase the number of female consumers. Flavor-infused shisha tobacco is becoming increasingly popular among the millennial generation.
The increasing inclination towards shisha tobacco to escape everyday stress and boredom will further propel the growth rate of the shisha tobacco market. Furthermore, the increase in disposable money, rapid urbanization, rise in online retailing coupled with the rapid emergence of the e-commerce industry also boosts the overall market's growth.
Opportunities
• Research and Development and Marketing Techniques
Furthermore, the tobacco product manufacturers have invested in developing several low-risk tobacco products to further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the growth in innovative marketing techniques that players use to attract and target potential consumers will further expand the future growth of the shisha tobacco market.
Restraints/Challenges
• Adverse Effects of Shisha Tobacco
However, rising awareness about health concerns related to tobacco consumption will create hindrances for the growth of the shisha tobacco market. Rising cases of different types of cancer and heart failure will further derail the tobacco products market growth rate. Stringent regulations in the developing economies will also dampen the overall market growth.
• Stringent Regulations Associated with Shisha Tobacco
The government is intervening by imposing strict regulations and bans to reduce such repercussions and bad effects associated with the consumption and sales of shisha tobacco. The governments of various global players are formulating stringent regulations that will prove to be a demerit for the shisha tobacco market. Therefore, this factor is anticipated to challenge the shisha tobacco market growth rate.
Get full access to the report: https://www.databridgemarketresearch.com/reports/global-shisha-tobacco-market

Browse Related Reports:
https://pressrelease00.blogspot.com/2023/05/green-hydrogen-market-growth-industry.html
https://pressrelease00.blogspot.com/2023/05/shisha-tobacco-market-latest.html
https://pressrelease00.blogspot.com/2023/05/frozen-vegetables-market-opportunities.html

Contact Us:-
Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email:- corporatesales@databridgemarketresearch.com

About Data Bridge Market Research:

An absolute way to forecast what future holds is to comprehend the trend today!

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavours to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data Bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.

Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. We are content with our glorious 99.9 % client satisfying rate.

This release was published on openPR.