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Tobacco and Hookah Market Growing Tremendously with Better Market Opportunities From 2020-2025

Nov 12 2020: The global Tobacco and Hookah market is expected to display higher growth rate over the next seven years. Rapid surge in market of tobacco and hookah is credited to the rising tobacco consummation across the globe and changing lifestyle. Ever-growing cigarette smoking population worldwide and increasing product penetration in the global market are expected to drive the growth of market. Globally, market of tobacco and hookah is predicted to generate massive revenue over the next seven years, providing numerous opportunities for industry participants to invest in the market of tobacco and hookah.

Increasing frequency of new flavor in hookah tobacco and rising number of online as well as offline distribution channels are expected to foster the growth of tobacco and hookah market over the forecast period. Ever-growing smoking population, particularly in the Asia Pacific and Middle-East region, is propelling market demand for tobacco and hookah over the past few years. However, increasing efforts by local as well as international authorities regarding cancer awareness programs are expected to restrain market growth to a certain extent.

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The global tobacco and hookah market is expected to display higher growth rate over the next seven years. Rapid surge in market of tobacco and hookah is credited to the rising tobacco consummation across the globe and changing lifestyle. Ever-growing cigarette smoking population worldwide and increasing product penetration in the global market are expected to drive the growth of market. Globally, market of tobacco and hookah is predicted to generate massive revenue over the next seven years, providing numerous opportunities for industry participants to invest in the market of tobacco and hookah.

Increasing frequency of new flavor in hookah tobacco and rising number of online as well as offline distribution channels are expected to foster the growth of tobacco and hookah market over the forecast period. Ever-growing smoking population, particularly in the Asia Pacific and Middle-East region, is propelling market demand for tobacco and hookah over the past few years. However, increasing efforts by local as well as international authorities regarding cancer awareness programs are expected to restrain market growth to a certain extent.

Increasing number of hookah parlors and growing popularity of hookah bars among young population are further propelling market growth over the past few years. Availability of broad product range with unique flavors such as mint, apple, kiwi, blue mist and pirates cave are expected to drive more consumers over the coming years. In addition, use of low-cost raw materials and development of atheistically appealing hookah pots are further strengthening market growth over the past few years.

The tobacco and hookah market is broadly categorized into four major segments based on the flavor type such as fruit, confectionery, spices, beverages, and others. Fruit-based flavors segment is growing rapidly in the tobacco and hookah industry with substantial revenue generation in the last few years. Growing popularity of fruit-based flavors segment is attributed to the increasing online retailing and growing preference among consumers.

The tobacco and hookah market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in smoking population, existence of well-established distribution network in the region. In Middle-East region, UAE, Saudi Arabia, and Syria are projected to witness steady growth due to increasing popularity among young population and easy availability.

Asia-Pacific region is estimated to hold a major share in the tobacco and hookah market with massive growth in forecast period. Countries such as India, Bangladesh, Malaysia and Indonesia are leading the Asia-Pacific market with strong economic growth, rising per capita income, increasing number of hookah bars & parlors, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the tobacco and hookah market are Fumari Hookah Co., Haze Tobacco LLC, Tangiers Tobacco Ltd., Al Fakher Tobacco Trading Corp., Starbuzz Tobacco Inc., Nakhla Tobacco Co., Social Smoke GmbH, Alchemist Tobacco Co., Afzal Shisha (Soex India Pvt. Ltd.), and Argelini Corp.

The global Tobacco and Hookah market was valued at $709 million in 2017, and Radiant Research analysts predict the global market size will reach $1020 million by the end of 2028, growing at a CAGR of 3.36% between 2017 and 2028.

This report provides detailed historical analysis of global market for Tobacco and Hookah from 2013-2018, and provides extensive market forecasts from 2018-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Tobacco and Hookah market.

To Browse Full Research Report @:
https://www.radiantinsights.com/research/2013-2028-report-on-global-tobacco-and-hookah-market

Leading players of Tobacco and Hookah including:

• Starbuzz

• Fantasia

• Al Fakher

• Social Smoke

• Alchemist Tobacco

• Al-Tawareg Tobacco

• Haze Tobacco

• Fumari

Market split by Type, can be divided into:

• Fruit Flavor

• Mixed Flavor

• Herbal Flavor

Market split by Application, can be divided into:

• Female

• Male

Market split by Sales Channel, can be divided into:

• Direct Sales

• Distribution Sales

Market segment by Region/Country including:

• North America (United States, Canada and Mexico)

• Europe (Germany, UK, France, Italy, Russia and Spain etc.)

• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)

• South America Brazil, Argentina, Colombia and Chile etc.)

• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)

Continued………….


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