NEWARK, DE / ACCESSWIRE / November 1, 2022 / As per Future Market Insights (FMI), the GCC shisha tobacco market is poised to expand at a CAGR of 6.1% over the forecast period (2022-2032). Sales in the market are projected to increase from US$ 949.4 Mn in 2022 to US$ 1,724.3 Mn by the end of 2032.
With diseases becoming increasingly prevalent in this era, a strong focus is turned towards finding the biologically harmful culprits in food and other industries dealing with better life and survival. This focus has lately included the detailed inspection of niche products within the tobacco industry. Water pipe smoking is not expected to escape the iron claws of research for long, which will stamp the truth regarding its harmful nature. Soon, research and development may lead to prohibitions or restrictions on the shisha tobacco market.
For instance, Hookain, the famous shisha tobacco brand, now sells non-nicotine steam stones and conventional shisha tobacco. They are produced from natural soapstone soaked in molasses and have "an extra 30% of flavor to compensate for the lack of nicotine while simultaneously offering an explosion of pure taste." Athletes frequently swap them for traditional tobacco products. At least in the GCC market, nicotine-free alternatives such as steam stones will be the dominant trend of the future, pushing the evolution of shisha smoking.
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Key Takeaways from the Shisha tobacco market Study
- In terms of sales channel, direct sales segment is expected to account for maximum sales in the GCC shisha tobacco market.
- By product type, the strong shisha tobacco segment is expected to gain traction over the upcoming decade.
- Based on flavor, the fruit flavors are expected to witness immense growth in the GCC shisha tobacco market
- UAE shisha tobacco market is projected to witness robust growth in the GCC shisha tobacco market between 2022 and 2032
"Leading manufacturers in the GCC shisha tobacco market have increased their R&D efforts in order to extend their product range and produce a product which is less harmful for health. Businesses are focusing on new potential markets in order to grow their consumer base and establish a stronger regional presence." Says an FMI analyst.
Who is winning?
Leading shisha tobacco manufacturer are focusing on aggressive promotional techniques, commercials, and new product launches to boost shisha tobacco sales growth in GCC. Major players present in the shisha tobacco market are Al-Eqbal Company for Investment PLC, Gulbahar Group, Samara Premium Tobacco Molasses, MSG Group of Companies, Romman Shisha Ltd., Middle East Tobacco Co. Ltd, Al Zawrae Industrial Company, Ugly Tobacco Hookah Inc., and Eastern Tombac & Tobacco Establishment among others
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Get More Valuable Insights
Future Market Insights' latest offering provides an independent study of the global shisha tobacco market, including historical demand data (2017-2021) and forecast statistics for the shisha tobacco from 2022-2032.
The study divulges compelling insights on the shisha tobacco market based on the shisha tobacco market by product type (Strong Shisha Tobacco, Mild Shisha Tobacco, and Light Shisha Tobacco), Flavor (Fruit, Chocolate, Caramel, Mint, Blended, and Others), Sales Channel ( Direct Sales, Hypermarkets/ Supermarkets, Specialty Stores, Convenience Stores, Independent Small Stores, Online Retailers and other Sales Channel) across six major countries.
GCC Shisha Tobacco Market by Category
By Product Type:
- Strong Shisha Tobacco
- Mild Shisha Tobacco
- Light Shisha Tobacco
By Flavor:
- Fruit
- Chocolate
- Caramel
- Mint
- Blended
- Others
By End User:
- Beginner/ New Diver
- Casual Diver
- Active Diver
- Advanced/ Professional Diver
By Sales Channel:
- Direct Sales
- Hypermarkets/ Supermarkets
- Specialty Stores
- Convenience Stores
- Independent Small Stores
- Online Retailers
- Other Sales Channel
By Country:
- KSA
- UAE
- Bahrain
- Kuwait
- Qatar
- Oman
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Table of Content
1. Executive Summary
1.1. GCC Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. FMI Recommendations and Opportunity Assessment
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.1.1. Consumer Misconception About the Harmful Effects of Water Pipe Smoking
3.1.2. Social Acceptability & Peer Pressure Due to Lounge and Café Culture
3.1.3. Sensory Appealing Characteristic of Shisha Tobacco as Opposed to Other Forms of Smoking
3.1.4. Middle Eastern Immigrants are the Trend Setters in Many Parts of the World
3.1.5. Others
3.2. Product Innovation Trends
3.3. Future Prospects of GCC Shisha Tobacco Industry
3.3.1. Factors Fueling Growth
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Roll-Your-Own Tobacco Products Market:
In 2022, the global roll-your-own tobacco products market is likely to hold a value of US$ 30.8 Billion. With a CAGR of 3.8%, the market is projected at US$ 44.6 Billion during the forecast period from 2022 to 2032. Expansion of the market can be attributed to the significant increase in consumption of tobacco products amongst the millennials.
Premium Cigarette Market:
The global premium cigarette market is expected to be valued at US$ 10,530 Million in 2022. The availability of premium cigarettes will see significant growth in the long run, owing to the fact that some people are willing to spend more on their smoking habit.
Shisha Tobacco Market:
The shisha tobacco market is estimated at US$ 19 Bn in 2022 and is projected to reach US$ 26 Bn by 2032, at a CAGR of 2.8% from 2017 to 2021. Share of shisha tobacco market in its parent market (tobacco market) is close to ~4%.
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About Future Market Insights, Inc.
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SOURCE: Future Market Insights Inc.