Technavio has been monitoring the hookah tobacco market and it is poised to grow by USD 1.84 bn during 2020-2024, progressing at a CAGR of over 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Hookah Tobacco Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions:
What are the major trends in the market?
The popularity of online retailing is a major trend driving the growth of the market.
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 8.01% and the incremental growth of the market is anticipated to be $ 1.84 bn.
Who are the top players in the market?
Al Fakher Tobacco Trading, Altria Group Inc., Alzawrae Co., ASA Produktions GmbH, Fumari, Haze Tobacco LLC, Japan Tobacco Inc., Philip Morris International Inc., Shop Starbuzz, and SOEX, are some of the major market participants.
What is the key market driver?
The increasing frequency of new flavor launches is one of the major factors driving the market.
How big is the MEA market?
The MEA region will contribute 38% of the market share.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Al Fakher Tobacco Trading, Altria Group Inc., Alzawrae Co., ASA Produktions GmbH, Fumari, Haze Tobacco LLC, Japan Tobacco Inc., Philip Morris International Inc., Shop Starbuzz, and SOEX are some of the major market participants. The increasing frequency of new flavor launches will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Hookah Tobacco Market 2020-2024: Segmentation
Hookah Tobacco Market is segmented as below:
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Hookah Tobacco Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The hookah tobacco market report covers the following areas:
Hookah Tobacco Market Size
Hookah Tobacco Market Trends
Hookah Tobacco Market Industry Analysis
This study identifies the rising trend of online retailing as one of the prime reasons driving the hookah tobacco market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Hookah Tobacco Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist hookah tobacco market growth during the next five years
Estimation of the hookah tobacco market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the hookah tobacco market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of hookah tobacco market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product placement
SHT - Market size and forecast 2019-2024
MHT - Market size and forecast 2019-2024
LHT - Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by Application
Comparison by Application placement
FrHT - Market size and forecast 2019-2024
BevHT - Market size and forecast 2019-2024
CfHT - Market size and forecast 2019-2024
ScHT - Market size and forecast 2019-2024
Market opportunity by Application
MEA - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher priced units
Market positioning of vendors
Al Fakher Tobacco Trading
Altria Group Inc.
ASA Produktions GmbH
Haze Tobacco LLC
Japan Tobacco Inc.
Philip Morris International Inc.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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View source version on businesswire.com: https://www.businesswire.com/news/home/20200911005354/en/