Hookah flavor is a type of combustible tobacco that is smoked with a hookah. Due to rapid rise in health consciousness, hookah flavor product manufacturers have invested in R&D of several low-risk tobacco products. As a result, these businesses have been able to maintain profits while also expanding their existing customer base. Innovative marketing techniques that industry players use to attract and target potential consumers particularly the young population.
MARKET DYNAMICS
Rising per capita income has given market participants more ways to raise product prices and shift toward premium products. It is consumed for its benefits that calm and energize the mind. Furthermore, growing hectic and stressful lifestyles have resulted in an increase in the number of both male and female smokers. In addition, hookah flavor product manufacturers have been releasing feminine-labeled products to increase the number of female consumers. Flavor-infused hookah tobacco has been gaining significant popularity among millennial population.
MARKET SCOPE
The "Global Hookah Flavor Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the hookah flavor market with detailed market segmentation by flavors and distribution channel. The global hookah flavor market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hookah flavor market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The hookah flavor market is segmented into flavors, and distribution channel. By flavors, the hookah flavor market is bifurcated into citrus fruits, berries, mints, blends, and others. By distribution channel, the hookah flavor market is bifurcated into supermarkets & hypermarkets, specialty stores, online retail, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the hookah flavor market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The hookah flavour market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the hookah flavour market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the hookah flavour market in these regions.
MARKET PLAYERS
The report covers vital developments in the hookah flavour market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the hookah flavour market are anticipated to lucrative growth opportunities in the future with the rising demand for hookah flavor in the global market. Below mentioned is the list of few companies engaged in the hookah flavor market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hookah flavour market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- SOEX
- Philip Morris International Inc.
- Haze Tobacco
- ADALYA TOBACCO
- Altria Group Inc.
- Tangiers Tobacco Ltd.
- Huksha
- Fumari
- Zomo America
- Social Smoke