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Global Hookah Tobacco Market 2018-2022 | Increasing Launches of New Flavours in Hookah Tobacco to Boost Demand | Technavio

January 2, 2019

LONDON--(BUSINESS WIRE)--Jan 2, 2019--The global hookah tobacco market 2018-2022 is expected to post a CAGR of close to 9% during the forecast period, according to the latest market research report by .

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Technavio predicts the global hookah tobacco market to post a CAGR of close to 9% by 2022. (Graphic: Business Wire)

A key factor driving the growth of the market is increasing launches of new flavors in hookah tobacco. The growth of the global hookah tobacco market is accelerating since the last decade due to the increasing number of launches of innovative products and new flavors. To expand their customer base vendors have launched innovative products and new flavors which are influenced by the growing demand of hookah tobacco products in various countries. Thus, the increasing launches of new flavors are expected to drive the market.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the rising trend of online retailing as one of the key emerging trends in the global hookah tobacco market:

Global hookah tobacco market: The Rising trend of online retailing

To enhance the profitability of the hookah tobacco market, the growth of e-commerce businesses worldwide has offered tremendous potential to the vendors. Nearly 12% of the global retail trade belongs to online retailing and both B2B and B2C operation are supported by online and e-commerce channels. Also, the growing preference of online shopping among consumers is attributable to the convenience of paying for the orders using credit or debit cards, which helps them in avoiding time-consuming journeys and billing queues. Thus, the rising trend of online retailing is encouraging various manufacturers to concentrate on the internet-savvy customer segment and explore the new online retail format.

“In 2017, the internet penetration rate in the UK was around 94.80%, which is indicative of the increasing popularity of online retailing in the country. Thus, the rising number of online retailing across the world will further translate into an increase in the sales of hookah tobacco products,” says a senior analyst at Technavio.

Global hookah tobacco market: Segmentation analysis

This market research report segments the global hookah tobacco market by product (strong hookah tobacco, mild hookah tobacco, and light hookah tobacco) and geographical regions (APAC, EMEA, and the Americas).

EMEA led the market in 2017 with a market share of close to 67%, followed by APAC and the Americas respectively. The dominance of the Americas can be attributed to the increasing launches of new flavors in hookah tobacco and product innovation in the market.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20190102005279/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: RETAIL TOBACCO

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 01/02/2019 07:24 AM/DISC: 01/02/2019 07:24 AM

http://www.businesswire.com/news/home/20190102005279/en

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