Latest Breaking News On - Hookah tobacco market - Page 1 : vimarsana.com
The hookah tobacco market size is estimated to grow by USD 745.39 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 4.98%. The growth momentum will progress during the forecast period. The Middle East and Africa region is estimated to account for 30% of the market's growth during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Moreover, factors such
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NEW YORK, April 26, 2021 /PRNewswire/ --
The global tobacco market by end-user (combustible tobacco products and smokeless tobacco products) and geography (APAC, Europe, North America, MEA, and South America) has been added to Technavio's offering. The global tobacco market is expected to grow by USD 146.5 billion, at a CAGR of almost 4% during 2021-2025.
Technavio has announced its latest market research report titled Tobacco Market by End-user and Geography - Forecast and Analysis 2021-2025
The market witnessed a certain decline in the production volume of tobacco during the first few months of 2020 due to the rapid spread of COVID-19. This led to slow growth in the market for tobacco in 2020. However, rising demand from millennials and the growing prevalence of tobacco consumption among people are expected to fuel the market growth during the forecast period.
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