Tobacco Accessories Demand Analysis (2017 to 2021) Vs Market Outlook (2022 to 2032)

The global demand for smoking accessories is projected to increase at a CAGR of 4.2% during the forecast period between 2022 and 2032, reaching a total of US$ 101 Billion in 2032, according to a report from Future Market Insights (FMI). From 2016 to 2021, sales witnessed significant growth, registering a CAGR of 3.9%.

The increasing culture of smoking among the young population along with an increasing number of smoking cafes and bars across various regions is propelling market growth. According to the World Health Organization (W.H.O), in 2020, 22.3% of the global population used tobacco, 36.7% of all men, and 7.8% of the world's women.

Furthermore, the growing demand for smoking accessories in developing countries and the soaring adoption of fancy products in cafés and restaurants is further expected to fuel the market growth throughout the forecast period.

Which Drivers underpin Tobacco Accessories Industry Expansion?

Introduction of new flavors, flexibility and accessibility through online shops are some factors boosting growth prospects

The advent of several flavored tobaccos to be used in accessories and their growing popularity among smokers of all age clusters is driving the market for smoking accessories. Introduction of new flavors such as chocolate, fruit, menthol, and others to be used in water pipes and vaporizers and their extensive usage, demand, and popularity among the young population are aspects pushing market growth.

Additionally, the swelling use of smoking accessories such as water pipes owing to the perception that they are a healthier alternative for a cigarette as they filter out the smoke before inhaling is a principal factor that is stimulating the demand for smoking accessories thus contributing to market expansion.

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