The Latin America, Middle East and Africa Smoking Accessories Market would witness market growth of 6.9% CAGR during the forecast period (2023-2030).
The legalization of cannabis (marijuana) for both medical and recreational use in various regions has played a pivotal role in shaping the market. As cannabis has moved out of the shadows and into the mainstream, there has been a surge in demand for products that cater to cannabis consumers. This includes specialized smoking accessories designed explicitly for cannabis use, such as vaporizers, dab rigs, and innovative storage solutions.
One prominent trend in the market is the increasing emphasis on health and wellness. In an era where personal well-being is a top priority for many consumers, there is a notable shift towards seeking alternatives that offer a cleaner, potentially healthier smoking experience. Vaporizers, for instance, have gained popularity because they heat substances to a temperature that releases the desired compounds without combustion, reducing the harmful byproducts associated with traditional smoking. This aligns with the broader trend of seeking healthier lifestyle choices, even in the realm of smoking.
Saudi Arabia has a strong cultural tradition of tobacco use, primarily in the form of shisha or hookah smoking and the consumption of cigarettes. These traditional forms of tobacco use continue to dominate the market. The use of hookahs is deeply ingrained in Saudi Arabian culture. Hookah lounges and cafes are popular gathering places for socializing, contributing significantly to the demand for hookah-related accessories.
According to the National Library of Medicine, teenagers and young adults in Saudi Arabia are becoming increasingly likely to smoke pipes. Some people use private locations, such as Estrahas, where they can assemble for conversing and smoking in addition to the proliferation of waterpipe lounges and cafés. Therefore, the prevalent culture of using water pipes in the region will bolster the market's growth.
The Brazil market dominated the LAMEA Smoking Accessories Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,864.2 Million by 2030. The Argentina market is showcasing a CAGR of 7.5% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.6% during (2023 - 2030).
Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Type, the market is segmented into Vaporizers, Filter & Paper Tip, Waterpipes, Rolling Paper & Cigarette Tubes, Lighters, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Smoking Accessories Market is Projected to reach USD 90.6 Billion by 2030, at a CAGR of 4.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bull Brand, Moondust Paper Pvt. Ltd., British American Tobacco PLC, Imperial Brands PLC, The Rolling Paper Company, Univac Furncrafts Pvt. Ltd., Republic Technologies International, Curved Papers, Inc., Jinlin Group Co. Ltd., and Empire Glassworks.
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