Electronic Hookah Market To Grow By USD 1.10 Billion (2024-2028) As Consumer Disposable Income Rises AI-Redefined Market Landscape Report - Technavio

NEW YORK, Oct. 31, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The global
electronic hookah market
size is estimated to grow by USD 1.10 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of
13.4%
during the forecast period. Growing disposable income among consumers
is driving market growth,
with a trend towards
rise in adoption of electronic hookah among millennials. However,
health issues associated with use of electronic hookahs
poses a challenge market players include Aspire Vape Co., Eleaf Group, GD SIGELEI Electronic Tech Co. Ltd., Geekvape, IJOY Group, Innokin Technology Ltd., Joyetech Electronics Co Ltd., JWell, LOSTVAPE, Rincoe Technology Co. Ltd ., Shenzhen dovpo Technology Co. Ltd., Shenzhen Electronic Technology Co Ltd., Shenzhen FreeMax Technology Co. Ltd., Shenzhen Hellvape Technology Co. Ltd., Shenzhen IVPS Technology Co Ltd., Shenzhen Kanger Technology Co. Ltd., Shenzhen Smoore Technology Ltd, Shenzhen UWELL Technology Co. Ltd., Stefen Zhang and Vandy Vape Technology Co. Ltd., and VOOPOO.

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Key Market Trends Fueling Growth

The electronic hookah market is experiencing notable growth, particularly among millennials and Generation Z. According to demographic data from July 1, 2022, to July 1, 2023, these generations have significantly increased their population weight. In Canada, Gen Z has surpassed Generation X, and in China, millennials account for 28% of total income among active consumers. India also has a substantial millennial population of 440 million, making up 34% of the country's total population. These demographic shifts present a significant market opportunity for electronic hookah products. Moreover, hookah smoking prevalence is high among young people in the Eastern Mediterranean region, with some countries reporting higher hookah use among children than cigarette smoking. In the US, 8.4% of university students are current hookah smokers, and 30.4% of hookah users have never smoked cigarettes. In the EU, 16% of respondents had tried a hookah at least once. Prevalence rates in South Asia were highest in Bangladesh for men (1.3%) and India for women (0.6%). These trends suggest a growing acceptance and adoption of electronic hookahs among millennials, influenced by cultural shifts and demographic changes across various regions.

The Electronic Hookah Market is thriving, with trends like Flavor Options, Vaping Culture, and Smart Technology Integration driving growth. E-hookahs offer a wide range of Battery-powered heating systems and E-liquids with various Flavors and Nicotine concentrations, catering to non-traditional tobacco product preferences. Indoor and Outdoor Smoking settings, Social Gatherings, and Nightclubs are popular venues for e-hookah use. Rechargeable, Disposable, and Portable E-hookahs, LED E-hookahs, and EHookahs are popular choices. E-commerce platforms and Online Sales Channels have made purchasing E-hookahs convenient. Public health considerations and Healthier Lifestyle choices are influencing the market, with Nicotine substitutes and Mechanical Ecigarettes (Mods) like Timesvape gaining traction. E-hookah Design and Flavor Selections continue to innovate, with Dessert and Candy flavors leading the way. However, Health Hazards remain a concern, and Retail Channels offer education and guidance. Overall, the Electronic Hookah Market represents Modern Smoking Alternatives for consumers.

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Market
Challenges

• The electronic hookah market faces challenges due to health concerns associated with its use. Although electronic hookah vapor contains fewer toxicants than traditional tobacco smoke, it still poses risks. Users may inhale harmful chemicals like nicotine and flavoring agents. Elevated systemic markers of inflammation, such as high-sensitivity
  C-reactive protein, fibrinogen, and tumor necrosis factor-α, are linked to inflammatory conditions and chronic diseases. Propylene glycol and glycerol in electronic hookahs can irritate airways, leading to respiratory issues, particularly for those with pre-existing conditions. Cardiovascular health is also at risk due to toxic chemicals damaging blood vessels and increasing the risk of cardiovascular disease. Studies indicate electronic hookah use can lead to increased heart rate and blood pressure. Vaping can cause permanent lung scarring, leading to long-term health problems like asthma and COPD. Reproductive health is another concern as chemicals inhaled during electronic hookah use can negatively impact fertility. These health risks underscore the need for continued research and regulation in the electronic hookah market.
• The Electronic Hookah Market faces several challenges as it seeks to expand its customer base. Flavor options are crucial, with consumers desiring a wide range of dessert and candy flavors, as well as nicotine substitutes. Vaping culture is growing, but health concerns persist, particularly regarding e-liquids and nicotine concentrations. Smart technology integration, such as rechargeable and portable e-hookahs, LED lights , and app control, is essential to meet consumer demands. Indoor and outdoor smoking restrictions impact sales channels, with e-commerce becoming increasingly important. Public health considerations require careful attention, particularly regarding disposable e-hookahs and hookah culture. Retail channels and online sales platforms must adapt to offer modern smoking alternatives and cater to changing consumer preferences. E-hookahs, including rechargeable, disposable, and portable models, offer a healthier lifestyle alternative to traditional hookahs and mechanical ecigarettes (mods) like Timesvape.

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Segment Overview

This electronic hookah market report extensively covers market segmentation by