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The entry of major multinational tobacco conglomerates into the hookah tobacco category through acquisitions and joint ventures is a trend worth monitoring, as it could materially accelerate market consolidation and change the competitive landscape during the forecast period

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Over the course of the next two decades, the company continued to grow, absorbing as many as 250 additional rival businesses (among them, Richmonds Lucky Strike Company) and, on top of growing its equity to $316 million (around $7.8 billion in todays dollars), was producing 80 percent of all of the tobacco products in the U.S., including cigarettes, plug tobacco, smoking tobacco and snuff