Hookah Charcoal Market: Technavio Research Identifies APAC as the Dominant Region
Cocobrico Ltd., Cocoyaya, Fumari, Haze Tobacco LLC, HookahJohn, Kaloud, Nu Tobacco, Starbuzz Tobacco Inc., TOM Cococha GmbH and Co. KG, and UrthTree are some of the key vendors
The hookah charcoal market is expected to grow by $ 25.20 million, accelerating at a CAGR of 5.43% during the forecast period. This research report offers an in-depth analysis of the market with respect to different geographical segments. It also provides a detailed analysis of all the trends, drivers and challenges that will impact the market during the coming years. The report also offers a breakdown of all the regional players and their market share along with their product portfolio. This research analysis will provide our clients with the insights necessary to plan their growth strategy.
For a glimpse into our research analysis and insights: Request for our Free Sample Report
Hookah Charcoal Market: APAC to lead market growth during the forecast period
- Market is segmented by Distribution Channel (Online and Offline) and Geography (APAC, North America, Europe, South America, and MEA).
- Growth by the online distribution segment will be significant during the forecast period owing to rapid changes in shopping preferences of consumers. Product awareness through websites, blogs, and social media platforms such as Facebook, Twitter, Instagram, and YouTube will also stimulate market growth during the forecast period.
- 31% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Hookah Charcoal Market size.
- Growing number of bars, pubs, lounges, taverns, and nightclubs will be a significant factor in driving the growth of the hookah charcoal market. The demand for hookah charcoal has been rising in developing countries such as India and China due to the hectic lifestyles of consumers who seek to unwind and socialize at hookah bars.
- The opening of exotic bars at major tourist places attracts youth and millenials who have access to disposable income due to growing economy. Factors such as competitive pricing and rising demand for tobacco products have further fueled the demand for hookah charcoal. In addition, rapid urbanization and expansion of the middle-class consumer group will encourage investments in bar chains and nightclubs, which in turn will drive market
- This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will thus enable clients to assess their play in the market and plan for growth opportunities.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of 5.43%.
- What is the incremental growth of the market?
The market is expected to grow by $ 25.20 mn through 2021-2025.
- What is a key factor driving this market?
Growing number of bars and nightclubs will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market:
31% growth will originate from APAC
- Who are the leading market vendors?
The leading vendors in this market are Cocobrico Ltd., Cocoyaya, Fumari, Haze Tobacco LLC, HookahJohn, Kaloud, Nu Tobacco, Starbuzz Tobacco Inc., TOM Cococha GmbH and Co. KG, and UrthTree
- What are the market segments covered in this report?
The market is segmented by Distribution Channel (Online and Offline) and Geography (APAC, North America, Europe, South America, and MEA).
Market Segmentation by Distribution Channel
- Hookah Charcoal Market Split by Distribution Channel
- Hookah Charcoal Market Split by Geography
- North America
- South America
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Competitive scenario
- Vendor landscape
- Landscape disruption
- Cocobrico Ltd.
- Haze Tobacco LLC
- Nu Tobacco
- Starbuzz Tobacco Inc.
- TOM Cococha GmbH and Co. KG