Hookah charcoal market size to grow by USD 25.20 million: Growth Driven by the growing number of bars and nightclubs- Technavio

NEW YORK, Feb. 16, 2023 /PRNewswire/ -- According to Technavio, the global hookah charcoal market size is estimated to grow by USD 25.20 million from 2020 to 2025. The market is expected to grow at a CAGR of 5.43% during the forecast period. Moreover, the growth momentum will accelerate. APAC will account for 31% of the market's growth. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. For more insights on the market, request a sample report

Hookah charcoal market - Five forces
The global hookah charcoal market is fragmented, and the five forces analysis covers– 

• Bargaining power of buyers 
• The threat of new entrants
• Threat of rivalry
• Bargaining power of suppliers
• Threat of substitutes
• For an interpretation of Porter's five forces model – Buy the report!

Hookah charcoal market – Customer landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Hookah charcoal market - Segmentation assessment

Segment overview
Technavio has segmented the market based on distribution channel (online and offline) and geography (APAC, North America, Europe, South America, and MEA). 

• The online segment will account for a significant share of the market's growth during the forecast period. Rapid changes in consumers' shopping preferences fuel the sales of hookah charcoal through online channels. In addition, product awareness through websites, blogs, and social media platforms such as Facebook, Twitter, Instagram, and YouTube will propel the segment's growth during the forecast period.

Geography overview
Based on geography, the global hookah charcoal market is segmented into APAC, North America, Europe, South America, and MEA. The report provides actionable insights and estimates the contribution of all regions to the growth of the global hookah charcoal market.

• APAC will account for 31% of the market's growth during the forecast period. China and India are the key contributors to the growth of the market in the region. Moreover, market growth in this region will be faster than the growth of the market in South America. The rise in demand for tobacco products, including hookah and cigarettes, in highly populated countries such as India and China will drive the hookah charcoal market growth in APAC during the forecast period

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Hookah charcoal market – Market dynamics
Key factor driving market growth

• The growing number of bars and nightclubs is driving the market growth.
• The rise in the number of bars, pubs, lounges, taverns, and nightclubs has increased the demand for various smoking accessories, including hookah charcoal.
• In developing countries such as India and China, the demand for hookah charcoal has been rising due to the hectic lifestyles of consumers.
• The increasing focus on socializing will also drive the market growth.
• These factors will propel the growth of the global hookah charcoal market during the forecast period.

Leading trends influencing the market 

• The increasing preference for socializing among the youth is a key trend in the market.
• Bars and nightclubs are popular spots for socializing, which is supporting the global hookah charcoal market growth.
• Exotic bars in major tourist areas attract the youth, with the rise in disposable income of the middle-class population.
• In addition, factors such as competitive pricing and the rising demand for tobacco have fueled the demand for hookah charcoal.
• Therefore, the hookah charcoal market is expected to grow during the forecast period.

Major challenges hindering market growth

• The harmful impacts of hookah consumption are challenging the market growth.
• Hookah consumption can lead to major health issues and is considered a leading cause of morbidity and mortality.
• The smoke released from hookah contains toxic compounds such as tar, carbon monoxide, and heavy metals.
• The carcinogens found in hookah smoke can cause lung cancer, stomach cancer, and esophageal cancer.
• Therefore, the risks of chronic diseases can negatively impact the growth of the global hookah charcoal market during the forecast period

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this hookah charcoal market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the hookah charcoal market between 2021 and 2025
• Precise estimation of the size of the hookah charcoal market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the hookah charcoal market across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of hookah charcoal market vendors

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Table of contents

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2020
• Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Distribution channel

• Market segments
• Comparison by Distribution channel
• Online - Market size and forecast 2020-2025
• Offline - Market size and forecast 2020-2025
• Market opportunity by Distribution channel

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2020-2025
• North America - Market size and forecast 2020-2025
• Europe - Market size and forecast 2020-2025
• South America - Market size and forecast 2020-2025
• MEA - Market size and forecast 2020-2025
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Cocobrico Ltd.
• Cocoyaya
• Fumari
• Haze Tobacco LLC
• HookahJohn
• Kaloud
• Nu Tobacco
• Starbuzz Tobacco Inc.
• TOM Cococha GmbH and Co. KG
• UrthTree

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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