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NEW YORK , Jan. 19, 2022 /PRNewswire/ -- The Hookah Charcoal Market is set to grow by USD 25.20 million between 2020 and 2025, accelerating at a CAGR of 5.43% as per the latest report by Technavio. The market is segmented by distribution channel (online and offline) and geography (APAC, North America , Europe , South America , and MEA). The report provides detailed insights into how vendors are performing in terms of revenue generation, market position, product launches, and customer base among others.
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Key takeaways from Hookah Charcoal Market study
Hookah Charcoal Market: Revenue Generating Segment
The hookah charcoal market share growth by the online segment will be significant for revenue generation. The rapid changes in the shopping preferences of consumers propel the sales of hookah charcoal through the online channel. Product awareness through websites, blogs, and social media platforms such as Facebook, Twitter, Instagram, and YouTube will also stimulate growth during the forecast period.
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Hookah Charcoal Market: Growth Drivers and Restraints
The growing number of bars and nightclubs is one of the key factors driving the global hookah charcoal market growth. The revenue generated by the hookah market has grown gradually and is expected to rise further during the forecast period. The growth is attributed to the rise in the number of bars, pubs, lounges, taverns, and nightclubs, which has led to a rise in the demand for various smoking accessories, including hookah charcoal. The demand for hookah charcoal has been rising in developing countries such as India and China due to the hectic lifestyles of consumers and the increasing preference for socializing, which will drive the growth in the market in focus during the forecast period.
However, one of the major challenges to the global hookah charcoal market growth is the harmful impacts of hookah consumption. Hookah consumption can cause major health impacts and is recognized as the leading cause of morbidity and mortality globally. The smoke released from hookahs contains various toxic compounds, such as tar, carbon monoxide, heavy metals, and cancer-causing chemicals (carcinogens) which are harmful to the consumers. This can cause lung cancer, stomach cancer, and esophageal cancer. Therefore, risks of chronic disease and communicable disease (by sharing hookah waterpipes) are projected to negatively impact the growth of the global hookah charcoal market during the forecast period.
The Hookah Charcoal Market report answers questions such as:
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Accelerate at a CAGR of 5.43%
APAC, North America, Europe, South America, and MEA
China, US, Germany, India, and Canada
Leading companies, competitive strategies, consumer engagement scope
Cocobrico Ltd., Cocoyaya, Fumari, Haze Tobacco LLC, HookahJohn, Kaloud, Nu Tobacco, Starbuzz Tobacco Inc., TOM Cococha GmbH and Co. KG, and UrthTree
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.
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