DUBLIN--(BUSINESS WIRE)--The "South Africa Charcoal Briquettes Market Research Report: By Type (Oval/Pillow, Round, Hexagonal, Coconut shell), Application (Barbecue, Industrial, Metallurgical Fuel) - Industry Analysis and Demand Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The market value is predicted to grow from $136.0 million in 2019 to $286.7 million by 2030. Furthermore, the market will progress at a CAGR of 8.8% between 2020 and 2030
The rich tradition of barbecue food is one of the main factors responsible for the growing sales of charcoal briquettes in South Africa. The people residing in this country love preparing barbecue food items on their own. During get togethers, parties, and other occasions, people like preparing barbecued food items, especially during the summers. Because of this tradition, the requirement for barbecue fuel such as charcoal briquettes is always high in the country.
Furthermore, charcoal briquettes are extensively used by the locals for daily cooking applications. Moreover, charcoal briquettes are widely preferred in the country over the conventionally used gas grills, on account of the fact that these briquettes not only provide a smoky flavor but also add a caramelized exterior to the food items, thereby making the dishes delectable. Additionally, barbecuing doesn't require huge amounts of fat such as oil and butter and therefore, barbecued food is considered very healthy.
Moreover, the country is one of the most favorite destinations for international tourists in the African continent. As per reports, as many as 10.4 million international travelers generated nearly $6.0 billion revenue from tourism activities in the country in 2019. Therefore, it can be said that the charcoal briquettes are not only used by the locals but they are also hugely popular among travelers, especially those wanting to try barbecue foods.
Apart from the aforementioned factors, the reducing prices of the charcoal briquettes are also positively impacting the growth of the South African charcoal briquettes market. People living and working there prefer these materials for cooking over other cooking fuels such as kerosene and liquified petroleum gas (LPG), because of their lower prices. As charcoal briquettes are made using various leftover materials (leftover powder after charcoal production), they cost lesser and are more affordable than the traditionally used cooking fuels.
Out of these, the barbecue category recorded the highest growth in the South African charcoal briquettes market in the past and this trend is likely to continue in the forthcoming years as well, primarily because of the surging tourism activities and the increasing number of international travelers in the country. Tourists come here for experiencing the country's rich culture, soul-satisfying cuisines, and scenic landscapes. According to South African Tourism, 29.0 million overnight trips were recorded in the country in 2019.
Hence, it can be safely concluded that the demand for charcoal briquettes would surge in South Africa in the upcoming years, mainly because of the ballooning popularity of barbecued food items in the country.
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Type
4.1.1.1 Oval/pillow
4.1.1.2 Round
4.1.1.3 Hexagonal
4.1.1.4 Coconut shell
4.1.1.5 Others
4.1.2 By Application
4.1.2.1 Metallurgical fuel
4.1.2.2 Barbecue
4.1.2.3 Industrial
4.1.2.4 Others
4.2 Market Dynamics
4.2.1 Trends
4.2.1.1 Increasing usage of instant-light charcoal briquettes
4.2.2 Drivers
4.2.2.1 Rich tradition of barbecue
4.2.2.2 Low cost of charcoal briquettes
4.2.2.3 Impact analysis of drivers on market forecast
4.2.3 Restraints
4.2.3.1 Environmental regulations with respect to deforestation
4.2.3.2 Impact analysis of restraints on market forecast
4.3 Value Chain Analysis
4.4 Impact of COVID-19
4.4.1 Global Share by Countries
4.4.1.1 Contribution of countries toward global manufacturing output
4.4.1.2 Contribution of Countries toward Global Export and Import (2019)
4.4.1.2.1 Top 20 countries by export ($B)
4.4.1.2.2 Top 20 countries by import ($B)
4.4.2 Global Scenario of COVID-19 Impact
4.4.3 Assessment of COVID-19 Impact on GDP and Economic Forecast
4.4.3.1 Assessment of COVID-19 impact on workforce across various sectors
4.4.4 Impact of Covid-19 on South Africa Charcoal Briquettes Market
4.5 Porter's Five Forces Analysis
Chapter 5. Import-Export Analysis
5.1 Import-Export Analysis of Charcoal Briquettes in South Africa
Chapter 6. South Africa Market Size and Forecast
6.1 By Type
6.2 By Application
Chapter 7. Competitive Landscape
7.1 List of Other Players
7.2 Offering of Key Players
Chapter 8. Company Profiles
- E & C Charcoal (Pty) Ltd.
- Ignite Products
- Namchar (Pty) Ltd.
- Braai & BBQ
- Umlilo Charcoal Products (Pty) Ltd.
- SAFIRE CHARKA (Pty) Limited
- Safari Braai Products
- Blaze Braai
- Rapid Fire Charcoal and Briquettes CC
- Braaistar
For more information about this report visit https://www.researchandmarkets.com/r/f6q8xx.
