Industry Background:
Chafing fuel is a fuel used for heating food, typically placed under a chafing dish. It is usually sold in a small canister and burned directly within that canister, with or without a wick. The raw materials of this fuel contain methanol, ethanol, or diethylene glycol, as these may be burned safely indoors, and produce minimal soot or odor. These fuels are also used for emergency heating, outdoor cooking, and fondue. Presently, consumers are more inclined toward tourism, camping, and picnics. This has raised the demand for portable energy storage devices utilized for food heating purposes.This growth is primarily driven by Growing number of restaurants serving food in chafing dishes
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Integrated Oil & Gas sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as OMEGA (United Kingdom), Hollowick (United States), Lumea (United Kingdom), G.S.Industries (India), Scientific Utility (Canada), Sterno (United States), BLAZE (United States), Chef Link (Australia), CandleLand (United States), Flamos (Hong Kong) and Dine-Aglow Diablo (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In 2019, Sterno announced its commitment to minimize the company's overall carbon footprint connected with keeping food hot at the National Restaurant Association Show in Chicago. The effort, which will deliver redesigned chafing fuel cans that use less steel, cardboard, and non-renewable materials, aims to reduce Sterno's environmental effect, from landfill trash to greenhouse gas emissions, while continuing to produce the same quality products on which customers rely.The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies.
Influencing Trend:
Huge investment in research and development
Market Growth Drivers:
Growing number of restaurants serving food in chafing dishes and Highly portable nature and light weight
Challenges:
Availability of cheap alternatives
Restraints:
Fluctuation in prices of raw materials such as natural gas and crude oil and Stringent regulations related to bottling of chafing fuel
Opportunities:
Increasing demand for activities such as camping, picnics, and other outdoor activities propelling the demand for warm and hygienic food
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Chafing Fuel Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Chafing Fuel Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Chafing Fuel players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Chafing Fuel Study Sheds Light on
The Chafing Fuel Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Chafing Fuel industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Chafing Fuel industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.