About Chafing Fuel
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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
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. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Chafing Fuel market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Chafing Fuel market by Type (Methanol, Ethanol, Diethylene Glycol and Others), Application (Commercial Use and Home Use) and Region.
On the basis of geography, the market of Chafing Fuel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Offline will boost the Chafing Fuel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
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
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.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Chafing Fuel Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.