Self Heating Instant Hot Pot Market by Distribution Channel and Geography - Forecast and Analysis 2022-2026
| Published: Oct 2022 | Pages: 106 | SKU: IRTNTR74538 |
The self heating instant hot pot market share is expected to increase by USD 382.48 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.18%.
The report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the market segmentation by distribution channel (online and offline) and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The market report also offers information on several market vendors, including HAIDILAO INTERNATIONAL HOLDING Ltd., Shanghai Moxiaoxian Food Co. Ltd., Xiaolongkan Hotpot, HONG PHAT IMPORT EXPORT Co. Ltd., and CHONGQING RUYA TECHNOLOGY Co. Ltd. among others.
What will the Self Heating Instant Hot Pot Market Size be During the Forecast Period?
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Self Heating Instant Hot Pot Market: Key Drivers, Trends, and Challenges
The rise in the use of self-heating products by hot pot restaurants is notably driving the market's growth, although factors such as fluctuating raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the self heating instant hot pot industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Self Heating Instant Hot Pot Market Driver
The rise in the use of self heating products by hot pot restaurants is one of the factors driving the market's growth. HaiDiLao, a famous chain of hot pot restaurants, is also a top self-heating instant hot pot brand. It makes use of the self-heating feature to expand the use of hot pots and the appeal of its brand to domestic gatherings. Even though each service costs about $5.53, it is a reasonable option for people who cannot afford to eat out more frequently. Without a doubt, HaiDiLao's reputation has contributed significantly to improving its image and drawing customers to the self-heating format of instant hot pots. Such factors are anticipated to accelerate the growth of the market during the forecast period.
Key Self Heating Instant Hot Pot Market Trend
Target snacking occasions are one of the key market trends fueling the market growth. Self-heating capabilities, which allow meals such as hot pot and rice/noodles to be made available in a packaged, shelf-stable format through retailers, have spurred a huge, quick rise of the market in recent years. Sales have increased even more as a result of the COVID-19 outbreak as consumers were seeking greater convenience and culinary experiences. Given the dislike that many consumers have for cold food and drink, the self-heating model has the potential to expand into new categories, including snacks, drinks, and even dairy. Thus, these factors are expected to drive the growth of the market during the forecast period.
Key Self Heating Instant Hot Pot Market Challenge
Fluctuating raw material prices are one of the factors impeding market growth. Raw materials such as aluminium, paper, and plastics have volatile prices based on their availability. Also, the growing gap between their supply and demand in recent years has increased the costs of raw materials considerably. Any increase in the price of raw materials, such as plastic, increases the manufacturing cost of packaging and leads to lower profit margins for vendors. Furthermore, to remain competitive in the market, manufacturers are experimenting with low-cost substitutes, which might compromise the quality of the product. All these factors are hindering the growth of the market during the forecast period.
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the global self heating instant hot pot market as a part of the global metal and glass containers market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.
Who are the Major Self Heating Instant Hot Pot Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- HAIDILAO INTERNATIONAL HOLDING Ltd.
- Shanghai Moxiaoxian Food Co. Ltd.
- Xiaolongkan Hotpot
- HONG PHAT IMPORT EXPORT Co. Ltd.
- CHONGQING RUYA TECHNOLOGY Co. Ltd.
This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is concentrated, and the vendors are deploying growth strategies such as quality, price, service, brand image, distribution, and marketing to compete in the market.
Product Insights and News
- hongphatfood.com - The company offers self-heating instant hot pots such as the Chongqin Spicy self-heating hot pot series.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The vendor profiles are designed to help clients improve their market position and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.
Self Heating Instant Hot Pot Market Value Chain Analysis
Our In-house experts produce extensive information on the value chain and parent market of the self heating instant hot pot market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also the optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
Which are the Key Regions for Self Heating Instant Hot Pot Market?
Get a glance at the market share of various regions by Requesting a PDF Sample now!
59% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for self heating instant hot pots in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The growing middle-class population will facilitate the market's growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 hampered the business operations of self heating instant hot pot vendors in APAC. However, in 2021, with the implementation of large-scale vaccination drives and partial relaxation in lockdown norms, there was an increase in demand for self heating instant hot pot products in the region as governments eased online delivery norms, which is expected to drive the growth of the regional market during the forecast period.
What are the Revenue-generating Distribution Channel Segments in the Self Heating Instant Hot Pot Market?
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The market share growth in the online segment will be significant during the forecast period. Customers are shifting from offline/brick-and-mortar stores to online retail stores, mostly owing to the wide penetration and geographical reach of e-retailers such as Amazon.com and JD.com. In addition, the growth in infrastructure suitable for the penetration of e-commerce services is also propelling the preference for the online distribution channel. Thus, the increased Internet penetration and the growing adoption of smartphones will drive the growth of the market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.
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Self Heating Instant Hot Pot Market Scope |
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Report Coverage |
Details |
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Page number |
166 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.18% |
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Market growth 2022-2026 |
$382.48 million |
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Market structure |
Concentrated |
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YoY growth (%) |
6.78 |
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Regional analysis |
APAC, North America, Europe, South America, and the Middle East and Africa |
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Performing market contribution |
APAC at 59% |
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Key consumer countries |
US, China, Japan, UK, and Germany |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
HAIDILAO INTERNATIONAL HOLDING Ltd., Shanghai Moxiaoxian Food Co. Ltd., Xiaolongkan Hotpot, HONG PHAT IMPORT EXPORT Co. Ltd., and CHONGQING RUYA TECHNOLOGY Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Self Heating Instant Hot Pot Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive market growth during the next five years
- Precise estimation of the market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behaviour
- The growth of the self heating instant hot pot industry across APAC, North America, Europe, South America, and the Middle East and Africa
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Distribution Channel
- 5.1 Market segments
- Exhibit 24: Chart on Distribution Channel - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Distribution Channel - Market share 2021-2026 (%)
- 5.2 Comparison by Distribution Channel
- Exhibit 26: Chart on Comparison by Distribution Channel
- Exhibit 27: Data Table on Comparison by Distribution Channel
- 5.3 Online - Market size and forecast 2021-2026
- Exhibit 28: Chart on Online - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Online - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Online - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Online - Year-over-year growth 2021-2026 (%)
- 5.4 Offline - Market size and forecast 2021-2026
- Exhibit 32: Chart on Offline - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Offline - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Offline - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Distribution Channel
- Exhibit 36: Market opportunity by Distribution Channel ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 North America - Market size and forecast 2021-2026
- Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.5 Europe - Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 China - Market size and forecast 2021-2026
- Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.9 US - Market size and forecast 2021-2026
- Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.10 Japan - Market size and forecast 2021-2026
- Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.11 UK - Market size and forecast 2021-2026
- Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.12 Germany - Market size and forecast 2021-2026
- Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 86: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 87: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification
- 10.3 CHONGQING RUYA TECHNOLOGY Co. Ltd.
- Exhibit 89: CHONGQING RUYA TECHNOLOGY Co. Ltd. - Overview
- Exhibit 90: CHONGQING RUYA TECHNOLOGY Co. Ltd. - Product / Service
- Exhibit 91: CHONGQING RUYA TECHNOLOGY Co. Ltd. - Key offerings
- 10.4 HAIDILAO INTERNATIONAL HOLDING Ltd.
- Exhibit 92: HAIDILAO INTERNATIONAL HOLDING Ltd. - Overview
- Exhibit 93: HAIDILAO INTERNATIONAL HOLDING Ltd. - Business segments
- Exhibit 94: HAIDILAO INTERNATIONAL HOLDING Ltd. - Key offerings
- Exhibit 95: HAIDILAO INTERNATIONAL HOLDING Ltd. - Segment focus
- 10.5 HONG PHAT IMPORT EXPORT Co. Ltd.
- Exhibit 96: HONG PHAT IMPORT EXPORT Co. Ltd. - Overview
- Exhibit 97: HONG PHAT IMPORT EXPORT Co. Ltd. - Product / Service
- Exhibit 98: HONG PHAT IMPORT EXPORT Co. Ltd. - Key offerings
- 10.6 Shanghai Moxiaoxian Food Co. Ltd.
- Exhibit 99: Shanghai Moxiaoxian Food Co. Ltd. - Overview
- Exhibit 100: Shanghai Moxiaoxian Food Co. Ltd. - Product / Service
- Exhibit 101: Shanghai Moxiaoxian Food Co. Ltd. - Key offerings
- 10.7 Xiaolongkan Hotpot
- Exhibit 102: Xiaolongkan Hotpot - Overview
- Exhibit 103: Xiaolongkan Hotpot - Product / Service
- Exhibit 104: Xiaolongkan Hotpot - Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 105: Inclusions checklist
- Exhibit 106: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 107: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 108: Research methodology
- Exhibit 109: Validation techniques employed for market sizing
- Exhibit 110: Information sources
- 11.5 List of abbreviations
- Exhibit 111: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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self heating instant hot pot market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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