Charcoal Market Size, Share, Growth Analysis, By Product Type(Charcoal Briquettes, Lump Charcoal, Japanese Charcoal, Sugar Charcoal), By Application(Metallurgical Fuel, Barbeque, Filtration, Industrial), By Region - Industry Forecast 2024-2031

Charcoal Market Driver

The increase in urbanisation and rapid industrialization have created substantial demand for charcoal

• The growing urban population in developing countries is driving up demand for charcoal. Because of the ease of manufacturing, access, transportation, and tradition, more than half of the world's population currently lives in cities, and urban inhabitants are limited to using charcoal. The type of fuels used, as well as total energy consumption for various functions, have been influenced by urbanisation, which has boosted demand for charcoal production across the region. Furthermore, due to the ongoing COVID-19 epidemic, lockdown restrictions and the necessity to preserve social distance have resulted in a greater percentage of people staying at home. As a result, a rising number of people are cooking at home and hosting modest social gatherings at home. As a result of this situation, demand for home cooking equipment and materials has increased.

Rise in consumption of barbecued food

• Barbecuing is a highly frequent activity in many parts of the world, particularly during the summer. While some individuals like to barbecue with gas or electricity, many people prefer to grill with charcoal because it offers their meal a unique smoky flavour. In addition, while charcoal is primarily used for recreational barbecues in North America and Europe, it is the principal cooking fuel in the majority of African countries. Furthermore, the market is said to be primarily driven by the expanding influence of grilled cuisine globally, as well as the increased popularity of grilled food among millennials.

Charcoal Market Challenges

Stringent government regulations for charcoal production

• For charcoal production, a number of policies and standards have been implemented to assure product quality and safe handling. For example, the Canada Consumer Product Safety Act (S.C. 2010, c. 21) addresses the prevention of harm to human health or safety presented by consumer products in Canada, both domestically and internationally. Zambian charcoal makers and small-scale farmers are primarily to blame for the country's extensive deforestation, according to the Food and Agriculture Organization of the United Nations (FAO). South Africa, Central America, South America, and Asia have the highest rates of deforestation as a result of the manufacturing of charcoal. The expansion market is probably going to be constrained by government restrictions and programmes to monitor unsustainable charcoal production.

Charcoal supply sustainability and quality

• Maintaining the supply and quality of charcoal on the market is a difficult task. Many of the coal mines that operate in public forests are unregistered and usually illegal, so they are not regulated by urban dealers or consumers. The entire operation might take place in government-managed forests, which are illegal under most current forest rules. This is frequently viewed as a difficulty by forestry agencies.