Global Charcoal Market

Charcoal Market Size, Share, Growth Analysis, By Product Type(Lump Charcoal, Charcoal Briquettes), By Application(Outdoor Activities, Restaurant Business) - Industry Forecast 2024-2031


Report ID: SQSG55E2001 | Region: Global | Published Date: April, 2024
Pages: 165 | Tables: 68 | Figures: 75

Charcoal Market Dynamics

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.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Charcoal Market size was valued at USD 7.72 billion in 2019 and is poised to grow from USD 8.04 billion in 2023 to USD 10.91 billion by 2031, growing at a CAGR of 4.2% in the forecast period (2024-2031).

key charcoal producers are putting a lot of effort into research and development so that they may introduce solutions with extremely powerful disinfectants. In addition, initiatives including capacity expansion, acquisitions, and partnerships are used. 'Kingsford Products Company', 'Royal Oak Enterprises, LLC', 'Duraflame, Inc.', 'Original Natural Charcoal Company', 'Grill Dome Kamado Charcoal Grill', 'Fogo Charcoal', 'Jealous Devil Charcoal', 'Cowboy Charcoal Company', 'Nature's Own Charcoal', 'Bayou Classic', 'Stubb's Legendary Bar-B-Q', 'Fire & Flavor', 'Big Green Egg', 'Kamado Joe', 'Rockwood Charcoal', 'B&B Charcoal', 'Weber-Stephen Products LLC', 'Coshell Charcoal', 'Primo Ceramic Grills', 'Green Mountain Grills'

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

In an effort to increase cooking and heating efficiency and lessen indoor pollution in homes, improved cook stoves have been introduced in several nations. Additionally, charcoal can be safely and cleanly burned provided it is properly prepared and utilized with efficient equipment.

In 2021, Asia Pacific led the charcoal market, with China being the top producer. Africa is likely to be the most important market for charcoal because the majority of its people uses charcoal as a cooking fuel. While the biggest exporters are Indonesia, China, Poland, Ukraine, Vietnam, the Philippines, Mexico, and the Netherlands, the top importers are Japan, Germany, South Korea, the United States, and Saudi Arabia. Some of the leading participants in the worldwide charcoal market include Timber Charcoal Company Co. LLC, GRYFSKAND, Royal Oak, Kingsford Products Company, and Duraflame Inc.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Charcoal Market

Product ID: SQSG55E2001

$5,300
BUY NOW GET FREE SAMPLE