Charcoal Market Updates

Charcoal Market size was valued at USD 8.04 Billion in 2023 and is poised to grow from USD 8.38 Billion in 2024 to USD 11.37 Billion by 2032, growing at a CAGR of 4.2% during the forecast period (2025-2032).

Global 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. ', 'Fire & Flavor Grilling Co. ', 'The Original Charcoal Company Ltd. ', 'PT Dharma Hutani Makmur ', 'Bricapar S.A. ', 'Gryfskand Sp. z o.o. ', 'E & C Charcoal ', 'Subur Tiasa Holdings Berhad ', 'NamCo Charcoal and Timber Products ', 'Namchar Pty. Ltd. ', 'Mesjaya Abadi Sdn Bhd ', 'Saint Louis Charcoal Company LLC ', 'The Dorset Charcoal Co. ', 'Rancher Charcoal ', 'Plantar Group ', 'Sagar Charcoal and Firewood Depot ', 'Maurobera SA ', 'The Oxford Charcoal Company'

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.

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 global 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.