USD 16.12 billion
Charcoal Market Size, Share, Growth Analysis, By Product Type, By Source, By Application, By End User, By Distribution Channel, By Quality, By Sustainability, By Region - Industry Forecast 2025-2032
Report ID:
SQSG55E2001 |
Region:
Global |
Published Date: December, 2024
Pages:
165
|Tables:
67
|Figures:
75
Charcoal Market Insights
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).
Charcoal is used as a metallurgical fuel in steel and iron because of its great heating capacity. Charcoal can burn at temperatures of up to 370 degrees Celsius while emitting comparatively little CO2. With the growth of the building and construction industries in emerging nations such as India and China, demand for iron and steel is expected to rise, which will benefit the global charcoal market. For example, Charcoal is laid on and mixed with foundation soil as a measure against moisture and odours under the floors of houses and buildings, and for room temperature adjustment. When activated charcoal is mixed with cement, it increases the overall strength of the mixture and works as a binder in lightweight concrete. Furthermore, activated charcoal reduces the prevalence of pores in traditional concrete, improving its performance. The construction industry's increased demand for cement, particularly in Asia Pacific, is likely to boost the expansion of the charcoal market.
In the medical and pharmaceutical fields, activated charcoal serves as a detoxifying agent. The substance improves antifungal defence, lessens dyspepsia, and purifies blood. Due to its excellent adsorbent properties, charcoal powder is easily employed in cases of poisoning, drug overdoses, and alcohol overdoses. The product also aids in cleansing the body of toxic substances such as NSAIDs and other OTC anti-inflammatories, sedatives, calcium channel blockers, dapsone and carbamazepine (Tegretol). The demand for the product is projected to increase in the coming years due to expanding medical research into the usage of charcoal in healthcare applications.
In the future, rising demand for potable drinking water and rising consumer awareness of water waste are expected to drive demand for activated charcoal. Because of their excellent adsorption characteristics, water purifiers with activated charcoal filters are in high demand. Toxins such as organic volatile chemicals and chlorine are removed from water by activated charcoal filters. Activated charcoal can also improve the quality of water by adding minerals like iron, magnesium, and calcium.
Market snapshot - 2024-2031
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Charcoal Market Segmental Analysis
Global Charcoal Market is segmented by product type, source, application, end user, distribution channel, quality, sustainability and region. Based on product type, the market is segmented into lump charcoal, charcoal briquettes, japanese charcoal, sugar charcoal and other. Based on source, the market is segmented into bamboo, coconut shells, hardwood, softwood and other. Based on application, the market is segmented into cooking fuel, metallurgical fuel, industrial, water and air purification, healthcare, cosmetics and personal care and other. Based on end user, the market is segmented into residential, commercial and industrial. Based on distribution channel, the market is segmented into supermarkets, convenience stores, specialty stores, online stores and other. Based on quality, the market is segmented into premium quality, mid-range quality, economy quality and other. Based on sustainability, the market is segmented into sustainable charcoal, conventional charcoal and other. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Demand for lump charcoal is estimated to spur the charcoal market growth
Lump charcoal dominated the market in 2021, because of its high calorific value. It burns at a greater temperature than briquettes, roughly 12000F, and produces less ash than other types of charcoal. Briquettes burn at temperatures ranging from 800 to 10,000 degrees Fahrenheit, depending on the basic ingredients utilised. Charcoal briquettes are utilised for a variety of purposes, including dehumidifiers, root water purification, and the removal of moisture and odour from closets. The demand for charcoal is predicted to rise as a result of these various applications. However, lump charcoal such as Rockwood All-Natural Hardwood Lump Charcoal is expected to have a greater share of the market due to its benefits of burning quickly and reaching greater temperatures while emitting relatively little carbon dioxide and having a higher calorific content than other types of charcoal. This feature has led to the adoption of lump charcoal in the end-user industry, which is expected to rise over the course of the forecast period.
Barbecue is predicted to remain most popular application throughout the forecast period
Barbecue was the most popular application in the charcoal market in 2021, and it is predicted to remain so throughout the forecast period. This is because of the fact that charcoal is used in barbecue to enhance the flavour of the dish. It's also great for high-heat cooking because it can reach temperatures between 260 and 370 degrees Celsius. Due to the growing use of charcoal in barbecued food and the prevalence of eating food prepared in a grilled cooking environment, the food and agricultural businesses are predicted to dominate the market segment.
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Charcoal Market Regional Insights
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.
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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.
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Charcoal Market Competitive Landscape
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.
Charcoal Market Top Players Company Profiles
- 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
Charcoal Market Recent Development
- In March 2022, The Kingsford Products Company, a division of The Clorox Company, introduced a new line of hardwood pellets and charcoal. With a variety of flavors and aromas, this product's primary goal is to enhance the grilling experience. This will help the company's product portfolio.
Charcoal Key Market Trends
- 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.
- Improvements in cooking stove design provide insulation on all sides. Because they are more insulated, less charcoal is needed to produce a similar quantity of useful heat, and the heat is retained for longer. Improved cook stoves have recently been developed, which can lower GHG emissions by increasing fuel efficiency and reducing the need for charcoal to produce the same amount of cooking energy. The planned substitution of charcoal for coal in silicon production in order to reduce carbon dioxide emissions is a potential growth opportunity for charcoal industry operators.
Charcoal Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our analysis, the global charcoal market will expand significantly over the anticipated period due to rising demand in recreational cooking, metal production, construction, healthcare, industrial filters, and pharmaceutical applications. In the recreation market, the use of charcoal as a fuel substitute for coal is gaining popularity. The need for charcoal will also be boosted by the popularity of grilling in restaurants. The demand for steel and iron will increase due to the expanding building and construction sectors in emerging economies like China and India, boosting the charcoal market.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 16.12 billion |
| Market size value in 2031 | USD 23.55 billion |
| Growth Rate | 4.3% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Charcoal Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Charcoal Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Charcoal Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Charcoal Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Charcoal Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Charcoal Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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