What is the global market size of Charcoal Market?

Global Charcoal Market size was valued at USD 7.72 billion in 2021 and is poised to grow from USD 8.04 billion in 2022 to USD 10.91 billion by 2030, growing at a CAGR of 4.2% in the forecast period (2023-2030).

What is the key driver of Global Charcoal Market?

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

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

Report ID: SQSG55E2001 | Region: Global | Published Date: April, 2024
Pages: 165 | Tables: 67 | Figures: 75

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.

Charcoal Market Report Snapshots

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Global 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).

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.', '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 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.

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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 Regional Insights

Charcoal Market Report Snapshots

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