Charcoal Market
Charcoal Market Forecasts to 2030 - Global Analysis by Type (Lump Charcoal, Briquettes, Charcoal Powder and Activated Charcoal), Raw Material (Hardwood, Softwood, Coconut Shells and Other Raw Materials), Application, Distribution Channel and By Geography
According to Stratistics MRC, the Global Charcoal Market is accounted for $6.2 billion in 2024 and is expected to reach $7.2 billion by 2030 growing at a CAGR of 2.5% during the forecast period. Charcoal is a carbon-rich material produced by heating organic substances, like wood or coconut shells, in the absence of oxygen. It is used for various applications, including grilling, industrial processes, and water filtration. The charcoal market encompasses several types, such as lump, briquettes, and activated charcoal, and serves diverse sectors, including industrial, and healthcare. The market is driven by growing demand for eco-friendly and efficient fuel alternatives.
According to the International Energy Agency (IEA), charcoal is a significant source of energy for cooking in many developing countries, with approximately 2.6 billion people relying on solid biomass fuels, including charcoal, as their primary cooking source.
Market Dynamics:
Driver:
Rising demand for barbecue and grilling
The increasing popularity of barbecue and grilling activities is a significant driver for the Charcoal Market. As outdoor cooking and social gatherings become more prevalent, the demand for charcoal as a fuel source has risen. Charcoal is preferred for its ability to impart unique flavors to food and its convenience in outdoor settings. The growing trend of backyard barbecues, camping trips, and outdoor events contributes to the steady demand for charcoal products. Additionally, the expansion of the food service industry and the rise of barbecue-focused restaurants further boost charcoal consumption, driving market growth across various regions.
Restraint:
Health concerns
The burning of charcoal releases harmful substances such as carbon monoxide, particulate matter, and polycyclic aromatic hydrocarbons, which can have adverse health effects when inhaled. Prolonged exposure to charcoal smoke has been linked to respiratory issues and other health problems. These concerns have led to increased awareness among consumers and regulatory bodies, potentially limiting charcoal use in certain applications or region.
Opportunity:
Development of value-added charcoal products
Manufacturers can innovate by creating specialized charcoal products tailored for specific applications, such as gourmet cooking, water filtration, or industrial processes. Value-added products may include flavored charcoal for enhanced food taste, quick-lighting charcoal for convenience, or environmentally friendly charcoal made from sustainable sources. Additionally, the growing demand for activated charcoal in various industries, including healthcare, cosmetics, and water treatment, offers opportunities for product diversificatio.
Threat:
Deforestation and Environmental Concerns
The production of traditional charcoal often involves unsustainable logging practices, contributing to deforestation and habitat destruction. This has led to increased scrutiny from environmental organizations and regulatory bodies, potentially resulting in stricter regulations on charcoal production and use. Consumer awareness of environmental issues may also lead to a shift towards more sustainable alternatives.
Covid-19 Impact:
The COVID-19 pandemic initially disrupted the Charcoal Market due to supply chain interruptions and reduced demand from the food service industry. However, increased home cooking and outdoor activities during lockdowns boosted retail charcoal sales. The pandemic highlighted the importance of sustainable production practices and local supply chains, potentially influencing long-term market trends towards more environmentally friendly charcoal products.
The hardwood segment is expected to be the largest during the forecast period
The hardwood segment is anticipated to dominate the charcoal market during the forecast period due to its superior qualities and wide range of applications. Hardwood charcoal is preferred for its high heat output, longer burning time, and minimal smoke production, making it ideal for grilling and barbecue applications. It also produces less ash and imparts a desirable flavor to food, which is highly valued by consumers and professional chefs alike. The growing popularity of premium barbecue experiences and the increasing demand for high-quality charcoal in both residential and commercial settings contribute to the segment's dominance. Additionally, hardwood charcoal's versatility in various industrial applications further solidifies its position as the largest segment in the market.
The activated charcoal segment is expected to have the highest CAGR during the forecast period
The activated charcoal segment is projected to experience the highest CAGR in the charcoal market during the forecast period. This rapid growth is driven by the expanding applications of activated charcoal across various industries, including water treatment, air purification, healthcare, and cosmetics. Activated charcoal's high adsorption capacity makes it effective in removing impurities and contaminants, leading to increased demand in environmental and health-related applications. The growing awareness of its benefits in detoxification and purification processes contributes to its popularity in consumer products. Additionally, the rising focus on sustainability and eco-friendly solutions further boosts the demand for activated charcoal derived from renewable sources, driving innovation and market expansion in this segment.
Region with largest share:
The Asia Pacific region is poised to dominate the charcoal market due to several factors. The region's large population and growing middle class contribute to increased demand for charcoal in cooking and grilling applications. Traditional use of charcoal in various industries, including metallurgy and water treatment, further drives market growth. Countries like China and India are major producers and consumers of charcoal, with extensive applications in both domestic and industrial sectors. The region's rapid industrialization and urbanization also contribute to the demand for activated charcoal in air and water purification applications. Additionally, the presence of key market players and the availability of raw materials support Asia Pacific's dominance in the global charcoal market.
Region with highest CAGR:
The Asia Pacific region is anticipated to experience the highest CAGR in the charcoal market. The increasing adoption of Western-style barbecue culture, coupled with rising disposable incomes, drives the demand for charcoal in outdoor cooking applications. Rapid industrialization in countries like China, India, and Southeast Asian nations fuels the need for charcoal in various industrial processes. The growing awareness of environmental issues is leading to the development of sustainable charcoal production methods and increased demand for eco-friendly alternatives. Additionally, the expanding use of activated charcoal in water treatment, air purification, and healthcare applications contributes to the region's rapid market growth, making Asia Pacific the fastest-growing region in the global charcoal market,.
Key players in the market
Some of the key players in Charcoal market include Kingsford Products Company, Royal Oak Enterprises, LLC, Fire & Flavor, Duraflame, Inc., Fogo Charcoal, E & C Charcoal, Subur Tiasa Holdings Berhad, NamCo Charcoal and Timber Products, Namchar, Gryfskand, Matsuri International Co. Ltd, Jumbo Charcoal (Pty) Ltd, Sagar Charcoal and Firewood Depot, Plantar, Paraguay Charcoal, Timber Charcoal Company LLC, The Clorox Company, and Vina Global Imex Co., LTD.
Key Developments:
In March 2022, Kingsford launched a new product line of signature flavored charcoals and hardwood pellets. This product launch aimed to improve the grilling experience with various flavors and aromas, expanding the company's product portfolio.
In February 2022, Royal Oak Charcoal constructed one of the world's largest charcoal plants, enhancing its existing Salem, MO facility. This expansion aimed to boost production by a minimum of 50% and incorporated state-of-the-art technologies like dust collection.
Types Covered:
• Lump Charcoal
• Briquettes
• Charcoal Powder
• Activated Charcoal
Raw Materials Covered:
• Hardwood
• Softwood
• Coconut Shells
• Other Raw Materials
Applications Covered:
• Household and Outdoor Cooking
• Industrial
• Water Purification
• Agriculture
• Healthcare
• Other Applications
Distribution Channels Covered:
• Direct Sales
• Retail
• Online
• Wholesale
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Charcoal Market, By Type
5.1 Introduction
5.2 Lump Charcoal
5.3 Briquettes
5.4 Charcoal Powder
5.5 Activated Charcoal
6 Global Charcoal Market, By Raw Material
6.1 Introduction
6.2 Hardwood
6.3 Softwood
6.4 Coconut Shells
6.5 Other Raw Materials
7 Global Charcoal Market, By Application
7.1 Introduction
7.2 Household and Outdoor Cooking
7.3 Industrial
7.4 Water Purification
7.5 Agriculture
7.6 Healthcare
7.7 Other Applications
8 Global Charcoal Market, By Distribution Channel
8.1 Introduction
8.2 Direct Sales
8.3 Retail
8.4 Online
8.5 Wholesale
9 Global Charcoal Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Kingsford Products Company
11.2 Royal Oak Enterprises, LLC
11.3 Fire & Flavor
11.4 Duraflame, Inc.
11.5 Fogo Charcoal
11.6 E & C Charcoal
11.7 Subur Tiasa Holdings Berhad
11.8 NamCo Charcoal and Timber Products
11.9 Namchar
11.10 Gryfskand
11.11 Matsuri International Co. Ltd
11.12 Jumbo Charcoal (Pty) Ltd
11.13 Sagar Charcoal and Firewood Depot
11.14 Plantar
11.15 Paraguay Charcoal
11.16 Timber Charcoal Company LLC
11.17 The Clorox Company
11.18 Vina Global Imex Co., LTD
List of Tables
1 Global Charcoal Market Outlook, By Region (2022-2030) ($MN)
2 Global Charcoal Market Outlook, By Type (2022-2030) ($MN)
3 Global Charcoal Market Outlook, By Lump Charcoal (2022-2030) ($MN)
4 Global Charcoal Market Outlook, By Briquettes (2022-2030) ($MN)
5 Global Charcoal Market Outlook, By Charcoal Powder (2022-2030) ($MN)
6 Global Charcoal Market Outlook, By Activated Charcoal (2022-2030) ($MN)
7 Global Charcoal Market Outlook, By Raw Material (2022-2030) ($MN)
8 Global Charcoal Market Outlook, By Hardwood (2022-2030) ($MN)
9 Global Charcoal Market Outlook, By Softwood (2022-2030) ($MN)
10 Global Charcoal Market Outlook, By Coconut Shells (2022-2030) ($MN)
11 Global Charcoal Market Outlook, By Other Raw Materials (2022-2030) ($MN)
12 Global Charcoal Market Outlook, By Application (2022-2030) ($MN)
13 Global Charcoal Market Outlook, By Household and Outdoor Cooking (2022-2030) ($MN)
14 Global Charcoal Market Outlook, By Industrial (2022-2030) ($MN)
15 Global Charcoal Market Outlook, By Water Purification (2022-2030) ($MN)
16 Global Charcoal Market Outlook, By Agriculture (2022-2030) ($MN)
17 Global Charcoal Market Outlook, By Healthcare (2022-2030) ($MN)
18 Global Charcoal Market Outlook, By Other Applications (2022-2030) ($MN)
19 Global Charcoal Market Outlook, By Distribution Channel (2022-2030) ($MN)
20 Global Charcoal Market Outlook, By Direct Sales (2022-2030) ($MN)
21 Global Charcoal Market Outlook, By Retail (2022-2030) ($MN)
22 Global Charcoal Market Outlook, By Online (2022-2030) ($MN)
23 Global Charcoal Market Outlook, By Wholesale (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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