Charcoal Market 2031 Size and Regional Overview
The Charcoal Market is expected to register a CAGR of 3% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The charcoal market is segmented into type and end-use. Based on type, the market is segmented into briquettes, lumps, and powder. Based on end use, the charcoal market is segmented into household, water treatment, agriculture, chemical, metallurgical, and others.
Purpose of the ReportThe report Charcoal Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Charcoal Market Segmentation
Type- Briquettes
- Lumps
- Powder
- Household
- Water Treatment
- Agriculture
- Chemical
- Metallurgical
Strategic Insights
Charcoal Market Growth Drivers- Increasing Need for Clean Energy Sources: The global trend is bending towards renewable energy and sustainable practices. Amongst all those crucial elements affecting the charcoal business, there is a significant one-the ability of biochar, in this case, charcoal, to absorb carbon or eliminate it without any such byproduct or enhance soil quality. Governments and other institutes encourage the utilization of charcoal as a relatively clean energy source compared to fossil fuels, making it attractive for both residential and industrial purposes.
- Increased Popularity of BBQ and Grilling: With outdoor cooking and barbecuing picking up speed in North America and Europe, charcoal has been in high demand. More and more consumers enjoy recreational cooking, which calls for charcoal grilling as it adds different flavors to food. This has contributed to a steady market in lump and briquette charcoal products.
- Growth In the Food Industry: The growth in the food industry, particularly in restaurants and catering services, fuels demand for charcoal. The flavor that it imparts and a high heat retention preference for charcoal over many others in most establishments. Moreover, growth in outdoor events like food festivals opens new avenues of charcoal consumption and thereby creates new market opportunities.
- Responsible charcoal production for sustainable and eco-friendly purposes: There is a growing interest in responsible charcoal production. Producers are being pressed by environmental groups to cut back on deforestation. Independent sources for raw materials are to be established. Agricultural waste and byproducts can be used in innovative charcoal production; through these developments, not only will one address concerns of the environmental impact, but also, there will emerge a niche market for such environmentally conscious consumers.
- Premium Charcoal Products: Premium charcoal products such as high-quality lump charcoal and specialty briquettes, which are used not only for better performance and longer burn times but also for unique flavors, show growth. This will be an indication of increased gourmet cooking as well as a demand for premium grilling, which the leading brands are innovating to differentiate themselves in this area of focus.
- Online Retail and E-commerce Expansion: In addition, charcoal online retailing and e-commerce have grown rapidly. Charcoal is currently sold through several e-commerce platforms, and customers are increasingly turning towards such convenience, directly buying from the manufactures and further driving direct sales to consumers. Brands look to operate within this channel by improving their online presence and adopting more digital marketing campaigns, especially during peak grilling seasons.
- Emerging Markets and Urbanization: Increased Asian, African, and Latin American emerging economies will open attractive charcoal growth opportunities with urbanization, rising incomes, and the potential growth in charcoal usage for cooking and heating. Companies can, therefore, capitalize on these opportunities by developing products that will deliver competitively priced charcoal on an accessible basis to local consumers.
- Industrial Charcoal: Charcoal is found to be used industrially, starting from metallurgy, water purification, and air filtration. Activated charcoal, in addition, is more commonly used in the pharmaceutical and cosmetic industries. With varied market potential, companies can look at partnerships and innovation to cater to industrial uses.
- Investment in Opportunity for Research: A significant area for research and development investment can be seen in producing high-value charcoal products. High-value products are quick-light charcoal, environmentally friendly briquettes, and charcoal with a higher burning rate that attracts the environmentally conscious consumer. With a very robust and strong R&D approach, companies can carve out significant differentiation in a crowded market by creating responsiveness to burgeoning consumer demands.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Charcoal Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Charcoal Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
Have a question?
Shejal
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The Charcoal Market is estimated to witness a CAGR of 3% from 2023 to 2031
The major factors driving the charcoal market are:
1. Increasing Demand for Clean Energy Sources
2. Rising Popularity of Barbecue and Grilling
Gryfskand sp. z o. o., Royal Oak Enterprises, LLC, Kingsford Products Company, BRICAPAR S.A., Duraflame, Inc., MAUROBERA S.A., Parker Charcoal, Mesjaya Sdn Bhd, Namchar, and THE GOOD CHARCOAL COMPANY are some of the players operating in the market.
Based on type, the briquettes segment is expected to grow at a significant rate during the forecast period.
Based on geography, Asia Pacific held the largest share of the charcoal market.
Sustainable and eco-friendly charcoal production is expected to be the key market trends.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Charcoal Market - By Type
1.3.2 Charcoal Market - By End-User
1.3.3 Charcoal Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CHARCOAL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. CHARCOAL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CHARCOAL MARKET - GLOBAL MARKET ANALYSIS
6.1. CHARCOAL - GLOBAL MARKET OVERVIEW
6.2. CHARCOAL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CHARCOAL MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. LUMP CHARCOAL
7.3.1. Overview
7.3.2. Lump Charcoal Market Forecast and Analysis
7.4. CHARCOAL BRIQUETTES
7.4.1. Overview
7.4.2. Charcoal Briquettes Market Forecast and Analysis
7.5. JAPANESE CHARCOAL
7.5.1. Overview
7.5.2. Japanese Charcoal Market Forecast and Analysis
7.6. SUGAR CHARCOAL
7.6.1. Overview
7.6.2. Sugar Charcoal Market Forecast and Analysis
8. CHARCOAL MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. HOUSEHOLDS
8.3.1. Overview
8.3.2. Households Market Forecast and Analysis
8.4. METALLURGICAL INDUSTRY
8.4.1. Overview
8.4.2. Metallurgical Industry Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. CHARCOAL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Charcoal Market Overview
9.1.2 North America Charcoal Market Forecasts and Analysis
9.1.3 North America Charcoal Market Forecasts and Analysis - By Type
9.1.4 North America Charcoal Market Forecasts and Analysis - By End-User
9.1.5 North America Charcoal Market Forecasts and Analysis - By Countries
9.1.5.1 United States Charcoal Market
9.1.5.1.1 United States Charcoal Market by Type
9.1.5.1.2 United States Charcoal Market by End-User
9.1.5.2 Canada Charcoal Market
9.1.5.2.1 Canada Charcoal Market by Type
9.1.5.2.2 Canada Charcoal Market by End-User
9.1.5.3 Mexico Charcoal Market
9.1.5.3.1 Mexico Charcoal Market by Type
9.1.5.3.2 Mexico Charcoal Market by End-User
9.2. EUROPE
9.2.1 Europe Charcoal Market Overview
9.2.2 Europe Charcoal Market Forecasts and Analysis
9.2.3 Europe Charcoal Market Forecasts and Analysis - By Type
9.2.4 Europe Charcoal Market Forecasts and Analysis - By End-User
9.2.5 Europe Charcoal Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Charcoal Market
9.2.5.1.1 Germany Charcoal Market by Type
9.2.5.1.2 Germany Charcoal Market by End-User
9.2.5.2 France Charcoal Market
9.2.5.2.1 France Charcoal Market by Type
9.2.5.2.2 France Charcoal Market by End-User
9.2.5.3 Italy Charcoal Market
9.2.5.3.1 Italy Charcoal Market by Type
9.2.5.3.2 Italy Charcoal Market by End-User
9.2.5.4 United Kingdom Charcoal Market
9.2.5.4.1 United Kingdom Charcoal Market by Type
9.2.5.4.2 United Kingdom Charcoal Market by End-User
9.2.5.5 Russia Charcoal Market
9.2.5.5.1 Russia Charcoal Market by Type
9.2.5.5.2 Russia Charcoal Market by End-User
9.2.5.6 Rest of Europe Charcoal Market
9.2.5.6.1 Rest of Europe Charcoal Market by Type
9.2.5.6.2 Rest of Europe Charcoal Market by End-User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Charcoal Market Overview
9.3.2 Asia-Pacific Charcoal Market Forecasts and Analysis
9.3.3 Asia-Pacific Charcoal Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Charcoal Market Forecasts and Analysis - By End-User
9.3.5 Asia-Pacific Charcoal Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Charcoal Market
9.3.5.1.1 Australia Charcoal Market by Type
9.3.5.1.2 Australia Charcoal Market by End-User
9.3.5.2 China Charcoal Market
9.3.5.2.1 China Charcoal Market by Type
9.3.5.2.2 China Charcoal Market by End-User
9.3.5.3 India Charcoal Market
9.3.5.3.1 India Charcoal Market by Type
9.3.5.3.2 India Charcoal Market by End-User
9.3.5.4 Japan Charcoal Market
9.3.5.4.1 Japan Charcoal Market by Type
9.3.5.4.2 Japan Charcoal Market by End-User
9.3.5.5 South Korea Charcoal Market
9.3.5.5.1 South Korea Charcoal Market by Type
9.3.5.5.2 South Korea Charcoal Market by End-User
9.3.5.6 Rest of Asia-Pacific Charcoal Market
9.3.5.6.1 Rest of Asia-Pacific Charcoal Market by Type
9.3.5.6.2 Rest of Asia-Pacific Charcoal Market by End-User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Charcoal Market Overview
9.4.2 Middle East and Africa Charcoal Market Forecasts and Analysis
9.4.3 Middle East and Africa Charcoal Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Charcoal Market Forecasts and Analysis - By End-User
9.4.5 Middle East and Africa Charcoal Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Charcoal Market
9.4.5.1.1 South Africa Charcoal Market by Type
9.4.5.1.2 South Africa Charcoal Market by End-User
9.4.5.2 Saudi Arabia Charcoal Market
9.4.5.2.1 Saudi Arabia Charcoal Market by Type
9.4.5.2.2 Saudi Arabia Charcoal Market by End-User
9.4.5.3 U.A.E Charcoal Market
9.4.5.3.1 U.A.E Charcoal Market by Type
9.4.5.3.2 U.A.E Charcoal Market by End-User
9.4.5.4 Rest of Middle East and Africa Charcoal Market
9.4.5.4.1 Rest of Middle East and Africa Charcoal Market by Type
9.4.5.4.2 Rest of Middle East and Africa Charcoal Market by End-User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Charcoal Market Overview
9.5.2 South and Central America Charcoal Market Forecasts and Analysis
9.5.3 South and Central America Charcoal Market Forecasts and Analysis - By Type
9.5.4 South and Central America Charcoal Market Forecasts and Analysis - By End-User
9.5.5 South and Central America Charcoal Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Charcoal Market
9.5.5.1.1 Brazil Charcoal Market by Type
9.5.5.1.2 Brazil Charcoal Market by End-User
9.5.5.2 Argentina Charcoal Market
9.5.5.2.1 Argentina Charcoal Market by Type
9.5.5.2.2 Argentina Charcoal Market by End-User
9.5.5.3 Rest of South and Central America Charcoal Market
9.5.5.3.1 Rest of South and Central America Charcoal Market by Type
9.5.5.3.2 Rest of South and Central America Charcoal Market by End-User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CHARCOAL MARKET, KEY COMPANY PROFILES
11.1. KINGSFORD PRODUCTS COMPANY LLC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. GRYFSKAND SP. Z O.O.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ROYAL OAK ENTERPRISES LLC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. SAGAR CHARCOAL DEPOT
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. BRICAPAR S.A.E
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. DURAFLAME INC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NAMCHAR (PTY) LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MESJAYA ABADI SDN BHD
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. MAUROBERA SA
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. PARKER CHARCOAL COMPANY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Kingsford Products Company LLC
2. Gryfskand Sp. z o.o.
3. Royal Oak Enterprises LLC
4. Sagar Charcoal Depot
5. Bricapar S.A.E
6. Duraflame Inc
7. NAMCHAR (Pty) Ltd.
8. Mesjaya Abadi Sdn Bhd
9. Maurobera SA
10. Parker Charcoal Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For