charcoal market growth analysis, charcoal market forecast, charcoal market outlook, charcoal market size, charcoal market trends, charcoal market industry share
How has the charcoal market evolved, and where is it heading next?
The charcoal market size has grown strongly in recent years. It will grow from $5.64 billion in 2024 to $5.94 billion in 2025 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to industrial applications, recreational activities, water filtration, medical and pharmaceutical uses, traditional heating, alternative to wood fuel.
The charcoal market size is expected to see strong growth in the next few years. It will grow to $7.84 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to rising outdoor recreation, biochar for agriculture, activated charcoal in health and beauty, restaurant and catering industry, renewable energy initiatives. Major trends in the forecast period include eco-friendly charcoal production, charcoal in cooking and barbecuing, waste-to-energy initiatives, carbon sequestration projects, online retail platforms.
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What are the key forces behind the charcoal market’s growth in recent years?
The growing popularity of barbecued food is significantly contributing to the growth of the charcoal market going forward. Barbeque refers to a type of food preparation where various foods including vegetables, meat, fish, and so on are cooked over a rack on an open fire. As charcoal heats up quickly and imparts a smokey flavor to the meal, it is frequently employed as fuel for the open fire in barbecue food preparation. For instance, according to National BBQ week, a UK-based barbeque blog, about 31% of all barbecues in 2023 featured a primary plant-based or meat-free option, indicating a shift towards more varied barbecue choices. Additionally, according to the Family Food Survey for the financial year ending 2023, reported a 3.5% increase in spending on food and drink for eating out, including barbecues which has become popular in the UK. Therefore, the growing popularity of barbecued food is driving the charcoal market growth.
What are the major segments of the charcoal market?
The charcoal market covered in this report is segmented –
1) By Product: Lump Charcoal, Charcoal Briquettes, Japanese Charcoal, Sugar Charcoal
2) By Distribution Channel: Online, Offline
3) By Application: Outdoor Activities, Restaurant Business, Metallurgical Fuel, Industrial Fuel, Filtration
Subsegments:
1) By Lump Charcoal: Natural Lump Charcoal, Flavored Lump Charcoal
2) By Charcoal Briquettes: Regular Charcoal Briquettes, Instant Light Briquettes, Flavored Briquettes
3) By Japanese Charcoal: Binchotan Charcoal, Muro Nigran Charcoal
4) By Sugar Charcoal: Granulated Sugar Charcoal, Compressed Sugar Charcoal
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Which companies dominate the charcoal market?
Major companies operating in the charcoal market include China National Chemical Corporation Ltd., Bricapar SA, Cooks International LLC, Royal Oak Enterprises LLC, Duraflame Inc., Kingsford Products Company, Ignite Products, Parker Charcoal Co., Fire & Flavor Grilling Company, Namchar Pty. Ltd., Mesjaya Abadi Sdn Bhd, Saint Louis Charcoal Company LLC, The Dorset Charcoal Co., Subur Tiasa Holdings Berhad, Rancher Charcoal, Plantar Group, Sagar Charcoal and Firewood Depot, Maurobera SA, NamCo Charcoal and Timber Products, The Oxford Charcoal Company, E & C Charcoal, Carbo Namibia (Pty) Ltd., Two Trees Products, Dancoal Sp. Z.o.o, Gryfskand sp. z o.o., Southern Fuelwood, Blackwood Charcoal, B & B Charcoal, Braai & BBQ International Pty. Ltd., Direct Charcoal Ltd., Fogo Charcoal Co., Linyi Fumin Charcoal Co. Ltd, Matsuri International Co. Ltd., PT Cavron Global, Tatapar Carvao Sao Manoel, The Original Charcoal Company, Timber Charcoal Co. LLC
What major trends will shape the charcoal market during the forecast period?
Product innovation is the key trend gaining popularity in the charcoal market. Major companies operating in the charcoal sector are focused on innovating new products to increase their market coverage. For instance, in March 2022, Kingsford, a US-based charcoal company introduced Signature flavors, a novel line of flavor enhancers for charcoal grills and pellets for pellet grills. Signature flavors feature charcoal briquets that come pre-seasoned with flavor enhancers to slowly release flavor as the user grills. This product introduced three new flavors namely, garlic onion paprika, basil sage thyme, and cumin chili for use in barbeques.
What are the key regional dynamics of the charcoal market, and which region leads in market share?
The countries covered in the charcoal market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The Charcoal Market Report 2025 Offer?
The charcoal market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Charcoal is the impure form of graphitic carbon, obtained as a residue when carbonaceous material is partially burned, or heated with limited access to air. Charcoal is available in different forms that include coke, carbon black, and soot. Charcoal is used for cooking, metallurgy, and industrial fuel.
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