Global Charcoal Briquette Market Report and Forecast 2023-2028

Global Charcoal Briquette Market Report and Forecast 2023-2028

Market Outlook

As per the report by Expert Market Research (EMR), the global charcoal briquette market attained a value of USD 2205.5 million in 2022. Aided by the increasing demand for eco-friendly fuel sources and a growing preference for outdoor cooking and barbecuing, the market is expected to grow at a CAGR of 7.4% between 2023 and 2028 to reach a value of USD 3574.89 million by 2028.

Charcoal briquettes are a type of solid fuel made from compressed charcoal powder, often combined with additives such as starch, sawdust, or clay to aid in binding and ignition. They offer several advantages over traditional charcoal, including uniform size and shape, consistent burning, and lower production of smoke and ash. Charcoal briquettes are commonly used for cooking, heating, and industrial processes.

The increasing demand for eco-friendly fuel sources is a significant factor driving the global charcoal briquette market growth. As concerns about climate change and environmental pollution grow, there is a shift towards cleaner and more sustainable fuel options. Charcoal briquettes, produced from renewable biomass sources, offer a viable alternative to fossil fuels and help reduce greenhouse gas emissions.

Another key trend propelling the growth of the charcoal briquette market is the growing preference for outdoor cooking and barbecuing, particularly in regions such as North America and Europe. Charcoal briquettes provide a consistent heat source and impart a distinct smoky flavour to grilled foods, making them a popular choice for barbecuing enthusiasts. This increased demand for charcoal briquettes for outdoor cooking has contributed to the market expansion.

The rising popularity of smokeless briquettes is also accelerating the charcoal briquette market expansion. Smokeless briquettes, made from carbonised biomass and various binders, produce minimal smoke and ash, making them more environmentally friendly and suitable for use in urban areas with strict air quality regulations. The demand for smokeless briquettes is expected to grow as consumers become more conscious of their environmental impact.

There is a growing demand for organic and eco-friendly charcoal briquettes as consumers become more environmentally conscious. These products are made from sustainably sourced materials and produced using environmentally friendly methods, making them an attractive option for eco-conscious consumers, thus propelling the market growth.

Market Segmentation

The market can be divided based on type, application, grade, distribution channel, and region.

Market Breakup by Type

• Wood Type
• Others

Market Breakup by Application

• Metallurgical Industry
• Barbecue
• Breakup by Distribution Channels

Supermarkets

Convenience Stores

Specialty Stores

Online

• Others

Market Breakup by Grade

• Grade A
• Grade B
• Grade C
• Others

Market Breakup by Distribution Channel

• Indirect
• Direct

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global charcoal briquette companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• The Clorox Company
• Weber Inc.
• Coco Energy
• Otago Pte. Ltd.
• PT. Coconut Charcoal Briquettes Factory
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.