From Binchotan to Hardwood Briquettes: Diverse Charcoal Products Boost Global Sales

DUBLIN, Sept. 15, 2023 /PRNewswire/ -- The "Charcoal Global Market Report 2023" report has been added to  ResearchAndMarkets.com's offering.

The global charcoal market has shown an impressive growth, with a leap from $5.14 billion in 2022 to $5.41 billion in 2023, marking a CAGR of 5.3%. Given the disruptions caused by the Russia-Ukraine war, which led to global economic setbacks from the residual effects of the COVID-19 pandemic, this growth is commendable. This war resulted in economic sanctions on numerous nations, boosting commodity prices and interrupting supply chains. Consequently, inflationary trends were noticed across various goods and services worldwide. Yet, the resilience of the charcoal market is evident as projections indicate a rise to $6.51 billion by 2027 with a CAGR of 4.7%.

Key Insights:

• Asia-Pacific led the charcoal market in 2022, closely followed by North America. The report furnishes detailed data on regions including Western Europe, Eastern Europe, South America, the Middle East, and Africa.
• The market primarily comprises sales of hardwood briquettes, binchotan, and coconut shell charcoal, with values signifying 'factory gate' values.
• Charcoal, an impure form of graphitic carbon, has diverse applications, ranging from cooking to industrial fuel.
• The surge in barbecued food's popularity has significantly bolstered the market. In 2021 alone, the UK witnessed approximately 165 million barbecues.
• Innovation is the watchword, as seen with companies like Kingsford. In March 2022, they unveiled their Signature flavors, designed to enhance grilling experiences.
• An exciting collaboration was noted in June 2021 when Kingsford joined hands with jewelry designer Ben Baller, introducing a limited-edition Everdure Cube grill set.

The report aims to address pressing queries, like which region holds the lion's share in the charcoal market, or how does this market integrate with the broader economic scenario and its counterpart markets? With comprehensive market statistics, trends, and opportunities, this research serves as a crucial guide for stakeholders in the charcoal sector.

Companies featured prominently in the report include giants like Namchar Pty. Ltd., Mesjaya Abadi Sdn Bhd, Kingsford Products Company, The Saint Louis Charcoal Company LLC, Duraflame Inc., and many more.

Report Breakdown:

• An in-depth analysis of the market's current and prospective scenario.
• Impact analysis of global events like the Russia-Ukraine war, inflation trends, and the lingering effects of COVID-19.
• A segmented, regional, and country-level analysis.
• A competitive landscape highlighting major players, market shares, and influential financial deals.
• Trend and strategy analysis for companies navigating post-crisis market recovery.

Scope:

• By Product: Lump Charcoal; Charcoal Briquettes; Japanese Charcoal; Sugar Charcoal
• By Distribution Channel: Online; Offline
• By Application: Outdoor Activities; Restaurant Business; Metallurgical Fuel; Industrial Fuel; Filtration

Company Profiles:

• Namchar Pty. Ltd.
• Mesjaya Abadi Sdn Bhd
• Royal Oak Enterprises LLC
• Kingsford Products Company
• The Saint Louis Charcoal Company LLC
• Gryfskand sp. z o.o.
• Matsuri International Co. Ltd.
• The Oxford Charcoal Company
• Duraflame Inc.
• The Dorset Charcoal Co.
• Fire & Flavor Grilling Company
• Fogo Charcoal Co
• Southern Fuelwood
• Parker Charcoal Co.
• The Clorox Co.
• Timber Charcoal Co. LLC
• Two Trees Products
• Cooks International LLC
• Bricapar SA
• Braai & BBQ International Pty Ltd
• PT Cavron Global
• Dancoal Sp. Z.o.o
• Carbo Namibia Pty Ltd
• Direct Charcoal Ltd
• Maurobera SA
• Rancher Charcoal
• Sagar Charcoal and Firewood Depot
• Blackwood Charcoal
• The Original Charcoal Company
• B & B Charcoal

For more information about this report visit https://www.researchandmarkets.com/r/sh4mug

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SOURCE Research and Markets