Charcoal Briquette Market Research Report By Type (Hexagonal Charcoal Briquettes, Egg-Shaped Charcoal Briquettes, Square Charcoal Briquettes, Stick Charcoal Briquettes), By Material (Hardwood Charcoal Briquettes, Softwood Charcoal Briquettes, Coconut Shell Charcoal Briquettes, Bamboo Charcoal Briquettes), By End Use (Residential, Commercial, Industrial), By Application (Grilling, Barbequing, Heating, Industrial Processes), By Production Technology (Extrusion, Briquetting, Carbonization) and By Regional (North America, Europe, South America,

Global Charcoal Briquette Market Overview

As per MRFR analysis, the Charcoal Briquette Market Size was estimated at 12.17 (USD Billion) in 2022. The Charcoal Briquette Market Industry is expected to grow from 12.86 (USD Billion) in 2023 to 21.2 (USD Billion) by 2032. The Charcoal Briquette Market CAGR (growth rate) is expected to be around 5.71% during the forecast period (2024 - 2032).

Key Charcoal Briquette Market Trends Highlighted

Key market drivers include the rising demand for barbecue and grilling activities, increasing disposable income in emerging economies, and growing awareness of the environmental benefits of charcoal briquettes over traditional charcoal. Additionally, urbanization and the expansion of the food and beverage industry are driving the growth of the charcoal briquette market.

Opportunities for exploration include the development of eco-friendly and sustainable charcoal briquettes, expansion into new geographical regions, and the integration of advanced technologies to enhance production efficiency. The market is also expected to benefit from the growing popularity of outdoor cooking and the increasing use of charcoal briquettes in industrial applications.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Charcoal Briquette Market Drivers

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  Rising Demand for Eco-Friendly and Sustainable Heating Solutions

  
  

Increased awareness of environmental issues and the necessity of using heating media, which are safe for the environment, are pushing the demand for charcoal briquettes. Charcoal briquettes are made from renewable materials, such as wood, and are usually mixed with agricultural wastes. Smoke and other harmful emissions caused by combustion are also limited in their use. This type of heating media is gaining more and more popularity in homes, restaurants, and other places, resulting in raised interest in the Charcoal Briquette Market Industry, which is expected to grow in the near future.

Increasing Adoption in Developing Countries

Today, the demand for charcoal briquettes and other types of these products is rapidly increasing worldwide, but this tendency can be observed mainly in developing countries. Access to electricity and other modern energy sources is limited in the poorest countries, and briquettes are one of the most affordable and effective sources of energy for cooking, heating, and lighting. The growing population and urbanization can also contribute to the rise in demand for charcoal briquettes around the world.Therefore, the Charcoal Briquette Market Industry is expected to benefit from the demand observed in developing countries.

Technological Advancements and Innovation

Advancements and introductions of new technologies are playing a significant role in the growth of the Charcoal Briquette Market Industry as well. Manufacturers developed charcoal briquettes that are new and eco-friendly in addition to better efficiency and the long life of the briquette. For example, some manufacturers produce charcoal briquettes from coconut shells that are able to give a longer burn time than the above briquettes mentioned, and they produce less ash as well.Hence we can see that advancements are beneficial to the growth of the Charcoal Briquette Market Industry.

Charcoal Briquette Market Segment Insights:

Charcoal Briquette Market Type Insights

Four sub-segments of the type segment of the Charcoal Briquette Market are hexagonal charcoal briquettes, egg-shaped charcoal briquettes, square charcoal briquettes, and stick charcoal briquettes. The hexagonal charcoal briquettes sub-segment holds a major market share of the type segment due to their efficient burning, uniform shape, and handling convenience. 

The hexagonal shape optimizes the airflow, ensuring even heat and increased burn time. The egg-shaped charcoal briquettes sub-segment is prominently growing in the grilling and barbecue industry as they provide better heat distribution than the other shapes and are less prone to flare-ups.The better airflow allows the griller to cook more without the briquette burning out. 

The square charcoal briquettes sub-segment is widely used in commercial kitchens and restaurants as they can withstand high temperatures and simultaneously provide an even heat source. Further, they can be optimally stacked due to their square shape. The stick charcoal briquettes sub-segment is handy, can be easily carried and is useful in camping and outdoor cooking. They are also available in the small bunch which can be easily ignited even with the smallest exposure to heat.

The Charcoal Briquette Market is anticipated to see stable growth in the upcoming years. The charred cooking trend and its application in the barbecue industry is a primary factor for the growth of the Charcoal Briquette Market. The increase in the trend of outdoor cooking and entertainment is further expected to boost the market growth. The developing countries’ gradual acceptance of the briquettes is also anticipated to provide an opportunity for market growth.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Charcoal Briquette Market Material Insights

The Charcoal Briquette Market is segmented by material as Hardwood Charcoal Briquettes, Softwood Charcoal Briquettes, Coconut Shell Charcoal Briquettes, and Bamboo Charcoal Briquettes. Hardwood Charcoal Briquettes are expected to be the segment with the most usage in the market as of 2023; there is no change expected in this condition as of the market predictions made for the rest of the forecast period. The high demand for hardwood charcoal briquettes is due to their superior burning characteristics. 

Hardwood charcoal briquettes generate a high heat output, burn for a long period, and are less smoky.Softwood Charcoal Briquettes are an alternative with increasing usage due to their cost and availability. They are usually derived from pine or fir that need to be purchased at lower costs compared to hardwoods. Pine or fir briquettes can produce more smoke compared to hardwoods and burn more quickly, but they may be the choice if costs need to be minimized. Coconut Shell Charcoal Briquettes are an environmentally friendlier option made from a renewable source that can also be very suitable to use for grilling. 

They generate no or minimal amounts of smoke and have a neutral flavor.Bamboo Charcoal Briquettes are made from the bamboo plant which is a member of the grass family; it is a sustainable and fast-growing plant. Similar to coconut shell charcoal briquettes, bamboo charcoal briquettes have the same burning characteristics. One of the main drivers of market growth is expected to be the increasing demand by the food service industry. Charcoal briquettes are widely used in restaurants, bars, and other places serving food as outdoor barbecuing is also increasingly popular.

Charcoal Briquette Market End Use Insights

The Charcoal Briquette Market is segmented based on end use into residential, commercial, and industrial. Among these segments, the residential segment is expected to account for the largest revenue share over the forecast period. The increasing demand for charcoal briquettes for cooking and heating purposes in households is driving the growth of this segment. Charcoal briquettes are widely used in restaurants, hotels, and other commercial establishments for grilling and barbecuing. 

The growing popularity of outdoor dining and the increasing number of food service outlets are expected to fuel the growth of this segment.Charcoal briquettes are used in various industrial applications, such as fuel for boilers and furnaces. The increasing demand for charcoal briquettes in industries such as manufacturing, mining, and construction is expected to drive the growth of this segment. In 2023, the industrial segment is estimated to be valued at USD 2.8 billion, and it is projected to reach USD 4.3 billion by 2032, exhibiting a CAGR of 5.71%.

Charcoal Briquette Market Application Insights

The Charcoal Briquette Market segmentation by Application is classified into Grilling, Barbequing, Heating, and Industrial Processes. Among these segments, Grilling and Barbequing are expected to hold a significant market share in the coming years, driven by the growing popularity of outdoor cooking and grilling activities. The increasing demand for charcoal briquettes in residential and commercial grilling applications is expected to contribute to the growth of this segment.

Barbequing is also gaining popularity as a preferred cooking method due to its smoky flavor and versatility.The Heating segment is anticipated to witness stable growth, primarily driven by the demand for charcoal briquettes in developing countries where they are used as a primary source of heating during winter months. Industrial Processes, on the other hand, account for a smaller share of the market, primarily used in industries such as metalworking and foundries, among others.

Charcoal Briquette Market Production Technology Insights

The Charcoal Briquette Market is segmented based on Production Technology into Extrusion, Briquetting, and Carbonization. The Extrusion segment held the largest market share in 2023 and is projected to continue its dominance throughout the forecast period. The growth of this segment can be attributed to the increasing adoption of extrusion technology by charcoal briquette manufacturers due to its ability to produce high-quality briquettes with consistent shapes and sizes. 

The Briquetting segment is expected to witness significant growth over the forecast period, owing to the rising demand for charcoal briquettes in developing countries.The Carbonization segment is projected to grow at a steady pace, driven by the increasing use of charcoal briquettes in industrial applications.

Charcoal Briquette Market Regional Insights

The regional segmentation of the Charcoal Briquette Market offers valuable insights into the market dynamics across different geographic regions. North America holds a significant market share due to the rising demand for charcoal briquettes in grilling and outdoor cooking activities. Europe follows closely, driven by the growing popularity of charcoal briquettes as a sustainable fuel source for heating and cooking. 

The APAC region is expected to witness the highest growth rate during the forecast period, owing to the increasing urbanization and adoption of modern cooking practices.South America and MEA also contribute to the global market, with South America being driven by the growing demand for charcoal briquettes in industrial applications and MEA benefiting from the increasing use of charcoal briquettes as a cooking fuel.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Charcoal Briquette Market Key Players And Competitive Insights:

The majority of the players in the charcoal briquette market industry are focusing on developing new products and technologies that fulfill the changing requirements of end users. Key players present in the charcoal briquette market industry are highly investing in research and development activities to gain a competitive advantage in the market. Moreover, the charcoal briquette market industry is expected to be high in the coming future because of the rising need for charcoal briquette from residential, commercial and industrial. 

It can be seen that the charcoal briquette market industry is highly competitive, where a huge number of small and medium enterprises and a few corporates are competing against each other. Some of the major players in the current market industry are Charcoal Briquette Industry Co., Ltd. and Cocobrook, PT. Indo Green Charcoal, PT. Indo-Green Charcoal and Binchotan Charcoal. The companies mentioned above are trying to expand their market position by using new technologies, product innovations and finding new customers. A prominent player in the charcoal briquette market is Charcoal Briquette Industry Co., Ltd., which is based in China. 

It is engaged in the business of production and sales of charcoal briquettes and is operating in several nations. Charcoal Briquette Industry Co., Ltd. has established a strong distribution network and has a wide variety of channels of products. The company is very innovative and staying competitive by constantly working on making its production, delivery and operations more efficient and environmentally friendly.

Another major player in the charcoal briquette market is Cocobrook, which is based in Indonesia. Cocobrook is a company which To produces high-quality charcoal briquettes made from coconut shells. It is a prominent company in Europe and North American markets. Cocobrook is known for quality and reliability and has a team of skilled engineers working to make its solution more durable and performing. Moreover, Cocobrook is a renewable energy user.

Key Companies in the Charcoal Briquette Market Include:

• Coalsource Holdings AB


• Greenlit Brands


• Sunshine Products


• OK Charcoal


• Sofraco Industries


• Mongolian Grill Co., Ltd.


• Nippon Charcoal Industrial Co., Ltd.


• Ash Briquettes LTD


• Kingsford Products Company


• Ferrocycle


• Ralco Industries


• Pacific Resources International Pty Ltd


• Sebang Bersaudara


• Exceed Energy Limited


• Barata Indonesia

Charcoal Briquette Market Industry Developments

The Charcoal Briquette Market is projected to reach USD 21.2 billion by 2032, exhibiting a CAGR of 5.71% during the forecast period. Increasing demand for charcoal briquettes as a sustainable and cost-effective alternative to traditional charcoal, coupled with growing urbanization and industrialization, is driving market growth. 

Government initiatives promoting the use of clean energy sources and rising environmental concerns are further contributing to the market's expansion. Key market players are focusing on product innovation and expanding their geographical presence to cater to the growing demand. Recent developments include the launch of eco-friendly charcoal briquettes made from recycled materials and partnerships between manufacturers and distributors to enhance market reach.

Charcoal Briquette Market Segmentation Insights

Charcoal Briquette Market Type Outlook

• Hexagonal Charcoal Briquettes


• Egg-Shaped Charcoal Briquettes


• Square Charcoal Briquettes


• Stick Charcoal Briquettes

Charcoal Briquette Market Material Outlook

• Hardwood Charcoal Briquettes


• Softwood Charcoal Briquettes


• Coconut Shell Charcoal Briquettes


• Bamboo Charcoal Briquettes

Charcoal Briquette Market End Use Outlook

• Residential


• Commercial


• Industrial

Charcoal Briquette Market Application Outlook

• Grilling


• Barbequing


• Heating


• Industrial Processes

Charcoal Briquette Market Production Technology Outlook

• Extrusion


• Briquetting


• Carbonization

Charcoal Briquette Market Regional Outlook

• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa