Dublin, April 17, 2023 (GLOBE NEWSWIRE) -- The "Global Charcoal Briquette Market Report and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
According to the global charcoal briquette market report, the market growth is aided by the favourable properties of the fuel as compared to other traditional fuel.
The market is further projected to grow at a CAGR of 8.4% in the forecast period of 2022-2027.
Charcoal briquette is an eco-friendly product which is the reason why it is adopted both in rural and urban areas. The growing concerns and stringent government regulations about the increasing emission of greenhouse gases is leading to a heightened demand for charcoal briquette.
In addition to this, flourishing food and beverage industry across the emerging economies owing to the rising population and rising per capita income is a key factor guiding the growth of the market.
The increasing enthusiasm among the young population to try barbequed cuisines is another crucial growth driving factor for the global charcoal briquette market. The market is anticipated to be fuelled by the increasing prices of the traditional cooking fuels in the coming years.
Charcoal briquette provides various advantages as compared to its counterparts, such as coal. It is extremely efficient with high thermal value and low ash content, low moisture content and density. In this regard, the increasing awareness pertaining to the advantages offered by the product, the population is discarding the less efficient fossil fuels and adopting charcoal briquette instead.
In geographical terms, the Middle East and Africa region accounts for a healthy share of the charcoal briquette market owing to the increasing domestic demand for charcoal briquette in Africa.
Market Segmentation
The market can be divided into the following segmentations.
Market Breakup by Type
- Wood Type
- Others
Market Segmentation by Application
- Metallurgical Industry
- Barbecue
- Others
Market Classification by Grade (Charcoal and Molasses Ratio)
- Grade A
- Grade B
- Grade C
- Others
Market Classification by Distribution Channel
- Direct
- Indirect
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 139 |
| Forecast Period | 2022 - 2027 |
| Estimated Market Value (USD) in 2022 | $2202.5 Million |
| Forecasted Market Value (USD) by 2027 | $3298.4 Million |
| Compound Annual Growth Rate | 8.4% |
| Regions Covered | Global |
Key Topics Covered:
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
4 Key Assumptions
5 Executive Summary
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Charcoal Briquette Market Analysis
8.1 Key Industry Highlights
8.2 Global Charcoal Briquette Historical Market By Value and Volume (2017-2021)
8.3 Global Charcoal Briquette Market Forecast By Value and Volume (2022-2027)
8.4 Global Charcoal Briquette Market by Type
8.4.1 Wood Type
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Others
8.5 Global Charcoal Briquette Market by Application
8.5.1 Metallurgical Industry
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Barbecue
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.2.4 Breakup by Distribution Channels
8.5.2.4.1 Supermarkets
8.5.2.4.2 Convenience Stores
8.5.2.4.3 Specialty Stores
8.5.2.4.4 Online
8.5.3 Others
8.6 Global Charcoal Briquette Market by Grade
8.6.1 Grade A
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Grade B
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.2 Grade C
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Others
8.7 Global Charcoal Briquette Market by Distribution Channel
8.7.1 Indirect
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.2 Direct
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2017-2021)
8.7.2.3 Forecast Trend (2022-2027)
8.8 Global Charcoal Briquette Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2017-2021)
8.8.1.3 Forecast Trend (2022-2027)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2017-2021)
8.8.2.3 Forecast Trend (2022-2027)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2017-2021)
8.8.3.3 Forecast Trend (2022-2027)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2017-2021)
8.8.4.3 Forecast Trend (2022-2027)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2017-2021)
8.8.5.3 Forecast Trend (2022-2027)
9 North America Charcoal Briquette Market Analysis
10 Europe Charcoal Briquette Market Analysis
11 Asia Pacific Charcoal Briquette Market Analysis
12 Latin America Charcoal Briquette Market Analysis
13 Middle East and Africa Charcoal Briquette Market Analysis
14 Market Dynamics
15 Price Analysis
16 Competitive Landscape
17 Key Trends and Developments in the Market
Companies Mentioned
- The Clorox Company
- Weber Inc.
- Coco Energy
- Otago Pte. Ltd.
- PT. Coconut Charcoal Briquettes Factory
For more information about this report visit https://www.researchandmarkets.com/r/27ho2m
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
