Charcoal is a substance created by humans from plant material, such as wood. This procedure takes place when there is oxygen present. It facilitates the removal of pollutants and water. The global charcoal market is predicted to expand in the coming years due to increased demand in industries such as recreational cooking, metal manufacturing, building, healthcare, industrial filtration, and pharmaceutical applications. Charcoal can be used as an alternative to coal in cooking, and its popularity in barbeque restaurants is leading to growing demand for charcoal.
North America Charcoal Market Driving Factors and Challenges
Driving Factors The growing demand for charcoal is mostly driven by the urban population in emerging countries. With more than half of North America's population now living in cities, urban inhabitants choose charcoal for its simplicity of manufacturing, accessibility, transportation, and traditional use. Urbanization has not only altered fuel choices, but it has also boosted total energy use for a variety of purposes, pushing up demand for charcoal in the region. Furthermore, barbecuing is a popular activity in many parts of the region, especially during the summer. While some people use gas or electricity to cook, many prefer charcoal because of its distinct smoky flavour. Charcoal is commonly used for recreational grilling in North America and Europe, but it is also the primary cooking fuel in most African countries. The market is being pushed by the expanding global appeal of grilled meals, as well as the increased adoption of grilling by millennials.
Challenges The issues associated with wood fuel have been exacerbated by a lack of comprehensive baseline data on various rules affecting charcoal production. The lack of organized data has resulted in a growing disparity between charcoal demand and supply across the region. As a result, there is an urgent need for precise data on the charcoal value chain to serve as the basis for developing effective policy frameworks. This will allow players to contribute knowledge, intellectual capital, and technology at each level of the charcoal production process while also creating an opportunity for market expansion. As a result, the lack of baseline data for policy design presents a considerable challenge to market expansion.
Impact of COVID-19 on North America Charcoal Market
COVID-19 expanded fast around the world in 2020. Almost every country reported sick individuals. From 2020 to 2021, each country was at a distinct stage of the epidemic. Lockdowns posed complications for industry participants. COVID-19 had a substantial impact on the market since many firms chose to close manufacturing facilities due to workforce management issues during the pandemic, resulting in lower production and higher imports of charcoal as demand for charcoal-based grilling grew in the residential sector. However, demand from commercial BBQ establishments and metal & metallurgy decreased.
North America Charcoal Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; IMBER CHARCOAL CO, Fire & Flavor, Rancher Charcoal, The Clorox Company, Maurobera, Royal Oak Enterprises, LLC, Duraflame, Inc, HEAT BEADS, Greenlink International CO Ltd, Basques Hardwood Charcoal, and The Oxford Charcoal Company are a few of the major companies operating in the market.
North America Charcoal Market Segmentation:
By Product: Based on the Product, North America Charcoal Market is segmented as; Lump Charcoal, Charcoal Briquettes, Japanese Charcoal, Sugar Charcoal, others.
By Application: Based on the Application, North America Charcoal Market is segmented as; Outdoor Activities, Restaurant Business, Metallurgical Fuel, Industrial Fuel, Filtration, Others.
By End User: Based on the End User, North America Charcoal Market is segmented as; Residential, Water Treatment, Pharmaceutical, Others.
By Region: This research includes data for US, Canada, Mexico, and Rest of North America.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.