Bharat Book Bureau Provides the Trending Market Research Report on “Global Charcoal Briquette Market Report and Forecast 2022-2027” under the Chemical & Materials Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence, and Market reports.
Global Charcoal Briquette Market Report and Forecast 2022-2027
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 defined as a block, which is used as a cooking fuel. Charcoal briquette is inflamed to give out the desired heat for cooking a piece of food. On top of this, the heat produced by charcoal briquette is hot, lasts long, and does not give out any smoke. Charcoal briquette is ideal for outdoor cooking and is widely used to cook grilled or barbecued meat, which is a major driving factor for the charcoal briquette market.
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.
The market can be divided into the following segmentations.
Market Breakup by Type
Market Segmentation by Application
Market Classification by Grade (Charcoal and Molasses Ratio)
Market Classification by Distribution Channel
Market Breakup by Region
•Middle East and Africa
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the companies. Some of the major key players explored in the report are as follows:
•Kingsford Products Company
•Weber-Stephen Products (HK) Ltd
•PT. Coconut Charcoal Briquettes Factory
•OTAGO Pte. Ltd.
*We always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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