Jan 17, 2022   SOURCE: BusinessWire

North America Charcoal Market Report 2021-2030: Lump Charcoal, Charcoal Briquettes, Japanese Charcoal, Sugar Charcoal Industry Analysis and Demand Forecasts - ResearchAndMarkets.com

The "North America Charcoal Market Research Report: By Type (Lump Charcoal, Charcoal Briquettes, Japanese Charcoal, Sugar Charcoal), Application (Metallurgical Fuel, Barbecue, Industrial, Filtration) - Industry Analysis and Demand Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

The U.S. itself has at least four distinct styles of barbecue: the Texas, Kansas City, Memphis, and Carolina styles. Due to more people turning to this popular cooking style, the North American charcoal market is set to reach $466.6 million by 2030.

This is because throughout the continent, wood chips are being increasingly replaced by charcoal for grilling, barbecuing, and smoking purposes. Compared to wood, charcoal is a cleaner fuel, and it heats up rapidly.

Moreover, the heat produced by charcoal is easier to control, whereas cooking with wood chips requires years of mastery. In this regard, the growing adoption of charcoal-fired grills by restaurants, steakhouses, and individuals is a key factor affecting the North American charcoal market.

Due to the COVID-19 pandemic, a major part of the U.S. and Canada's economies, including restaurants and factories, was shut down. This drastically hurt the North American charcoal market revenue growth, by reducing the demand for this fuel. Moreover, due to the call for social distancing, residents are not hosting get-togethers, which are characterized by a rich barbecuing culture.

In the years to come, the lump charcoal category will keep dominating the North American charcoal market, based on type. Lump charcoal is additive-free, which is why it is preferred over other variants. Additionally, this variant is quick to light up, and it leaves a lower ash content. Further, as it is more responsive toward oxygen, its fire and heat are easier to control in barbecue grills with adjustable air vents. Another reason for the dominance of lump charcoal is its high-volume consumption in metal processing and filtration.

Till now, the U.S. has been the larger contributor to the North American charcoal market, a situation that will remain unchanged at least till the end of this decade. With its roots in the practice of cooking food on an open flame popular among the natives of the continent, barbecue has become one of the dominant culinary philosophies in the U.S.

There is no dearth of family restaurants and vintage-style steakhouses that offer grilled and smoked briskets, pork shoulders and butts, bacon, ribs, steaks, lamb chops, chicken, and even seafood, including grilled fish, octopuses, lobsters, and shellfish.

The major companies operating in the North American charcoal market are

  • Royal Oak Enterprises LLC
  • Parker Charcoal Company
  • Timber Charcoal Company LLC
  • Duraflame Inc.
  • Kingsford Products Company LLC
  • BOB-Q Charcoal
  • The Saint Louis Charcoal Company LLC
  • The Fogo Charcoal Company
  • Basques Hardwood Charcoal
  • B&B Charcoal

Market Dynamics

Trends

  • Growing popularity of barbecued food

Drivers

  • Use of charcoal in recreational cooking
  • Demand for activated charcoal in water treatment plants
  • Impact analysis of drivers on market forecast

Restraints

  • Environmental regulations with respect to deforestation
  • Impact analysis of restraints on market forecast

Opportunities

  • Expected replacement of coal with charcoal in silicon production

Impact of COVID-19

Value Chain Analysis

Pricing Analysis

  • Ex-Works Price

Type

  • Lump charcoal
  • Charcoal briquettes
  • Japanese charcoal
  • Sugar charcoal

By Application

  • Metallurgical fuel
  • Barbecue
  • Industrial
  • Filtration

For more information about this report visit https://www.researchandmarkets.com/r/kk0tib