The wood charcoal market is growing around the world. Wood charcoal, a renewable fuel made from burning wood, is gaining immense popularity. Some estimates suggest that in 2024, the market size of this material was valued at USD 17.73 billion.

By 2034, this market can be worth USD 24.82 billion.

But why and how? We’ll explain.

Why is the Global Wood Charcoal Market Growing?

1. Growing Popularity of Grilling and Outdoor Cooking

Charcoal grilling and outdoor cooking are gaining huge popularity worldwide. Social media sites are also responsible for this rising popularity. Wood charcoal is a very important part of this cooking process.

So, the demand for high-quality charcoal for grilling is rising. More people are using it for their events, outdoor activities, and family gatherings.

2. Rising Demand from Shisha & Hookah

The demand for shisha or hookah smoking has been rising steadily over the years. Especially, the younger populations are enjoying this activity.

Although traditionally popular in Africa and the Middle East, it’s spreading to other markets.

Dry wood charcoal or briquettes are used to heat up a hookah or shisha for smoking. So, the demand for wood charcoal is also rising fast.

3. Growing Usage of Activated Charcoal

Activated charcoal is made by processing wood charcoal and used for various purposes. These include water purification, pharmaceuticals, and food and beverage production.

It is also used as an anti-pollutant. Wood charcoal demand continues to increase as the usage of activated charcoal expands.

4. Growth of the Food Service Industry

The food service industry is ever expanding. Restaurants, hotels, and catering services are increasing around the world. Revival of the tourism industry post-Covid is also adding to this immense growth.

There are many uses of wood charcoal in this industry. It is an important cooking fuel. Moreover, it is used for different types of cooking techniques. So, naturally, the wood charcoal market is also going up.

5. Increasing Demand for Eco-friendly Fuels

There is a growing awareness around the world about environmental issues. More people are preferring natural fuels like wood charcoal as an alternative to petrol, kerosene, or other fossil fuels.

Wood charcoal provides a cleaner fuel option and produces less carbon dioxide. Charcoal powder is also a great cooking and heating fuel. So, the rise in eco-friendly preferences of people is creating a bigger market.

Conclusion

Charcoal export from India to Bhutan is also increasing due to the huge growth of the global market. Wood charcoal is shaping a greener future.