Wood-charcoal Industry Size, Share, Demand & Growth by 2034
The wood-charcoal market is anticipated to be valued at US$ 22.01 billion by 2024. The market valuation is expected to be US$ 27.6 billion by 2034, fostered at a CAGR of 2.3%. The propelling trend towards sustainable living and eco-friendly products presents opportunities for producers to innovate and differentiate their offerings, tapping into niche markets and expanding their customer base. The popularity of outdoor cooking and grilling activities, particularly in regions with a strong barbecue culture, leads to the rise of eco-conscious consumers seeking sustainable and natural alternatives to traditional fuel sources, fueling demand for wood charcoal. Advancements in production technologies and packaging methods contribute to market growth by enhancing efficiency and sustainability. Unsustainable production practices and indiscriminate harvesting of timber for charcoal production contribute to deforestation and habitat destruction, posing significant challenges to environ