We all agreed that charcoal is one of the most potential agri-business in forestry field. However, if we have to specy in one of charcoal type, we would bet on coconut charcoal. Coconut charcoal market size has been growing steadily in recent years due to increasing demand for natural and eco-friendly products in various industries (not only as grilling fuel or briquette material). The market siz is influenced by several factors, including consumer preference for natural and sustainable products, increasing adoption of coconut charcoal as an alternative to traditional charcoal, and the growth of the food and beverage industry.
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According to a report by Mordor Intelligence, the global coconut charcoal market was valued at USD 370.6 million in 2020 and is expected to reach USD 515.7 million by 2026, growing at a CAGR of 5.7% during the forecast period (2021-2026)! The Asia-Pacific region is the largest market for coconut charcoal, followed by North America and Europe.
The food and beverage industry is one of the key drivers of the coconut charcoal market, with increasing demand for natural food ingredients and additives. Coconut charcoal is used in food products such as ice cream, bakery items, and beverages as a natural coloring agent and flavor enhancer. The cosmetic and personal care industry is also a growing market for coconut charcoal, with its use in products such as face masks, scrubs, and toothpaste.
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The market size for coconut charcoal is also influenced by the increasing adoption of sustainable and eco-friendly products in various industries. Coconut charcoal is a renewable and sustainable resource that is biodegradable, making it an attractive alternative to traditional charcoal.
In conclusion, the coconut charcoal market size is expected to continue to grow in the coming years due to increasing demand for natural and sustainable products in various industries, with the food and beverage industry being a key driver of growth. Let us know your needs for coconut charcoal or coconut charcoal briquette!
Cocologi, your most reliable charcoal supplier.