Torrefied Pellets Market Size, Share & Growth Analysis to 2030

Global Torrefied Pellets Market Size, Share, Trends, Industry Growth by Method (Torrefaction, Steam Explosion (SE)), by Application (Power Generation, Industrial Heating, Others), by Distribution Channel, by Region, and Forecast to 2030

Report ID: RC136984 | Report Format: PDF + Excel | Starting Price: 3800/- USD | Last Updated: July 1st, 2023

The global torrefied pellets market was valued at approximately USD 3 billion in 2022 and is projected to grow at a significant CAGR of around 5% during the forecast period from 2023 to 2030. The market is expected to grow due to the increasing demand for renewable energy and the cost competitiveness and advantages of torrefied pellets over traditional wood pellets.

Market Drivers:

Increasing demand for renewable energy: The demand for renewable energy is increasing globally due to environmental concerns, and torrefied pellets are considered a renewable energy source.

Favorable government regulations: Governments around the world are promoting the use of renewable energy sources, including torrefied pellets, by offering subsidies and tax incentives.

Cost competitiveness: Torrefied pellets are considered to be more cost-competitive than other renewable energy sources like wind and solar power. This is because they can be produced using existing infrastructure, such as wood processing facilities, and can be easily transported and stored.

Advantages over traditional wood pellets: Torrefied pellets have several advantages over traditional wood pellets, such as improved energy density, water resistance, and reduced emissions.

Increasing demand from the industrial sector: Torrefied pellets are used in various industrial applications, such as power generation and heating, which are driving the demand for torrefied pellets.

Market Snapshot:

Benchmark Year		2022
Market Size		~ USD 3 Billion in 2022
Market Growth (CAGR)		~ 5% (2023-2030)
Largest Market Share
Analysis Period		2020-2030
Market Players		Torr-Coal Inc., Zilkha Biomass Energy, New Biomass Energy, FutureMetrics, and Bionet

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Market Insights:

The global torrefied pallets market is bifurcated into method, application, distribution channel, and geography. On the basis of application, the market is further segmented into Power Generation, Industrial Heating, and Others. By application, the dominant segment is the industrial heating and power generation segment. This is because torrefied pellets are used as a renewable fuel source for energy generation in industries, power plants, and heating systems. Torrefied pellets have high energy density, improved combustion efficiency, and low emissions compared to traditional fossil fuels, making them an attractive alternative. In addition, the increasing demand for renewable energy sources and government initiatives promoting the use of renewable energy is expected to drive the growth of this segment. Other application segments include residential heating and others, which include cooking and agricultural applications.

Industrial Heating: Torrefied pellets can also be used in industrial processes for heating, such as in boilers or furnaces.

Power Generation: Torrefied pellets can be used as a renewable source of energy in power plants, providing a more sustainable and environmentally-friendly option than traditional fossil fuels.

Others: Torrefied pellets can also have various other applications, such as in the production of activated carbon or as a component in animal feed.

The global torrefied pellets market report explores the critical analysis of the industry using key parameters. The report covers investment strategies, the need for investment in the industry, and several benefits for investors. Significantly, this report sets out major changes in the global technical regulations for the market, as well as how economic and non-economic constraints are helping the market to grow. Furthermore, the report analyzes the historic and forecasted market size at the global, regional, and country-level. The report also provides a comprehensive analysis of key investment proposals, competitor positions, porter’s five force analysis, SWOT analysis, pestel analysis, value chain analysis, etc.

The torrefied pellets market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

2020-21 – Historical Year
2022 – Base Year
2023-2030 – Forecast Period

Market Segmentation:

By Method:

Torrefaction
Steam Explosion (SE)

By Application:

Power Generation
Industrial Heating
Others

By Distribution Channel:

Offline
Online

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Geographic Coverage:

Geographically, the torrefied pellets market report comprises dedicated sections centering on the regional market revenue and trends. The torrefied pellets market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The torrefied pellets market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Torrefied pellets market estimates have also been provided for the historical years 2020 & 2021 along with forecasts for the period from 2023 – 2030.

Competitive Assessment:

Some of the prominent market players operating in the global torrefied pellets market are Torr-Coal Inc., Zilkha Biomass Energy, New Biomass Energy, FutureMetrics, and Bionet. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. For instance:

Pinnacle Renewable Energy: Launched a new wood pellet product line, including torrefied pellets in 2020.

FutureMetrics: Launched a new line of industrial-grade torrefied wood pellets in 2019.

Barrette-Chapais: Announced the launch of a new torrefaction plant in Quebec, Canada in 2019, which produces torrefied wood pellets.

Blackwood Technology: Developed a new torrefaction process in 2018, resulting in the launch of a new line of torrefied wood pellets.

Key Companies:

Torr-Coal Inc.
Zilkha Biomass Energy
New Biomass Energy
FutureMetrics
Bionet
Blackwood Technology
Arbaflame
Airex Energy
Bioendev
ECN
Thermogen Industries

Key Questions Answered by Torrefied Pellets Market Report

Global torrefied pellets market forecasts from 2023-2030
Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
Torrefied pellets submarket forecasts from 2023-2030 covering the market by method, application, distribution channel, and geography
Various industry models such as SWOT analysis, Value Chain Analysis about the market
Analysis of the key factors driving and restraining the growth of the global, regional, and country-level torrefied pellets markets from 2023-2030
Competitive Landscape and market positioning of top 10 players operating in the market

Table of Content:

1. Preface

1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

2. Executive Summary

2.1. Global Torrefied Pellets Market Portraiture
2.2. Global Torrefied Pellets Market, by Method, 2022 (USD Mn)
2.3. Global Torrefied Pellets Market, by Application, 2022 (USD Mn)
2.4. Global Torrefied Pellets Market, by Distribution Channel, 2022 (USD Mn)
2.5. Global Torrefied Pellets Market, by Geography, 2022 (USD Mn)

3. Global Torrefied Pellets Market Analysis

3.1. Torrefied Pellets Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. PESTLE Analysis
3.8. COVID-19 Impact Analysis

4. Global Torrefied Pellets Market By Method, 2020 – 2030 (USD Mn)

4.1. Overview
4.2. Torrefaction
4.3. Steam Explosion (SE)

5. Global Torrefied Pellets Market By Application, 2020 – 2030 (USD Mn)

5.1. Overview
5.2. Power Generation
5.3. Industrial Heating
5.4. Others

6. Global Torrefied Pellets Market By Distribution Channel, 2020 – 2030 (USD Mn)

6.1. Overview
6.2. Offline
6.3. Online

7. North America Torrefied Pellets Market Analysis and Forecast, 2020 – 2030 (USD Mn)

7.1. Overview
7.2. North America Torrefied Pellets Market by Method, (2020-2030 USD Mn)
7.3. North America Torrefied Pellets Market by Application, (2020-2030 USD Mn)
7.4. North America Torrefied Pellets Market by Distribution Channel, (2020-2030 USD Mn)
7.5. North America Torrefied Pellets Market by Country, (2020-2030 USD Mn)
7.5.1. U.S.
7.5.1.1. U.S. Torrefied Pellets Market by Method, (2020-2030 USD Mn)
7.5.1.2. U.S. Torrefied Pellets Market by Application, (2020-2030 USD Mn)
7.5.1.3. U.S. Torrefied Pellets Market by Distribution Channel, (2020-2030 USD Mn)
7.5.2. Canada
7.5.2.1. Canada Torrefied Pellets Market by Method, (2020-2030 USD Mn)
7.5.2.2. Canada Torrefied Pellets Market by Application, (2020-2030 USD Mn)
7.5.2.3. Canada Torrefied Pellets Market by Distribution Channel, (2020-2030 USD Mn)

8. Europe Torrefied Pellets Market Analysis and Forecast, 2020 - 2030 (USD Mn)

8.1. Overview
8.2. Europe Torrefied Pellets Market by Method, (2020-2030 USD Mn)
8.3. Europe Torrefied Pellets Market by Application, (2020-2030 USD Mn)
8.4. Europe Torrefied Pellets Market by Distribution Channel, (2020-2030 USD Mn)
8.5. Europe Torrefied Pellets Market by Country, (2020-2030 USD Mn)
8.5.1. Germany
8.5.1.1. Germany Torrefied Pellets Market by Method, (2020-2030 USD Mn)
8.5.1.2. Germany Torrefied Pellets Market by Application, (2020-2030 USD Mn)
8.5.1.3. Germany Torrefied Pellets Market by Distribution Channel, (2020-2030 USD Mn)
8.5.2. U.K.
8.5.2.1. U.K. Torrefied Pellets Market by Method, (2020-2030 USD Mn)
8.5.2.2. U.K. Torrefied Pellets Market by Application, (2020-2030 USD Mn)
8.5.2.3. U.K. Torrefied Pellets Market by Distribution Channel, (2020-2030 USD Mn)
8.5.3. France
8.5.3.1. France Torrefied Pellets Market by Method, (2020-2030 USD Mn)
8.5.3.2. France Torrefied Pellets Market by Application, (2020-2030 USD Mn)
8.5.3.3. France Torrefied Pellets Market by Distribution Channel, (2020-2030 USD Mn)
8.5.4. Spain
8.5.4.1. Spain Torrefied Pellets Market by Method, (2020-2030 USD Mn)
8.5.4.2. Spain Torrefied Pellets Market by Application, (2020-2030 USD Mn)
8.5.4.3. Spain Torrefied Pellets Market by Distribution Channel, (2020-2030 USD Mn)
8.5.5. Italy
8.5.5.1. Italy Torrefied Pellets Market by Method, (2020-2030 USD Mn)
8.5.5.2. Italy Torrefied Pellets Market by Application, (2020-2030 USD Mn)
8.5.5.3. Italy Torrefied Pellets Market by Distribution Channel, (2020-2030 USD Mn)
8.5.6. Rest of Europe
8.5.6.1. Rest of Europe Torrefied Pellets Market by Method, (2020-2030 USD Mn)
8.5.6.2. Rest of Europe Torrefied Pellets Market by Application, (2020-2030 USD Mn)
8.5.6.3. Rest of Europe Torrefied Pellets Market by Distribution Channel, (2020-2030 USD Mn)

9. Asia Pacific Torrefied Pellets Market Analysis and Forecast, 2020 - 2030 (USD Mn)

9.1. Overview
9.2. Asia Pacific Torrefied Pellets Market by Method, (2020-2030 USD Mn)
9.3. Asia Pacific Torrefied Pellets Market by Application, (2020-2030 USD Mn)
9.4. Asia Pacific Torrefied Pellets Market by Distribution Channel, (2020-2030 USD Mn)
9.5. Asia Pacific Torrefied Pellets Market by Country, (2020-2030 USD Mn)
9.5.1. China
9.5.1.1. China Torrefied Pellets Market by Method, (2020-2030 USD Mn)
9.5.1.2. China Torrefied Pellets Market by Application, (2020-2030 USD Mn)
9.5.1.3. China Torrefied Pellets Market by Distribution Channel, (2020-2030 USD Mn)
9.5.2. Japan
9.5.2.1. Japan Torrefied Pellets Market by Method, (2020-2030 USD Mn)
9.5.2.2. Japan Torrefied Pellets Market by Application, (2020-2030 USD Mn)
9.5.2.3. Japan Torrefied Pellets Market by Distribution Channel, (2020-2030 USD Mn)
9.5.3. India
9.5.3.1. India Torrefied Pellets Market by Method, (2020-2030 USD Mn)
9.5.3.2. India Torrefied Pellets Market by Application, (2020-2030 USD Mn)
9.5.3.3. India Torrefied Pellets Market by Distribution Channel, (2020-2030 USD Mn)
9.5.4. Rest of Asia Pacific
9.5.4.1. Rest of Asia Pacific Torrefied Pellets Market by Method, (2020-2030 USD Mn)
9.5.4.2. Rest of Asia Pacific Torrefied Pellets Market by Application, (2020-2030 USD Mn)
9.5.4.3. Rest of Asia Pacific Torrefied Pellets Market by Distribution Channel, (2020-2030 USD Mn)

10. Latin America (LATAM) Torrefied Pellets Market Analysis and Forecast, 2020 - 2030 (USD Mn)

10.1. Overview
10.2. Latin America Torrefied Pellets Market by Method, (2020-2030 USD Mn)
10.3. Latin America Torrefied Pellets Market by Application, (2020-2030 USD Mn)
10.4. Latin America Torrefied Pellets Market by Distribution Channel, (2020-2030 USD Mn)
10.5. Latin America Torrefied Pellets Market by Country, (2020-2030 USD Mn)
10.5.1. Brazil
10.5.1.1. Brazil Torrefied Pellets Market by Method, (2020-2030 USD Mn)
10.5.1.2. Brazil Torrefied Pellets Market by Application, (2020-2030 USD Mn)
10.5.1.3. Brazil Torrefied Pellets Market by Distribution Channel, (2020-2030 USD Mn)
10.5.2. Mexico
10.5.2.1. Mexico Torrefied Pellets Market by Method, (2020-2030 USD Mn)
10.5.2.2. Mexico Torrefied Pellets Market by Application, (2020-2030 USD Mn)
10.5.2.3. Mexico Torrefied Pellets Market by Distribution Channel, (2020-2030 USD Mn)
10.5.3. Rest of Latin America
10.5.3.1. Rest of Latin America Torrefied Pellets Market by Method, (2020-2030 USD Mn)
10.5.3.2. Rest of Latin America Torrefied Pellets Market by Application, (2020-2030 USD Mn)
10.5.3.3. Rest of Latin America Torrefied Pellets Market by Distribution Channel, (2020-2030 USD Mn)

11. Middle East and Africa Torrefied Pellets Market Analysis and Forecast, 2020 - 2030 (USD Mn)

11.1. Overview
11.2. MEA Torrefied Pellets Market by Method, (2020-2030 USD Mn)
11.3. MEA Torrefied Pellets Market by Application, (2020-2030 USD Mn)
11.4. MEA Torrefied Pellets Market by Distribution Channel, (2020-2030 USD Mn)
11.5. Middle East and Africa Torrefied Pellets Market, by Country, (2020-2030 USD Mn)
11.5.1. GCC
11.5.1.1. GCC Torrefied Pellets Market by Method, (2020-2030 USD Mn)
11.5.1.2. GCC Torrefied Pellets Market by Application, (2020-2030 USD Mn)
11.5.1.3. GCC Torrefied Pellets Market by Distribution Channel, (2020-2030 USD Mn)
11.5.2. South Africa
11.5.2.1. South Africa Torrefied Pellets Market by Method, (2020-2030 USD Mn)
11.5.2.2. South Africa Torrefied Pellets Market by Application, (2020-2030 USD Mn)
11.5.2.3. South Africa Torrefied Pellets Market by Distribution Channel, (2020-2030 USD Mn)
11.5.3. Rest of MEA
11.5.3.1. Rest of MEA Torrefied Pellets Market by Method, (2020-2030 USD Mn)
11.5.3.2. Rest of MEA Torrefied Pellets Market by Application, (2020-2030 USD Mn)
11.5.3.3. Rest of MEA Torrefied Pellets Market by Distribution Channel, (2020-2030 USD Mn)

12. Company Profiles

12.1. Torr-Coal Inc.
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. Zilkha Biomass Energy
12.2.1. Business Description
12.2.2. Financial Health and Budget Allocation
12.2.3. Product Positions/Portfolio
12.2.4. Recent Development
12.2.5. SWOT Analysis
12.3. New Biomass Energy
12.3.1. Business Description
12.3.2. Financial Health and Budget Allocation
12.3.3. Product Positions/Portfolio
12.3.4. Recent Development
12.3.5. SWOT Analysis
12.4. FutureMetrics
12.4.1. Business Description
12.4.2. Financial Health and Budget Allocation
12.4.3. Product Positions/Portfolio
12.4.4. Recent Development
12.4.5. SWOT Analysis
12.5. Bionet
12.5.1. Business Description
12.5.2. Financial Health and Budget Allocation
12.5.3. Product Positions/Portfolio
12.5.4. Recent Development
12.5.5. SWOT Analysis
12.6. Blackwood Technology
12.6.1. Business Description
12.6.2. Financial Health and Budget Allocation
12.6.3. Product Positions/Portfolio
12.6.4. Recent Development
12.6.5. SWOT Analysis
12.7. Arbaflame
12.7.1. Business Description
12.7.2. Financial Health and Budget Allocation
12.7.3. Product Positions/Portfolio
12.7.4. Recent Development
12.7.5. SWOT Analysis
12.8. Airex Energy
12.8.1. Business Description
12.8.2. Financial Health and Budget Allocation
12.8.3. Product Positions/Portfolio
12.8.4. Recent Development
12.8.5. SWOT Analysis
12.9. Bioendev
12.9.1. Business Description
12.9.2. Financial Health and Budget Allocation
12.9.3. Product Positions/Portfolio
12.9.4. Recent Development
12.9.5. SWOT Analysis
12.10. ECN
12.10.1. Business Description
12.10.2. Financial Health and Budget Allocation
12.10.3. Product Positions/Portfolio
12.10.4. Recent Development
12.10.5. SWOT Analysis
12.11. Thermogen Industries
12.11.1. Business Description
12.11.2. Financial Health and Budget Allocation
12.11.3. Product Positions/Portfolio
12.11.4. Recent Development
12.11.5. SWOT Analysis

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