PUBLISHER: The Business Research Company | PRODUCT CODE: 1539626
PUBLISHER: The Business Research Company | PRODUCT CODE: 1539626
BBQ charcoal is a fuel used specifically for grilling and barbecuing, crafted from partially burned wood and other organic materials. It is processed to burn at high temperatures ideal for cooking food. BBQ charcoal is prized for its ability to generate a consistent, intense heat, perfect for grilling meats, vegetables, and other dishes, enhancing the distinctive flavors and textures associated with barbecue cuisine.
The primary types of BBQ charcoal include lump charcoal, briquettes, binchotan, and others. Lump charcoal is derived from natural wood without any additives or chemicals, sourced from materials such as agricultural waste, coconut shells, nutshells, hardwoods, and bamboo. It is utilized with various types of grills such as braziers, pellet grills, square charcoal grills, kettle grills, among others. These products are sold through direct and retail channels, catering to residential and commercial consumers alike.
The BBQ market research report is one of a series of new reports from The Business Research Company that provides BBQ market statistics, including BBQ industry global market size, regional shares, competitors with an BBQ market share, detailed BBQ market segments, market trends, and opportunities, and any further data you may need to thrive in the BBQ industry. This BBQ research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The BBQ charcoal market size has grown strongly in recent years. It will grow from $2.95 billion in 2023 to $3.23 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. During the historic period, growth was driven by the increasing trend of cooking at home, growing demand for charcoal grills, the rise of e-commerce platforms facilitating easier access to BBQ charcoal, increasing popularity of BBQ cooking, the emergence of new barbecue restaurants, growing interest in eco-friendly barbecue practices, and expanding varieties of barbecued food products using charcoal.
The BBQ charcoal market size is expected to see strong growth in the next few years. It will grow to $4.64 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The forecasted growth can be attributed to increasing indoor cooking trends, rising consumption of barbecued food, increased purchases of barbecue grills, growing household ownership of grills, and the growing popularity of outdoor cooking, which enhances unique flavors and aromas. Major trends expected in the forecast period include advancements in blockchain technology, the development of e-commerce platforms facilitating easier access to BBQ charcoal, the rise of eco-friendly BBQ charcoal options, the development of flavored charcoal variants, and the emergence of premium and artisanal charcoal products.
The BBQ charcoal market is poised for growth driven by an increasing number of restaurants. Restaurants, where meals are prepared and served to customers, are on the rise due to factors such as higher disposable incomes, evolving consumer preferences, and the convenience they offer. BBQ charcoal plays a crucial role in restaurant kitchens, enhancing culinary offerings and creating memorable dining experiences for patrons. For example, the National Restaurant Association reported a significant increase in the number of restaurants, reaching 749,404 establishments by 2023, marking a notable growth over the previous two years and highlighting the driving force behind the BBQ charcoal market.
Leading companies in the BBQ charcoal market are focusing on innovation with products such as flavored charcoal, designed to cater to diverse consumer tastes and preferences. Flavored charcoal involves infusing charcoal with distinct flavors or scents, enhancing grilling and smoking applications. Kingsford, a US-based charcoal manufacturer, introduced Signature Flavors in March 2022, featuring charcoal briquets infused with flavor boosters that gradually release flavor. These innovative products offer a range of flavors such as garlic onion paprika, Memphis BBQ, bourbon BBQ, basil sage thyme, and cumin chili, elevating the grilling experience with unique flavor profiles that enhance the taste of grilled foods.
In December 2021, The Middleby Corporation expanded its presence in the outdoor cooking market by acquiring Masterbuilt Holdings LLC. This strategic move enhanced Middleby's product offerings for outdoor residential use, including BBQ charcoal and gas cooking products, strengthening its position in serving backyard cooking enthusiasts.
Major companies operating in the BBQ charcoal market are KitchenAid, Clorox Company, The Middleby Corporation LLC, Spectrum Brands Inc., Weber Inc., The Coleman Company Inc., Traeger Pellet Grills LLC, Royal Oak Enterprises LLC, NexGrill, Viking Range Corporation, Duraflame Inc., Ignite, Char-Broil LLC, Kingsford Products Company, Bull Outdoor Products Inc., Char-Griller, Broilmaster, Paraguay Charcoal, Direct Charcoal Limited, Timber Charcoal Company LLC
North America was the largest region in the BBQ charcoal market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the BBQ charcoal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the BBQ charcoal market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The BBQ charcoal market consists of sales of including lump charcoal, charcoal briquettes, and coconut shell charcoal. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
BBQ Charcoal Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on BBQ charcoal market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for BBQ charcoal ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The BBQ charcoal market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.