Overview and Scope
BBQ charcoal is a fuel used for grilling and barbecuing, made from partially burned wood and other organic materials. It is specifically processed to burn at high temperatures for cooking food. BBQ charcoal is valued for its ability to produce a steady, high heat suitable for grilling meats, vegetables, and other foods, contributing to the distinctive flavor and texture associated with barbecue cooking.
Sizing and Forecast
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%. The growth in the historic period can be attributed to rising of cooking-at-home trend, rising demand for charcoal grills, rise of e-commerce platforms, increasing demand for bbq charcoal, rising new barbeque restaurants, rising eco-friendly bbq, rising barbequed food products 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 growth in the forecast period can be attributed to increasing indoor cooking, increasing consumption of barbecued food, increase in purchase of barbeque grills, increase in household grill ownership, growing popularity of outdoor cooking, enhancing unique flavour and aroma. Major trends in the forecast period include development of block chain technology, development of e-commerce platforms, development of eco-friendly BBQ charcoal, developing flavored charcoal varient, and emergence of premium and artisanal charcoal products.
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Segmentation & Regional Insights
The BBQ charcoal market covered in this report is segmented –
1) By Charcoal: Lump Charcoal, Briquettes, Binchotan, Other Charcoals
2) By Source: Agricultural Waste, Coconut Shells, Nutshells, Hardwood, Bamboo
3) By Grill: Brazier, Pellet Grill, Square Charcoal Grill, Kettle Grill, Other Grills
4) By Sales Channel : Direct Sales, Retail Sales
5) By End User: Residential, Commercial
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.
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Major Driver Impacting Market Growth
The rising number of restaurants is expected to propel the growth of the BBQ charcoal market going forward. A restaurant is a business establishment where meals are prepared and served to customers. The rising number of restaurants is due to growing disposable income, changing consumer preferences, and convenience and accessibility. BBQ charcoal is used in grilling in a restaurant’s kitchen to enhance the culinary offerings and provide a memorable dining experience for customers. For instance, in 2021, according to the National Restaurant Association, a US-based government organization, in 2023, there was a significant increase in the number of restaurants, with a total of 749,404 establishments, indicating a growth of approximately 625,081 restaurants over the two years. Therefore, the rising number of restaurants drives the BBQ charcoal market.
Key Industry Players
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
The bbq charcoal market report table of contents includes:
1. Executive Summary
2. BBQ Charcoal Market Report Structure
3. BBQ Charcoal Market Trends And Strategies
4. BBQ Charcoal Market – Macro Economic Scenario
5. BBQ Charcoal Market Size And Growth
…..
27. BBQ Charcoal Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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