The bbq charcoal global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
BBQ Charcoal Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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Scope Of BBQ Charcoal Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
BBQ Charcoal Market Overview
Market Drivers –
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.
Market Trends –
Major companies operating in the BBQ charcoal market are focused on developing innovative products, such as flavored charcoal with unique and subtle flavor profiles, catering to diverse consumer tastes and preferences. Flavored charcoal involves infusing charcoal with different flavors or scents, creating unique and aromatic products for grilling, smoking, and other cooking applications. For instance, in March 2022, Kingsford, a US-based charcoal manufacturing company, introduced its Signature Flavors, which include charcoal briquets pre-mixed with flavor boosters that steadily release flavor. This innovative product offers five signature flavors, such as garlic onion paprika, Memphis BBQ, bourbon BBQ, basil sage thyme, and cumin chili, praised for its ability to elevate the grilling experience and provide a unique flavor profile. The flavor boosters can be added to lit coals to enhance the flavor of grilled food.
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
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Regional Insights –
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.
Key Companies –
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
Table of Contents
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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