BBQ Charcoal Market Research, 2031
The global bbq charcoal market size was valued at $2.1 billion in 2021, and is projected to reach $3.3 billion by 2031, growing at a CAGR of 4.8% from 2022 to 2031.
The use of BBQ charcoal in domestic and personal sectors has seen a steady rise owing to increase in demand from households. Due to the COVID-19 outbreak, hotels & restaurants were working with minimal occupancy which has negatively impacted the market. Indoor cooking became popular as people preferred home cooking and homemade grilled food. The cooking-at-home trend is expected to continue through the forecast period. Rise in awareness about health and hygiene has boosted the demand for home-cooked foods, which is expected to increase the sales of BBQ charcoal.
Charcoal is suitable for cooking pizzas, steaks, and kebabs quickly over high heat. Charcoal grills can be used to cook a wide variety of recipes. It has been observed that the demand for charcoal grills (BBQs) has increased significantly over the past five years, especially during the pandemic period. Among other things, this is due to the growth in demand for grilled food and its associated benefits such as smoky taste, portability, and nutritional value. The emergence of new flavours and additives that enhance the flavour of grilled foods has led early adopters to try charcoal grilling. In addition, cooking contests are becoming more frequent as younger generations go camping and more people go out every weekend. These lifestyle changes are expected to have a positive impact on charcoal sales.
Barbecue and grilling are very popular around the world, so the entry of local players into the production of barbecue charcoal products continues to increase. Local players start producing charcoal, which negatively impacts prices. In addition, the number of local players in the market is increasing, and price competition is intensifying.
Ready-to-eat foods are precooked foods that have a long shelf life and are consumed on the go. In addition, these dishes are growing in popularity due to the convenience they offer, as they save time and require no additional heating before consumption and influence consumer eating habits. The increasing demand for ready-to-eat foods is driving the sales of charcoal, which is used in ready-to-eat foods and enhances the flavour of the prepared foods. Growing preference for such meals is driving the BBQ charcoal market growth.
The BBQ charcoal market is segmented into type, end user, and region. By type, the market is segregated into lump charcoal and charcoal briquettes. Depending on end user, it is classified into households and commercial. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of type, the charcoal briquettes segment holds the highest BBQ charcoal market share and is expected to dominate throughout the BBQ charcoal market forecast, owing to the fact that it gives consistent combustion with no fly ash emission. Furthermore, the briquettes are formed with compression which reduces wastage by around 85%. They provide a more stable burn, maintaining a steady temperature for a longer period of time with less hand holding then lump charcoal. Their demand is also driven by the factors such as cost effectiveness, reliability, easy availability in the markets across the globe.
On the basis of end use, the commercial segment holds the maximum market share. This segment accounted for more than 60% of the global market share in 2021. However, with the COVID-19 pandemic, increasing number of people have started cooking at home. This trend is expected to continue in the market which is why the households segment is expected to grow at highest CAGR. BBQ charcoal demand increasing is majorly due to commercial use of BBQ charcoal. The increase in culture of outing, party and the celebration are expected to propel the demand for BBQ charcoal.
Region wise, North America dominated the BBQ charcoal industry. North America accounted for around 48% market share in 2021 owing to increase in penetration of home-cooked grilled food and the presence of major market players such as Duraflame, Inc., Royal Oak Enterprises, LLC, Kingsford Products Company, and others. However, the Asia-Pacific region is expected to be the fastest-growing region during the forecast period due to the growing BBQ food sector and surge in consumer choices towards grilled and smoked food.
Barbecue and grilling are very popular around the globe, so the entry of local players into the production of barbecue charcoal products continues to increase. Local players start producing charcoal, which negatively impacts prices. In addition, the number of local players in the market is increasing, and price competition is intensifying. To compete in the market, local players start selling their products at lower prices. This is one of the major factors creating challenges in the global barbecue charcoal market.
Some of the key players profiled in the BBQ charcoal market analysis include Matsuri International Co. Ltd., The Oxford Charcoal Company, Braai & BBQ International (Pty) Ltd, Kingsford Products Company, PT Cavron Global, Duraflame Inc., Dancoal Sp. Z.o.o., Carbo Namibia (Pty) Ltd., Mesjaya Abadi Sdn Bhd, and Direct Charcoal Ltd.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the bbq charcoal market analysis from 2021 to 2031 to identify the prevailing bbq charcoal market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the bbq charcoal market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global bbq charcoal market trends, key players, market segments, application areas, and market growth strategies.
BBQ Charcoal Market Report Highlights
| Aspects | Details |
 By Type |
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 By End User |
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 By Region |
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 Key Market Players | Matsuri International Co. Ltd., Carbo Namibia (Pty) Ltd, The Oxford Charcoal Company, PT Cavron Global, Direct Charcoal Ltd, Braai & BBQ International (Pty) Ltd, Kingsford Products Company, Dancoal Sp. Z.o.o, Mesjaya Abadi Sdn Bhd, Duraflame Inc. |
Analyst Review
According to the insights of the top-level CXOs, block chain technology in the meat sector is a game-changer for both manufacturers and consumers. Users may utilize block chain for meat and meat products to record and track animal data such as health protocols, performance metrics, present locations, and progress across the supply chain. The option to personalize data flow between buyer and seller is unique to the platform. This feature assists the user to understand more about the product and gain a better view of it. In times of uncertainty, block chain technology encourages consumers to choose the best meat product, which is indirectly boosting demand for BBQ charcoal as the trend of grill meat is increasing.
The CXOs further added that e-commerce is projected to play an exceptional role in growth and development of the BBQ charcoal market. The use of internet coupled with growth in the adoption of smartphones and a surge in e-commerce platforms are anticipated to positively and significantly boost the sale of BBQ charcoal. The growth in penetration of various food delivery platforms such as Deliveroo, Grubhub, Dunzo, Faasos, Eatfit, Scootsy, and Zomato boosts the sales of these products. This is attributed to the fact that millennials tend to order food from these e-commerce platforms more frequently and hence this positively impacts growth of the market across the globe.
Majority of the consumers in North America prefer barbeque food for most celebrations and festive occasions. Hearth, Patio, and Barbecue Association (HPBA), reported that about 80 to 85% of customers engage in BBQ grilling on weekends during summer. In North America, over 60% of consumers prefer barbeque for birthday parties and around 34% of them enjoy it on camping trips.
Commercial stakeholders including HoReCa are the leading end users of BBQ Charcoal Market.
North America is the largest regional market for BBQ Charcoal. North America was the highest revenue contributor, accounting for $974.9 million in 2021
The global BBQ Charcoal Market was valued at $2,097.4 million in 2021, and is projected to reach $3,334.5 million by 2031, registering a CAGR of 4.77%.
Matsuri International Co. Ltd., The Oxford Charcoal Company, Braai & BBQ International (Pty) Ltd, Kingsford Products Company, PT Cavron Global, Duraflame Inc., are the leading competitors on BBQ Charcoal market.
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