The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The BBQ charcoal market has seen significant growth in recent years, driven by changing consumer behaviors and evolving market dynamics. From a strong 2023 performance to promising future projections, this market is heating up with opportunities.

Recent Market Growth

• Impressive Market Size:
  • The BBQ charcoal market grew to $2.95 billion in 2023.
  • It is expected to reach $3.23 billion in 2024, marking a robust CAGR of 9.2%.
• Key Growth Drivers:
  • Cooking-at-Home Trend: The rise in home cooking, especially with charcoal grills, has spurred demand.
  • E-commerce Platforms: Online sales have made it easier for consumers to access a variety of charcoal products.
  • New Barbecue Restaurants: The increasing number of BBQ-themed restaurants has fueled market growth.
  • Eco-Friendly Options: A shift towards eco-conscious consumption has led to higher demand for sustainable BBQ charcoal.

Future Market Projections

• Strong Growth Expected:
  • The market size is forecasted to expand to $4.64 billion by 2028, with a CAGR of 9.5%.
• Emerging Trends:
  • Indoor Cooking: As more people embrace indoor barbecuing, the demand for charcoal continues to rise.
  • Household Grill Ownership: An increase in home ownership of grills is driving sales of BBQ charcoal.
  • Outdoor Cooking Popularity: The growing love for outdoor cooking is enhancing the market’s potential.
  • Flavor and Aroma: The demand for unique flavors and aromas in cooking is pushing innovation in the market.

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https://www.thebusinessresearchcompany.com/report/bbq-charcoal-global-market-report

Restaurant Demand Drives Market Growth

• Rising Number of Restaurants:
  • The surge in new restaurants, driven by higher disposable incomes and changing consumer preferences, is a major growth factor.
  • BBQ charcoal is integral to restaurant kitchens, enhancing the culinary experience.
• Notable Statistic:
  • The number of US restaurants grew significantly, with 749,404 establishments by 2023, indicating a notable increase from previous years.

Major Players in the BBQ Charcoal Market

• Key Companies:
  • KitchenAid, Clorox Company, Weber Inc., and Traeger Pellet Grills LLC are some of the leading names in the market.
  • Middleby Corporation expanded its footprint in outdoor cooking through the acquisition of Masterbuilt Holdings LLC in December 2021.

Innovative Trends in BBQ Charcoal

• Flavored Charcoal Variants:
  • Companies are focusing on developing flavored charcoal, appealing to diverse consumer tastes.
  • Kingsford’s Signature Flavors: Introduced in 2022, these briquets are pre-mixed with flavor boosters like garlic onion paprika and Memphis BBQ, enhancing the grilling experience.

Market Segmentation

• Charcoal Types:
  • Lump Charcoal, Briquettes, Binchotan, and Other Charcoals cater to varied consumer preferences.
• Sources:
  • Charcoal is derived from sources like Agricultural Waste, Coconut Shells, Hardwood, and Bamboo.
• Grill Types:
  • Brazier, Pellet Grill, Square Charcoal Grill, and Kettle Grill are among the popular choices.
• Sales Channels:
  • Products are sold via Direct Sales and Retail Sales channels.
• End Users:
  • Residential and Commercial sectors dominate the end-user landscape.

Regional Insights

• North America:
  • The largest market region in 2023, reflecting the region’s strong consumer base and market infrastructure.
• Asia-Pacific:
  • Projected to be the fastest-growing region in the forecast period, driven by increasing urbanization and rising disposable incomes.

Conclusion

The BBQ charcoal market is poised for strong growth in the coming years, fueled by rising consumer interest in home and outdoor cooking, innovations in product offerings, and the expanding restaurant industry. With an increasing focus on flavor and sustainability, the market is expected to continue evolving, presenting numerous opportunities for businesses and consumers alike.

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The BBQ Charcoal Global Market Report 2024  provides an overview of the bbq charcoal market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The bbq charcoal market forecast analyzes bbq charcoal market size, bbq charcoal market share, leading competitor and their market positions.

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