The BBQ charcoal market has experienced strong growth, rising from $2.95 billion in 2023 to $3.23 billion in 2024, reflecting a CAGR of 9.2%. This growth is driven by the cooking-at-home trend, increased demand for charcoal grills, the rise of e-commerce platforms, the establishment of new BBQ restaurants, and the availability of eco-friendly BBQ products. The market is projected to continue its upward trend, reaching $4.64 billion by 2028 at a CAGR of 9.5%. Future growth will be supported by indoor cooking trends, rising consumption of barbecued food, increased BBQ grill purchases, higher household grill ownership, and the growing popularity of outdoor cooking. Trends to watch include the adoption of blockchain technology, the development of e-commerce platforms, the rise of eco-friendly BBQ charcoal, flavored charcoal variants, and premium artisanal products.
Major Driver In The BBQ Charcoal Market
The BBQ charcoal market is expected to experience growth due to the increasing number of restaurants. The rise in restaurant establishments is driven by factors such as higher disposable incomes, changing consumer preferences, and improved convenience and accessibility. BBQ charcoal is widely used in restaurant kitchens for grilling, thereby enhancing the dining experience. For example, the National Restaurant Association reported that the number of restaurants in the U.S. increased to 749,404 in 2023, showing a rise of approximately 625,081 establishments over the past two years. The growing number of restaurants is significantly boosting the BBQ charcoal market.
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BBQ Charcoal Market Competitive Landscape
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
Key BBQ Charcoal Market Trend
Companies in the BBQ charcoal market are introducing innovative products such as flavored charcoal to cater to diverse consumer preferences. For instance, in March 2022, US-based Kingsford introduced its Signature Flavors, which are charcoal briquets pre-mixed with flavor boosters that release flavor steadily. Available in five signature flavors—garlic onion paprika, Memphis BBQ, bourbon BBQ, basil sage thyme, and cumin chili—these products are designed to enhance the grilling experience with unique taste profiles.
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BBQ Charcoal Market Segmentation
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
By Geography:The regions covered in the BBQ charcoal market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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 BBQ Charcoal Global Market Report 2024 furnishes information about the global bbq charcoal market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
