BBQ Charcoal Market By Product Type (Lump, Briquettes), By Source (Agricultural Waste, Nutshells, Hardwood, Bamboo, Coconut Shells), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, Indirect), By End-User (Restaurant, Household) - Growth, Share, Opportunities & Competitive Analysis, 2019 -2027

"Increased influence of grilled food will enhance the BBQ charcoal market."

The global barbeque (BBQ) charcoal market is rising at a significant pace, projected to grow at a CAGR of 6.7% during the estimated period from 2019 to 2027, starting from US$ 1.72 Bn in 2018.

The market is driven by the rising influence of grilled food worldwide and the growing adoption of grilled food among millennials. Increasing health consciousness among people will also boost the market growth. Rising demand for barbeque (BBQ) charcoal grills due to their benefits such as smoky flavored, healthy food, more heat, more portable, and others. The increasing trend of cooking grilled food in the backyard and the growing cookout trend among youngsters will also enhance the market growth in years to come. High penetration of home-cooked grilled food in developing and developed countries such as the U.S., Canada, the U.K, and others will also help market growth. According to a recent report by QSR magazine, around 95% of Americans like BBQ food because the demand for barbeque (BBQ) food is increasing in North America.

Market Synopsis

End-user Analysis

"Rising health consciousness will spur the segment growth."

The restaurant segment led the barbeque (BBQ) charcoal market in 2018. The restaurant segment has more than 60% of the world market revenue share in the same year. The restaurant segment has its dominance owing to rising health consciousness and inclination towards grilled food. People prefer to order grilled food from restaurants as it's challenging to cook grilled food at home owing to less space and smoke in the house. In addition, the rising influence of grilled meat & chicken will also spur segment growth. Henceforth, the restaurant segment will show significant growth during the forecast period.

"Growing influence of homemade grilled food will enhance the household segment."

The household segment will show the fastest growth in years to come owing to people's growing influence of homemade grilled food. In addition, the segment will show the highest growth due to expensive restaurant grilled food, inclination towards self-cooking, and rising house party trends. Hence, the household segment will grow with the highest CAGR throughout the forecast period.

Regional Analysis

"Rising penetration of homemade grilled food will boost the market in North America."

In 2018, North America dominated the barbeque (BBQ) charcoal market. North America contributed more than 50% of the revenue share in the same year. North America has the highest share owing to growing consumers' inclination towards grill food, rising penetration of homemade grilled food, and the presence of major market players such as Duraflame, Inc., Royal Oak Enterprises, LLC, Kingsford Products Company, and others. On the other hand, the U.S. has the highest share in the market owing to the rising BBQ grill industry and increasing health consciousness among millennials. In addition, the U.S. has around 2,000 BBQ restaurants. As a result, the U.S. had over 70% share of the North American barbeque (BBQ) charcoal market in 2018. Henceforth, North America will continue its dominance in the years to come.

"Growing adoption of grilled food will spur the market in the Asia Pacific region."

The Asia Pacific region will be the fastest-growing region due to the growing BBQ grill industry and rising consumer preference for grilled food. In 2018, Asia Pacific had around 25% of the global BBQ grill market share, and it will grow with a CAGR of around 6.0% in years to come. China, Japan, and India will be the major value contributor in the region owing to rising disposable income and growing urbanization.

Rising mergers & acquisitions and new product launches will be the key strategy for the major market players, as this will enhance their geographic presence and market share.

Key Industry Development:

  • Braai & BBQ International (Pty) Ltd. recently launched an exclusive product, 'Triquettes.' This triangular-based charcoal is perfect for heat distribution. Triquettes have various advantages, such as being long-lasting, easy to light, less waste, eco-friendly, less smoke, and others.

List of Companies Covered:

  • Duraflame, Inc.
  • Royal Oak Enterprises, LLC.
  • Mesjaya Abadi Sdn. Bhd.
  • Gryfskand sp. Z o.o
  • Kingsford Products Company
  • Direct Charcoal Ltd.
  • Braai & BBQ International (Pty) Ltd.
  • CV. Elvatara Indojaya
  • Vigil Group

Historical & Forecast Period

This study report represents analysis for each segment from 2017 to 2027, considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.

Segmentation Product Type (2017–2027; US$ Bn)

  • Lump
  • Briquettes

 Source (2017–2027; US$ Bn)

  • Agricultural Waste
  • Nutshells
  • Hardwood
  • Bamboo
  • Coconut Shells

 Distribution Channel (2017–2027; US$ Bn)

  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Online
  • Indirect

 End-user (2017–2027; US$ Bn)

  • Restaurant
  • Household

 Geography (2017–2027; US$ Bn)

  • North America (U.S., Canada)
  • Europe (U.K., Germany, Spain, Italy, Rest of Europe)
  • Asia Pacific (Japan, China, India, Rest of Asia Pacific)
  • Rest of the World (Latin America, Middle East & Africa)

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities better to understand the barbeque (BBQ) charcoal market. The global report also represents the competitive landscape based on market initiatives and strategies, product portfolio, and business strengths.

Frequntly Asked Questions

The market for BBQ Charcoal is expected to reach US$ 1.72 Bn in 2028.

The BBQ Charcoal market is expected to see significant CAGR growth over the coming years, at 6.7%.

What is the base year considered for BBQ Charcoal Market?

The base year of this report is 2021.

Duraflame, Inc., Royal Oak Enterprises LLC., Mesjaya Abadi Sdn. Bhd., Gryfskand sp. Z o.o, Kingsford Products Company, Direct Charcoal Ltd, Braai & BBQ International (Pty) Ltd. are some of the major players in the global market.

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Published Date:  Jan 2020
Category:  Food & Beverage
Report ID:   60153
Report Format:   PDF
Pages:   120
Rating:    4.4 (58)
Delivery Time: 24 Hours to 48 Hours   
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