The global BBQ charcoal market size was valued at $2,097.40 million in 2021 and is projected to reach $3,334.50 million by 2031, growing at a CAGR of 4.77% during the forecast period 2022 to 2031.
Charcoal is carbon that is left after water and other volatile compounds are burnt off from wood (or any combustible biomass) in a low oxygen environment. This process, known as pyrolysis, is done in silos or specialized charcoal kilns and can take days to complete. Lack of oxygen prevents charcoal from combusting during this process, which, in turn, prevents it from burning to ashes. This process results in a much more energy-dense fuel, charcoal that is around a quarter of original weight. Due to high energy density, lump charcoal burns a lot cleaner with less smoke and is much hotter than wood chunks.
Increase in focus on home cooking and grilled food among consumers is expected to boost demand for BBQ charcoal. In addition, surge in use of BBQ charcoal in restaurants and at homes for cooking food is expected to fuel sales in the market. Furthermore, increase in consumption of grilled food in Europe, especially in Germany, will continue the demand and consumption of BBQ charcoal.
The BBQ charcoal market has been segmented on the basis of type and end user. On the basis of type, the market is divided into lump charcoal and charcoal briquettes. On the basis of end user, the market is divided into households and commercial.
COVID-19 has imposed massive impact on the consumers eating behavior and due to which the cooking at home is the growing trends across the world. BBQ in the house is majorly a bigger market in North America and Europe. And Asia-pacific region is expected to grow as a fastest growing region. The demand for BBQ charcoal for household purpose is growing due to shift in consumer preference for healthy and smokey food. The majority of market players are involved in the manufacturing of BBQ charcoal for household purpose. A barbeque food is a part of the lifestyle in consumers like countries in U.S. and Canada. 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. Cooking out during national holidays such as Thanksgiving, Independence Day, Christmas, and New Year's Eve among others. In North America, over 60% of consumers prefer barbeque for birthday parties and around 34% of them enjoy it on camping trips.
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.
Charcoal is carbon that is left after water and other volatile compounds are burnt off from wood (or any combustible biomass) in a low oxygen environment. This process, known as pyrolysis, is done in silos or specialized charcoal kilns and can take days to complete. Lack of oxygen prevents charcoal from combusting during this process, which, in turn, prevents it from burning to ashes. This process results in a much more energy-dense fuel, charcoal that is around a quarter of original weight. Due to high energy density, lump charcoal burns a lot cleaner with less smoke and is much hotter than wood chunks.
Increase in focus on home cooking and grilled food among consumers is expected to boost demand for BBQ charcoal. In addition, surge in use of BBQ charcoal in restaurants and at homes for cooking food is expected to fuel sales in the market. Furthermore, increase in consumption of grilled food in Europe, especially in Germany, will continue the demand and consumption of BBQ charcoal.
The BBQ charcoal market has been segmented on the basis of type and end user. On the basis of type, the market is divided into lump charcoal and charcoal briquettes. On the basis of end user, the market is divided into households and commercial.
COVID-19 has imposed massive impact on the consumers eating behavior and due to which the cooking at home is the growing trends across the world. BBQ in the house is majorly a bigger market in North America and Europe. And Asia-pacific region is expected to grow as a fastest growing region. The demand for BBQ charcoal for household purpose is growing due to shift in consumer preference for healthy and smokey food. The majority of market players are involved in the manufacturing of BBQ charcoal for household purpose. A barbeque food is a part of the lifestyle in consumers like countries in U.S. and Canada. 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. Cooking out during national holidays such as Thanksgiving, Independence Day, Christmas, and New Year's Eve among others. In North America, over 60% of consumers prefer barbeque for birthday parties and around 34% of them enjoy it on camping trips.
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.
Key Market Segments
By Type
- Lump Charcoal
- Charcoal Briquettes
By End User
- Households
- Commercial
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Middle East
- South Africa
- Rest of LAMEA
Key Market Players
- 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
- Direct Charcoal Ltd
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: BBQ CHARCOAL MARKET, BY TYPE
CHAPTER 5: BBQ CHARCOAL MARKET, BY END USER
CHAPTER 6: BBQ CHARCOAL MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “BBQ Charcoal Market," the bbq charcoal market size was valued at $2.1 billion in 2021, and is estimated to reach $3.3 billion by 2031, growing at a CAGR of 4.8% from 2022 to 2031.The increase in the influence of grilled food across the world and growth in adoption of grilled food among youth are majorly driving the BBQ charcoal industry. People are increasingly getting health conscious due to which consumers are preferring smoked or grilled food over fried food. The demand for BBQ charcoal is showing a significant increase due to its benefits such as grilled food is smoky flavored and healthy. Moreover, BBQ charcoal grills provide more heat and are portable. In addition, growth in cookout trends, such as cooking grilled food in the backyard, is increasing among the youth across the world. QSR magazine has reported that more than 90% of Americans like BBQ food, which is creating growth opportunity for BBQ charcoal market in North America. However, 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. 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.
Increase in penetration of quick service restaurant chains, hotels, fast casual restaurants, cloud kitchens, and cafes has led to surge in the processed meat market in North America and Europe, which, in turn, fuels the BBQ charcoal market growth. 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 growth during the BBQ Charcoal Market Forecast.
According to the data published by the Centers for Disease Control and Prevention (CDC), around 36.6% of adults in the U.S. consume fast food on regular basis. Hence, fast food chains and emerging retail industry contribute toward growth in the use of BBQ charcoal in the developed markets such as North America and Europe. Rapid growth and penetration of these fast food chains in Asia-Pacific and LAMEA is expected to boost the demand for these products in the forthcoming years, hence providing lucrative BBQ charcoal market opportunities to the players operating in the market.
According to the BBQ charcoal market trends analysis, the 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. On the basis of type, charcoal briquettes segment dominates the market, while the lump charcoal segment is expected to exhibit a decent growth during the forecast period. Taste preferences of consumers are evolving and they are trying different variants. This makes it essential for marketers and producers to understand the latest market trends and consumer’s buying behavior.
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 Findings of the Study
- By product type, the charcoal briquettes segment is estimated to witness the faster growth, registering a CAGR of 5.2% during the forecast period.
- In 2021, by end user, the commercial segment held the higher share, accounting for more than 60% share in the global BBQ charcoal market share.
- In 2021, the U.S. was the most prominent market globally and is expected to grow at a significant CAGR throughout the forecast period.
Companies Mentioned
- 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
- Direct Charcoal Ltd
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 265 |
| Published | August 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 2097.4 million |
| Forecasted Market Value ( USD | $ 3334.5 million |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
