The rising focus on home cooking and grilled food among consumers is expected to boost the demand. Driven by this, the market is likely to register a growth at 5.9% CAGR during the assessment period between 2021 and 2031.
The global BBQ charcoal market is anticipated to expand at a steady 5.9% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (FMI) in a recent market analysis. Growing food industry is boosting demand for BBQ charcoal. The increasing demand from domestic & personal and commercial sectors is expected to remarkably contribute towards the expansion of the BBQ charcoal market.
The market is mainly driven by the growing demand for grilled food around the world, especially due to the increasing popularity of grilled food among millennials. Increased public health awareness also is expected to drive the growth of the market. The demand for charcoal barbeque (BBQ) is increasing because they provide grilled food healthier taste and smoky flavor. They emit more heat and are easier to move. The growing trend of backyard grilling is anticipated to drive the market growth in the coming years.
The rising awareness of healthy lifestyle and changing eating preferences are leading factors increasing the consumption of grilled or baked food. This in turn is driving the demand for charcoals & charcoal grill.
Popularity of slow-cooked pork shoulder, chicken breast, thighs, and ribs and other non-veg food items as well as grilled vegetable will result in high demand in the market. Driven by this trend, the number of barbeque restaurants is increasing at a rapid rate in emerging economies, such as India and China, where grilled dishes are increasingly popular.
Driven by these factors, the global BBQ charcoal market is expected to reach more than US$ 4.85 Bn by the end of 2031, at a compound annual growth rate of 5.9% during the assessment period.
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As per FMI, geographically, the market is predicted to be dominated by Europe, which is expected to top US$ 1.7 Bnby 2031.
“Focus on healthy food is steering consumers away from fried meals. Instead they are exhibiting high demand for barbeques food and meal preps, which has helped in the growth of the BBQ charcoal market,” says an FMI analyst.
Key Takeaways:
Competitive Landscape
Key market participants in the global BBQ charcoal market elaborated in the report includesPol-GartenHolz GmbH, BOOMEX GmbH, Oxford Charcoal company, Dancoal, Direct Charcoal Limited, Bracia Tokarscy, Eco Grilly, GrillBon and others.
Companies operating in the global BBQ charcoal market are focusing on collaborations, mergers, new product development and acquisitions to expand their production facilities and distribution channels. For instance:
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More Insights into the BBQ charcoal Market Report
In its latest report, FMI offers an unbiased analysis of the global BBQ charcoal market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product type (lump charcoal, charcoal briquettes), sales channel (offline & online) and end-use (domestic & personal and commercial) across six regions (North America, Latin America, Europe, Europe, East Asia , South Asia Pacific and Middle East & Africa).
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
May 15, 2023