The global BBQ charcoal industry is anticipated to grow at a CAGR of 4.8% to reach US$ 4.84 billion by 2033, according to Future Market Insight. This is a significant improvement from its 2023 present value of US$ 3.03 billion.
Due to expanding household demand, the demand for BBQ charcoal has been constantly rising in the domestic and private sectors. People now prefer to make and eat handmade grilled cuisine at home, which has increased the popularity of indoor cooking. Throughout the forecast period, it is anticipated that this at-home cooking trend will continue.
Charcoal is an ideal fuel for quickly cooking pizzas, steaks, and kebabs at high temperatures. Charcoal grills offer a versatile cooking method for a wide range of recipes. Over the past five years, there has been a significant increase in the demand for charcoal grills. This surge can be attributed to the growing popularity of grilled food and its appealing qualities, such as the smoky flavor, portability, and nutritional value.
Elevate Your Market Presence and Request a Sample Report to Gain Advantage! https://www.futuremarketinsights.com/reports/sample/rep-gb-14234
The growing awareness of hygiene and health is expected to boost the demand for home-cooked food. Global demand for BBQ charcoal is anticipated to increase as grilled food becomes a growing trend among millennials. Additionally, the benefits of charcoal grills for BBQ, including enhanced flavor, smoky taste, portability, and healthier food options, contribute to the increasing demand.
BBQ charcoal is commonly used for outdoor cooking during leisure activities such as picnics, camping trips, and beach parties. As people engage in outdoor leisure activities, the demand for BBQ charcoal increases. BBQ charcoal offers convenience, portability, and the ability to cook delicious food in an outdoor setting.
The introduction of new flavors and additives that enhance the taste of grilled dishes has intrigued early adopters to experiment with charcoal grilling. Furthermore, the rise in camping among younger generations and the increasing number of weekend outings have led to more cooking contests, thereby driving the demand for charcoal. These shifts in lifestyle are anticipated to impact charcoal sales positively.
Barbecuing is deeply rooted in the cultural and regional traditions of many countries. In certain regions, such as North America, South America, and Europe, barbecuing is integral to the culinary heritage. The cultural and regional preferences for charcoal grilling contribute to the sustained demand for BBQ charcoal in these areas.
There is a market for premium and specialty charcoal products that offer unique features or flavors. For example, charcoal infused with natural flavors can enhance the taste of grilled food. Exploring innovative charcoal products can attract customers. Examples of innovative charcoal products include long-lasting or quick-lighting charcoal. These products cater to customers seeking convenience and high-quality grilling experiences.
Key Takeaways from the BBQ Charcoal Market:
- The BBQ charcoal industry in the United Kingdom is anticipated to rise, exhibiting a CAGR of 4.0% through 2033.
- The United States held a 28.9% share of the global BBQ charcoal industry in 2022.
- With a CAGR of 6.0% over the forecast period, India is predicted to develop rapidly in the BBQ charcoal industry.
- In 2022, Japan had a 3.6% share of the BBQ charcoal industry globally
- The BBQ charcoal industry in China is expected to increase, registering a CAGR of 5.5% over the forecast period.
- Germany accounted for 7.7% of the global BBQ charcoal industry in 2022.
Ready to scale your business? Start by obtaining the essential insights you need with a custom report crafted exclusively for you. Request it now! https://www.futuremarketinsights.com/customization-available/rep-gb-14234
Recent Developments by Key Players in the BBQ Charcoal Market
In 2021, Middleby Corporation finalized the acquisition of Masterbuilt Holdings LLC. Masterbuilt Holdings LLC is a company based in Atlanta. The company is well-known for its outdoor residential products designed for charcoal cooking.
The Oxford Charcoal Company exhibited its Agri-tech and Biochar grade products in May 2019. The exhibition took place at the BBC Gardeners World Live show. The show was held in conjunction with the BBC Good Food Show Summer. The BBC Good Food Show Summer is one of the leading gardening shows in the United Kingdom.
Key Players
- Pol-GartenHolz GmbH & Co KG
- Dancoal
- Gryfskand sp z.o.o
- Oxford Charcoal Company
- Direct Charcoal Limited
- Eco Grilly
- GrillBon
- Bracia Tokarscy
- BOOMEX GmbH
- The Great Welsh Charcoal Company
- Perechin Timber-Chemical Plant
Access Exclusive Data and Premium Insights at Discounts! Buy Now: https://www.futuremarketinsights.com/checkout/14234
BBQ Charcoal Market by Category
By Product Type:
- Lump Charcoal
- Charcoal Briquettes
By Sales Channel Type:
- Offline
- Online
By End Use:
- Domestic & Personal
- Commercial
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube