BBQ Charcoal Market By Type (Lump Charcoal, Charcoal Briquettes), By End User (Households, Commercial): Global Opportunity Analysis and Industry Forecast, 2021-2031
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.
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
Please Note: It will take 7-10 business days to complete the report upon order confirmation.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook