Press release
Briquettes BBQ Charcoal Market: U.S Continues to Hold 35% Share of the Global Market – Fact.MR Study
The ubiquitous BBQ charcoal market is mushrooming at a striking pace. According to a recent market study by Fact.MR, the global BBQ charcoal industry is anticipated to augment at 4.9 % CAGR during the forecast period from 2021 to 2031.The market is being pushed primarily by the expanding global influence of grilled cuisine and the increased popularity of grilled meals among millennials. People's increased health consciousness will also promote market growth. Rising demand for charcoal grills for barbeque (BBQ) owing to perks such as smoky taste, healthier food, greater heat, and portability, among others.
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Key Points Addressed in BBQ Charcoal Industry Analysis
• Market Estimates and Forecasts (2016-2031)
• Key Drivers and Restraints Shaping Market Growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand Share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• Recommendation on Key Winning Strategies
Heightening Environmental Concerns Spurring Eco-Friendly BBQ Charcoal Sales?
Despite the availability of gas barbecues, BBQ charcoal is in strong demand. This is because the BBQ charcoal has a smoky taste. As a result, several manufacturers are producing BBQ charcoals that emit less smoke and are thus more environmentally friendly.
These BBQ charcoals are in great demand in the market because consumers are concerned about the environmental impact of using these BBQ charcoals in the open. Wood, grass, and animal waste are some of the materials used to make BBQ charcoal. However, due to the scarcity of resources, the use of plant and animal waste is more cost effective.
Furthermore, different sorts of sources may be employed to generate various smoky tastes, which can then be brought into the market. Alternatives such as green lump coal, eco-friendly grill kits and dome grills are rapidly gaining traction.
How will Veganism Impact BBQ Charcoal Demand?
Currently, the total number of vegans across the globe is approximately 78 million, which accounts for 1.04% of the global population, and this number is constantly growing. Considering European countries, 3.2% of the total population is vegan, which has doubled from 1.3 million in 2016 to approx. 2.6 million in 2020.
Focusing on Europe, there is a shift in eating behavior among the population, wherein, 2.6 million people are vegan, which accounts for 3.2% of Europe’s overall population. Also, among the total flexitarian demographic in Europe, over 57% are committed to vegetarianism. These factors exhibit signs of declining meat consumption, ultimately restricting the reach of BBQ charcoal to a great extent.
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Key Segments Covered
Form
• Briquettes BBQ Charcoal
• Lump Wood BBQ Charcoal
• Supermarkets/Hypermarkets
• Specialty Stores
• Online Stores
Sales Channel
• Direct BBQ Charcoal Sales
• Retail BBQ Charcoal Sales
End User
• BBQ Charcoal for Hotels, Restaurants and Catering (HoReCa)
• BBQ Charcoal for Households
Source
• BBQ Charcoal made from Agricultural Waste
• BBQ Charcoal made from Coconut Shells
• BBQ Charcoal made from Nutshells
• BBQ Charcoal made from Hardwood
• BBQ Charcoal made from Bamboo
Competitive Landscape
Prominent manufacturers are reliant on constantly offering new product lines so as to consolidate their footing in the global market. Offering BBQ charcoal with minimum emissions is the cornerstone for several manufacturers. Additionally, capacity expansion, mergers & acquisitions and collaborations are also relied upon.
• In May 2019, Oxford Charcoal Company to exhibit its Biochar and Agri-tech grade products at the BBC Gardeners World Live show, co-hosted with the BBC Good Food Show Summer- one of UKs largest gardening shows
• Also, Kingsford Products Company has introduced its own range of Hardwood Pellets, manufactured from all-natural, pure flavor hardwoods devoid of any fillers, binders or preservatives, available five flavors- classic, signature, hickory, maple and cherry
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Key Companies Profiled
• 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
• GRYFSKAND SP. Z.O.O
• The Dorset Charcoal Co.
• Direct Charcoal Ltd
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