BBQ Charcoal Market Forecast 2024-2033 - Major Trends, Segments And Fastest Growing Regions | KitchenAid, Clorox Company, The Middleby Corporation LLC, Spectrum Brands Inc., Weber Inc

"The new report published by The Business Research Company, titled ""BBQ Charcoal Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the BBQ charcoal market size has grown strongly in recent years. It will grow from $2.95 billion in 2023 to $3.23 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The BBQ charcoal market size is expected to see strong growth in the next few years. It will grow to $4.64 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%.

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Rising Restaurant Demand Fuels Growth Of The BBQ charcoal Market
The rising number of restaurants is expected to propel the growth of the BBQ charcoal market going forward. A restaurant is a business establishment where meals are prepared and served to customers. The rising number of restaurants is due to growing disposable income, changing consumer preferences, and convenience and accessibility. BBQ charcoal is used in grilling in a restaurant's kitchen to enhance the culinary offerings and provide a memorable dining experience for customers. For instance, in 2021, according to the National Restaurant Association, a US-based government organization, in 2023, there was a significant increase in the number of restaurants, with a total of 749,404 establishments, indicating a growth of approximately 625,081 restaurants over the two years. Therefore, the rising number of restaurants drives the BBQ charcoal market.

Innovative Trends In BBQ Charcoal Exploring Flavored Charcoal Variants
Major companies operating in the BBQ charcoal market are focused on developing innovative products, such as flavored charcoal with unique and subtle flavor profiles, catering to diverse consumer tastes and preferences. Flavored charcoal involves infusing charcoal with different flavors or scents, creating unique and aromatic products for grilling, smoking, and other cooking applications. For instance, in March 2022, Kingsford, a US-based charcoal manufacturing company, introduced its Signature Flavors, which include charcoal briquets pre-mixed with flavor boosters that steadily release flavor. This innovative product offers five signature flavors, such as garlic onion paprika, Memphis BBQ, bourbon BBQ, basil sage thyme, and cumin chili, praised for its ability to elevate the grilling experience and provide a unique flavor profile. The flavor boosters can be added to lit coals to enhance the flavor of grilled food.

The BBQ charcoal market covered in this report is segmented -

1) By Charcoal: Lump Charcoal, Briquettes, Binchotan, Other Charcoals
2) By Source: Agricultural Waste, Coconut Shells, Nutshells, Hardwood, Bamboo
3) By Grill: Brazier, Pellet Grill, Square Charcoal Grill, Kettle Grill, Other Grills
4) By Sales Channel : Direct Sales, Retail Sales
5) By End User: Residential, Commercial

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Major companies operating in the BBQ charcoal market are KitchenAid, Clorox Company, The Middleby Corporation LLC, Spectrum Brands Inc., Weber Inc., The Coleman Company Inc., Traeger Pellet Grills LLC, Royal Oak Enterprises LLC, NexGrill, Viking Range Corporation, Duraflame Inc., Ignite, Char-Broil LLC, Kingsford Products Company, Bull Outdoor Products Inc., Char-Griller, Broilmaster, Paraguay Charcoal, Direct Charcoal Limited, Timber Charcoal Company LLC

Contents of the report:
1. Executive Summary
2. BBQ Charcoal Market Report Structure
3. BBQ Charcoal Market Trends And Strategies
4. BBQ Charcoal Market - Macro Economic Scenario
5. BBQ Charcoal Market Size And Growth
…..
27. BBQ Charcoal Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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