BBQ Charcoal Market 2024-2033 : Market Size, Top Segments, Leading Region Forecast

"The Business Research Company recently released a comprehensive report on the Global BBQ Charcoal Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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 growth in the historic period can be attributed to rising of cooking-at-home trend, rising demand for charcoal grills, rise of e-commerce platforms, increasing demand for bbq charcoal, rising new barbeque restaurants, rising eco-friendly bbq, rising barbequed food products charcoal.

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%. The growth in the forecast period can be attributed to increasing indoor cooking, increasing consumption of barbecued food, increase in purchase of barbeque grills, increase in household grill ownership, growing popularity of outdoor cooking, enhancing unique flavour and aroma. Major trends in the forecast period include development of block chain technology, development of e-commerce platforms, development of eco-friendly BBQ charcoal, developing flavored charcoal varient, and emergence of premium and artisanal charcoal products.

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Market Drivers and Trends:

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.

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.

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Major Key Players of the Market:

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

BBQ Charcoal Market 2024 Key Insights:

• 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%.
• Rising Restaurant Demand Fuels Growth Of The BBQ charcoal Market
• Innovative Trends In BBQ Charcoal Exploring Flavored Charcoal Variants
• North America was the largest region in the BBQ charcoal market in 2023

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