Barbecue Grill Charcoal Market Report Overview
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The global barbecue grill charcoal market size is expected to be USD 2151.3 million in 2022 and is projected to touch USD 3009.36 million by 2031, exhibiting a CAGR of 3.8% during the forecast period.
Despite the accessibility of gas grills, barbecue grill charcoal remains quite popular. This is due to the smokey flavor of the BBQ charcoal. Consequently, a number of producers are making BBQ charcoals that produce less smoke and are therefore more ecologically friendly.
Due to customer concern over the environmental effects of utilizing these barbecue grill charcoal outside, they are in high demand on the market. Barbecue charcoal may be made from a variety of sources, including wood, grass, and animal waste. However, using plant and animal waste is more economical because of resource limitations.
Additionally, diverse smokey flavors may be produced using a variety of sources and then sold on the market. Alternatives including dome grills, eco-friendly barbecue kits, and green lump coal are quickly gaining popularity.
COVID-19 Impact: Market Negatively Affected by COVID-19 Outbreak Due to Fall in Manufacturing Sector
The global COVID-19 pandemic has been unprecedented and staggering, with barbecue grill charcoal experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The spike in CAGR is attributable to the barbecue grill charcoal market growth and demand returning to pre-pandemic levels once the pandemic is over.
More individuals are remaining at home as a result of lockdown limitations and the desire to preserve social distance caused by the ongoing COVID-19 outbreak. As a result, more individuals are cooking at home and planning small social gatherings at their homes. The need for ingredients and equipment for home cooking has risen as a result of this circumstance. Due to the easiness and flavor of barbequed food, it has become extremely popular in home-style cooking. As a result, the BBQ charcoal market is anticipated to develop significantly between 2020 and 2028.
LATEST TRENDS
"Industries Must Quickly Adopt Smart Actuators to Promote Growth"
People in both rich and developing nations have more money to spend on things that are known to make their lives simpler, and barbecue grill charcoal is one of those necessities. Food cooked over a charcoal grill has an unrivaled genuine smokey flavor and taste. Both home and commercial uses for charcoal barbecues are possible. Barbecue grill charcoal are bigger than residential ones, allowing for the efficient cooking of huge quantities of food. Commercial charcoal grills come in both fixed and portable models. Since they can be readily transported to and assembled in any distant place, there is a relatively large demand for portable charcoal grills.
The hospitality industry has undergone a number of changes that are anticipated to increase the market and demand for charcoal grills in the near future. However, it is anticipated that the barbecue grill charcoal market would be constrained by worries about the use of charcoal derived from natural resources and the negative impacts connected with it.
Manufacturers of charcoal grills are coming up with a variety of improvisations. The market participants may soon have a significant potential to strengthen their position and market share thanks to innovative setup innovations.
Barbecue Grill Charcoal Market Segmentation
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- By Type Analysis
By type, market is segmented into lump charcoal, charcoal briquettes, extruded charcoal and sugar charcoal. The lump charcoal segment will dominate the market in the coming years.
- By Application Analysis
Based on applications, the market is classified into commercial and residential. The commercial segment will lead the global share through 2028.
DRIVING FACTORS
"Growing Popularity of Household Grills to Foster Demand "
The household segment will benefit from the handmade grilled food industry's growing influence. Due to the increasing popularity of handmade grilled meals among consumers, the household segment will have the fastest increase over the next years. The category will have the greatest development as a result of the expanding popularity of house parties, self-cooking, and the growing number of individuals who avoid eating out. Therefore, during the course of the projection period, the household category will increase at the greatest CAGR.
"Growing Demand for Charcoal Briquettes to Drive Growth"
Sales of charcoal briquettes are increasing as people eat more barbecued cuisine. Other characteristics of charcoal briquettes make them more practical for usage. In comparison to other charcoal, they burn more slowly, maintain heat for a longer period of time, and are less expensive. Growing consumer preference for grilled food over raw and fried food products is anticipated to drive market expansion. Due to their lengthy burn times and affordable prices, charcoal briquettes are commonly utilized. Rising health consciousness is projected to fuel the trend for grilled and home-cooked cuisine, which will drive demand for barbecue grill charcoal market throughout the forecast period.
RESTRAINING FACTORS
"Rising Concerns About the Negative Impacts of Charcoal Burning to Affect Growth "
Due to the rigorous regulations that coal producers must follow regarding illicit timber movement and deforestation, the market's supply of barbeque charcoal has been constrained. The manufacture of charcoal is also anticipated to be hampered by growing environmental protection awareness and tightening government regulations intended to prevent the felling of trees in various nations. The loss of natural resources, the production of toxic smoke when charcoal is burned, and the rise in meat consumption that results in an increase in greenhouse gas emissions are some other important concerns restricting the use of charcoal for barbecuing.
Barbecue Grill Charcoal Market Regional Insights
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"North America to Hold the Highest Global and United States Barbecue Grill Charcoal Market Share"
In in terms of geography, North America led the barbecue grill charcoal market. Due to the growing popularity of home-cooked grilled meals and the existence of significant market participants like Duraflame, Inc., Royal Oak Enterprises, LLC, Kingsford Products Company, and others, North America held a 48% market share in 2021. However, due to the expansion of the BBQ food industry and a rise in customer preference for grilled and smoked food, the Asia Pacific region is anticipated to see the quickest growth during the projected period.
Global popularity of grilling and barbecuing has led to a rise in local producers entering the market for barbecue charcoal goods. Charcoal production by local producers has a detrimental effect on pricing. Additionally, there are more local competitors on the market, which is leading to more intense pricing competition. Local players are lowering the prices at which they offer their goods in order to compete in the market. This is one of the main issues affecting the worldwide market for barbecue charcoal.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.
List of Market Players Profiled
- Kingsford (U.S.)
- Royal Oak Charcoal (U.S.)
- Duraflame (U.S.)
- Profagus (Germany)
- Dancoal (Poland)
- Big K Products (UK.)
- E&C Charcoal (South Africa)
- Hui Dong Lv Sheng (China)
- Vina Charcoal (Vietnam)
- NAMCHAR (South Africa)
- Alschu-Chemie (Germany)
- Gryfskand (Poland)
- Schönbucher (Germany)
- Basques Hardwood Charcoal (Canada)
- Fogo charcoal (U.S.)
- Ignite Products (U.S.)
REPORT COVERAGE
The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 21513 Million in 2022 |
Market Size Value By |
US$ 3009.36 Million by 2031 |
Growth Rate |
CAGR of 3.8% from 2022 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Types & Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the barbecue grill charcoal market expected to touch by 2031?
Over the research period, the barbecue grill charcoal market will be reaching USD 3009.36 million in 2031.
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What CAGR is the barbecue grill charcoal market expected to exhibit by 2031?
The barbecue grill charcoal market is expected to exhibit a CAGR of 3.8% by 2031.
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Which are the driving factors of the barbecue grill charcoal market?
The growing popularity of household grills, and growing demand for charcoal briquettes are the driving factors of the barbecue grill charcoal market.
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Which are the top companies operating in the barbecue grill charcoal market?
Profagus, Dancoal, Kingsford and Ignite Products are some of the top companies operating the barbecue grill charcoal market.