Home / Food & Beverages / BBQ Charcoal Market By Product Type (Lump, Briquettes), By Source (Agricultural Waste, Nutshells, Hardwood, Bamboo, Coconut Shells), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, Indirect), By End-use (Restaurant, Household) - Growth, Share, Opportunities & Competitive Analysis, 2020 -2028

BBQ Charcoal Market By Product Type (Lump, Briquettes), By Source (Agricultural Waste, Nutshells, Hardwood, Bamboo, Coconut Shells), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, Indirect), By End-use (Restaurant, Household) - Growth, Share, Opportunities & Competitive Analysis, 2020 -2028

Published: Sep 2020 | Published By: Acute Market Reports

Key Market Insights

“Increased influence of grilled food will enhance the BBQ charcoal market”

The global barbeque (BBQ) charcoal market is rising at a significant pace, projected to rise at a CAGR of 8.1% during the estimated period from 2020 to 2028, starting from US$ 1.81 Bn in 2019.

The market is majorly driven by the rising influence of grilled food worldwide and the growing adoption of grilled food among millennials. Increasing health consciousness among people will also boost the market growth. Rising demand for barbeque (BBQ) charcoal grills due to their benefits such as smoky flavored, healthy food, more heat, more portable, and others. The increasing trend of cooking grilled food at the backyard and growing cookout trend among youngsters will also enhance the market growth in years to come. High penetration of home-cooked grilled food in developing and developed countries such as the U.S., Canada, the U.K, and others will also help in market growth. According to a recent report by QSR magazine, around 95% of Americans like BBQ food owing to which the demand for barbeque (BBQ) food is increasing in North America. 

In addition, lockdown restrictions and the need to maintain social distancing due to the ongoing COVID-19 pandemic have resulted in more number of people staying at home. Thereby, an increasing number of people have been engaged in-home cooking and organizing small social events at home. This situation has resulted in an increasing demand for home cooking equipment and materials. Since barbequed food has enjoyed immense popularity in home-style cooking on account of its ease and taste, the BBQ charcoal market is expected to witness significant growth during the forecast period from 2020 to 2028.

End-use Analysis

“Rising home cooking culture due to lockdown restrictions and continued popularity of BBQ cooking would drive demand from the household end-use segment”

The restaurant segment led the barbeque (BBQ) charcoal market in 2019. The restaurant segment contributed to more than 60% of the world market revenue share in 2019. However, with the ongoing COVID-19 pandemic, a significant majority of restaurants have been closed or operating at a minimal occupancy to maintain health safety. Thereby, the dominance of the restaurant segment is expected to fall during the forecast period from 2020 to 2028.

Despite losing a significant market growth from the restaurant industry, the BBQ charcoal market has been growing due to increasing demand from the household segment. An increasing number of people have been engaged in in-home cooking and taking up cooking challenges. Since BBQ has always been a popular culture in developed markets, the BBQ charcoal market is expected to witness significant growth from the household segment.

“Growing influence of homemade grilled food will enhance the household segment”

The household segment will show the fastest growth in years to come owing to the growing influence of homemade grilled food among people. The segment will show the highest growth due to the growing number of people avoiding restaurants and, inclination towards self-cooking and rising house party trends. Hence, the household segment will grow with the highest CAGR throughout the forecast period. 

Regional Analysis

“Rising penetration of homemade grilled food will boost the market in North America”

In 2019, North America dominated the barbeque (BBQ) charcoal market. North America contributed to more than 50% of the revenue share in the same year. North America has the highest share owing to growing consumer’s inclination towards grill food, rising penetration of homemade grilled food, and the presence of major market players such as Duraflame, Inc., Royal Oak Enterprises, LLC, Kingsford Products Company, and others. The U.S. has the highest share in the market owing to the rising BBQ grill industry and increasing health consciousness among millennials. The U.S. has over 70% share of the North America barbeque (BBQ) charcoal market in 2019. Henceforth, North America will continue its dominance in the years to come.

“Growing adoption of grilled food will spur the market in the Asia Pacific region”

The Asia Pacific region is expected to be the fastest-growing region during the forecast period owing to the growing BBQ grill industry and rising consumer preference towards grilled food. In 2019, Asia Pacific has around 25% of the global BBQ grill market share and it will grow with a CAGR of around 9.2% in years to come. China, Japan, and India will be the major value contributor in the region owing to rising disposable income and growing urbanization. 

Rising mergers & acquisitions and new product launches will be the key strategy for the major market players, as this will enhance their geographic presence and market share.

Key Industry Development:

  • Recently, Braai & BBQ International (Pty) Ltd., launched an exclusive product ‘Triquettes’. This triangular based charcoal is perfect for heat distribution. Triquettes have various advantages such as long-lasting, easy to light, less waste, eco-friendly, less smoke, and others.

List of Companies Covered:

  • Duraflame, Inc.
  • Royal Oak Enterprises, LLC.
  • Mesjaya Abadi Sdn. Bhd.
  • Gryfskand sp. Z o.o
  • Kingsford Products Company
  • Direct Charcoal Ltd.
  • Braai & BBQ International (Pty) Ltd.
  • CV. Elvatara Indojaya
  • Vigil Group

Historical & Forecast Period

This study report represents analysis for each segment from 2018 to 2028 considering 2019 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2020 to 2028.

Market Segmentation

 

ATTRIBUTE DETAILS
Research Period  2018-2028
Base Year 2019
Forecast Period  2020-2028
Historical Year  2018
Unit  USD Billion
Segmentation

 Product Type (2018–2028; US$ Bn)
 • Lump
 • Briquettes

 Source (2018–2028; US$ Bn)
 • Agricultural Waste
 • Nutshells
 • Hardwood
 • Bamboo
 • Coconut Shells

 Distribution Channel (2018–2028; US$ Bn)
 • Supermarkets/Hypermarkets
 • Specialty Stores
 • Online
 • Indirect

 End-use (2018–2028; US$ Bn)
 • Restaurant
 • Household

 Geography (2018–2028; US$ Bn)
 • North America (U.S., Canada)
 • Europe (U.K., Germany, Spain, Italy, Rest of Europe)
 • Asia Pacific (Japan, China, India, Rest of Asia Pacific)
 • Rest of the World (Latin America, Middle East & Africa)

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities that give a better market understanding of the overall barbeque (BBQ) charcoal market. Additionally, the global report also comprises a graphical representation of a competitive landscape based on their market initiatives and strategies, product portfolio, and business strengths.

Key questions answered in this report

  • What are the current market trends and dynamics in the BBQ charcoal market and valuable opportunities for emerging players?
  • Which segment accounts for the fastest CAGR during the forecast period?
  • What are the drivers of the BBQ charcoal market?
  • Notable developments going on in the BBQ charcoal market.
  • What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • A comparative scenario for all the segments for years 2019 (actual) and 2028 (forecast)

TABLE 1 Market Snapshot: Global BBQ Charcoal Market
TABLE 2 Global BC Market, by Product Type, 2018–2028 (US$ Bn)
TABLE 3 Global BC Market, by Source, 2018–2028 (US$ Bn)
TABLE 4 Global BC Market, by Distribution Channel, 2018–2028 (US$ Bn)
TABLE 5 Global BC Market, by End-user, 2018–2028 (US$ Bn)
TABLE 6 Global BC Market, by Geography, 2018–2028 (US$ Bn)
TABLE 7 North America BC Market, by Product Type, 2018–2028 (US$ Bn)
TABLE 8 North America BC Market, by Source, 2018–2028 (US$ Bn)
TABLE 9 North America BC Market, by Distribution Channel, 2018–2028 (US$ Bn)
TABLE 10 North America BC Market, by End-user, 2018–2028 (US$ Bn)
TABLE 11 North America BC Market, by Country, 2018–2028 (US$ Bn)
TABLE 12 Europe BC Market, by Product Type, 2018–2028 (US$ Bn)
TABLE 13 Europe BC Market, by Source, 2018–2028 (US$ Bn)
TABLE 14 Europe BC Market, by Distribution Channel, 2018–2028 (US$ Bn)
TABLE 15 Europe BC Market, by End-user, 2018–2028 (US$ Bn)
TABLE 16 Europe BC Market, by Country/Region, 2018–2028 (US$ Bn)
TABLE 17 Asia Pacific BC Market, by Product Type, 2018–2028 (US$ Bn)
TABLE 18 Asia Pacific BC Market, by Source, 2018–2028 (US$ Bn)
TABLE 19 Asia Pacific BC Market, by Distribution Channel, 2018–2028 (US$ Bn)
TABLE 20 Asia Pacific BC Market, by End-user, 2018–2028 (US$ Bn)
TABLE 21 Asia Pacific BC Market, by Country/Region, 2018–2028 (US$ Bn)
TABLE 22 RoW BC Market, by Product Type, 2018–2028 (US$ Bn)
TABLE 23 RoW BC Market, by Source, 2018–2028 (US$ Bn)
TABLE 24 RoW BC Market, by Distribution Channel, 2018–2028 (US$ Bn)
TABLE 25 RoW BC Market, by End-user, 2018–2028 (US$ Bn)
TABLE 26 RoW BC Market, by Country/Region, 2018–2028 (US$ Bn)
TABLE 27 Duraflame, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 Royal Oak Enterprises, LLC.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 29 Mesjaya Abadi Sdn. Bhd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 30 Gryfskand sp. Z o.o: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 31 Kingsford Products Company: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 32 Direct Charcoal Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 33 Braai & BBQ International (Pty) Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 34 CV. Elvatara Indojaya: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 35 Vigil Group: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

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