BBQ Charcoal Market

BBQ Charcoal Market Outlook (2023 to 2033)

The global BBQ charcoal market stands at a size of US$ 3.25 billion in 2023. Worldwide demand for BBQ charcoal is projected to register growth at 4.9% CAGR and reach a market valuation of US$ 5.24 billion by the end of 2033.

Increasing awareness about hygiene and health is expected to boost the requirements for home-cooked food, which is estimated to contribute to market growth opportunities. Rising popularity of grilled cuisines among millennials is also predicted to propel the demand for BBQ charcoal around the world. Moreover, propelling demand for charcoal grills for BBQ is owing to their perks, including greater taste, smoky taste, portability, and healthier food.

• Sales of BBQ charcoal in the United States are predicted to expand at a CAGR of 3.8% and reach US$ 1.37 billion by 2033-end.
• Demand for BBQ charcoal briquettes is expected to rise at a CAGR of 4.4% and reach a valuation of US$ 3.29 billion by the end of 2033.
• The Japanese market is forecasted to expand at a CAGR of 3.8% and reach US$ 246.26 million by 2033-end.

Charcoal is suitable to cook kebabs, steaks, and pizzas quickly over high heat. Further, charcoal grills are used for the cooking of a wide variety of recipes. In addition, the growth in the target market is attributed to the benefits of grilled food, including nutritional value and others.

Emergence of new additives and flavors that are used to enhance the flavor of grilled foods has resulted in the adoption of charcoal grilling. The frequency of outdoor cooking among younger generations due to camping and outing on weekends are also fueling demand for BBQ charcoal.

Grilling and barbeque are very popular across the globe, therefore the entry of some local players in the manufacturing of barbeque charcoal products is estimated to increase. Thus, the rising involvement of local players is predicted to intensify competition among market players in the coming decade.

Ready-to-eat foods have a longer shelf life and are easy to consume. Moreover, these food dishes are becoming popular owing to their convenience. They require no additional preparation before their consumption and are time-saving therefore influencing the eating habits of consumers. The propelling demand for ready-to-eat food items is anticipated to bolster sales of BBQ charcoal to enhance the flavors of foods.

Fact.MR, a provider of market research and competitive intelligence, recently published a detailed report on the BBQ charcoal market. The report provides a thorough analysis of growth strategies that are adopted by industry players.

Report Attributes	Details
BBQ Charcoal Market Size (2023)	US$ 3.25 Billion
Forecasted Market Value (2033)	US$ 5.24 Billion
Global Market Growth Rate (2023 to 2033)	4.9% CAGR
HoReCa Segment Growth Rate (2023 to 2033)	5.4% CAGR
China Market Growth Rate (2023 to 2033)	5.8% CAGR
United Kingdom Market Value (2033)	US$ 361.54 Million
Japan Market Value (2033)	US$ 246.26 Million
Key Companies Profiled	Matsuri International Co. Ltd. PT Cavron Global The Oxford Charcoal Company Kingsford Products Company Braai & BBQ International (Pty) Ltd Duraflame Inc. Direct Charcoal Ltd. The Dorset Charcoal Co. GRYFSKAND SP. Z.O.O. Mesjaya Abadi Sdn Bhd Carbo Namibia (pty) Ltd Dancoal Sp. Z.o.o.

Which Factors are Supporting Global BBQ Charcoal Market Growth?

“Rising Environmental Concerns Driving Demand for Eco-friendly BBQ Charcoal”

BBQ charcoal is experiencing increased demand despite the global availability of various types of gas barbecues. This is attributed to the smoky taste provided by BBQ charcoal. Therefore, various manufacturers are manufacturing more environmentally friendly BBQ charcoal that emits less smoke.

In recent years, there is a noticeable increase in the demand for BBQ charcoal as many consumers are becoming aware of the environmental impacts of the use of BBQ charcoal in open areas. However, there are a few consumers who are giving preference to animal and plant waste due to their cost-effectiveness.

“Growing Count of New Barbeque Restaurants”

Various grilling food products, including meat, are helpful to retain different nutrients compared to other options. Therefore, the rising demand for barbequed food products in the food and restaurant industry is estimated to help key suppliers of barbeque establish a chain of various barbeque restaurants.

For instance,

• Dickey’s Barbeque Pit opened its six new barbeque franchises in 2021 in different cities, including Arkansas, Arizona, New Jersey, Texas, and New Mexico.

The opening of these types of new barbeque franchises is estimated to bolster demand for BBQ charcoal in different grilling food.

What Challenges are Encountered by Suppliers of BBQ Charcoal?

“Adverse Impact of Veganism Trend on Sales of BBQ Charcoal”

In recent years, the population of vegan people is increasing at a significant rate. This is leading to a noteworthy shift in eating behavior and exhibits certain signs of declining consumption of meat. This factor is predicted to restrict the demand for BBQ charcoal to some extent.

“Easy Availability of Substitutes to BBQ Charcoal”

Charcoal cooking is completed at high temperature that creates a lot of smoke. Therefore, it can be carcinogenic for certain meats which can increase the risk of cancer-like issues. This leads to increased demand for other similar options, including gas, as it generates less polycyclic aromatic hydrocarbons and smoke. Thus, the availability of these substitutes is estimated to restrain the adoption of charcoal grilling.

What Initiatives are Start-ups Taking to Open Up Lucrative Market Opportunities?

“Development of Eco-friendly BBQ Charcoal Widening Horizon for New Suppliers”

Start-ups are expected to invest in different sources that can be employed to generate a wide variety of smoky tastes. The market availability of such sources is predicted to help them in increasing their profit margin. Moreover, the development of eco-friendly dome grills, grill kits, and green lump kits is projected to open up lucrative opportunities for new entrants.

Country-wise Insights

Why are Suppliers of BBQ Charcoal Targeting the United States Market?

“High Preference for Grilled Food in the Country”

The demand for BBQ charcoal in the United States market is forecasted to advance at a CAGR of 3.8% and reach a valuation of US$ 1.37 billion by 2033-end. Increasing preference for grilled foods, the presence of some prominent players, and the penetration of homemade grilled eatables are boosting demand for BBQ charcoal in the United States.

How is Demand for BBQ Charcoal Shaping Up in the United Kingdom?

“Increasing Traction for Outdoor Activities Fueling Consumption of BBQ Charcoal”

The United Kingdom market is estimated to expand at a CAGR of 4% and reach a value of US$ 361.54 million by the end of 2033. Growing preference for outdoor activities and changing consumer lifestyles are predicted to stimulate demand for BBQ charcoal.

What is the Growth Outlook for the South Korean Market?

“Rising Consumption of Meat Boosting Demand for BBQ Charcoal”

Sales for BBQ charcoal in South Korea are estimated to expand at a CAGR of 2.5% and reach a market value of US$ 162.43 million by the end of 2033. A lot of people from South Korea are inclined to consume meat which is further anticipated to stimulate demand for BBQ charcoal for cooking purposes.

Category-wise Insights

Why are BBQ Charcoal Briquettes So Popular across the Globe?

“Waste-Reducing Feature of BBQ Charcoal Briquettes Contributing to Their Popularity”

Based on foam, the global industry is segmented into briquettes and lump wood. Between these two, the demand for BBQ charcoal briquettes is predicted to expand at a CAGR of 4.4% and reach a market value of US$ 3.29 billion by 2033-end. Numerous consumers around the world are giving preference to BBQ charcoal briquettes because of consistent combustion, a structured cylindrical shape, non-emission of fly ash or sulfur, and high caloric value.

The BBQ charcoal briquettes segment is estimated to hold around 62% share of the global market revenue by the end of 2033. Furthermore, it reduces waste due to compression.

Which End User is Contributing a Significant Share to Global Market Revenue?

“Rising Trend to Order Grilled Food from Restaurants Leading to Popularity of BBQ Charcoal in HoReCa Segment”

Hotels, restaurants, and catering (HoReCa) and households are some popular end users, which are contributing to the increased demand for BBQ charcoal globally. Sales of BBQ charcoal in the HoReCa sector are estimated to advance at a CAGR of 5.4% and reach a valuation of US$ 3.93 billion by the end of 2033. This industry is estimated to account for about 75% of the global market revenue from 2023 to 2033.

Increased preferences for grilled cuisines and rising health consciousness among various consumers are predicted to boost demand for BBQ charcoal in the hotels, restaurants, and catering segment. Various people are giving preference to order grilled food items from restaurants owing to the difficulty in making these cuisines at home due to limited space. Further, the rising popularity of grilled chicken and meat is also projected to drive target market growth opportunities.

Key Market Players

Some prominent suppliers of BBQ charcoal are spending on new developments along with maintaining product standards. They are investing in the strengthening of their supply chain management systems.

Key manufacturers are constantly putting efforts to offer new products and are involved in acquisitions to expand their footprints in the global market. They are taking many initiatives to offer BBQ charcoal products with minimum emissions.

For instance,

• Oxford Charcoal Company, in May 2019, exhibited its Agri-tech and Biochar grade products to the Live show of the BBC Gardeners World. This program was co-hosted with one of the United kingdoms’ largest gardening shows, BBC Good Food Show Summer.
• Middleby Corporation, in 2021, acquired Masterbuilt Holdings LLC. The latter is known for its outdoor residential products that are designed for charcoal cooking.

Matsuri International Co. Ltd., PT Cavron Global, The Oxford Charcoal Company, Kingsford Products Company, Braai & BBQ International (Pty) Ltd, Duraflame Inc., Direct Charcoal Ltd., The Dorset Charcoal Co., GRYFSKAND SP. Z.O.O., Mesjaya Abadi Sdn Bhd, Carbo Namibia (pty) Ltd, and Dancoal Sp. Z.o.o. are some key companies in the BBQ charcoal market.

Segmentation of BBQ Charcoal Industry Research

• By Foam :

  • Briquettes
  • Lump Wood

• By End User :

  • Hotels, Restaurants, and Catering (HoReCa)
  • Households

• By Source :

  • Agricultural Waste
  • Coconut Shells
  • Nutshells
  • Hardwood
  • Bamboo

• By Sales Channel :

  • Direct Sales
  • Retail Sales

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa