Global BBQ Charcoal Market Estimated to Grow with a CAGR of 6.7% During the Forecast Period, 2019-2027 - ResearchAndMarkets.com

DUBLIN--()--The "Global BBQ Charcoal Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2019 To 2027" report has been added to ResearchAndMarkets.com's offering.

The BBQ charcoal market was valued at US$ 1.72 Bn in 2018 and expected to grow at a CAGR of 6.7% during the forecast period from 2019 to 2027.

Market Insights

Inclination towards grilled food among people worldwide will boost the demand for BBQ charcoal Market

Inclination towards grilled food among people worldwide and rising adoption of BBQ grill at home are the major factors driving the market growth during the forecast period from 2019-2027. In 2018, North America was dominant in the global BBQ charcoal market by revenue and consumption.

Rising BBQ grill market will also boost the BBQ charcoal market growth in years to come. The global BBQ grill market was valued at US$ 3.5 Bn in 2018 and is expected to grow with a CAGR of nearly 4% in years to come. The Growing adoption of BBQ grill is due to their benefits such as less oil use, nutritionally advantageous food, less fat, and others. Rising urbanization and an increase in spending patterns led to inclination towards grilled food, which is helping the market to grow. BBQ charcoal grills are portable and can be used while picnicking or camping.

Major market players are focusing on acquisitions, mergers, and partnerships to increase their geographic presence and market share.

Industrial Developments

  • In 2017, Kingsford Products Company, a subsidiary of Clorox Company and CBQ, LLC subsidiary of Carl Budding & Company collaborated for the production of ribs that are cooked in barbecue entrees. With this collaboration, both companies were desired to capture good market share in the barbecued food market in years to come.

Key Market Movements:

  • Worldwide, the BBQ charcoal market is growing at a CAGR of 6.7% for the expected period from 2019 to 2027.
  • North America dominates the global BBQ charcoal market owing to the rising adoption of grilled food and increased inclination towards healthy food. The U.S. dominates the market in North America with more than 70% of the North America BBQ charcoal market.
  • The Asia Pacific will be the fastest-growing market followed by Europe. Growing BBQ grill market, inclination towards a healthy lifestyle and rising disposable income in the Asia Pacific region will boost the demand in years to come.
  • Based on end-user, the market is divided into restaurant and household segments. The restaurant segment has the highest share in the global BBQ charcoal market owing to increased consumer preference for grilled food worldwide.
  • Mergers, collaborations, and partnerships will be the major strategies by the market players. The new product launch, especially for BBQ is also one of the strategies followed by the market players.

Key Topics Covered:

1. Preface

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Research Methodology

1.3.1. Phase I - Secondary Research

1.3.2. Phase II - Primary Research

1.3.3. Phase III - Expert Panel Review

1.3.4. Approach Adopted

1.3.4.1. Top-Down Approach

1.3.4.2. Bottom-Up Approach

1.3.5. Assumptions

1.4. Market Segmentation

2. Executive Summary

2.1. Market Snapshot: Global BBQ Charcoal (BC) Market

2.2. Global BC Market, by Product Type, 2018 (US$ Bn)

2.3. Global BC Market, by Source, 2018 (US$ Bn)

2.4. Global BC Market, by Distribution Channel, 2018 (US$ Bn)

2.5. Global BC Market, by End-user, 2018 (US$ Bn)

2.6. Global BC Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics

3.1. Introduction

3.1.1. Global BC Market Value, 2017-2027, (US$ Bn)

3.2. Market Dynamics

3.2.1. Market Drivers

3.2.2. Market Restraints

3.3. Attractive Investment Proposition, by Geography, 2018

3.4. Market Positioning of Key Players, 2018

3.4.1. Major Strategies Adopted by Key Players

4. Global BBQ Charcoal (BC) Market, by Product Type , 2017-2027 (US$ Bn)

4.1. Overview

4.2. Lump

4.3. Briquettes

5. Global BBQ Charcoal (BC) Market, by Source , 2017-2027 (US$ Bn)

5.1. Overview

5.2. Agricultural Waste

5.3. Nutshells

5.4. Hardwood

5.5. Bamboo

5.6. Coconut Shells

6. Global BBQ Charcoal (BC) Market, by Distribution Channel , 2017-2027 (US$ Bn)

6.1. Overview

6.2. Supermarkets/Hypermarkets

6.3. Specialty Stores

6.4. Online

6.5. Indirect

7. Global BBQ Charcoal (BC) Market, by End-user, 2017-2027 (US$ Bn)

7.1. Overview

7.2. Restaurant

7.3. Household

8. North America BBQ Charcoal (BC) Market Analysis, 2017-2027 (US$ Bn)

8.1. Overview

8.1.1. North America BC Market Value and Growth, 2017-2027, (US$ Bn)

8.2. North America BC Market Value, By Product Type, 2017-2027 (US$ Bn)

8.2.1. Market Analysis

8.3. North America BC Market Value, By Source, 2017-2027 (US$ Bn)

8.3.1. Market Analysis

8.4. North America BC Market Value, By Distribution Channel, 2017-2027 (US$ Bn)

8.4.1. Market Analysis

8.5. North America BC Market Value, By End-user, 2017-2027 (US$ Bn)

8.5.1. Market Analysis

8.6. North America BC Market Value, By Region/Country, 2017-2027 (US$ Bn)

8.6.1. Market Analysis

8.6.2. U.S.

8.6.3. Rest of North America

9. Europe BBQ Charcoal (BC) Market Analysis, 2017-2027 (US$ Bn)

10. Asia Pacific BBQ Charcoal (BC) Market Analysis, 2017-2027 (US$ Bn)

11. Rest of the World BBQ Charcoal (BC) Market Analysis, 2017-2027 (US$ Bn)

12. Company Profiles

12.1. Duraflame, Inc.

12.2. Royal Oak Enterprises, LLC.

12.3. Mesjaya Abadi Sdn. Bhd.

12.4. Gryfskand sp. Z o.o

12.5. Kingsford Products Company

12.6. Direct Charcoal Ltd.

12.7. Braai & BBQ International (Pty) Ltd.

12.8. CV. Elvatara Indojaya

12.9. Vigil Group

For more information about this report visit https://www.researchandmarkets.com/r/7qyo8n

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900