Future Market Insights (FMI), based on a recent market analysis, indicates that the global BBQ charcoal market will grow at a steady rate of 5.9 GR during the forecast period, between 2021 and 2031. The growing food industry is driving the demand for barbecue charcoal.
Increasing demand from household, residential and commercial sectors is expected to significantly contribute to the expansion of the barbecue charcoal market. The market is primarily driven by the growing global demand for grilled food, specifically due to the growing popularity of grilled food among millennials. Increased public health awareness is also expected to drive market growth.
Charcoal grills (BBQs) are in increasing demand because they add a healthier taste and smoky aroma to grilled food. They give off more heat and are easier to move. The increasing trend of barbecue is expected to propel the growth of the market in the coming years.
Driven by these factors, the global barbecue charcoal market is expected to surpass US$ 4.85 billion by the end of 2031, with a compound annual growth rate of 5.9% over the assessment period. 1.7 billion by 2031.
“The focus on healthy foods is turning consumers away from fried foods. Instead, they are showing high demand for ready-to-grill meals, which has contributed to the growth of the grill charcoal market,” says an FMI analyst.
BBQ Charcoal Market by Category
By Product Type:
- Lump Charcoal
- Charcoal Briquettes
By Sales Channel Type:
- Domestic & Personal
The major market players in the global BBQ charcoal market created in the report include Pol-GartenHolz GmbH, BOOMEX GmbH, OxfordCharcoal company, Dancoal, Direct Charcoal Limited, Bracia Tokarscy, EcoGrilly, GrillBon and others.
Companies operating in the global Barbecue Charcoal Market focus on collaborations, mergers, new product development, and acquisitions to expand manufacturing facilities and distribution channels.