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Growth Factors of BBQ Charcoal Market size (Report 2019-2027): Growing CAGR 6.7%

January 31, 2020 GMT

Sanjose, CA USA, January 21, 2020 (Wired Release) Credence Research The BBQ charcoal market was valued at US$ 1.72 billion in 2018 and is projected to grow at a CAGR of 6.7 per cent throughout the forecast period from 2019 to 2027.

The inclination towards grilled food among people around the world and the increasing adoption of BBQ grill at home are key factors driving market growth throughout the forecast period from 2019 to 2027. In 2018, North America was dominant by revenue and consumption in the global BBQ charcoal market.

Increasing BBQ grill market will also boost the growth of the barbecue (BBQ) charcoal market in years to come. The global BBQ grill market was valued at US$ 3.5 billion in 2018 and is projected to grow by nearly 4 per cent in the coming years. Growing adoption of BBQ grill is due to its benefits, such as less oil use, nutritionally advantageous foods, less fat, and others. Rising urbanization and increased spending patterns have led to an inclination towards grilled food, which is helping the market to grow. Barbeque (BBQ) charcoal grills are portable and can be used for picnic or camping.

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

[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction to the Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also included]

The global BBQ charcoal market has been expanded and is known to grow more. This is due to the prohibition of logging of woodlands in Europe where the BBQ charcoal market size is very high. The ban was caused by the rapid depletion of Polands last primeval forest. There are emerging new companies in Europe that are now using waste products as their source for BBQ charcoal. In restaurants and households, the demands for the BBQ charcoal have increased causing the manufacturers to increase. The BBQ charcoals major manufacturers are spread all over the world except for Europe.

Geographic Coverage

North America BBQ Charcoal Market Revenue and Forecast

Europe BBQ Charcoal Market Revenue and Forecast

Asia Pacific BBQ Charcoal Market Revenue and Forecast

Latin America BBQ Charcoal Market Revenue and Forecast

Middle East and Africa BBQ Charcoal Market Revenue and Forecast

Browse Full Report Originally Published by Credence Research at: https://www.credenceresearch.com/report/bbq-charcoal-market

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

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?

Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

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Research methodology devised for this study:

Our methodology comprises a blend of primary and secondary research for engineering the market size, shares and estimations for global BBQ Charcoal market specific to key segments, and regional segmentation.

A. Secondary Research

Some of the basic, but most important sources referred during the study included company annual reports, press releases, and relevant documents throwing light upon the recent developments in the global BBQ Charcoal market. Reliable sources such as scientific journals, university research papers and government websites were equally referred for recognizing business opportunities in various geographical markets and market penetration of various products/services. In addition, paid databases were referred to collect information useful for extensive commercial study of the key players operating in BBQ Charcoal market. In case where no data was available on the public domain, we used modeling and estimates to arrive at comprehensive data sets. Secondary research helped to prepare a base for BBQ Charcoal market study.

B. Primary Research

The extensive secondary research carried out was complemented by extensive primary research to validate data and analysis. Primary research involved telephonic interviews, e-mail interactions as well as face-to-face interviews with the leading industry experts.

The participants tracked for primary interviews include:

Vice President/ CEOs

Marketing/product managers

Market intelligence managers

National sales managers

Purchasing managers

Distributors

Other stakeholders

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