USD 13.4 billion
Report ID:
SQMIG30I2172 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
62
|Figures:
75
BBQ Seasoning Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 4.6% during the forecast period (2025-2032).
The demand for BBQ seasoning as a flavoring sauce, rising BBQ sauce and rub usage in homes and restaurants, and an increase in product launches catering to ethnic tastes are the main factors driving the development. Additionally, rising customer interest in ethnic flavors and their propensity to try new flavors has led to a proliferation of varied product portfolios, which has increased demand for barbecue sauces and seasonings.
A major effect on the supply of the spices and herbs needed to make BBQ seasonings has been caused by the worldwide lockdown's impact on farming practices. Due to the pandemic, barbecue restaurants and outdoor hotels had to shut, which decreased demand for BBQ spices from the hotel industry. The market for BBQ sauces and seasonings increased in the post-Covid-19 era due to home cooking, though.
The popularity of home cooking during the lockdown, consumer preferences for foreign cuisines, and awareness of the health benefits of consuming grilled food are all contributing to the demand for domestic barbecue preparations. This is anticipated to increase demand in the post-pandemic setting. One of the key trends reshaping the global business is consumers' growing preference for outdoor cooking and recreational activities. Manufacturers of BBQ seasoning are now providing distinctive flavors with the opportunity to customize the taste in response to the growing consumer demand.
BBQ rubs and sauces with attractive packaging and a variety of flavors are likely to draw more customers. Consumers all over the world are growing interested in novel and exciting spices and seasonings as ethnic foods become increasingly common and readily accessible. International demand for international cuisines is being further supported by the growing multicultural population as well as customer demand to try out new dishes and flavors. The selling of BBQ seasonings and spices, however, is being hampered globally by the decline in meat intake and the rising veganism trend. The global economy has changed over time, and rising urbanization and changing lifestyles have fueled this development. Consumer eating habits are changing all over the world as a result of rapid economic development, increasing disposable incomes, and urbanization.
An increased level in demand for spices and seasonings is anticipated as a result of the expansion of supermarkets and hypermarkets in urban regions, which would likely increase the availability of spices. The CBI Ministry of Foreign Affairs released a study that projects that in the upcoming years, the demand for herbs and spices in Europe will rise on average between 0% and 3% annually. Additionally, it is anticipated that this will open up commercial possibilities for industry participants and stimulate market growth.
Global Market Size
USD 13.4 billion
Largest Segment
Retail
Fastest Growth
Retail
Growth Rate
4.6% CAGR
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Global BBQ Seasoning Market is segmented based on Type, Distribution Channel and region. Based on Type the market is segmented into Barbecue Sauces and Barbecue Rubs. Based on Distribution Channel the market is segmented into Retail (Hypermarkets & Supermarkets, Convenience Stores, E-commerce/Online), Foodservice. Based on region the global BBQ Seasoning Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Type
In 2021, the barbecue rubs had the highest income share, at about 55%. Increased use of BBQ rubs for marinating and rising consumer tastes for organic food are the main drivers of the development. Additionally, businesses are providing a variety of BBQ rubs to accommodate changing customer preferences and tastes. For instance, the German company RAPS introduced a line of barbecue rubs in March 2022 that can be simply added to ethnic and continental dishes to improve flavor. Since restaurants, chefs, and caterers are the primary users of spices due to their aromatic and sensory qualities, a rising food service sector will support market growth. It is anticipated that the development will be further fueled by the growing consumer awareness of the product's possible medical benefits.
The sauce market is expected to grow at the highest CAGR of 5.0%. Due to their improved flavor and health advantages, smoked foods are becoming more and more popular, which has aided in their growth.
Analysis by Distribution Channel
In 2021, the segment with the highest income share—more than 60%—was foodservice. The rise is primarily attributed to an increase in the use of barbecue seasonings and sauces in eateries, on rooftops, and in specialty food trucks, among other places. 40% of all pig dishes list barbecue sauces among their ingredients, according to Datassential.
On the worldwide market, the growing trend of BBQ gatherings is anticipated to have a long-lasting effect. A highly traditional dish, barbecue, is currently undergoing a creative period across all food service categories, with chefs and restaurants erasing regionalist boundaries, foreign impact becoming more prominent, and innovation fusing with tradition.
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North America produced about 45% of worldwide revenue in 2021. The popularity of grilled cuisine and the rise in Millennial meat consumption in the US and Canada are two encouraging development factors. 80 million Americans barbecued in 2020, with Labor Day being the most popular day, according to CNN data. Due to consumers' keen interest in ethnic flavors and their willingness to try new seasonings and flavors to enhance the BBQ taste, the BBQ industry has experienced significant development in the United States and Canada.
The Asia Pacific region is anticipated to grow the most between 2022 and 2030. The growth of the regional market is influenced by factors such as rising disposable income, an increase in promotional and marketing efforts by key market participants, and growing awareness of the therapeutic benefits of spices and seasonings. The fast-growing fast-food industry in Asia Pacific and the region's youthful population have increased packaged, frozen, and convenience food consumption, which is expected to further boost the worldwide market. Foodservice establishments now have new opportunities to add a variety of spices and seasonings to their menus as a result of consumer culinary preferences changing as a result of market globalization and the migration phenomenon.
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Drivers
Increasing Popularity of BBQ to Bolster Market Growth
Restraints
Economic Conditions to Hinder Market Growth
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These companies are making significant attempts to grow their reach internationally and fulfill the demand from consumers, which is growing for a variety of flavored BBQ seasonings. These businesses are also concentrating on merger and acquisition techniques in order to grow their market share.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the BBQ Seasoning market is the demand for BBQ seasoning as a flavoring sauce, rising BBQ sauce and rub usage in homes and restaurants, and an increase in product launches catering to ethnic tastes are the main factors driving the development. Additionally, rising customer interest in ethnic flavors and their propensity to try new flavors has led to a proliferation of varied product portfolios, which has increased demand for barbecue sauces and seasonings. The BBQ seasoning market is also sensitive to economic conditions, with consumers cutting back on discretionary spending during times of economic uncertainty. This can lead to a decline in demand for BBQ seasoning products
Report Metric | Details |
---|---|
Market size value in 2023 | USD 13.4 billion |
Market size value in 2031 | USD 20 billion |
Growth Rate | 4.6% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the BBQ Seasoning Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the BBQ Seasoning Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the BBQ Seasoning Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the BBQ Seasoning Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30I2172
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