Global BBQ Seasoning Market

BBQ Seasoning Market Size, Share, Growth Analysis, By Type(Barbecue Sauces and Barbecue Rubs), By Distribution Channel(Retail (Hypermarkets & Supermarkets, Convenience Stores, E-commerce/Online), Foodservice), By Region - Industry Forecast 2024-2031


Report ID: SQMIG30I2172 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 62 | Figures: 75

BBQ Seasoning Market Insights

Global BBQ Seasoning Market size was valued at USD 13.4 billion in 2021 and is poised to grow from USD 13.9 billion in 2022 to USD 20 billion by 2030, growing at a CAGR of 4.6% in the forecast period (2023-2030).

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.

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FAQs

BBQ Seasoning Market size was valued at USD 13.4 billion in 2021 and is poised to grow from USD 13.9 billion in 2022 to USD 20 billion by 2030, growing at a CAGR of 4.6% in the forecast period (2023-2030).

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. 'McCormick & Company, Incorporated', 'Kraft Heinz Company', 'The Clorox Company', 'The Hershey Company', 'Traeger Pellet Grills, LLC', 'Conagra Brands, Inc.', 'Badia Spices Inc.', 'Grill Mates (McCormick & Company, Incorporated)', 'Spiceology Inc.', 'Weber-Stephen Products LLC', 'Old Bay (McCormick & Company, Incorporated)', 'Stubb's Legendary Bar-B-Q', 'The Charcoal Companion, LLC', 'Bolner's Fiesta Products, Inc.', 'TexJoy', 'Penzeys Spices', 'Dizzy Pig BBQ Company', 'Killer Hogs BBQ', 'Plowboys BBQ LLC', 'Oakridge BBQ LLC'

BBQ has become a popular food trend around the world, with many consumers looking for new and exciting flavors to add to their BBQ dishes. This has led to an increase in demand for BBQ seasoning products.

Increasing demand for organic and natural products: Consumers are becoming more health-conscious and are looking for BBQ seasoning products made with natural and organic ingredients. Manufacturers are responding by offering products that are free from artificial preservatives, colors, and flavors.

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.

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Global BBQ Seasoning Market

Report ID: SQMIG30I2172

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