Product ID: SQMIG30I2172
Global BBQ Seasoning Market Size, Share, Growth Analysis, By Type(Barbecue Sauces and Barbecue Rubs), By Distribution Channel(Retail (Hypermarkets & Supermarkets, Convenience Stores) - Industry Forecast 2024-2031
Report ID:
SQMIG30I2172 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
62 |
Figures:
75
Global 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.
Global BBQ Seasoning Market Report Snapshots
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