Global Liquid Smoke Market is anticipated to witness an exponential growth in the forecast period. Liquid smoke implies as an artificial smoke component that is used across numerous recipes to convey the smoky aroma and taste to the food. It is typically obtained in red and yellow color. It is extensively used to expand shelf life of foodstuffs without grilling or frying the food. This smoke is mainly produced by the process called “Pyrolysis”.
Factors such as increasing purchasers’ preference for smoked food products such as smoked and salmons and sausages, increasing consumption of meat products around the world, and increasing preference for liquid smoke as browning agents, color stabilizers as well as antimicrobial additives are likely to drive the liquid smoke market in forthcoming period. On the other hand, conventional methods of smoking meat products are anticipated to hinder the market growth in future. However, rising disposable income is likely to create lucrative opportunities for the market.
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Liquid smoke market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. The emerging trend in the market is pet humanization, wherein pet owners treat their pets like family members is propelling spending on pet food products and best pet care. This trend, particularly dominant in Europe and North America is anticipated to surge demand for premium pet food. This in turn, is estimated to propel development of the pet treats and food sector in the market.
Market could be explored by product type, application, distribution channel and geography. Market by product type could span Applewood, Hickory, Mesquite and Others (Oak and Maple). The key applications that could be explored in the market include Pet food & Treats, Seafood & Meat, Sauces, Dairy and Others (confectionery and Bakery). The “Meat and Seafood” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. The market could be explored based on distribution channel as hypermarkets/supermarkets, convenience stores, discount stores, food and drink specialty stores, and among others.
North America is a leading region in the liquid smoke market. It is likely to maintain its dominance in the forecast period owing to factors, such as the occurrence of many plants of treated food in the region. These plants use liquid smoke for improving the smoky qualities of food items and avoiding differences in different batches of food. North America is followed by the Asia-Pacific region owing to the high demand for ready-to-eat products, growing consumption of Smokey flavors in food compound in the region and technological advancements associated to food processing industries.
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Leading Key players operating in the liquid smoke market include Besmoke Ltd., Red Arrow International LLC, MSK Ingredients Ltd., Red brook Ingredient Services Ltd., Kerry Group Plc, B&G Foods Inc., Azelis SA., Rutenberg Ingredients BV, Baumer Food Inc., Colgin Inc., and Frutarom Savory Solutions Gmbh. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Liquid Smoke in these regions, from 2012 to 2023 (forecast), covering
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Columbia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global Liquid Smoke market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Frutarom Savory
• Red Arrow International
• Redbrook Ingredient Services
• MSK Specialist Ingredients
Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/food-and-beverage
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• By Hickory
• By Mesquite
• By Applewood
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Liquid Smoke for each application, including
• Meat and Seafood
• Pet Food
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