DUBAI, UAE. 13th September
2019: 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.
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.
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Report with TOC @ https://www.millioninsights.com/industry-reports/liquid-smoke-market
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
• Others
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
• Sauces
• Pet Food
• Dairy
• Others
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