19-Sep-2024 | Zion Market Research
According to the report published by Zion Market Research, global demand for the Liquid Smoke market was valued at approximately USD 104.66 Million in 2023 and is expected to generate revenue of around USD 287.91 Million by end of 2032, growing at a CAGR of around 11.9% between 2024 and 2032. The rising attentiveness of liquid smoke products that increases the shelf life of food items without roasting or grilling and adds flavor to them is projected to remain a major factor. The requirement for liquid smoke has surged fundamentally mainly to extend the shelf life of food items without grilling and roasting. The pyrolysis technique is utilized to produce smoke. The augmenting demand for smoke food products like barbeque sauces and flavors has further increased demand in this market.
Some of the prominent players in the market are Ruitenberg Ingredients, Red Arrow International, Kerry Group, Besmoke Ltd., Redbrook Ingredient Services Ltd., BV, Baumer Foods, Colgin, B&G Foods, Azelis SA., MSK Ingredients Ltd., and Frutarom Savory Solutions Gmbh.
The global liquid smoke market is experiencing a noteworthy growth due to augmenting consumer inclination for smoked food items like smoked sausages and salmons. The increased intake of meat products is also advancing the global adoption of liquid smoke. In addition, the reduced total cost of utilizing liquid smoke in comparison to traditional methods is further boosting the adoption of liquid smoke for wide-ranging applications. Besides, the augment in processed food plants and pet ownership are some other aspects accelerating the market expansion. Additionally, the decreased total cost of utilizing liquid smoke over conventional methods is further pitching to take on liquid smoke for different applications. The latest trend exhibits that, producers are advancing methods to present a customized and wide range of liquid-smoke items, so as to cater to the varying consumer demands.
The global liquid smoke market is bifurcated on the basis of the product, application, and regional analysis. Based on the product, the market is divided into mesquite, hickory, applewood, and others (oak and maple). Based on the application, the market is divided into sauces, seafood & meat, pet food & treats, dairy, and others (confectionery and bakery).
Based on the geographical analysis, the global liquid smoke market is divided into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. The liquid smoke market in the North America region is the biggest market due to the massive acceptance of liquid smoke among processed meat and seafood applications. The augmenting customer preference toward barbeque sauces and flavors is also propelling the market demand for liquid smoke. The Asia Pacific market is likely to show the highest development in the global market, owing to the increased consumption of smoky flavors in food items and technological innovations related to food processing industries.
Browse the full “Liquid Smoke Market - by Distribution Channels (Convenience Stores, Hypermarkets/Supermarkets, Food and Drink Specialty Stores, Discount Stores, and Others) and Application (Sauces, Meat And Seafood, Dairy, Pet Food and Treats, Dairy, and Others (Bakery And Confectionery, Snacks, Etc.)): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/liquid-smoke-market
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