Liquid Smoke Market – Increased International Trade Opening New Opportunities in Coming years
Global Liquid Smoke Market: Overview
Smoke ingredients are majorly accessible in three significant forms—powder, aqueous, and oil. Liquid smoke is an artificial smoke element utilized across numerous cuisines to add a smoky fragrance and flavor to the food. Liquid smoke is usually accessible in red and yellow colors. The popularity of the global liquid smoke market can be attributed to liquid smoke’s extensive use to improve the shelf life of food items without grilling or roasting the food products. Pyrolysis method is mainly used to produce smoke.
Global Liquid Smoke Market: Growth Factors
The global liquid smoke market is experiencing a momentous expansion due to increasing consumer liking for smoked food items, such as barbeque sauces and flavors. The consumption of dairy products in Asia countries, such as China and India, is increasing, which is also fuelling the growth of the liquid smoke market. Increasing inclination for liquid smoke particularly as browning agents, antimicrobial additives and color preservatives is a key development adopted by producers for product segregation. The phenolic and acidic content of liquid smoke adds color, flavor, texture, and microbial stability to food, which is demonstrated as a major aspect of its growing market eminence. Rising pet ownership and increasing number of processed food plants are some of the other factors fuelling the growth of the global liquid smoke market. Increasing applications of the liquid smoke to add different flavors to boiled candy is a recent development which is likely to contribute to the expansion of this market.
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Global Liquid Smoke Market: Segmentation
The global liquid smoke market can be fragmented based on distribution channels and application. Based on the distribution channel, the global liquid smoke market can be categorized into convenience stores, hypermarkets/supermarkets, food and drink specialty stores, and discount stores, among others. On the basis of application, this market can be divided into sauces, meat and seafood, dairy, pet food and treats, and dairy, among others (bakery and confectionery, snacks, etc.) The meat and seafood segment is anticipated to account for the maximum market share in the upcoming years. This is due to the rising consumption of varied meat products across the globe.
Global Liquid Smoke Market: Regional Analysis
The global liquid smoke market has been fragmented into five significant regions, namely Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa. The North America market is expected to dominate the global liquid smoke market in the upcoming years, owing to the presence of a large number of plants of processed food in the region. These plants use liquid smoke for improving the smoky attributes of food items and avoiding variations in different batches of food. The Asia Pacific region is anticipated to show the highest growth in the market for a liquid smoke during the forecast years. This is due to the swift technological advancements related to food processing industries and the growing consumption of smoky flavors in food items in the region.
Global Liquid Smoke Market: Competitive Players
Some of the most important market players in the global liquid smoke market are Ruitenberg Ingredients, Besmoke Ltd., Red Arrow International, Redbrook Ingredient Services Ltd., BV, Kerry Group, Baumer Foods, B&G Foods, Colgin, Azelis SA., MSK Ingredients Ltd., and Frutarom Savory Solutions Gmbh, among others.
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Global Liquid Smoke Market: Regional Segment Analysis
- North America
- The U.S.
- The UK
- The Asia Pacific
- Latin America
- The Middle East and Africa