Liquid Smoke Market by Type, Application, and Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2021–2030

Liquid Smoke Market by Type, Application, and Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2021–2030

  • December 2021 •
  • 264 pages •
  • Report ID: 6236852 •
  • Format: PDF
Liquid Smoke Market by Type (Hickory, Mesquite, Applewood, and Others), Application (Meat, Seafood, Sauces/Marinades, Bakery/Confectionery, and Others), and Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, E-commerce, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

Liquid smoke is a water soluble flavorant used on items such as vegetables and meat, to add or maintain the taste. They add a smoky fragrance to various cuisines and are mostly available in red and yellow colors. Liquid smoke is generally derived from burnt woods of maple, beech, oak, or hickory. It is extensively used in seafood, meat, sauces, and dairy products to add flavor and color through different processes like spraying, dipping, and atomizing. Often, a large number of food items contain liquid smoke and they can range from commercial barbecue sauces, marinades, hot dogs, smoked meat and more.
The global liquid smoke market is expected to garner notable growth during the forecast period. The growth for this market can be attributed to rise in consumption of processed meat and vegetables. Moreover, the surge in popularity of smoked food due to rise in interaction/exchange of food culture through social media and travel drive the market growth. Furthermore, changes in food consumption patterns bought upon by the pandemic has encouraged people all around the world to experiment with different food and flavors, leading to market growth. Improvement in the retail infrastructure has increased the availability of packaged goods such as sauces, condiments, and flavorant. The surge in ease of acquiring food stuff combined with options of free home delivery and different promotional offers has led to the growth of global liquid smoke market. However, the rise in perception of smoked food being bad for health hinders the market growth and acts as the major restraint for the liquid smoke market. Conversely, rise in adoption of smoked vegan food is expected to improve the odds of growth of liquid smoke in the coming years leading to steady market growth.

The liquid smoke market is segmented on the basis of type, application, distribution channel, and region. By type, the market is segmented into hickory, mesquite, applewood, and others (oak & pecan). By application, the market is categorized into meat, seafood, sauces/marinades, bakery/confectionery, and others (cheese, & packaged dried fruits). By distribution channel, the market is divided into hypermarkets/supermarkets, convenience stores, e-commerce, and others (grocery stores, & departmental stores). By region, the market has been studied across North America, Europe, Asia-Pacific and LAMEA)
The liquid smoke market is for the most part an organized market which is dominated by few players. The key players in the industry relies on strategies such as product launch and acquisition to stay relevant in the global liquid smoke market share. The key players profiled in the report are Azelis S.A., B&G Foods, Inc. Colgin, Inc, Kerry Group, Plc, McCormick & Company, Inc, Msk Ingredient Ltd, Ps Seasoning, Ruitenberg Ingredients B.V., Smoked Flavours Pty Ltd, And Urban Platter

KEY BENEFITS FOR STAKEHOLDERS
• The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2020 to 2030 identify the prevailing water tank opportunities.
• Porter’s five forces analysis highlights the potency of buyers and supplier’s tenable stakeholder’s make profit-oriented business decisions and strengthen their supplier–buyer network.
• In-depth analysis of the size and segmentation assists to determine the prevailing market opportunities.
• The major countries in each region are mapped according their revenue contribution the industry.
• The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the liquid smoke industry.

KEY MARKET SEGMENTATION
• Type
o Hickory
o Mesquite
o Applewood
o Others
• Application
o Meat
o Seafood
o Sauces/Marinades
o Bakery/Confectionery
o Others
• Distribution Channel
o Hypermarkets/Supermarkets
o Convenience Stores
o E-commerce
o Others
• By Region
o North America
- U.S.
- Canada
- Mexico
o Europe
- Germany
- UK
- France
- Italy
- Spain
- Poland
- Rest of Europe
o Asia-Pacific
- China
- Japan
- India
- Australia
- Malaysia
- Thailand
- Indonesia
- Rest of Asia-Pacific
o LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA