Market Overview:
The global liquid smoke market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for processed and packaged food products, which are manufactured using liquid smoke as a flavoring agent. In addition, the growing awareness about the health benefits of consuming processed and packaged food products is also contributing to the growth of this market. The global liquid smoke market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into hickory, mesquite, applewood, and others. The application segment includes meat and seafood products; sauces; pet food and treats; dairy products; bakery items; confectionery items; snacks & savories; alcoholic beverages & non-alcoholic beverages ;and others (including baby foods). Region-wise, it can be classified into North America,, Latin America,, Europe,, Asia Pacific,, Middle East & Africa,. Among these regions,. North America accounted for maximum share in 2017 due to high demand from countries such as U.S., Canada., Mexico., etc..
Product Definition:
Liquid Smoke is a water soluble, brown colored sauce used as a flavoring for foods. It is made by condensing the smoke from hardwood trees, such as hickory, oak or maple into a liquid form.
Hickory:
Hickory is the name given to the tree that produces a woody, smoky flavor in food. The fruit of this tree is called a hickory nut and can be used as an alternative for chestnuts. Hickory has been used by humans for thousands of years; it's usage being recorded back to Native Americans who utilized it in various foods such as bread, candy, tea & coffee substitutes and even fuel (for smoking fish & meat).
Mesquite:
Mesquite is a hardwood tree that is native to the South American and Mexican states of Arizona and Sonora. The wood from this tree has been used for centuries in Mexico as an important source of fuel, which was widely used by Aztecs, Mayans, and other Central American cultures for cooking as well as heating purposes.
The liquid smoke produced from mesquite pods is considered to be one of the most popular flavors in Latin America.
Application Insights:
Liquid smoke is used in a variety of applications including meat and seafood, sauces, pet food and treats, dairy products among others. The meat and seafood application segment led the market in 2017 accounting for more than 40% share of the global revenue. Liquid smoke enhances the flavor as well as tenderness of meats particularly beef. It also helps prevent bacterial growth within raw meats by maintaining proper hygiene conditions during processing.
Regional Analysis:
North America was the largest regional market in 2017 owing to high consumption of meat and seafood, sauces, dairy products, and other applications. The U.S., being a major consumer as well as producer of liquid smoke has a strong foothold in the region. North America is followed by Europe due to high demand for hickory flavored liquid smoke from Central European countries like Poland and Germany along with France where applewood is mostly preferred over hickory based flavors.
Asia Pacific is projected to be one of the fastest growing regions owing to increasing product demand from various end-use industries including food processing units, pharmaceuticals, cosmetics manufacturers etc.
Growth Factors:
- Increasing demand for processed and ready-to-eat foods: The global processed food market is projected to grow at a CAGR of 5.4% from 2016 to 2021. This growth is driven by the increasing demand for convenience foods, which are easy to prepare and do not require much time or effort. Liquid smoke can be easily added to various food items, making them more flavorful and appetizing.
- Rising awareness about the health benefits of smoked foods: Smoked foods are considered healthier than their non-smoked counterparts as they contain lower levels of unhealthy fats and calories while providing higher levels of nutrients such as vitamins, minerals, and antioxidants. This has led to an increase in the demand for liquid smoke across the globe as it allows consumers to enjoy the health benefits of smoked foods without having to actually smoke them themselves.
- Growing popularity of barbecue cuisine: Barbecue cuisine is becoming increasingly popular all over the world due its unique flavor profile and versatility in terms of ingredients that can be used in its preparation (meat, poultry, seafood, vegetables). Liquid smoke plays an important role in imparting this characteristic smoky flavor into barbecue dishes, thus driving its demand among chefs and home cooks alike.
Scope Of The Report
Report Attributes
Report Details
Report Title
Liquid Smoke Market Research Report
By Type
Hickory, Mesquite, Applewood, Others
By Application
Meat and Seafood, Sauces, Pet Food and Treats, Dairy, Others
By Companies
Red Arrow, Baumer, Azelis, B&G, Ruitenberg, Kerry, MSK, Redbrook, Besmoke, Frutarom Savory, Red Arrow
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Liquid Smoke Market Report Segments:
The global Liquid Smoke market is segmented on the basis of:
Types
Hickory, Mesquite, Applewood, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Meat and Seafood, Sauces, Pet Food and Treats, Dairy, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Red Arrow
- Baumer
- Azelis
- B&G
- Ruitenberg
- Kerry
- MSK
- Redbrook
- Besmoke
- Frutarom Savory
- Red Arrow
Highlights of The Liquid Smoke Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hickory
- Mesquite
- Applewood
- Others
- By Application:
- Meat and Seafood
- Sauces
- Pet Food and Treats
- Dairy
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Liquid Smoke Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Liquid smoke is a type of flavoring that comes from burning wood, bark, or other plant materials. It gives food a smoky flavor and can be used in place of regular smoke to give dishes an authentic barbecue taste.
Some of the major companies in the liquid smoke market are Red Arrow, Baumer, Azelis, B&G, Ruitenberg, Kerry, MSK, Redbrook, Besmoke, Frutarom Savory, Red Arrow.
The liquid smoke market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Liquid Smoke Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Liquid Smoke Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Liquid Smoke Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Liquid Smoke Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Liquid Smoke Market Size & Forecast, 2020-2028
4.5.1 Liquid Smoke Market Size and Y-o-Y Growth
4.5.2 Liquid Smoke Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Hickory
5.2.2 Mesquite
5.2.3 Applewood
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Meat and Seafood
6.2.2 Sauces
6.2.3 Pet Food and Treats
6.2.4 Dairy
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Liquid Smoke Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Liquid Smoke Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Hickory
9.6.2 Mesquite
9.6.3 Applewood
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Meat and Seafood
9.10.2 Sauces
9.10.3 Pet Food and Treats
9.10.4 Dairy
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Hickory
10.6.2 Mesquite
10.6.3 Applewood
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Meat and Seafood
10.10.2 Sauces
10.10.3 Pet Food and Treats
10.10.4 Dairy
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Hickory
11.6.2 Mesquite
11.6.3 Applewood
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Meat and Seafood
11.10.2 Sauces
11.10.3 Pet Food and Treats
11.10.4 Dairy
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Hickory
12.6.2 Mesquite
12.6.3 Applewood
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Meat and Seafood
12.10.2 Sauces
12.10.3 Pet Food and Treats
12.10.4 Dairy
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Hickory
13.6.2 Mesquite
13.6.3 Applewood
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Meat and Seafood
13.10.2 Sauces
13.10.3 Pet Food and Treats
13.10.4 Dairy
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Liquid Smoke Market: Competitive Dashboard
14.2 Global Liquid Smoke Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Red Arrow
14.3.2 Baumer
14.3.3 Azelis
14.3.4 B&G
14.3.5 Ruitenberg
14.3.6 Kerry
14.3.7 MSK
14.3.8 Redbrook
14.3.9 Besmoke
14.3.10 Frutarom Savory
14.3.11 Red Arrow
