Market Overview:
The global smoked condensates 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 smoked condensates from the food and beverage industry, pet food industry, and other applications. In terms of type, liquid smoked condensates are expected to dominate the market during the forecast period. However, spray-dried smoked condensates are projected to grow at a higher CAGR than other types during the forecast period. In terms of application, food and beverage industry is expected to account for majority of the share in global smoked condensates market by 2030 end.
Product Definition:
Smoked condensates are the liquid by-products of the distillation of wood smoke. They are used as a source of aromatic compounds in many foods and beverages, as well as in perfumery and aromatherapy.
Liquid:
Liquid is a transparent, odorless and tasteless hydrocarbon liquid. It consists of various individual components such as paraffins, olefins & aromatics. Liquid smoke is obtained from hardwood or pecan wood fires which are further processed to produce condensates. These liquids are used in various end-use industries such as food & beverage processing, pharmaceuticals and cosmetics among others owing to their unique flavor properties that cannot be duplicated by dry smoking processes.
Spray-dried:
Spray-dried is a process of drying food products or ingredients under high pressure using aerosolized droplets. It is also known as freeze-drying, flash drying, or spray freezing. The technique was developed in the early 20th century for the production of food and beverages from fresh produce by preservation methods.
The technology has evolved over time to include applications such as pharmaceuticals.
Application Insights:
The food and beverage industry was the largest application segment in 2016, accounting for over 50% of the overall demand. The product is widely used as a smoking agent in foods such as bacon, ham, beef jerky, corned meat and sausages. Increasing consumer preference for minimally processed food products along with rising health awareness is expected to drive the segment growth over the forecast period.
The pet food industry accounted for nearly 11% of total market volume in 2016 owing to growing consumption of minimally processed animal meats by pets due to their low content of anti-nutritive components like filler materials and added salt. Rising disposable income coupled with increasing spending on pet grooming services has been fueling this application growth trend across various regions worldwide.
Other applications include pharmaceuticals, cosmetics and tobacco products among others which are projected to witness steady gains owing to rising consumer expenditure on luxury items including expensive perfumes.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position through the forecast period on account of increasing demand for food products with reduced calorie levels and high nutritional content. In addition, rising awareness regarding a healthy lifestyle among people in this region is anticipated to fuel product demand over the next eight years.
Asia Pacific regional market captured significant revenue share in 2017 owing to growing product consumption across various end-use industries such as pet food, pharmaceuticals, nutraceuticals and others.
Europe also held a considerable share of global revenue in 2017 owing both liquid and spray-dried types of smoked condensates across major countries such as Germany, U.K., France and Italy among others).
Growth Factors:
- Increasing demand from end-use industries such as construction, automotive, and furniture owing to the superior properties of smoked condensates compared to other traditional binders
- Rising awareness about the benefits of smoked condensates among builders, contractors, and consumers
- Growing penetration of smoked condensates in small and medium-sized enterprises (SMEs)
- Technological advancements that have led to the development of new applications for smoked condensates
- Expansion of distribution networks by manufacturers to reach a wider customer base
Scope Of The Report
Report Attributes
Report Details
Report Title
Smoked Condensates Market Research Report
By Type
Liquid, Spray-dried, Oil-based, Others
By Application
Food and Beverage Industry, Pet Food, Others
By Companies
Red Arrow International LLC, MSK Ingredients, Kerry Group PLC, Unbar Rothon, Colgin Company, Inc., Empire Bespoke Foods, Golden West Specialty Foods, Besmoke Ltd., Ruteinberg Ingredients BV, Unique Ingredients, Durkee, Kosher, B&G Foods, Inc., Redbrook Ingredients Services Ltd., Zhengzhou Yuhe Food Additive Co., Ltd, Hebei Kelongduo Biotechnology Co., Ltd, Smoked and Cured
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
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Smoked Condensates Market Report Segments:
The global Smoked Condensates market is segmented on the basis of:
Types
Liquid, Spray-dried, Oil-based, 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
Food and Beverage Industry, Pet Food, 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 International LLC
- MSK Ingredients
- Kerry Group PLC
- Unbar Rothon
- Colgin Company, Inc.
- Empire Bespoke Foods
- Golden West Specialty Foods
- Besmoke Ltd.
- Ruteinberg Ingredients BV
- Unique Ingredients
- Durkee
- Kosher
- B&G Foods, Inc.
- Redbrook Ingredients Services Ltd.
- Zhengzhou Yuhe Food Additive Co., Ltd
- Hebei Kelongduo Biotechnology Co., Ltd
- Smoked and Cured
Highlights of The Smoked Condensates 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:
- Liquid
- Spray-dried
- Oil-based
- Others
- By Application:
- Food and Beverage Industry
- Pet Food
- 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 Smoked Condensates 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?
Smoked condensates are a type of liquid petroleum gas that is produced by heating hydrocarbons in the presence of an oxidizer.
Some of the major players in the smoked condensates market are Red Arrow International LLC, MSK Ingredients, Kerry Group PLC, Unbar Rothon, Colgin Company, Inc., Empire Bespoke Foods, Golden West Specialty Foods, Besmoke Ltd., Ruteinberg Ingredients BV, Unique Ingredients, Durkee, Kosher, B&G Foods, Inc., Redbrook Ingredients Services Ltd., Zhengzhou Yuhe Food Additive Co., Ltd, Hebei Kelongduo Biotechnology Co., Ltd, Smoked and Cured.
The smoked condensates 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 Smoked Condensates 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 Smoked Condensates Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smoked Condensates 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 Smoked Condensates 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 Smoked Condensates Market Size & Forecast, 2018-2028
4.5.1 Smoked Condensates Market Size and Y-o-Y Growth
4.5.2 Smoked Condensates Market Absolute $ Opportunity
Chapter 5 Global Smoked Condensates 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 Smoked Condensates Market Size Forecast by Type
5.2.1 Liquid
5.2.2 Spray-dried
5.2.3 Oil-based
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smoked Condensates 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 Smoked Condensates Market Size Forecast by Applications
6.2.1 Food and Beverage Industry
6.2.2 Pet Food
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smoked Condensates 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 Smoked Condensates 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 Smoked Condensates Analysis and Forecast
9.1 Introduction
9.2 North America Smoked Condensates 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 Smoked Condensates Market Size Forecast by Type
9.6.1 Liquid
9.6.2 Spray-dried
9.6.3 Oil-based
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 Smoked Condensates Market Size Forecast by Applications
9.10.1 Food and Beverage Industry
9.10.2 Pet Food
9.10.3 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 Smoked Condensates Analysis and Forecast
10.1 Introduction
10.2 Europe Smoked Condensates 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 Smoked Condensates Market Size Forecast by Type
10.6.1 Liquid
10.6.2 Spray-dried
10.6.3 Oil-based
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 Smoked Condensates Market Size Forecast by Applications
10.10.1 Food and Beverage Industry
10.10.2 Pet Food
10.10.3 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 Smoked Condensates Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smoked Condensates 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 Smoked Condensates Market Size Forecast by Type
11.6.1 Liquid
11.6.2 Spray-dried
11.6.3 Oil-based
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 Smoked Condensates Market Size Forecast by Applications
11.10.1 Food and Beverage Industry
11.10.2 Pet Food
11.10.3 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 Smoked Condensates Analysis and Forecast
12.1 Introduction
12.2 Latin America Smoked Condensates 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 Smoked Condensates Market Size Forecast by Type
12.6.1 Liquid
12.6.2 Spray-dried
12.6.3 Oil-based
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 Smoked Condensates Market Size Forecast by Applications
12.10.1 Food and Beverage Industry
12.10.2 Pet Food
12.10.3 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) Smoked Condensates Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smoked Condensates 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) Smoked Condensates Market Size Forecast by Type
13.6.1 Liquid
13.6.2 Spray-dried
13.6.3 Oil-based
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) Smoked Condensates Market Size Forecast by Applications
13.10.1 Food and Beverage Industry
13.10.2 Pet Food
13.10.3 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 Smoked Condensates Market: Competitive Dashboard
14.2 Global Smoked Condensates Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Red Arrow International LLC
14.3.2 MSK Ingredients
14.3.3 Kerry Group PLC
14.3.4 Unbar Rothon
14.3.5 Colgin Company, Inc.
14.3.6 Empire Bespoke Foods
14.3.7 Golden West Specialty Foods
14.3.8 Besmoke Ltd.
14.3.9 Ruteinberg Ingredients BV
14.3.10 Unique Ingredients
14.3.11 Durkee
14.3.12 Kosher
14.3.13 B&G Foods, Inc.
14.3.14 Redbrook Ingredients Services Ltd.
14.3.15 Zhengzhou Yuhe Food Additive Co., Ltd
14.3.16 Hebei Kelongduo Biotechnology Co., Ltd
14.3.17 Smoked and Cured
