Liquid Smoke Market to Surpass 122.05 Million by 2030 Drives Due to Flavor Enhancement Trend
SkyQuest projects that the liquid smoke market will attain a USD 122.05 million value by 2030, with a CAGR of 5.9% over the forecast period (2023-2030). Liquid smoke market thrives on the rising preference for smoky flavors in food and beverages. Liquid smoke provides an efficient and consistent means to achieve the desired taste profile, driving its widespread adoption across various cuisines and products, thereby boosting the market growth.
Westford,USA, Aug. 14, 2023 (GLOBE NEWSWIRE) — According to SkyQuest, liquid smoke in meat and seafood processing enhances shelf life and imparts a smoky aroma. The liquid smoke market experiences growth, driven by its preservative and flavor-enhancing properties as the demand for processed meat and seafood products rises globally.
Browse In-Depth TOC on the “Liquid Smoke Market”
- Pages – 260
- Tables – 94
- Figures – 66
Consumer demand for natural and clean-label products fuels the liquid smoke market. Liquid smoke, derived from wood and natural sources, aligns with this trend. Its ability to impart flavor without artificial additives attracts health-conscious consumers, expanding the market.
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Prominent Players in the Liquid Smoke Market
- Besmoke Ltd.
- Colgin, Inc.
- Azelis S.A.
- B&G Foods, Inc.
- Red Arrow International LLC
- Ruitenberg Ingredients B.V.
- Baumer Foods, Inc.
- Kerry Group plc
- Frutarom Industries Ltd. (Now part of IFF)
- RAPS GmbH & Co. KG
- Ruitenberg Ingredients B.V.
- Bickford Flavors
- Maricopa Smokehouse, Inc.
- Olefarma S.A.
- Creative Foods Ingredients
- The Hershey Company
- Genuine Smokehouse, LLC
- Shaanxi Longfu Biochemical Co., Ltd.
- Dresdner Essenz GmbH
- Blair’s Sauces & Snacks
Meat Products Segment is Expected to Grow the Market Due to Rising Demand for Enhanced Flavor and Extended Shelf Life
Meat products segment experiences rapid growth in the liquid smoke market due to the rising demand for enhanced flavor and extended shelf life. Liquid smoke’s ability to impart a smoky aroma and act as a natural preservative appeal to meat processors driving its widespread adoption and contributes to the segment’s swift expansion.
Europe is the fastest-growing region in the liquid smoke market due to its culinary diversity and demand for authentic flavors. Liquid smoke’s ability to enhance taste and aroma aligns with evolving consumer preferences. Expanding food processing and manufacturing industries further drive the region’s significant market growth.
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Hypermarkets Segment is Expected to Dominate the Market Due to its Widespread Reach and Convenience for Consumers
Hypermarkets segment dominates the global liquid smoke market due to its widespread reach and convenience for consumers. Hypermarkets provide a one-stop shopping experience, enabling easy access to various products, including liquid smoke. This widespread availability solidifies the segment’s leading position in the market.
North America asserts dominance in the global liquid smoke market owing to its well-established food processing and meat industry. Growing demand for enhanced flavors and longer shelf life drives liquid smoke adoption. Stringent food safety regulations and consumer preference for convenience further solidify the region’s leading position in the market.
A comprehensive analysis of the major players in the liquid smoke market has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavors to develop innovative solutions to cater to the growing demand.
Key Developments in the Liquid Smoke Market
- In March 2023, McCormick & Company, Inc. acquired Smokehouse Flavors, Inc. Smokehouse Flavors is a leading manufacturer of liquid smoke products in the United States. The acquisition is expected to strengthen McCormick’s position in the liquid smoke market and expand its product offerings.
- In January 2023, Liquid Smoke Flavors, Inc. announced the launch of its new line of liquid smoke flavors, including hickory, mesquite, applewood, and maple. The new flavors are designed to appeal to a wider range of consumers and be used in various dishes.
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Key Questions Answered in Liquid Smoke Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- List the top companies in the market and explain how they have achieved their positions of influence.
- In what ways do regional trends and patterns differ within the global market, and how these differences shape the market’s future growth?
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