Liquid smoke is a widely used flavor additive in commercial barbecue sauces and marinades. It is also used in hot dogs, meat and many kinds of cheese to add a smoky flavor. It is the condensate product derived from the destructive distillation of wood. The production of liquid smoke involves the wood smoke obtained from hardwood such as hickory and oak, which is further distilled and condensed. The condensate obtained is then filtered out of any impurities in the form of soot or ash to produce liquid smoke. The acidic, as well as phenolic content of liquid smoke, is responsible for the flavor and texture of the food product. In addition, liquid smoke is also used as a color preservative, browning agent and anti-microbial agent in the food hospitality sector.
MARKET DYNAMICS
The liquid smoke market is anticipated to grow in the forecast period owing to driving factors such as rising consumer preferences for smoked sausages, salmons and other smoked food products coupled with growing number of restaurants and cafes adopting the product to enhance flavor and fragrance. Furthermore, demands for processed meat products with rising pet ownerships further fuel the growth of the liquid smoke market. However, alternatives of the product in the market and fewer health risks associated with the product consumption may hamper the growth of the liquid smoke market. Nonetheless, the market opportunity lies in the growing meat-eating population in developing countries during the forecast period.
MARKET SCOPE
The "Global Liquid Smoke Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of liquid smoke market with detailed market segmentation by product, application and geography. The global liquid smoke market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading liquid smoke market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global liquid smoke market is segmented on the basis of product and application. Based on product, the market is segmented as hickory, mesquite, applewood and others. On the basis of the application the market is segmented as seafood & meat, sauces, dairy, pet foods & treats and others.
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REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global liquid smoke market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The liquid smoke market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting liquid smoke market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the liquid smoke market in these regions.
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MARKET PLAYERSThe reports cover key developments in the liquid smoke market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from liquid smoke market are anticipated to lucrative growth opportunities in the future with the rising demand for liquid smoke in the global market. Below mentioned is the list of few companies engaged in the liquid smoke market.
The report also includes the profiles of key liquid smoke companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
-Azelis S.A.
-B&G Foods, Inc.
-Baumer Foods, Inc.
-Besmoke
-Colgin, Inc.
-Kerry Group plc
-MSK Ingredients Ltd.
-Red Arrow International LLC
-Redbrook Ingredient Services Ltd
-Ruitenberg Ingredients B.V.
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