According to Future Market Insights, the global liquid
smoke market size is forecast to increase from US$ 93
million in 2023 to US$ 245 million by
2033. Overall liquid smoke sales are forecast to surge at 11.7% CAGR between
2023 and 2033.
Rising demand for processed food products and increasing
usage of liquid smoke for preparing a wide range of food products including
barbecue sausage, seafood, and hot dogs are driving the industry forward.
In recent years, liquid smoke has gained immense traction
across food service industry as a substitute for actual meat smoking. It is
being increasingly used as a flavoring in various food products to make them
appealing to consumers.
Usage of liquid smoke helps end users preserve food products
as well as provide them with unique tastes. Rapid growth of food processing
industry and increasing popularity of smoked food items will boost the global
liquid smoke industry during the assessment period.
Request Sample Report and Drive Impactful
Decisions: https://www.futuremarketinsights.com/reports/sample/rep-gb-1389
The usefulness of the smoke solution is enhanced through the
use of more complex food-grade processes such as extraction with oil,
spray-drying, and plating onto food and food ingredients such as flour, yeast,
and salt. Therefore, the growing processed food industry is expected to play a
key role in boosting liquid smoke sales.
Similarly, growing awareness about the health and
environmental benefits of liquid smoke is expected to boost sales in the market
during the forecast period. Liquid smoke is eco-friendly as it does not release
toxic pollutants into the environment.
Another factor that is expected to help the liquid smoke
industry to thrive rapidly during the next ten years is the growing preference
for barbeque sauces across the world.
Key Takeaways from the Report:
- Based
on application, meat and seafood segment will continue to dominate the
global liquid smoke market during the forecast period.
- By
distribution channel, online stores segment will grow at a significant
pace over the next ten years.
- The
United Kingdom liquid smoke market size is projected to reach US$ 13.0 million
by 2033.
- The
USA liquid smoke market is expected to expand at a CAGR of 6.9 % during
the projection period.
- Liquid
smoke demand in Japan is poised to surge at 9.4% CAGR between 2023 and
2033.
Who is Winning?
Leading manufacturers of liquid smoke include Azelis
Holdings S.A., B&G Foods, Inc., International Flavors & Fragrances,
Inc., McCormick & Company, Inc., Kerry Group PLC, Colgin, Inc., MSK
Ingredients Limited, PS Seasoning, Baumer Foods, Aminola, Sacchetto SpA, and
Others
Comments
0 comment