The global liquid smoke market size is expected to reach USD
92.3 million by 2025, according to a new report by Grand View Research, Inc.,
expanding at a CAGR of 7.2% over the forecast period. Growing popularity of
liquid smoke as functional ingredients in manufacturing processed foods on
account of its easy handling characteristics and high water solubility is
expected to remain a key driving factor in the market. Furthermore, increasing
consumption of barbeque dishes among working class population of developing
economies including China and India is expected to open new avenues for the
industry over the next few years.
North America generated a revenue of more than
USD 18.0 million in 2018. This region is expected to foresee gains due to
shifting preference for liquid smoke as browning agents, color stabilizers, and
antimicrobial additives in the meat and sauce industry of U.S. and Canada.
Furthermore, strong brand foothold of key liquid smoke industry participants
including Red Arrow International LLC and Colgin through their well-established
distribution networks in U.S. is projected to remain a favorable trend in the
near future.
Asia Pacific is projected to account for a
share of 20.5% by the end of 2025. This revenue growth is attributed to the
positive outlook towards the food processing industry in the countries
including China and India, wherein the governments are framing favorable laws
and investments are increasing by multi-national companies. These policies are
expected to expand the scope of liquid smoke as functional ingredients in
manufacturing various processed foods produced in the aforementioned countries.
Meat products are expected to generate a
revenue of USD 28.8 million by the end of 2025. Meat products have been the
largest application segment for this product, wherein the primary purpose
behind its use is to give a smoky taste to the meat products, such as barbeque
sausages and salmon.
For full research report on Liquid
Smoke Market visit here:
https://www.grandviewresearch.com/industry-analysis/liquid-smoke-market
Further key
findings from the study suggest:
- By application, pet foods are projected to
exceed a revenue of USD 10.0 million by 2025. Sauces accounted for 24.5%
share of the overall revenue in the year 2018
- Europe is expected to account for 31.3% share
of global revenue by 2025
- Key industry participants include Red Arrow
International LLC; Baumer Foods Inc.; Azelis SA; B&G Foods Inc.;
Ruteinberg Ingredients BV; Kerry Groupe PLC; MSK Ingredients; Redbrook
Ingredients Services Ltd.; and Besmoke Ltd.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/liquid-smoke-market/request/rs1
Grand
View Research has segmented the global liquid smoke market on the basis of
application and region:
Liquid Smoke Application
Outlook (Revenue, USD Million, 2015 - 2025)
- Meat Products
- Sauces
- Dairy Products
- Pet Food
- Others
Liquid Smoke Regional Outlook
(Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- India
- Central & South
America
- Brazil
- Middle East &
Africa
- South Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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