Global Liquid Smoke Market by Application (Meat Products, Pet Food, Sauces, Dairy Products) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

In 2018, the global liquid smoke market was worth USD 56.5 million. The positive factor that liquid smoke products can prolong the shelf life of food products, without them being roasted or grilled, and enhance their flavor is expected to continue to be a driving force. The rising purchasing power of the working-class population in developing countries like Brazil, China, India and India is encouraging consumers to spend more on liquid smoke products.

The food industry has been increasing their use of liquid smoke in its formulations of meats, poultry, seafood, sauces and seasonings. These products are perceived by many consumers as an ingredient that enhances the taste of food and can be eaten with no side effects.

Liquid smoke products can be used to replace the direct smoking of food by using on-site wood smoke. This has led to a significant increase in demand worldwide for liquid smoke. To give food products the desired functional and desirable smoke effect, liquid smoke is often applied topically.

These products are very popular in developed countries like Germany and the U.K. because of their ability to add a smoky flavor and aroma to many recipes. Consumers are increasingly inclined to buy premium smoked foods products, such as smoked salmon or sausages. The traditional method of smoking meat products will continue to be difficult.

Application Insights

With a market share of more than 30%, meat products dominated 2018. They are a popular choice for consumers who want to imitate onsite-generated wood smoke in liquid smoke products. The segment is driven by a growing meat-processing industry and evolving processes. Liquid smoke solutions are also being used in more applications. Similar trends can also be seen in the many sauce recipes. These products can be added to sauces to improve flavor, such as barbeque or dry seasoning.

Liquid smoke can also be used in dairy products, such as cheese, to give it a natural smoky flavor. These liquids are useful in pet food, as owners want to give their pets the best care possible. Because of their complex use in food processing, such as oil extraction, food plating, and the addition of yeast, malt flour, and salt, the aqueous smoke solution has gained momentum.

These products can also be used to control pests, microbial growth, plant structure enhancement and seed germination. Others claims include livestock benefits such as the preservation of feed from microbes and better nutrient digestion. These liquids also offer benefits in the fields of agriculture, such as soil quality improvement, healthier leaves, and improved seed germination. These products offer medical benefits, such as digestive problems, skin conditions, dental infections, and heart, eyes, liver, or ear problems. These products have wide-ranging applications and are driving the market demand.

Regional Insights

North America was the dominant market, accounting for 35.1% of total revenue. The demand for smoky-flavored meat products, sauces, and pet food products has increased significantly. This has helped propel the region's industry forward. Red Arrow International LLC, Colgin and others are the top producers of liquid smoking in this region. North America is home to more than 35 processed meat plants that use liquid smoking in bulk quantities. This makes it the world's largest producer and consumer of liquid smoke.

Europe is a major market in this industry. It is expected to grow at 7.6% between 2019 and 2025. France, Germany and the U.K. are key markets in this region. The industry's growing revenue is encouraging manufacturers to invest in R&D, which will boost the liquid smoke market growth. This market is also driven by a high level of spending power. These products have been gaining popularity over the years because they replicate the smoky flavor of real wood smoking and can be used in many foods.

Asia Pacific is the fastest-growing region, growing at 8.5% between 2019 and 2025. This region is expected to grow due to factors such as rising purchasing power, developing economies and the use of liquid smoke in many meat products and other recipes. The liquid smoke market is also being driven by the presence of companies such as Kerry, Azelis and Besmoke.

Liquid Smoke Market Share insights

Red Arrow International LLC, Baumer Foods Inc., Azelis SA and B&G Foods Inc. are key players in this market. Red Arrow International LLC and Baumer Foods Inc. are the top manufacturers of the global industry. Kerry Groupe announced on October 26, 2018 that it had reached an agreement with AATCO Food Industries LLC. Fleischmann's Vinegar Company Inc.

The Report Covers Certain Segments

This report predicts revenue growth at both the country and global levels. It also provides analysis of industry trends for each sub-segment from 2015 to 2025. Up Market Research has divided the global liquid smoking market report by application and region.

• Application Outlook (Revenue USD Million, 2015-2025)

  • Meat Products

  • Sauces

  • Dairy Products

  • Pet Food

  • Other

• Regional Outlook (Revenue USD Million, 2015-2025)

  • North America

    • The U.S.

  • Europe

    • Germany

    • The U.K.

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa

Up Market Research published a new report titled “Liquid Smoke Market research report which is segmented by Application (Meat Products, Pet Food, Sauces, Dairy Products), By Players/Companies Red Arrow International LLC; Baumer Foods Inc; Azelis SA; B&G Foods Inc; Ruteinberg Ingredients BV; Colgin; Kerry Groupe PLC; MSK Ingredients; Redbrook Ingredients Services Ltd; and Besmoke Ltd Red Arrow International and Baumer Foods are the leading manufacturers of the global industry On October 26, Kerry Groupe announced that it has reached an agreement to acquire AATCO Food Industries LLC and Fleischmann’s Vinegar Company Inc, 2018”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Liquid Smoke Market Report Segments:

The market is segmented by Application (Meat Products, Pet Food, Sauces, Dairy Products).

Liquid Smoke Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Liquid Smoke Market

Overview of the regional outlook of the Liquid Smoke Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Liquid Smoke Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Liquid Smoke Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Meat Products

                2. Pet Food

                3. Sauces

                4. Dairy Products

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Liquid Smoke 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 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
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• Understanding Competition Scenario
• Product & Brand Management
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Reasons to Purchase the Liquid Smoke Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.