Increasing Number of Processed Food Plants Expected to Drive Revenue Growth of the Global Liquid Smoke Market

Feb 26,2018 | Food and Beverages

Future Market Insights presents useful insights and a revised forecast of the global liquid smoke market in its published report titled “Liquid Smoke Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027.” In terms of revenue, the global liquid smoke market is estimated to exhibit a CAGR of 7.8% over the forecast period, owing to numerous factors, about which Future Market Insights offers thorough insights and forecasts in this report.

Global Liquid Smoke Market: Segmentation and Forecast

The market is segmented based on application, distribution channel, and region. Based on application the segmentation includes, meat and seafood, sauces, pet food and treats, dairy, and others. Amongst all the applications, meat and seafood segment is expected to account for the highest market share, followed by sauces segment over the forecast period. The meat and seafood segment is expected to register a significant CAGR of 7.4% during the forecast period in terms of value. The sauces segment is projected to register highest CAGR of 9.6% over the forecast period in terms of value.

Rising purchasing power in certain countries in regions such as North America, Western Europe and Eastern Europe, is driving spending on processed food such as smoked products. This in turn is expected to increase uptake of liquid smoke products required in processing food products.  A rise in the trend of pet humanization, wherein pet owners treat their pets like family members, is driving spending on premium pet care and pet food products. This trend, especially prevalent in North America and Europe is expected to boost demand for premium pet food. This in turn, is anticipated to boost growth of the pet food and treats segment in the global liquid smoke market.

Global Liquid Smoke Market: Regional Forecast

For More Detailed Insights on Liquid Smoke Market

This report assesses the trends driving growth of each segment on the global level and offers potential takeaways that could prove substantially useful to liquid smoke manufacturers looking to enter the market. In this report, the global liquid smoke market has been segmented into seven major regions, namely North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA). This report assesses trends driving growth of each segment on the global level and offers potential takeaways that could prove substantially useful to liquid smoke manufacturers looking to enter the market. North America market has been estimated to dominate the liquid smoke market, accounting for maximum revenue share of the market by 2017 end. Among the emerging markets, APEJ is estimated to exhibit highest CAGR of 9.1% over the forecast period.

Latin America liquid smoke market was estimated to be valued at nearly US$ 11 Mn in 2017 and is slated to reach a valuation of nearly US$ 25 Mn in 2027, exhibiting a CAGR of 8.7% during the period of assessment. The Japan liquid smoke market was estimated to be valued at nearly US$ 7 Mn in 2017 and is anticipated to reach a valuation of nearly US$ 14 Mn in 2027, exhibiting a CAGR of 7.5% during the period of forecast.

Global Liquid Smoke Market: Competitive Landscape

Some of the key players in the global liquid smoke market include Red Arrow International LLC, Baumer Foods, Inc., Azelis SA, B&G Foods, Inc., Ruitenberg Ingredients BV, Kerry Group PLC, MSK Ingredients Ltd., Redbrook Ingredient Services Ltd., Besmoke Ltd. Frutarom Savory Solutions GmbH, and others. In this report, Future Market Insights has discussed individual strategies followed by these companies in terms of enhancing their product portfolio, creating new marketing techniques, product offerings, mergers and acquisitions. The ‘Competitive Landscape’ is included to provide report audiences with a dashboard view and company share collectively.

For further insights into the global liquid smoke market, write in to Future Market Insights analysts at press@futuremarketinsights.com

About Food & Beverages division of FMI

Expert analysis, actionable insights, and strategic recommendations - the Food & Beverages team at FMI helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 100+ countries for over a decade. The team provides end-to-end research of the global food & beverage market and consulting services; know how we can help.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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