Liquid Smoke Market: Meat and Seafood Top Application Areas Across Key Regional Markets During the Forecast Period: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2027)

  • Published: Feb, 2018
  • Report Code: REP-GB-1389

An Incisive, In-depth Analysis on the Liquid Smoke Market

This study offers a comprehensive, 360 degree analysis on the Liquid Smoke market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Liquid Smoke market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

In terms of revenue, the global liquid smoke market is estimated to register a CAGR of 7.8% over the forecast period, owing to numerous factors, about which Future Market Insights offers thorough insights and forecasts in the report. Factors such as rising purchasing power in certain countries in regions such as North America, Western Europe and Eastern Europe along with growing pet ownership is anticipated to surge the demand for liquid smoke market during the forecast period.

By application, meat and seafood segment is expected to witness highest growth the global liquid smoke market. Owning to rapidly increasing population and rampant westernization across developing regions such as APAC, there is a rising consumption of meat products worldwide. Meat and seafood segment is expected to reach a value of nearly US$ 118 Mn by 2027 end. By distribution channel, hypermarket/supermarket segment is estimated to account for a significant revenue share of 55.6% in 2017 and is expected to register significant growth rate during the forecast period.

Rising consumption of meat products around the world is boosting the global liquid smoke market

Rapidly increasing population and rampant westernization across developing regions such as APAC is leading to rising consumption of meat products. This in turn, is projected to increase uptake of processed meat products, thus boosting demand for liquid smoke for imparting flavour and preservation. Moreover, processed food manufacturers are focusing on investing in expansion of existing production plants and setting up of new plants to increase production of processed food such as meat and seafood products.  This in turn, is expected to boost demand for liquid smoke that is used to add a distinct flavour in certain processed food products.

Rising trend of pet humanisation, 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. However, certain processed meat manufacturers still prefer the conventional method of smoking meat products, as it imparts a strong flavour to food, especially meat products such as beef and pork. It also gives it a distinct texture. This is expected to inhibit growth of the liquid smoke market to a certain extent.

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Global Liquid Smoke Market Size Forecast by Region

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. Collectively, North America and Western Europe markets are expected to account for over 41.6% revenue share of the global liquid smoke market by 2017 end. Japan is estimated to exhibit a significant CAGR of 7.5% over the forecast period.

North America liquid smoke market was estimated to be valued at nearly US$ 17 Mn in the year 2017 and is anticipated to touch a valuation of nearly US$ 33 Mn in 2027, exhibiting a CAGR of 7.2% during the period of assessment. Western Europe liquid smoke market was estimated to be valued at nearly US$ 15 Mn in 2017 and is slated to reach a valuation of nearly US$ 30 Mn in 2027, displaying a CAGR of 7.1% during the period of forecast.

In this report, a 10 year forecast of the global liquid smoke market is offered between 2017 and 2027. The current study reveals the market trends and market dynamics in all seven regions that are expected to positively affect the current market environment and future scenario of the liquid smoke market over the forecast period.

Report Description

This report inspects the liquid smoke market for the period 2017–2027. The prime objective of this report is to offer insights into developments in the liquid smoke market that are gradually helping transform global businesses associated with the same.

The global liquid smoke market report begins by the executive summary and defining various categories and their share in the liquid smoke market. It is followed by market dynamics, overview of the global liquid smoke market, which includes analysis of market drivers, restraints, opportunities and trends that are affecting growth of the liquid smoke market. Furthermore, to understand the popularity of the market segment and regions, the attractiveness index with elaborated insights on the same is provided, which will show the market’s attractiveness based on the factors such as CAGR and incremental opportunity.

The liquid smoke market is segmented based on application, distribution channel, and region. On the basis of application the market is segmented in to meat and seafood, sauces, pet food and treats, dairy, and others. The next section of the report highlights the liquid smoke market, by region, and provides the market outlook for 2017–2027. The study investigates the market attractiveness regionally, as well as analyses the limit to which the trends are influencing the liquid smoke market in each region. Main regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA).

Competition Landscape

In the final section of the report on liquid smoke, the ‘dashboard view’ of the companies is provided to compare the current industrial scenario and their contribution in total liquid smoke market. Moreover, it is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on the in-depth assessment of their capabilities and success in the liquid smoke marketplace. Detailed profiles of liquid smoke production companies are also included in the report to evaluate their long– and short–term strategies, key product offerings and recent developments in the liquid smoke market.

Research Methodology

To ascertain the liquid smoke market size, we have also taken into account the revenue generated by the various manufacturers. The forecast presented here assesses the total revenue generated by value, across the liquid smoke market. In order to provide an accurate forecast, we initiated by sizing up the current market, which forms the basis on how the liquid smoke market is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome on the basis of three different types of analysis; based on supply side, downstream industry demand and the economic envelope. In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market based on key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of the liquid smoke market and identify the right opportunities across the market.

The liquid smoke segments based on application, distribution channel, and region, have been analysed in terms of basis point share (BPS) to understand the individual segment’s relative contributions to market growth. This detailed level of information is important for identifying various key trends in the liquid smoke market. Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity. This is overlooked while forecasting the market. However, absolute dollar opportunity is critical for evaluating the scope of opportunity that a provider can look to achieve, as well as to identify potential resources from a delivery perspective of the liquid smoke market. The overall absolute dollar opportunity along with the segmental split is mentioned in the report.

To understand key growth segments in terms of growth and adoption for liquid smoke globally, Future Market Insights developed the liquid smoke market ‘attractiveness index.’ The resulting index should help providers identify real market opportunities.

Market Taxonomy

Application

Sales Channel

Region

  • Meat and Seafood

  • Sauces

  • Pet Food and Treats

  • Dairy

  • Others (Snacks and Bakery and Confectionery)

  • Hypermarket/Supermarket

  • Convenience Stores

  • Discount Stores

  • Food & Drink Specialty Store

  • Others

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • Asia Pacific excluding Japan

  • Japan

  • Middle East and Africa

Liquid Smoke Market Reports - Table of Contents

Liquid Smoke Market Reports - List of Tables

Table 1: Global Liquid Smoke Market Value (US$ Mn) Forecast by Region, 2012-2027

Table 2: Global Liquid Smoke Market Value (US$ Mn) Forecast by Application, 2012-2027

Table 3: Global Liquid Smoke Market Value (US$ Mn) Forecast by Distribution Channel, 2012-2027

Table 4: North America Liquid Smoke Market Value (US$ Mn) Forecast by Country, 2012-2027

Table 5: North America Liquid Smoke Market Value (US$ Mn) Forecast by Application, 2012-2027

Table 6: North America Liquid Smoke Market Value (US$ Mn) Forecast by Distribution Channel, 2012-2027

Table 7: Latin America Liquid Smoke Market Value (US$ Mn) Forecast by Country, 2012-2027

Table 8: Latin America Liquid Smoke Market Value (US$ Mn) Forecast by Application, 2012-2027

Table 9: Latin America Liquid Smoke Market Value (US$ Mn) Forecast by Distribution Channel, 2012-2027

Table 10: Western Europe Liquid Smoke Market Value (US$ Mn) Forecast by Country, 2012-2027

Table 11: Western Europe Liquid Smoke Market Value (US$ Mn) Forecast by Application, 2012-2027

Table 12: Western Europe Liquid Smoke Market Value (US$ Mn) Forecast by Distribution Channel, 2012-2027

Table 13: Eastern Europe Liquid Smoke Market Value (US$ Mn) Forecast by Country, 2012-2027

Table 14: Eastern Europe Liquid Smoke Market Value (US$ Mn) Forecast by Application, 2012-2027

Table 15: Eastern Europe Liquid Smoke Market Value (US$ Mn) Forecast by Distribution Channel, 2012-2027

Table 16: APEJ Liquid Smoke Market Value (US$ Mn) Forecast by Country, 2012-2027

Table 17: APEJ Liquid Smoke Market Value (US$ Mn) Forecast by Application, 2012-2027

Table 18: APEJ Liquid Smoke Market Value (US$ Mn) Forecast by Distribution Channel, 2012-2027

Table 19: Japan Liquid Smoke Market Value (US$ Mn) Forecast by Application, 2012-2027

Table 20: Japan Liquid Smoke Market Value (US$ Mn) Forecast by Distribution Channel, 2012-2027

Table 21: MEA Liquid Smoke Market Value (US$ Mn) Forecast by Country, 2012-2027

Table 22: MEA Liquid Smoke Market Value (US$ Mn) Forecast by Application, 2012-2027

Table 23: MEA Liquid Smoke Market Value (US$ Mn) Forecast by Distribution Channel, 2012-2027

Liquid Smoke Market Reports - List of Figures

Figure 01: Global Liquid Smoke Market Value (US$ Mn), 2012-2016

Figure 02: Global Liquid Smoke Market Value (US$ Mn) Forecast, 2017-2027

Figure 03: Global Liquid Smoke Market Value Share (%) and BPS Analysis by Region, 2017 & 2027

Figure 04: Global Liquid Smoke Market Value (US$ Mn ) Analysis by Region, 2012-2027

Figure 05: Global Liquid Smoke Market Attractiveness by Region, 2017-2027

Figure 06: Global Liquid Smoke Market Value Share (%) and BPS Analysis by Application, 2017 & 2027

Figure 07: Global Liquid Smoke Market Value (US$ Mn ) Analysis by Application, 2012-2027

Figure 08: Global Liquid Smoke Market Attractiveness by Application, 2017-2027

Figure 09: Global Liquid Smoke Market Value Share (%) and BPS Analysis by Distribution Channel, 2017 & 2027

Figure 10: Global Liquid Smoke Market Value (US$ Mn ) Analysis by Distribution Channel, 2012-2027

Figure 11: Global Liquid Smoke Market Attractiveness by Distribution Channel, 2017-2027

Figure 12: North America Liquid Smoke Market Value Share (%) and BPS Analysis by Country, 2017 & 2027

Figure 13: North America Liquid Smoke Market Value (US$ Mn ) Analysis by Country, 2012-2027

Figure 14: North America Liquid Smoke Market Attractiveness by Country, 2017-2027

Figure 15: North America Liquid Smoke Market Value Share (%) and BPS Analysis by Application, 2017 & 2027

Figure 16: North America Liquid Smoke Market Value (US$ Mn ) Analysis by Application, 2012-2027

Figure 17: North America Liquid Smoke Market Attractiveness by Application, 2017-2027

Figure 18: North America Liquid Smoke Market Value Share (%) and BPS Analysis by Distribution Channel, 2017 & 2027

Figure 19: North America Liquid Smoke Market Value (US$ Mn ) Analysis by Distribution Channel, 2012-2027

Figure 20: North America Liquid Smoke Market Attractiveness by Distribution Channel, 2017-2027

Figure 21: Latin America Liquid Smoke Market Value Share (%) and BPS Analysis by Country, 2017 & 2027

Figure 22: Latin America Liquid Smoke Market Value (US$ Mn ) Analysis by Country, 2012-2027

Figure 23: Latin America Liquid Smoke Market Attractiveness by Country, 2017-2027

Figure 24: Latin America Liquid Smoke Market Value Share (%) and BPS Analysis by Application, 2017 & 2027

Figure 25: Latin America Liquid Smoke Market Value (US$ Mn ) Analysis by Application, 2012-2027

Figure 26: Latin America Liquid Smoke Market Attractiveness by Application, 2017-2027

Figure 27: Latin America Liquid Smoke Market Value Share (%) and BPS Analysis by Distribution Channel, 2017 & 2027

Figure 28: Latin America Liquid Smoke Market Value (US$ Mn ) Analysis by Distribution Channel, 2012-2027

Figure 29: Latin America Liquid Smoke Market Attractiveness by Distribution Channel, 2017-2027

Figure 30: Western Europe Liquid Smoke Market Value Share (%) and BPS Analysis by Country, 2017 & 2027

Figure 31: Western Europe Liquid Smoke Market Value (US$ Mn ) Analysis by Country, 2012-2027

Figure 32: Western Europe Liquid Smoke Market Attractiveness by Country, 2017-2027

Figure 33: Western Europe Liquid Smoke Market Value Share (%) and BPS Analysis by Application, 2017 & 2027

Figure 34: Western Europe  Liquid Smoke Market Value (US$ Mn ) Analysis by Application, 2012-2027

Figure 35: Western Europe Liquid Smoke Market Attractiveness by Application, 2017-2027

Figure 36: Western Europe Liquid Smoke Market Value Share (%) and BPS Analysis by Distribution Channel, 2017 & 2027

Figure 37: Western Europe Liquid Smoke Market Value (US$ Mn ) Analysis by Distribution Channel, 2012-2027

Figure 38: Western Europe Liquid Smoke Market Attractiveness by Distribution Channel, 2017-2027

Figure 39: Eastern Europe Liquid Smoke Market Value Share (%) and BPS Analysis by Country, 2017 & 2027

Figure 40: Eastern Europe Liquid Smoke Market Value (US$ Mn ) Analysis by Country, 2012-2027

Figure 41: Eastern Europe Liquid Smoke Market Attractiveness by Country, 2017-2027

Figure 42: Eastern Europe Liquid Smoke Market Value Share (%) and BPS Analysis by Application, 2017 & 2027

Figure 43: Eastern Europe  Liquid Smoke Market Value (US$ Mn ) Analysis by Application, 2012-2027

Figure 44: Eastern Europe Liquid Smoke Market Attractiveness by Application, 2017-2027

Figure 45: Eastern Europe Liquid Smoke Market Value Share (%) and BPS Analysis by Distribution Channel, 2017 & 2027

Figure 46: Eastern Europe Liquid Smoke Market Value (US$ Mn ) Analysis by Distribution Channel, 2012-2027

Figure 47: Eastern Europe Liquid Smoke Market Attractiveness by Distribution Channel, 2017-2027

Figure 48: APEJ Liquid Smoke Market Value Share (%) and BPS Analysis by Country, 2017 & 2027

Figure 49: APEJ Liquid Smoke Market Value (US$ Mn ) Analysis by Country, 2012-2027

Figure 50: APEJ Liquid Smoke Market Attractiveness by Country, 2017-2027

Figure 51: APEJ Liquid Smoke Market Value Share (%) and BPS Analysis by Application, 2017 & 2027

Figure 52: APEJ Liquid Smoke Market Value (US$ Mn ) Analysis by Application, 2012-2027

Figure 53: APEJ Liquid Smoke Market Attractiveness by Application, 2017-2027

Figure 54: APEJ Liquid Smoke Market Value Share (%) and BPS Analysis by Distribution Channel, 2017 & 2027

Figure 55: APEJ Liquid Smoke Market Value (US$ Mn ) Analysis by Distribution Channel, 2012-2027

Figure 56: APEJ Liquid Smoke Market Attractiveness by Distribution Channel, 2017-2027

Figure 57: Japan Liquid Smoke Market Value Share (%) and BPS Analysis by Application, 2017 & 2027

Figure 58: Japan Liquid Smoke Market Value (US$ Mn ) Analysis by Application, 2012-2027

Figure 59: Japan Liquid Smoke Market Attractiveness by Application, 2017-2027

Figure 60: Japan Liquid Smoke Market Value Share (%) and BPS Analysis by Distribution Channel, 2017 & 2027

Figure 61: Japan Liquid Smoke Market Value (US$ Mn ) Analysis by Distribution Channel, 2012-2027

Figure 62: Japan Liquid Smoke Market Attractiveness by Distribution Channel, 2017-2027

Figure 63: MEA Liquid Smoke Market Value Share (%) and BPS Analysis by Country, 2017 & 2027

Figure 64: MEA Liquid Smoke Market Value (US$ Mn ) Analysis by Country, 2012-2027

Figure 65: MEA Liquid Smoke Market Attractiveness by Country, 2017-2027

Figure 66: MEA Liquid Smoke Market Value Share (%) and BPS Analysis by Application, 2017 & 2027

Figure 67: MEA Liquid Smoke Market Value (US$ Mn ) Analysis by Application, 2012-2027

Figure 68: MEA Liquid Smoke Market Attractiveness by Application, 2017-2027

Figure 69: MEA Liquid Smoke Market Value Share (%) and BPS Analysis by Distribution Channel, 2017 & 2027

Figure 70: MEA Liquid Smoke Market Value (US$ Mn ) Analysis by Distribution Channel, 2012-2027

Figure 71: MEA Liquid Smoke Market Attractiveness by Distribution Channel, 2017-2027

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