Global Liquid Smoke Market Analysis and Opportunity Assessment to 2025

A latest research report titled as “Liquid Smoke Market - Global Industry Analysis and Opportunity Assessment, 2015 – 2025” has been recently added to the vast portfolio of Market Research Reports Search Engine (MRRSE) online research offerings. This report is a professional and in-depth analysis on the present state and future prospect for the global market. It provides valuable information to the industry insiders, potential entrants or investors. It includes an exhaustive enquiry with the reliability of logic and the comprehensiveness of contents.

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Smoke ingredients are used in the food industry to add smoke characteristics to food with or without grilling or roasting the food. Liquid smoke is generated by the combustion of hard wood such as maple, beech, oak and hickory. The condensate produced during the combustion process is called liquid smoke. Liquid smoke aids processed food manufacturers to optimize production, improve product characteristics and avoid batch to batch variation of food. It is widely utilised in meat and seafood industry to add flavour and colour through various methods such as atomising, spraying and dipping.

Market Value and Forecast

The global liquid smoke market was valued at US$ 61.1 Mn in 2014 and is expected to expand at a CAGR of 8.1% during the forecast period (2015–2025). Rising disposable income and increasing customer preference for smoked products such as smoked sausages and salmons are some of the major factors propelling growth of liquid smoke market. Development of unique flavors by liquid smoke manufacturers for product differentiation is a major trend observed in the market. Stringent government regulations governing food safety aspects for both liquid smoke and processed food manufacturers perspective is expected to follow.

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Segmentation by Applications

On the basis of application, the global liquid smoke market is segmented into meat and seafood, sauces, pet food and treats, dairy and others (snacks and bakery and confectionery); among these, meat and seafood segment dominated the global liquid smoke market in 2014 and is anticipated to retain its dominance throughout the forecast period. With growing pet ownership and consumer preference, especially in regions such as North America and Western Europe, for liquid smoke sauces to add barbeque flavour is expected to drive growth of segments such as pet food and treats and sauces, during the forecast period. Growth of these segment is expected to be driven by various advantages offered by liquid smoke such as low overall cost of using liquid smoke for preservation and imparting flavor as compared to conventional methods and low environmental impact.

Key Regions

The global liquid smoke market includes seven major regions – North America, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan, Eastern Europe, Latin America and Middle East & Africa (MEA). Of all the regions, in terms of value, North America was the largest market for liquid smoke and accounted for 22.0% share of the total liquid smoke market in 2014. This share can be primarily attributed to the wide adoption of liquid smoke across processed meat and seafood manufacturers in this region. Moreover, various multinational companies based in North America are currently focusing on strengthening partnerships with processed food manufacturers and distributors across various region. Latin America is anticipated to emerge as the fastest growing region, followed by APEJ in the liquid smoke market during forecast period.

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