The Global Liquid Smoke Market is expected to grow at a CAGR of 10.2% during the forecast period. The rising consumption of meat products around the world, increasing customer preference for smoked food products such as salmons and smoked sausages and growing preference for liquid smoke as browning agents, color preservatives, as well as antimicrobial additives are some of the factors that are contributing to growth of the liquid smoke market. However, certain processed meat manufacturers still prefer the traditional method of smoking meat products, as it gives a strong flavor to food mainly to meat products such as beef and pork provides a major restraint in the market. One of the major opportunities for the market growth is growing applications of liquid smoke to impart flavors to hard-boiled candy.
Liquid smoke is an artificial smoke element, which is used across several recipes to impart the smoky taste and aroma to the food. It is usually obtained in yellow and red color. It is widely used to improve shelf life of foodstuffs without frying or grilling the food. This smoke is majorly produced by the method called pyrolysis. Wood smoke is reduced by igniting the wood chips under partial oxygen content, which is further purified and then fractionated to form oil and dry powder. It is extensively used in the meat and seafood industry to add flavor and color through this process such as atomizing, spraying and dipping.
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By Geography, North America region has accounted the largest market share due to the presence of maximum number of processed food plants is mainly attributing to regional market growth during the forecast period. Asia Pacific is anticipated to have fastest growth owing to rapid technological advancements in food processing industries along with increasing consumption of smoke flavored food products in this region.
Key players :
Ruitenberg Ingredients BV, Azelis SA, Kerry Group PLC, Ruitenberg Ingredients BV, Besmoke Ltd., MSK Ingredients Ltd., Redbrook Ingredient Services Ltd., B&G Foods, Inc., Colgin, Red Arrow International LLC, Baumer Foods, Inc. and Frutarom Savory Solutions GmbH .
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What report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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