Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Liquid Smoke Market 2017 – 2027

Liquid smoke is a flavor primarily used to add smoky fragrance across various cuisines and is mainly available in yellow and red colors. It is also used to enhance the shelf-life of the food items especially meat and seafood. It is water-soluble and generally produced by condensing the smoke from wood along with the additives. It is a natural by-product of burnt wood and is distilled into a concentrate followed by filtering its impurities. Liquid smoke is majorly used across food such as marinades, barbecue sauces, and "barbecue" flavored foods. It is taste like smoke and there are different type of smoke flavors are also available which includes mesquite, hickory, and pecan. Moreover, it is also used as a substitute for bacon food that uses cured pork for obtaining smoky taste.

The global liquid smoke market is projected to surpass US$ 160 million by the end of 2027, in terms of revenue, growing at CAGR of 8.1% during the forecast period (2019 to 2027).

Drivers

Growth in the processed food industry is primarily fueling the market growth of liquid smoke. According to the Invest India, The Processed food market is expected to grow to US$ 543 billion by 2020 from US$ 322 billion in 2016, at a CAGR of 14.6%. Food processing industry includes Fruits & Vegetables, Dairy, Fisheries, Poultry & Meat processing, Food retail, etc. Therefore, the growing processed food industry is propelling the market growth.

Increasing demand for meat products in the U.S. country is expected to fuel the market growth of liquid smoke. According to the North American Meat Institute, the meat and poultry industry is the largest segment of U.S. agriculture. The meat production in the country was totaled 52 billion pounds in 2017 and poultry production was totaled 48 billion pounds in 2017. Therefore, the growing demand for meat products is expected to augment the market growth. 

Regionally, Europe dominated the global Liquid Smoke market in 2018, reporting 37% market share in terms of revenue, followed by North America and Asia-pacific, respectively.

Figure 1. Global Liquid Smoke Market, Revenue Share (%), By Regions, 2018

Liquid Smoke  | Coherent Market Insights

Market Restraints

Still few processed meat manufacturers prefer the conventional method of smoking meat products since it provides a strong flavor to meat products such as beef and pork. Moreover, the conventional method of smoking meat also provides a distinct texture. This factor is expected to limit the adoption of liquid smoke which in turn is hindering the market growth.

Lack of awareness regarding liquid smoke products among consumers of developing countries is projected to hamper the market growth of liquid smoke. Moreover, few people are allergic to smoked products which are further expected to restrict the adoption of liquid smoke. This, in turn, hindering market growth over the forecast period.

Market Opportunities

Rising adoption of liquid smoke equipment among major players in order to reduce the overall cost production is expected to offer enormous growth opportunity to the market of liquid smoke. The use of advanced equipment favor has less impact on the environment and is also cost-effective as compared to traditional smoking methods. Hence, this is expected to fuel market growth over the forecast timeframe.

Rising adoption of liquid smoke in various cheese products will favor market growth over the forecast period. Various manufacturers of dairy products are using liquid flavor in cheese product such as provolone, mozzarella, and scamorza, for expanding their range of smoked cheese products. For instance, in November 2018, Norseland introduced Applewood Vegan smoked cheese.

Figure 2. Global Liquid Smoke Market – Opportunity Analysis

Liquid Smoke  | Coherent Market Insights

Market Trends

The rising trend of using liquid smoke in pet treat products is expected to augment the market growth of liquid smoke over the forecast period. For instance, in August 2018, Omaha Steaks, a retailer of steaks, seafood has introduced a new line of premium dog treats in response to the increasing demand for dog treats. This trend is expected to fuel the market growth of liquid smoke over the forecast period.

Shifting preferences of consumers for liquid smoke in hot dogs is projected to accelerate the market growth of liquid smoke in the near future. For instance, in July 2019, Nolan Ryan Beef has announced that it has launched uncured beef franks, to expand its hot dog and frank portfolio. Hence, using liquid smoke in hot dogs is gaining popularity among consumer and this will favor the market growth.

Figure 3. Global Liquid Smoke Market, Revenue Share (%), By Wall Material, in 2018

Liquid Smoke  | Coherent Market Insights

On the basis of application, meat and seafood dominated the global liquid smoke market in 2018 with around 77% of market share in terms of revenue, followed sauces and pet food & treats, respectively.

Regulations

Canada

Canadian Food Inspection Agency (CFIA):

Mandatory requirements for labels of edible meat products in registered establishments:-

Smoke and smoke flavor are ingredients and must be listed accordingly. The following designation shall be used depending on how these ingredients were added to the meat product:

  • "Naturally smoked" – the meat product was exposed to smoke generated from the direct combustion of hardwood, hardwood sawdust or corn cobs. This can be done either in the presence of heat or not; and/or
  • "Smoked" – the meat product was treated with smoke derived directly or indirectly (i.e. liquid smoke) from hardwood, hardwood sawdust or corn cobs. In the case of liquid smoke, the term "smoked" shall be used only if the meat product was subjected to heat in the presence of a vaporized liquid smoke solution or when the meat product subjected to heat has been packaged in a casing or wrapping impregnated with liquid smoke; and/or
  • "Smoke flavor" – this term shall be used when liquid smoke has been added to the meat product by methods other than those mentioned above, e.g. adding liquid smoke directly into the emulsion.

Competitive Section

Key players operating in the global liquid smoke market are Azelis, Besmoke, FRUTAROM Savory Solutions GmbH, Red Arrow International LLC, Redbrook Ingredient Services Ltd, MSK Specialist Ingredients, Kerry, Inc., Ruitenberg Ingredients, B&G Foods, Inc. (Wrights), andBaumer Foods, Inc.

Few Recent Developments

Kerry Group Plc

  • In 2015, it acquired U.K.-based Rollover Ltd. in January and France-based Dairygold Co-operative’s food ingredient business in February. It has also initiated the process of acquiring Pinnacle’s life>

Liquid smoke is the type of artificial smoke which is produced by the pyrolysis method. Liquid smoke is used in various cuisines in order to add smoky flavor and aroma to the food. It is usually available in red and yellow colors. The rise in usage of the liquid smoke globally is mainly attributed to its widespread use for improving the shelf life of food products, without additional processes such as grilling and roasting.

Market Dynamics

The global liquid smoke market has witnessed significant growth in recent past years, owing to the increasing preferences for smoked food items such as barbeque flavors and sauces among consumers. Furthermore, the rise in consumption of dairy based products in countries in Asia-pacific region, such as India and China has led to the surge in the growth of the global liquid smoke market in recent past years. Liquid smoke is used as browning agents, color preservatives and antimicrobial additives which in turn is expected to fuel the growth of the liquid smoke market globally.

On the basis of core material, global liquid smoke market can be segmented into meat & seafood, sauces, pet food & treats, dairy, others. The meat & seafood segment is expected to witness substantially growth during the forecast period, owing to the rising demand and consumption of various meat products across the globe. This scenario is expected to foster growth of the global liquid smoke market during the forecast period.

Key features of the study:

  • This report provides in-depth analysis of global liquid smoke market size (US$ Million), and Compound Annual Growth Rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global liquid smoke market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plant
  • Key companies covered as a part of this study includes Azelis, Besmoke, FRUTAROM Savory Solutions GmbH, Red Arrow International LLC, Redbrook Ingredient Services Ltd, MSK Specialist Ingredients, Kerry, Inc., Ruitenberg Ingredients, B&G Foods, Inc. (Wrights), and Baumer Foods, Inc.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global Liquid smoke market report caters to various stakeholders in this industry including investors, suppliers, global liquid smoke manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analysing the global liquid smoke market

Detailed Segmentation:

  • Global Liquid Smoke Market, By Application:
    • Meat and Seafood
    • Sauces
    • Pet Food and Treats
    • Dairy
    • Others
  • Global Liquid Smoke Market, By Region:
    • North America
      • U.S.
        • By Application
          • Meat and Seafood
          • Sauces
          • Pet Food and Treats
          • Dairy
          • Others
        • Canada
          • By Application
            • Meat and Seafood
            • Sauces
            • Pet Food and Treats
            • Dairy
            • Others
    • Latin America
      • Brazil
        • By Application
          • Meat and Seafood
          • Sauces
          • Pet Food and Treats
          • Dairy
          • Others
        • Mexico
          • By Application
            • Meat and Seafood
            • Sauces
            • Pet Food and Treats
            • Dairy
            • Others
          • Rest of Latin America
            • By Application
              • Meat and Seafood
              • Sauces
              • Pet Food and Treats
              • Dairy
              • Others
    • Europe
      • EU 5
        • By Application
          • Meat and Seafood
          • Sauces
          • Pet Food and Treats
          • Dairy
          • Others
      • Benelux
        • By Application
          • Meat and Seafood
          • Sauces
          • Pet Food and Treats
          • Dairy
          • Others
      • Nordic
        • By Application
          • Meat and Seafood
          • Sauces
          • Pet Food and Treats
          • Dairy
          • Others
      • Rest of Europe
        • By Application
          • Meat and Seafood
          • Sauces
          • Pet Food and Treats
          • Dairy
          • Others
    • Asia Pacific
      • China
        • By Application
          • Meat and Seafood
          • Sauces
          • Pet Food and Treats
          • Dairy
          • Others
      • Japan
        • By Application
          • Meat and Seafood
          • Sauces
          • Pet Food and Treats
          • Dairy
          • Others
      • India
        • By Application
          • Meat and Seafood
          • Sauces
          • Pet Food and Treats
          • Dairy
          • Others
      • Australia & New Zealand
        • By Application
          • Meat and Seafood
          • Sauces
          • Pet Food and Treats
          • Dairy
          • Others
      • Rest of Asia Pacific
        • By Application
          • Meat and Seafood
          • Sauces
          • Pet Food and Treats
          • Dairy
          • Others
  • Middle East & Africa
    • GCC
      • By Application
        • Meat and Seafood
        • Sauces
        • Pet Food and Treats
        • Dairy
        • Others
    • South Africa
      • By Application
        • Meat and Seafood
        • Sauces
        • Pet Food and Treats
        • Dairy
        • Others
    • Rest of Middle East & Africa
      • By Application
        • Meat and Seafood
        • Sauces
        • Pet Food and Treats
        • Dairy
        • Others
  • Company Profiles
    • Azelis*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Besmoke
    • FRUTAROM Savory Solutions GmbH
    • Red Arrow International LLC
    • Redbrook Ingredient Services Ltd
    • MSK Specialist Ingredients
    • Kerry, Inc.
    • Ruitenberg Ingredients
    • B&G Foods, Inc. (Wrights)
    • Baumer Foods, Inc.

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global Liquid Smoke Market, By Application, 2017 - 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Meat and Seafood
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million)
    • Sauces
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million)
    • Pet Food and Treats
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million)
    • Dairy
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million)
  5. Global Liquid Smoke Market, By Region, 2017- 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2019 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Rest of Latin America
          • Sub-region/Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • France
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Nordic
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Benelux
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Poland
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Rest of Europe
          • Sub-region/Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • India
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Oceania
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Rest of Asia Pacific
          • Sub-region/Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
    • Middle East & Africa
      • Market Share Analysis, By Country/ Sub-region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country/ Sub-region, 2019 - 2027
        • GCC
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Rest of Middle East & Africa
          • Sub-region/Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
  6. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • Azelis*
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Besmoke
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • FRUTAROM Savory Solutions GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Red Arrow International LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Redbrook Ingredient Services Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • MSK Specialist Ingredients
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Kerry, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Ruitenberg Ingredients
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • B&G Foods, Inc. (Wrights)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Baumer Foods, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 45 market data tables* and 30 figures* on "Global Liquid Smoke Market” – global forecast to 2027

Frequently Asked Questions

The market for Liquid Smoke is forecast to surpass 160 million by 2027 witnessing a CAGR of 8.1% between 2019 and 2027.
Surge in growth in the processed food industry and rising demand for meat products across the globe is fostering the demand growth, indirectly driving the market for Liquid Smoke.
The Liquid Smoke market has been segmented by Application across 5 major regions.
Existing Clientele

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients

Our Trusted Patner