GLOBAL
LIQUID SMOKE MARKET Market Size (2019)
US$ 89.6 MN
CAGR (2019– 2027)
8.1% © Coherent Market Insights. All Rights Reserved
Segmentation (Scope) By Application
Meat and Seafood
Sauces
Pet Food and Treats
Others Diary
(Snacks and Bakery and Confectionery)
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Major Drivers Increasing global demand for new flavors in food and beverage industry Rise in spending by consumers on food products globally © Coherent Market Insights. AllAll Rights Reserved © Coherent Market Insights. Rights Reserved
NORTH AMERICA
EUROPE
Market Size
Market Size
US$ 19.1 MN
US$ 32.1 MN
CAGR
CAGR
7.4%
7.0%
Major Driver
Major Drivers
Increasing number of plant expansions by players operating the market
Rising adoption of smoky flavors in food products Increasing consumption of meat products across the region © Coherent Market Insights. AllAll Rights Reserved © Coherent Market Insights. Rights Reserved
Major Players Azelis
Redbook Ingredient Services Ltd
Besmoke
MSK Specialist Ingredients Kerry, Inc.
FRUTAROM Savory Solutions
Ruitenberg Ingredients
GmbH
B&G Foods, Inc. (Wrights)
Red Arrow International LLC
Baumer Foods Inc.
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Global Liquid Smoke Market, Revenue Share (%), By Wall Material, in 2018 77%
XX%
XX%
XX% XX%
Meat and Seafood
Sauces
Pet Food and Treats
Dairy
Others © Coherent Market Insights. AllAll Rights Reserved © Coherent Market Insights. Rights Reserved
Global Liquid Smoke Market – Opportunity Analysis
Rising adoption of liquid smoke equipment among major players in order to reduce the overall cost production
Opportunity Analysis
Rising adoption of liquid smoke in various cheese products
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