According to Future Market Insights, the global liquid smoke market size is forecast to increase from US$ 93 million in 2023 to US$ 245 million by 2033. Overall liquid smoke sales are forecast to surge at 11.7% CAGR between 2023 and 2033.
Rising demand for processed food products and increasing usage of liquid smoke for preparing a wide range of food products including barbecue sausage, seafood, and hot dogs are driving the industry forward.
In recent years, liquid smoke has gained immense traction across food service industry as a substitute for actual meat smoking. It is being increasingly used as a flavoring in various food products to make them appealing to consumers.
Usage of liquid smoke helps end users preserve food products as well as provide them with unique tastes. Rapid growth of food processing industry and increasing popularity of smoked food items will boost the global liquid smoke industry during the assessment period.
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The usefulness of the smoke solution is enhanced through the use of more complex food-grade processes such as extraction with oil, spray-drying, and plating onto food and food ingredients such as flour, yeast, and salt. Therefore, the growing processed food industry is expected to play a key role in boosting liquid smoke sales.
Similarly, growing awareness about the health and environmental benefits of liquid smoke is expected to boost sales in the market during the forecast period. Liquid smoke is eco-friendly as it does not release toxic pollutants into the environment.
Another factor that is expected to help the liquid smoke industry to thrive rapidly during the next ten years is the growing preference for barbeque sauces across the world.
Key Takeaways from the Report:
- Based on application, meat and seafood segment will continue to dominate the global liquid smoke market during the forecast period.
- By distribution channel, online stores segment will grow at a significant pace over the next ten years.
- The United Kingdom liquid smoke market size is projected to reach US$ 13.0 million by 2033.
- The USA liquid smoke market is expected to expand at a CAGR of 6.9 % during the projection period.
- Liquid smoke demand in Japan is poised to surge at 9.4% CAGR between 2023 and 2033.
Who is Winning?
Leading manufacturers of liquid smoke include Azelis Holdings S.A., B&G Foods, Inc., International Flavors & Fragrances, Inc., McCormick & Company, Inc., Kerry Group PLC, Colgin, Inc., MSK Ingredients Limited, PS Seasoning, Baumer Foods, Aminola, Sacchetto SpA, and Others
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Get Valuable Insights into Liquid Smoke Market
FMI, in its new offering, provides an unbiased analysis of the liquid smoke market presenting historical demand data (2018 to 2022) and forecast statistics for the period from (2023 to 2033). The study divulges compelling insights on the demand for liquid smoke based on Smoke Type (Hickory, Mesquite, Applewood), Application (Beverages, Bakery, Meat & Seafood, Dairy, Pet Food), Distribution Channel (Supermarkets, Convenience Store, Departmental Store, Modern Trade, Food Chain Services, Online Stores, Food & Liquid Store) across several regions.
About the Food & Beverage Division at Future Market Insights
Expert analysis, actionable insights, and strategic recommendations – the Food & Beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
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Liquid Smoke Industry by Category
By Smoke Type:
- Hickory
- Mesquite
- Applewood
- Others
By Application:
- Bakeries
- Beverages
- Dairy
- Meat and Sea Food
- Pet Food
- Others
By Distribution Channel:
- Supermarkets
- Departmental Store
- Modern Trade
- Food Chain Services
- Online Stores
- Food and Liquid Store
- Others
By Region, Liquid Smoke Market is Segmented as:
- North America
- Latin America
- Europe
- Middle East and Africa
- East Asia
- South Asia
- Oceania
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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