Market Research Logo

Liquid Smoke Market - Global Industry Analysis and Opportunity Assessment, 2015 – 2025

Liquid Smoke Market - Global Industry Analysis and Opportunity Assessment, 2015 – 2025

Introduction

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 combustion of hard wood such as maple, beech, oak and hickory. 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. It is widely utilised in the meat and seafood industry to add flavour and colour through methods such as atomising, spraying and dipping.

Report Description

This research report on the liquid smoke market provides a detailed analysis of liquid smoke and helps in understanding driving forces for rapid growth of liquid smoke across various applications. This study provides insights about market dynamics and regulations across seven key regions, which are expected to influence the current nature and future status of the liquid smoke market over the forecast period (2015–2025). It also covers the entire liquid smoke ecosystem, including the new technological developments as well as product offerings in the liquid smoke market.

Rising disposable income, growing pet ownership and increasing number of processed food plants, are some of the factors that are further contributing to growth of the liquid smoke market. Increasing consumption of meat products is also propelling adoption of liquid smoke globally. Furthermore, lowered total cost of using liquid smoke as compared to conventional methods is further fuelling adoption of liquid smoke for various applications.

The liquid smoke market report includes FMI’s analysis of key trends, drivers and restraints influencing the global liquid smoke market. Weighted average model is leveraged to identify the impact of key growth drivers and restraints across various geographies, in order to help clients in framing accurate business strategies.

On the basis of application, the market is segmented into meat and seafood, sauces, pet food and treats, diary and others (snacks and bakery and confectionery). The report provides detailed analysis of each application segment in terms of market size (US$ Mn). Key regions assessed in this report are North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan and Middle East & Africa. The report also provides detailed analysis of key trends, absolute dollar opportunity and BPS analysis of the aforementioned market segments.

Key Segments Covered

By Application
Meat and seafood
Sauces
Pet food and treats
Dairy
Others ( snacks and bakery and confectionery)

Key Regions/Countries Covered

North America
U.S.
Canada
Latin America
Brazil
Mexico
Rest of Latin America
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Western Europe
EU5
Nordic
Benelux
Rest of Western Europe
Asia Pacific Excluding Japan (APEJ)
China
India
ASEAN
Australia and New Zealand
Rest of APEJ
Japan
Middle East & Africa
GCC
North Africa
South Africa
Rest of MEA

Given the ever-fluctuating global economy, the report not only forecasts the market on the basis of CAGR, but also analyses the impact of key parameters on each segment during each year of the forecast period. This would help clients understand the predictability of the market and identify the right opportunities in the liquid smoke market during the forecast period. Also, a significant feature of this report is the analysis of all vital segments in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. Absolute dollar opportunity is critical in assessing the level of revenue opportunity that a market participant can receive in the liquid smoke market.

In the final section of the report, the competitive landscape is included in order to provide clients with a dashboard view, based on categories of providers in the value chain of the market, their presence in the liquid smoke market and key differentiators. This section would help clients gain insights on the various participants in the ecosystem of the market and key strategies employed by them. Additionally, it will help client to identify and evaluate key competitors based on the in-depth assessment of their capabilities and success in the liquid smoke marketplace. The report provides comprehensive profiles of the providers, in order to evaluate their long- and short-term strategies related to products across various regions, key offerings and recent developments in the liquid smoke space. Key competitors covered in this report include Red Arrow International LLC now a Kerry Group Plc entity, MSK Ingredients Ltd., Besmoke Ltd., Baumer Food Inc., B&G Foods Inc., Redbrook Ingredient Services Ltd., Frutarom Savory Solutions Gmbh, Ruitenberg Ingredients BV and Azelis SA.

Key Companies

Red Arrow International LLC
Kerry Group Plc
MSK Ingredients Ltd.
Besmoke Ltd.
Baumer Food Inc.
B&G Foods Inc.
Redbrook Ingredient Services Ltd.
Frutarom Savory Solutions Gmbh
Ruitenberg Ingredients BV
Azelis SA

Research Methodology

In order to evaluate the liquid smoke market size, revenue generated by liquid smoke manufacturers has been taken into consideration. Market estimates have been analysed keeping in mind various factors such as technological, environmental, economical, legal and social factors. In order to provide accurate market forecast statistics, the current market was sized, as it forms the basis of the liquid smoke market during the forecast period. Given the characteristics of the market, we triangulated the outcome of three different types of processes, namely, secondary research, primary research and data from paid database. Primary research represents the bulk of our research efforts, supplemented by extensive secondary research. Secondary research includes product literature of key players, annual reports, press releases, and relevant documents, recent trade journals, related technical write-ups, Internet sources, trade associations, agencies and statistical data from government websites. This collated data from primary and secondary data sources is then analysed by the in-house research panel using market research statistical tools, which equates to the most appropriate methodology to provide quality market research report.


1. Liquid Smoke Executive Summary
2. Assumptions & Acronyms Used
3. Research Methodology
4. Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.2. Product Overview
4.3. Global Liquid Smoke Trends
4.4. Market Dynamics
4.4.1. Drivers
4.4.2. Restraints
4.4.3. Opportunity
4.5. Global Liquid Smoke Forecast, 2015–2025
4.5.1. Market Size (Value) Forecast
4.5.1.1. Y-o-Y Growth Projections
4.5.1.2. Absolute $ Opportunity
4.6. Manufacturing Technique for Liquid Smoke
4.7. Functionality and Properties of Liquid Smoke
4.8. Global Market Snapshot (2014)
4.8.1. Market Share By Application
4.8.2. Market Share By Geography
5. Global Market Analysis, By Application
5.1. Introduction
5.1.1. Y-o-Y Growth Comparison, By Application
5.1.2. Basis Point Share (BPS) Analysis, By Application
5.2. Market Forecast By Application
5.2.1. Meat and Seafood
5.2.1.1. Absolute $ Opportunity
5.2.1.2. Market Value Forecast, By Region
5.2.2. Sauces
5.2.2.1. Absolute $ Opportunity
5.2.2.2. Market Value Forecast, By Region
5.2.3. Dairy
5.2.3.1. Absolute $ Opportunity
5.2.3.2. Market Value Forecast, By Region
5.2.4. Pet Foods & Treats
5.2.4.1. Absolute $ Opportunity
5.2.4.2. Market Value Forecast, By Region
5.2.5. Others (Snacks and Bakery and Confectionery)
5.2.5.1. Absolute $ Opportunity
5.2.5.2. Market Value Forecast, By Region
5.3. Players/Users of Liquid smoke
5.4. Market Attractiveness Analysis, By Application
5.5. Prominent Trends
6. Global Market Analysis, By Region
6.1. Introduction
6.1.1. Y-o-Y Growth Projections, By Region
6.1.2. Basis Point Share (BPS) Analysis, By Region
6.2. Market Forecast By Region
6.2.1. North America Market Value Forecast
6.2.2. Latin America Market Value Forecast
6.2.3. Asia Pacific Excl. Japan Market Value Forecast
6.2.4. Western Europe Market Value Forecast
6.2.5. Eastern Europe Market Value Forecast
6.2.6. Middle East & Africa Market Value Forecast
6.2.7. Japan Market Value Forecast
6.3. Key Regulations
6.4. Regional Attractiveness Analysis
7. North America Market Analysis
7.1. Introduction
7.1.1. Y-o-Y Growth Projections, By Country
7.1.2. Basis Point Share (BPS) Analysis, By Country
7.2. North America Market Forecast
7.2.1. Market Value Forecast By Country
7.2.1.1. U.S. Absolute $ Opportunity
7.2.1.2. Canada Absolute $ Opportunity
7.2.2. Market Value Forecast By Application
7.2.2.1. Meat and Seafood
7.2.2.2. Sauces
7.2.2.3. Dairy
7.2.2.4. Pet Food & Treats
7.2.2.5. Others
7.2.3. Market Attractiveness Analysis
7.2.3.1. By Country
7.2.3.2. By Application
7.2.4. Drivers & Restraints: Impact Analysis
8. Latin America Market Analysis
8.1. Introduction
8.1.1. Y-o-Y Growth Projections, By Country
8.1.2. Basis Point Share (BPS) Analysis, By Country
8.2. Latin America Market Forecast
8.2.1. Market Value Forecast By Country
8.2.1.1. Mexico Absolute $ Opportunity
8.2.1.2. Brazil Absolute $ Opportunity
8.2.1.3. Rest of Latin America Absolute $ Opportunity
8.2.2. Market Value Forecast By Application
8.2.2.1. Meat and Seafood
8.2.2.2. Sauces
8.2.2.3. Dairy
8.2.2.4. Pet Food & Treats
8.2.2.5. Others
8.2.3. Market Attractiveness Analysis
8.2.3.1. By Country
8.2.3.2. By Application
8.2.4. Drivers & Restraints: Impact Analysis
9. Western Europe Market Analysis
9.1. Introduction
9.1.1. Y-o-Y Growth Projections, By Country
9.1.2. Basis Point Share (BPS) Analysis, By Country / Region
9.2. Western Europe Market Forecast
9.2.1. Market Value Forecast By Country/Region
9.2.1.1. EU 5 Absolute $ Opportunity
9.2.1.2. Nordic Absolute $ Opportunity
9.2.1.3. BENELUX Absolute $ Opportunity
9.2.1.4. Rest of Western Europe Absolute $ Opportunity
9.2.2. Market Value Forecast By Application
9.2.2.1. Meat and Seafood
9.2.2.2. Sauces
9.2.2.3. Dairy
9.2.2.4. Pet Food & Treats
9.2.2.5. Others
9.2.3. Market Attractiveness Analysis
9.2.3.1. By Country
9.2.3.2. By Application
9.2.4. Drivers & Restraints: Impact Analysis
10. Eastern Europe Market Analysis
10.1. Introduction
10.1.1. Y-o-Y Growth Projections, By Country / Region
10.1.2. Basis Point Share (BPS) Analysis, By Country / Region
10.2. Eastern Europe Market Forecast
10.2.1. Market Value Forecast By Country/Region
10.2.1.1. Russia Absolute $ Opportunity
10.2.1.2. Poland Absolute $ Opportunity
10.2.1.3. Rest of Eastern Europe Absolute $ Opportunity
10.2.2. Market Value Forecast By Application
10.2.2.1. Meat and Seafood
10.2.2.2. Sauces
10.2.2.3. Dairy
10.2.2.4. Pet Food & Treats
10.2.2.5. Others
10.2.3. Market Attractiveness Analysis
10.2.3.1. By Country
10.2.3.2. By Application
10.2.4. Drivers & Restraints: Impact Analysis
11. APEJ Market Analysis
11.1. Introduction
11.1.1. Y-o-Y Growth Projections, By Country / Region
11.1.2. Basis Point Share (BPS) Analysis, By Country / Region
11.2. APEJ Market Forecast
11.2.1. Market Value Forecast By Country/Region
11.2.1.1. China Absolute $ Opportunity
11.2.1.2. India Absolute $ Opportunity
11.2.1.3. ASEAN Absolute $ Opportunity
11.2.1.4. ANZ Absolute $ Opportunity
11.2.1.5. Rest of APEJ Absolute $ Opportunity
11.2.2. Market Value Forecast By Application
11.2.2.1. Meat and Seafood
11.2.2.2. Sauces
11.2.2.3. Dairy
11.2.2.4. Pet Food & Treats
11.2.2.5. Others
11.2.3. Market Attractiveness Analysis
11.2.3.1. By Country
11.2.3.2. By Application
11.2.4. Drivers & Restraints: Impact Analysis
12. Japan Market Analysis
12.1. Introduction
12.1.1. Y-o-Y Growth Projections, By Country / Region
12.1.2. Basis Point Share (BPS) Analysis, By Country / Region
12.2. Japan Market Forecast
12.2.1. Market Value Forecast By Country/Region
12.2.2. Market Value Forecast By Application
12.2.2.1. Meat and Seafood
12.2.2.2. Sauces
12.2.2.3. Dairy
12.2.2.4. Pet Food & Treats
12.2.2.5. Others
12.2.3. Market Attractiveness Analysis
12.2.3.1. By Country
12.2.3.2. By Application
12.2.4. Drivers & Restraints: Impact Analysis
13. Middle East & Africa Market Analysis
13.1. Introduction
13.1.1. Y-o-Y Growth Projections, By Country / Region
13.1.2. Basis Point Share (BPS) Analysis, By Country / Region
13.1.3. Key Trends
13.2. Middle East & Africa Market Forecast
13.2.1. Market Value Forecast By Country/Region
13.2.1.1. GCC Absolute $ Opportunity
13.2.1.2. N. Africa Absolute $ Opportunity
13.2.1.3. S. Africa Absolute $ Opportunity
13.2.1.4. Rest of MEA Absolute $ Opportunity
13.2.2. Market Value Forecast By Application
13.2.2.1. Meat and Seafood
13.2.2.2. Sauces
13.2.2.3. Dairy
13.2.2.4. Pet Food & Treats
13.2.2.5. Others (Snacks and Sauces)
13.2.3. Market Attractiveness Analysis
13.2.3.1. By Country
13.2.3.2. By Application
13.2.4. Drivers & Restraints: Impact Analysis
14. Competition Landscape
14.1. Company Profiles
14.1.1. Azelis SA
14.1.1.1. Overview
14.1.1.2. Key Strategy
14.1.1.3. Key Developments
14.1.2. Besmoke
14.1.3. FRUTAROM Savory Solutions GmbH
14.1.4. Red Arrow International LLC
14.1.5. Redbrook Ingredient Services Ltd
14.1.6. MSK Specialist Ingredients
14.1.7. Kerry, Inc.
15. Liquid Smoke Market: Industry Survey Analysis
15.1. Executive Summary
15.2. Research Methodology
15.3. Survey Analysis on Respondents for Liquid Smoke
15.3.1. Survey/Research on Consumer Preference for USDA Certified Organic Liquid Smoke Product
15.3.2. Survey/Research on USDA Certified Liquid Smoke Demand in North America
15.3.3. Survey/Research on Demand for Liquid Smoke in Various Regions
15.3.4. Survey/Research on Demand for Liquid Smoke in Different Applications
15.3.5. Survey/Research on Increase in Demand for Liquid Smoke in the Respective Years
15.3.6. Survey/Research of Consumer Preferences for Various Flavours of Liquid Smoke
15.3.7. Survey/Research on Customers of Liquid Smoke
15.3.8. Survey/Research on Drivers, Restraints and Trends

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report