Europe Liquid Smoke Market By Application (Meat, Sauces/ marinades, Seafood, Bakery/ Confectionery, and Other Application), By Type (Hickory, Applewood, Mesquite and Other Types), By Distribution Channel (Hypermarkets/ Supermarkets, Convenience Stores, E-commerce and Other Distribution Channel), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
The Europe Liquid Smoke Market would witness market growth of 9.42% CAGR during the forecast period (2021-2027).
Liquid smoke products are becoming very popular in the UK and Germany since they bring great flavor and aroma to the meat products that were conventionally made with smoking wood technique. Moreover, consumers are shifting towards purchasing superior smoked food products comprising sausages and smoked salmon, which is making the traditional methods obsolete in these regions.
Factors like increase in consumption of processed meat and vegetables, high adoption & consumption of smoked food products due to the interchange of food culture by the means of tourism and social media are among the key aspects fueling the growth of the liquid smoke market.
The consumption of meat across various European countries is constantly increasing. The meat consumption per person in a year is high in countries including Austria, Spain, Luxembourg, Denmark, and Portugal. The consumption of liquid smoke is a substantial issue regarding smoked fish in front of the CCFFP (Codex Committee on Fish and Fishery Products). Objections were raised by The European Union upon the inclusion of liquid smoke in the smoked fish standard so the committee stands deadlocked.
The Germany market dominated the Europe Seafood Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2.04 million by 2027. The UK market would witness a CAGR of 7.8% during (2021 - 2027). Additionally, The France market is experiencing a CAGR of 10.2% during (2021 - 2027).
Based on Application, the market is segmented into Meat, Sauces/ marinades, Seafood, Bakery/ Confectionery, and Other Application. Based on Type, the market is segmented into Hickory, Applewood, Mesquite and Other Types. Based on Distribution Channel, the market is segmented into Hypermarkets/ Supermarkets, Convenience Stores, E-commerce and Other Distribution Channel. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report 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, and Baumer Foods, Inc.
Scope of the Study
Market Segments covered in the Report:
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