LAMEA 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
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Market Report Description
The Latin America, Middle East and Africa Liquid Smoke Market would witness market growth of 10.66% CAGR during the forecast period (2021-2027).
Liquid Smoke products that do not grill or roast food products, help in improving the shelf life of these products along with adding a different flavor to it. Additionally, the customers of Brazil are increasing their expenditure on liquid smoke products due to the rising purchasing power of the working-class population.
The availability of packaged commodities like condiments, sauces and flavorants has increased due to the advancements in retail facilities. Food has become easier than ever to reach by the virtue of free home delivery and various promotional offers that has also led to the growth of the liquid smoke market.
There is limited availability of Liquid Smoke in South Africa and simultaneously smoked food is getting increasingly popular in the region. In addition, Middle East region is the among the highest consumer of red meat across the world, which creates lucrative opportunities for the key market players in the region. Liquid smoke can be supplemented during cooking or even to prepare and processed meals to effortlessly add a smoky flavour. It is produced from original wood chips and consists of no synthetic flavours or colours.
The Brazil market dominated the LAMEA Sauces/ marinades Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $281.7 Thousands by 2027. The Argentina market is anticipated to grow a CAGR of 12.5% during (2021 - 2027). Additionally, The UAE market would witness a CAGR of 11.1% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Liquid Smoke Market is Predict to reach $109.43 million by 2027, at a CAGR of 9.70%
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:
- Sauces/ marinades
- Bakery/ Confectionery
- Other Application
- Mesquite and
- Other Types
By Distribution Channel
- Hypermarkets/ Supermarkets
- Convenience Stores
- E-commerce and
- Other Distribution Channel
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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, Inc.
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