North America Liquid Smoke Market

North America 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

Report Id: KBV-7276 Publication Date: January-2022 Number of Pages: 70
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Market Report Description

The North America Liquid Smoke Market would witness market growth of 8.68% CAGR during the forecast period (2021-2027).

Liquid smoke is made up of compounds that evaporate from the heated reactor via pyrolysis (heat decomposition) and precipitate in the cooling system at the same time. Bio-oil, biofuel oil, bio-crude oil, wood oil, wood liquid, wood vinegar, pyrolysis oil, pyroligneous tar, and pyroligneous acid are some other names used to describe liquid smoke. Organic acids, phenol derivatives, and carbonyl are the major components of liquid smoke.

In the last few years, there has been a rise in the expenditure on the usage of liquid smoke as functional ingredients by manufacturing various poultry products, sauces, seafood, meats, slices of bread, cracker and seasonings.

The Canadian Food Inspection Agency (CFIA) has issued some mandates for the liquid smoke manufacturers to labels the edible meat products as ‘naturally smoked’, ‘smoked’ and ‘smoke flavor’ to ensure that customers get this information for their further usage. In addition, the high popularity and increase in the number of fast-food chains like Burger King that offer various grilled chicken products would augment the growth of the regional liquid smoke market over the forecast period.

The USA market dominated the North America Meat Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $8.38 million by 2027. The Canada market is expected to witness a CAGR of 8.5% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 10.6% 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 U.S., Mexico, Canada, and Rest of North America.

Free Valuable Insights: The Global Liquid Smoke Market is Estimated to Reach USD 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:

By Application

  • Meat
  • Sauces/ marinades
  • Seafood
  • Bakery/ Confectionery
  • 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

  • US
  • Canada
  • Mexico
  • Rest of North America

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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