According to a new report Global Liquid Smoke Market, published by KBV research, The Global Liquid Smoke Market size is expected to reach $109.43 million by 2027, rising at a market growth of 9.70% CAGR during the forecast period.
The Seafood market is expected to witness a CAGR of 9.1% during (2021 - 2027). Smoked seafood like fish is usually prepared in a commercial smoker or a homemade outdoor barbeque. Liquid smoke is a way to give fish or other seafood a smoky flavor without actually smoking it from traditional methods. Baking or grilling the fish after applying the liquid smoke is becoming very popular among people living in the coastal areas. This would further accelerate the growth of the segment.
The Applewood market is expected to witness a CAGR of 10.1% during (2021 - 2027). As applewood liquid smoke is best for its usage in beef, lamb, pork (especially ham), game birds, poultry and some seafood. It is all-natural, gluten-free, kosher, no salt, no fat, no artificial colours and contain only 2 calories per serving. It provides a slow-smoked flavour in just few minutes, and is ideal for barbecuing meats, poultry and vegetables.
The E-commerce market is expected to witness a CAGR of 9.3% during (2021 - 2027). It is due to the shifting preference of the customers towards buying goods from online platforms. An e-commerce refers to a business model that allows corporations and individuals to trade commodities over the internet. Through e-commerce platforms, customers can directly search liquid smoke, compare prices & discounts on different sites and get it at their door step, which would fuel the demand for liquid smoke via e-commerce distributing channel.
The Europe market dominated the Global Liquid Smoke Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $42.16 million by 2027, growing at a CAGR of 9.4 % during the forecast period. The Asia Pacific market is expected to witness a CAGR of 11% during (2021 - 2027). Additionally, The North America market is expected to witness a CAGR of 8.7% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/liquid-smoke-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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