The North America Liquid Smoke Market is expected to 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 is expected to 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 is expected to 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 is expected to 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.
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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Table of Contents
Companies Mentioned
- 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.
Methodology
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