NEW YORK, Oct. 27, 2023 /PRNewswire/ — The liquid smoke market is estimated to grow by USD 23.4 million from 2022 to 2027, growing at a CAGR of 5.68%. The liquid smoke market is concentrated owing to the presence of many global and regional companies. A few prominent companies that offer liquid smoke are Azelis SA, B and G Foods Inc., Baumer Foods Inc., Bespoke Ltd., Colgin Inc., Istore Direct Trading Pvt. Ltd., Kerry Group Plc, MSK Ingredients Ltd., Ruitenberg Ingredients B.V., Superb Formulations Pvt Ltd, and United Group of Food Consultants. The report provides a full list of key companies, their strategies, and the latest developments. Download Sample before buying
Technavio has announced its latest market research report titled Global Liquid Smoke Market 2023-2027
Company Offering:
Azelis SA – The company offers liquid smoke such as Scansmoke SDM 1010, which is a spray-dried smoke flavour derived from liquid smoke condensate and spray-dried glucose syrup.
B and G Foods Inc. – The company offers liquid smoke such as Wright Hickory Flavored Liquid Smoke, and Wright Applewood.
Baumer Foods Inc. – The company offers liquid smoke such as Figaro Hickory Liquid Smoke.
For details on companies and their offerings – Buy the report!
By Geography, the market is classified as Europe, North America, APAC, South America, and Middle East and Africa. North America will have the largest share of the market.
North America is estimated to account for 37% of the global market during the forecast period. Another region offering significant growth opportunities to vendors is Europe. In Europe, growing health awareness among consumers and the healthy living trend have increased the demand for liquid smoke. However, the rising number of organized retail outlets in the region offering liquid smoke and the increasing demand for liquid smoke among European consumers, owing to its health advantages, such as low-fat content, will boost the regional liquid smoke market during the forecast period.
Download a sample report to get more insights on the market share of various regions and the contribution of the segments.
Impactful driver- Increasing number of organized retail outlets
Key Trend – Online retailing
Major Challenges – The distribution challenges
Market Segmentation
The market share growth by the offline segment will be significant during the forecast period. The offline distribution channel generates revenue from sales of products in hypermarkets, supermarkets, clubhouse stores, department stores, and independent retailers. However, with consumers increasingly preferring online shopping, revenue in this segment has decreased. To survive in a competitive market, retailers are adopting new business and retail strategies such as better pricing and more comprehensive assortments.
Technavio Research experts have provided more insights on the market share of segments – View Sample Report
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Liquid Smoke Market Scope |
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Report Coverage |
Details |
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Historic period |
2017-2021 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.68% |
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YoY growth 2022-2023 (%) |
5.25 |
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Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
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Key countries |
US, China, UK, Germany, and France |
TOC:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Technavio Research
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Email: [email protected]
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SOURCE Technavio
