Outlook on the Liquid Smoke Global Market to 2027 - Featuring Azelis Holdings, Colgin and PS Seasoning Among Others - ResearchAndMarkets.com

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DUBLIN, January 27, 2022--(BUSINESS WIRE)--The "Global Liquid Smoke Market By Application, By Type, By Distribution Channel, By Regional Outlook, Industry Analysis Report and Forecast, 2021 - 2027" report has been added to ResearchAndMarkets.com's offering.

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.

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.

Liquid smoke is a red to yellow colored liquid, which is a flavoured water-soluble alternative for cooking food with wood smoke. It is a natural byproduct of burning wood. When a wood is burnt, it produces smoke, steam, and water vapour, which is condensed through coiled tubing to capture the smoke. This liquid is then processed & purified into a thick liquid to eliminate its impurities like ash and soot. Further, it can also be used to flavour meats and vegetables.

Liquid smoke is produced on commercial basis for the US and European meat sector and is also regulated by the governments of the respective countries. Another name for liquid smoke is wood vinegar and it is produced domestically in Indonesia, Malaysia, Japan, Brazil, Southeast Asia and China.

There are many companies like Wright's liquid smoke, which are introducing new innovations in liquid smoke to maintain the interest of customers in using liquid smoke. In additions, there are many food joints and restaurants, which are using liquid smoke in their dishes to add a smoky flavor to it. There is a rise in the consumption of liquid smoke in the households of various developed nations due to the customer inclinations towards smoked food items.

COVID-19 Impact Analysis

The COVID-19 pandemic had a significant impact on the growth of the Liquid Smoke Market. Whilst the pandemic, lockdowns were announced that hindered the manufacturing industries. The restaurants were also not able to open their outlet, which leads to a loss in demand as well as revenue. As a consequence, production capacity took a hit and decreased which detrimentally impacted the development of the Liquid Smoke Market.

The sudden lockdowns, hoarding exercises and budget cuts have negatively impacted the consumption of Liquid Smoke since it was not in the priority for most households. Restaurants were shut down and many went out of business, which negatively impacted the demand for the condensate product. Cooking for comfort became a luxury when the world was trying to have balanced meals to boost their immunity. Liquid Smoke remained as a backburner for chefs and dilettantes, but other than that most of its consumers focused on more essential products, which caused a great dip in the consumption of liquid smoke.

Market Growth Factors:

Cost Efficiency and Environment Friendly

The reduction in the cost of production that is caused by the increasing acceptance of liquid smoke equipment within leading players is estimated to provide lucrative opportunities to the liquid smoke market players. Since environmental conditions are constantly changing, the conventional form of barbeque for smoking is becoming less popular. By using liquid smoke, customers don't need to set up barbeque in their garden, which reduces their overall cost.

Growing demand and introduction of new flavors in the market

Customers are getting familiar with liquid smoking products that are leading to the expansion of flavor palette in the food and beverage industry. Several food restaurants are widely using liquid smoke to prepare some unique drinks as well as food products. Furthermore, several manufacturers are highly investing in the research and development activities to make new flavors of liquid smoke that can attract more customers.

Market Restraining Factor:

Health effects of using liquid smoke

Smoke in any form is a controversial ingredient since it contains various chemical compounds that can be very dangerous for the human health. Some studies suggested that liquid smoke contain cancer-causing chemicals, which is totally depend on the type of wood used in making the liquid as well as the condition of processing it. Several food safety organizations across different parts of the world are issuing guidelines to the liquid smoke manufacturers to label their products describing their composition.

Key Topics Covered:

Chapter 1. Market Scope & Methodology

Chapter 2. Market Overview

2.1 Introduction

2.1.1 Overview

2.1.2 Market Composition and Scenario

2.2 Key Factors Impacting the Market

2.2.1 Market Drivers

2.2.2 Market Restraints

Chapter 3. Global Liquid Smoke Market by Application

3.1 Global Meat Market by Region

3.2 Global Sauces/ marinades Market by Region

3.3 Global Seafood Market by Region

3.4 Global Bakery/ Confectionery Market by Region

3.5 Global Other Applications Market by Region

Chapter 4. Global Liquid Smoke Market by Type

Chapter 5. Global Liquid Smoke Market by Distribution Channel

Chapter 6. Global Liquid Smoke Market by Region

Chapter 7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/hjx13z

View source version on businesswire.com: https://www.businesswire.com/news/home/20220127005601/en/

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