According to the latest report by IMARC Group, titled “Smoke Ingredients Market by Type (Hickory, Mesquite, Applewood, and Others), Form (Liquid, Powder, and Others), Application (Dairy, Bakery and Confectionery, Meat and Seafood, Snacks and Sauces), and Region 2023-2028,” the global smoke ingredients market size reached US$ 72.70 Million in 2022. Smoke ingredients are compounds used to impart a smoky flavor to food products without the need for conventional smoking methods. These ingredients are often used to enhance the flavor and color of products in the food industry. Smoke ingredients are typically made by burning wood or other materials, such as coconut shells or sawdust, to produce smoke, which is then captured and condensed into a liquid or powder form. They offer a long shelf life, low carbon emissions, and cause less degradation of equipment as compared to traditional smoke. As a result, smoke ingredients are commonly used in processed foods, such as sausages, bacon, and jerky, as well as barbecue sauces and marinades. There are available in various flavors, such as hickory, mesquite, and applewood.
Global Smoke Ingredients Market Trends:
The rising popularity of conventional cooking methods, such as grilling and roasting, which provide a smoky and woody flavor to the final product, represents the key factor driving the global smoke ingredients market growth. Besides this, the increasing use of smoke powder as a dry rub on ribs, chicken, and other meat products is contributing to the market growth. Moreover, the widespread demand for barbeque sauces made from cider and vinegar due to their convenience is creating a positive outlook for the market. Concurrent with this, the escalating health consciousness among consumers and their preference for authentic foods are presenting remunerative growth opportunities for the market. In addition to this, the rising consumption of smoked food products due to their high nutritional value and natural woody aroma is aiding in market expansion. Furthermore, rapid urbanization, changing dietary habits, and inflating disposable incomes of individuals are favoring the market growth. Apart from this, the bolstering growth of the food and beverage (F&B) industry, the thriving food service sector, and easy product availability through online and offline distribution channels, are strengthening the market growth. Looking forward, the market value is projected to reach US$ 103.38 Million by 2028, expanding at a CAGR of 6.10% during 2023-2028.
- On the basis of the type, the market has been segregated into hickory, mesquite, applewood, and others.
- Based on the form, the market is categorized into liquid, powder, and others.
- On the basis of the application, the market has been classified into dairy, bakery and confectionery, meat and seafood, and snacks and sauces.
- Based on the region, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has also been examined, with some of the key players being Azelis Holding S.A, B&G Foods Inc., Besmoke Ltd, Essentia Protein Solutions, International Flavors & Fragrances Inc., Kerry Group plc, Lallemand Inc., etc.
|Base Year of the Analysis
||Hickory, Mesquite, Applewood, Others
||Liquid, Powder, Others
||Dairy, Bakery and Confectionery, Meat and Seafood, Snacks and Sauces
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Azelis Holding S.A, B&G Foods Inc., Besmoke Ltd, Essentia Protein Solutions, International Flavors & Fragrances Inc., Kerry Group plc, Lallemand Inc., etc.
||10% Free Customization
|Report Price and Purchase Option
||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support
||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800