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 2024-2032,” the global smoke ingredients market size reached US$ 77.1 Million in 2023. 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$ 124.7 Million by 2032, expanding at a CAGR of 5.33% during 2024-2032.
Market Summary:
- 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.
Report Scope:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Million |
Types Covered |
Hickory, Mesquite, Applewood, Others |
Forms Covered |
Liquid, Powder, Others |
Applications Covered |
Dairy, Bakery and Confectionery, Meat and Seafood, Snacks and Sauces |
Regions Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
Azelis Holding S.A, B&G Foods Inc., Besmoke Ltd, Essentia Protein Solutions, International Flavors & Fragrances Inc., Kerry Group plc, Lallemand Inc., etc. |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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