The global smoke ingredients market size reached US$ 72.70 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 103.38 Million by 2028, exhibiting a growth rate (CAGR) of 6.10% during 2023-2028. The growing demand for smoked food products, rising health consciousness among the masses, and the increasing adoption of traditional methods of cooking represent some of the key factors driving the market.
Smoke ingredients are flavoring agents manufactured by burning wood chips, collecting the smoke, and condensing it into a liquid substance. They comprise various flavors, such as hickory, mesquite, and applewood, and can be applied via atomization, immersion, internal addition, injection, spray, marination, direct application, pretreated casings, and on contact surfaces like conveyor belts. They are used as a flavor additive in several food products, such as commercial barbecue sauces, marinades, and barbecue-flavored foods. They are employed to provide smoky flavor to various food products without having to use actual wood smoke. They can facilitate and standardize the smoking process and enhance microbiological safety while reducing production costs. They also offer a long shelf life, emit low carbon footprints, and cause less degradation of equipment as compared to traditional smoke. As a result, smoke ingredients are widely utilized in meat, fish and seafood, sauces and condiments, ready meals, bakery and dairy products, chocolates, sweets, ice cream, and beverages.
At present, the increasing adoption of conventional methods of cooking, such as grilling and roasting, as it is healthy and caters a rich smoke aroma and woody flavor to the final product represents one of the primary factors strengthening the growth of the market. Besides this, there is a rise in the use of smoke powder as a dry rub on ribs, chicken, and other meat products across the globe. This, along with the growing demand for smoke ingredients due to the convenience of using these products, is positively influencing the market. In addition, the rising utilization of smoke ingredients with cider and vinegar to produce barbeque sauces is offering lucrative growth opportunities to key players and industry investors. Moreover, the wide availability of smoke ingredients through online and offline distribution channels, coupled with the thriving e-commerce industry across the globe, is propelling the growth of the market. Apart from this, the growing consumption of smoked food products as they are highly nutritious and contain rich proteins with a natural woody aroma is offering a positive market outlook. Additionally, the rising health consciousness among the masses and changing preferences of consumers toward authentic foods are bolstering the growth of the market.
IMARC Group provides an analysis of the key trends in each segment of the global smoke ingredients market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on type, form, and application.
The report has provided a detailed breakup and analysis of the smoke ingredients market based on the type. This includes hickory, mesquite, applewood, and others.
A detailed breakup and analysis of the smoke ingredients market based on the form has also been provided in the report. This includes liquid, powder, and others.
A detailed breakup and analysis of the smoke ingredients market based on the application has also been provided in the report. This includes dairy, bakery and confectionery, meat and seafood, and snacks and sauces.
The report has also provided a comprehensive analysis of all the major regional markets that include 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 the Middle East and Africa. According to the report, Asia Pacific was the largest market for smoke ingredients. Some of factors driving the Asia Pacific smoke ingredients market included the growing demand for smoked foods, increasing number of chain restaurants, changing preferences of consumers towards authentic food products, etc.
The report has also provided a comprehensive analysis of the competitive landscape in the global smoke ingredients market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies include Azelis Holding S.A, B&G Foods Inc., Besmoke Ltd, Essentia Protein Solutions, International Flavors & Fragrances Inc., Kerry Group plc, Lallemand Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
|Base Year of the Analysis||2022|
|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$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|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)|
The global smoke ingredients market was valued at US$ 72.70 Million in 2022.
We expect the global smoke ingredients market to exhibit a CAGR of 6.10% during 2023-2028.
The rising demand for authentic food products, along with the increasing utilization of smoke ingredients in meat, fish, sauces, condiments, etc., as they offer a long shelf life, emit low carbon footprints, cause less degradation of equipment, etc., is primarily driving the global smoke ingredients market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of smoke ingredients.
Based on the form, the global smoke ingredients market has been divided into liquid, powder, and others. Among these, liquid currently exhibits a clear dominance in the market.
Based on the application, the global smoke ingredients market can be categorized into dairy, bakery and confectionery, meat and seafood, and snacks and sauces. Currently, meat and seafood accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global smoke ingredients market include Azelis Holding S.A, B&G Foods Inc., Besmoke Ltd, Essentia Protein Solutions, International Flavors & Fragrances Inc., Kerry Group plc, Lallemand Inc., etc.
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