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Liquid Smoke Market Is Expected To Expand At A Cagr Of 6.3% From 2017 To 2025

The purpose of the report is to illustrate the state of the market of Specialty Fats and Oils, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

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Market Insights

Liquid smoke is modern type of food flavoring widely embraced among meat products, poultry, fish, and non-meat foods such as cheese, tofu, etc. Liquid smoke possesses multiple functional properties such as it is used as an antimicrobial in food preservation, which increases its prominence among food industry. Additionally, Food and Development authority (FDA) has approved its status as Generally Regarded as Safe (GRAS) food additive. GRAS food additive imparts flavor and color to food products depending upon its composition of phenol and carbonyl compounds.

The liquid smoke market is witnessing significant growth owing to growing scope and interest of manufacturers in natural antimicrobials to prevent ready-to-eat poultry and meat products from spoilage. The anti-listerial properties of liquid smoke used to retard the formation of lipid oxidation in many meat products is poised to stimulate the market. Moreover, liquid smoke is being used as a formulation ingredient during the mixing of batter so as to eliminate growth of listeria in the initial phase and impart smoky flavor to product.  Other factors such as lower cost involved in utilizing liquid smoke for imparting flavor in comparison to traditional methods, along with lesser environmental impact are also supplementing the market size.

Competitive Insights

Key liquid smoke manufacturers are adopting business expansion strategy by luring distributors with increasing gains to strengthen their partnership across the value chain. Furthermore, ongoing R&D over the various methods of application of liquid smoke in food products such as dripping, surface addition and others has further motivated players to invest heavily on this product. Few key players profiled in the value chain include Red Arrow International LLC, Frutarom Savory Solutions Gmbh, Baumer Food Inc., Ruitenberg Ingredients BV, Kerry Group Plc, MSK Ingredients Ltd., Azelis SA and other notable players.

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Specialty Fats and Oils buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Liquid Smoke contains:

Analysis and forecast of Specialty Fats and Oils market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Specialty Fats and Oils market;

Assessment and forecast of Specialty Fats and Oils market development;

Financial and business profiles of the leading companies in the Specialty Fats and Oils industry.

Scope

– Up to date working Specialty Fats and Oils data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Specialty Fats and Oils for the period 2018 to 2026

– Planned Specialty Fats and Oils additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Specialty Fats and Oils projects by region, key countries, and companies

– Details of major planned Specialty Fats and Oils projects in the world up to 2026

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