Alltech

Jan 23, 2023

Major Players Associated British Foods Plc., Dempsey Corporation, Besmoke, MSK, Azelis, FRUTAROM Savory Solutions GmbH, Kerry Ingredients, Redbrook Ingredients Services, B&G Foods, Red Arrow, WIBERG GmbH, Rabar Pty Ltd, ADM, UNIFERM GmbH & Co. K.G., Alltech among others Segmentation Analysis Liquids are expected to be the fastest-growing segment in 2022. The type segment includes oil, liquid, powder and others. The liquid segment is expected to witness the highest growth rate during the forecast period. As a result of characteristics such as high solubility in water and ease of handling, the liquid ingredient segment is predicted to continue to hold the highest share during the forecast period. In addition to their solubility in water, liquid ingredients are most popular among consumers. Liquid smoke ingredients are also used to cover up undesirable odours and flavours. Meat & seafood is expected to be the fastest-growing segment in 2022. The application segment includes pet food, bakery & confectionary, meat & seafood, dairy products, snacks & sauces and others. Meat & seafood is expected to witness the highest growth rate during the forecast period. A significant share of the market is accounted for by meats and seafood, and this trend is expected to continue in the forecast period. An increase in consumption of meat and seafood products, as well as changes in food habits, are key factors that are contributing to this segment's growth. Smoke flavours also enhance the flavour and aroma of sausage, jerky, and other forms of cured meats, as well as shrimp, smoked fish and other seafood products. Regional Analysis            The regional analysis provides a detailed perception of the key regions and the countries. Some of the key countries analyzed for the smoke ingredients for the food market include the US, Canada, Mexico, Germany, France, the U.K., Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa, and Saudi Arabia. The North American region witnessed a major share. There is an increase in consumption of ready-to-eat food products in North America, and due to increased consumer adoption, disposable income in this region and higher demand for processed food in countries in this region, North America holds the largest share of the smoke ingredients market. Country Analysis Germany Germany's smoke ingredients for food market size were valued at USD 53.8 million in 2022 and are expected to reach USD 83.19 million by 2030, at a CAGR of 5.6% from 2023 to 2030. As a result of the growing preference for smoky-flavoured foods in Germany, the market will continue to grow if commercial organizations demand smoke ingredients for food. Similar to the US, the market growth in Germany will rely on commercial organizations. China China’s smoke ingredients for food market size were valued at USD 54.16 million in 2022 and are expected to reach USD 85.6 million by 2030, at a CAGR of 5.9% from 2023 to 2030. Major key players in the country are focusing on improving the quality of the existing ingredients boosting the growth of the market the country. India India's smoke ingredients for food market size were valued at USD 41.6 million in 2022 and are expected to reach USD 65.30 million by 2030, at a CAGR of 5.8% from 2023 to 2030. Market growth is driven by technological advancements in the food processing industry and increasing consumption of products with smoked flavours. Covid-19 Impact Covid-19 had a major impact on almost all industries, such as electronics, semiconductors, manufacturing, automobile, etc. However, several companies operating in the technology sector have seen increased revenue due to significant changes in consumer preferences toward technological services. In addition, the pandemic has led to significant growth in technology across developing and developed countries. Furthermore, the growth of this market is mainly driven owing to the rising demand for smoke-flavoured food among consumers, propelling the growth of the market across the countries. Buy Now Full Report @ https://greyviews.com/checkout/432/single_user_license Contact Us