Market Overview

The Global Smoke Ingredients Market was valued at USD 81.2 million in 2023 and is expected to reach USD 128.5 million by 2031 while growing at a CAGR of 5.9% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global smoke ingredients market growth. Smoke ingredients, used in the food industry, provide a smoky flavor without traditional smoking methods. These substances replicate the distinctive taste associated with smoked foods for modern convenience.

Increasing demand for processed and convenience foods, coupled with the expansion of the food processing industry, drives the growth of the smoke ingredients market. However, obstacles such as health concerns, regulatory challenges, and the rise in health-conscious consumer trends may hinder market expansion.

Furthermore, the global smoke ingredients industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Foam Analysis

The Global Smoke Ingredients Market is segmented among Liquid, Powder, and Other Foams, based on Foam. In 2023, Liquid accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Application Analysis

The Global Smoke Ingredients Market is segmented among Dairy, Bakery and Confectionery, Meat and Seafood, Snacks and Sauces, based on Application. In 2023, Meat and Seafood accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Smoke Ingredients Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Kerry Group, Besmoke Ltd, Azelis Holdings, International Flavors & Fragrances Inc., Essentia Protein Solutions, Stringer Flavours Ltd, B&G Foods, MSK Ingredients Ltd, FlavourStream SRL, and Henning Gesellschaft für Nahrungsmitteltechnik GmbH.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Smoke Ingredients Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Smoke Ingredients Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Smoke Ingredients Market Segmentation, By Foam

• Global Smoke Ingredients Market Share Analysis, By Foam

• Global Smoke Ingredients Market Growth Analysis, By Foam

• Global Smoke Ingredients Market Trends, By Foam

o Liquid

o Powder

o Other Foams

6. Global Smoke Ingredients Market Segmentation, By Application

• Global Smoke Ingredients Market Share Analysis, By Application

• Global Smoke Ingredients Market Growth Analysis, By Application

• Global Smoke Ingredients Market Trends, By Application

o Dairy

o Bakery and Confectionery

o Meat and Seafood

o Snacks and Sauces

7. Global Smoke Ingredients Market Segmentation, By Region

• Global Smoke Ingredients Market Share Analysis, By Region

• Global Smoke Ingredients Market Growth Analysis, By Region

• Global Smoke Ingredients Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Kerry Group*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Besmoke Ltd

• Azelis Holdings

• International Flavors & Fragrances Inc.

• Essentia Protein Solutions

• Stringer Flavours Ltd

• B&G Foods

• MSK Ingredients Ltd

• FlavourStream SRL

• Henning Gesellschaft für Nahrungsmitteltechnik GmbH          

 *Similar analysis will be provided for each company listed above.