Asia-Pacific Liquid Smoke Market Databank
The Liquid Smoke market was valued at $56,120.0 Million in 2020, and is projected to reach $130,579.2 Million by 2029 growing at a CAGR of 9.90% from 2021 to 2029. Meat Products segment is expected to be the highest contributor to this market, with $18,022.6 Million in 2020, and is anticipated to reach $41,903.8 Million by 2029, registering a CAGR of 9.89%. Dairy Products segment is anticipated to reach $25,948.3 Million by 2029 with the highest CAGR of 9.99%. Meat Products and Sauces segments collectively expected to account for about 56.1% share of the Liquid Smoke market in 2020, with the former constituting around 32.1% share. Dairy Products and Pet Food segments are expected to witness significant growth rates at a CAGR of 9.99% and 9.99% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 31.7% in the overall Liquid Smoke market in 2020, and is anticipated to reach 31.9% by 2029.
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