Leading Liquid Smoke Country Markets 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. North America is expected to be the highest contributor to this market, with $22,784.7 Million in 2020, and is anticipated to reach $46,628.4 Million by 2029, registering a CAGR of 8.32%. Asia-Pacific is anticipated to reach $36,370.8 Million by 2029 with the highest CAGR of 13.14%. North America and Europe collectively expected to account for about 72.9% share of the Liquid Smoke market in 2020, with the former constituting around 40.6% share. Asia-Pacific and Europe are expected to witness significant growth rates at a CAGR of 13.14% and 9.87% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 53.7% in the overall Liquid Smoke market in 2020, and is anticipated to reach 60.1% by 2029.
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