Report

The Global Liquid Smoke Market Revenue Was Us$ 72953.02 Thousand In 2021. The Global Liquid Smoke Market Revenue Is Forecast To Reach Us$ 125,718.5 Thousand By 2030, Growing At A Compound Annual Growth Rate (Cagr) Of 6% During The Forecast Period From 2022 To 2030. The Liquid Smoke Is A Water-Soluble Substance That Adds Or Maintains Food Taste. Liquid Smoke Is Made From Burnt Woods/Chips Of Trees And Is Extensively Used To Flavor And Color Seafood, Meat, Sauces, And Dairy Products Through Various Processes Such As Spraying, Dipping, And Atomizing. Factors Influencing Market Growth Factors Such As Growth In Processed Meat And Vegetable Consumption Drive The Global Liquid Smoke Market Growth. The Pandemic Has Caused People Worldwide To Experiment With New Food And Flavors, Which Has Resulted In A Growth Of The Liquid Smoke Market. Food Purchases Have Become Convenient, And There Are Now Options For Free Home Delivery And Different Marketing Incentives Leading To The Growth Of The Global Liquid Smoke Market. The Perception That Smoked Food Is Unhealthy May Negatively Impact The Liquid Smoke Market Growth. In The Coming Years, The Adoption Of Vegan Smoked Food Will Improve The Odds Of Growth For The Global Liquid Smoke Industry. Impact Analysis Of Covid-19 The Covid-19 Outbreak Has Negatively Impacted The Global Liquid Smoke Market. Globally, Governments Have Announced Partial And Complete Lockdowns In Order To Control The Spread Of The Covid-19 Virus. Consequently, Hotel And Restaurant Closures Decreased The Demand For Liquid Smoke. Also, The Disruption Of The Supply Chain Affected The Product'S Supply. In Addition, Due To Non-Availability Of Raw Materials And Lack Of Labor And Severely Affected The Production Chain Of The Global Liquid Smoke Market. Regional Insights Europe Holds A Substantial Share In The Industry And Is Forecast To Register A Highest Cagr During The Forecast Period. Due To The Rising Revenues Of This Industry, Manufacturers Are Investing In R&D To Boost The Liquid Smoke Market'S Growth. The High Spending Power In This Region Also Contributes To The Market'S Growth. Consumers Have Shifted Their Preferences Towards These Products Over The Past Few Years. Smoky Flavors Are Exact Replicas Of Real Smoke Obtained By Smoking Wood And Can Therefore Hold A Variety Of Uses. During The Forecast Period, Asia Pacific Is Forecast To Grow At The Fastest Rate In The Liquid Smoke Market. The Rise In Purchasing Power, Developing Economies, And Using Liquid Smoke In Numerous Meat Products And Other Recipes Should Drive The Market In This Region. In Addition, The Presence Of Companies Like Kerry, Azelis, And Besmoke Is Driving The Liquid Smoke Market Growth. Leading Competitors The Leading Prominent Companies Profiled In The Global Liquid Smoke Market Are: Azelis S.A. B&G Foods, Incorporated Colgin, Incorporated Kerry Group, Plc Mccormick & Company, Incorporated Msk Ingredient Limited Ps Seasoning Ruitenberg Ingredients B.V. Smoked Flavours Pty Limited Urban Platter Other Prominent Players Scope Of The Report The Global Liquid Smoke Market Segmentation Focuses On Type, Application, Distribution Channel, And Region. Segmentation Based On Type Hickory Mesquite Applewood Others Segmentation Based On Application Meat Seafood, Sauces Marinades Bakery/Confectionery Others Segmentation Based On Distribution Channel Hypermarkets/Supermarkets Convenience Stores E-Commerce Others Segmentation Based On Region North America The U.S. Canada Mexico Europe Western Europe The Uk Germany France Italy Spain Rest Of Western Europe Eastern Europe Poland Russia Rest Of Eastern Europe Asia Pacific China India Japan Australia & New Zealand Asean Rest Of Asia Pacific Middle East & Africa (Mea) Uae Saudi Arabia South Africa Rest Of Mea South America Brazil Argentina Rest Of South America

  • Publish Date: Apr,2022
  • Report ID: QI040
  • Page : 200
  • Report Type : PDF (Email)
The global 3D metrology market revenue was US$ 9.60 billion in 2021. The 3D metrology market revenue is forecast to reach US$ 19.65 billion by 2030, growing at a compound annual growth rate (CAGR) of 9.5% during the forecast period from 2022 to 2030.

A 3D metrology system provides accurate and precise 3D measurement data using advanced technology. In addition, it is the study of physical measurement in a scientific way. It is also known as a precision measurement in general. In its simplest form, 3D metrology can obtain geometrical data of objects in 3 axes (x, y, z). Most measurement results are acquired using a coordinate measuring machine (CMM). It is still possible to use other 3D capture systems as a substitute for 3D metrology. Many industries use 3D metrology for maintaining product quality, including automotive, construction, engineering, aerospace, energy and power, and heavy machinery.

Factors Influencing Market Growth

The global 3D metrology market is forecast to grow due to global automotive sector growth and the increased focus on quality control in manufacturing.
An increase in the demand for higher productivity in electronics manufacturing companies boosts the overall 3D metrology market growth.
The global 3D metrology market may face a negative impact due to a lack of simplified software solutions.
With the emergence of industry 4.0 and significant growth in the aviation industry, the global 3D metrology market will find lucrative opportunities during the forecast period.
Impact Analysis of COVID-19

In response to the COVID-19 pandemic, a partial or complete lockdown was imposed by the government worldwide in order to control the spread of the COVID-19 virus. Consequently, it disrupted the supply chain of manufacturers and made it hard for them to reach end-users. In addition, businesses and manufacturing units across several countries had to close their operations due to labor shortages and a lack of raw materials. As a result, these factors had caused a decrease in global demand, which negatively affected the global market.

Regional Insights

In 2020, North America dominated the global 3D metrology market. The region is forecast to show significant growth during the forecast period. A growing large number of pharmaceutical, automotive, and aerospace equipment manufacturers in the US, rapid automation in automotive manufacturing facilities, and the increasing demand for 3D metrology services contribute to the growth of the global 3D metrology market.

The Asia-Pacific region is forecast to grow substantially during the forecast period. Developing countries such as China, India, and Japan contribute a great deal to the growth of the 3D metrology market. The Asia Pacific region has experienced rapid growth due to the presence of many automotive plants and various manufacturing firms.

Leading Competitors

The leading competitors profiled in the global 3D metrology market are:

3D Digital Corporation
3D Systems Corporation
Applied Materials Incorporated
Automated Precision Incorporated
Carl Zeiss AG
Creaform Incorporated
FARO Technologies Incorporated
Keyence Corporation
Nikon Metrology NV
Perceptron Incorporated
Other Prominent Players
Scope of the Report

The global 3D metrology market segmentation focuses on Product, Application, End-User, and Region.

Segmentation based on Product

Coordinate Measuring Machine (CMM)
Optical Digitizer & Scanner (ODS)
Automated Optical Inspection
Video Measuring Machine (VMM)
Others
Segmentation based on Application

Quality Control & Inspection
Reverse Engineering
Virtual Simulation
Others
Segmentation based on End-User

Electronics
Architecture & Construction
Aerospace & Defense
Industrial
Automotive
Others
Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America