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NEW YORK , May 18, 2022 /PRNewswire/ -- The Dumplings Market value is set to grow by USD 4.01 billion , progressing at a CAGR of 7.32% from 2020 to 2025, as per the latest report by Technavio. The report is segmented by filling (non-vegetarian filling and vegetarian filling) and geography (APAC, Europe , North America , South America , and MEA).
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The report analyzes the market's competitive landscape and offers information on several market vendors, including:
The dumplings market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.
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53% of the market's growth will originate from APAC during the forecast period. China , Japan , and South Korea (Republic of Korea) are the key markets for dumplings market in APAC. Market growth in this region will be faster than the growth of the market in all other regions. Rising urbanization, changing lifestyles, and increasing demand for convenience foods will facilitate the dumplings market growth in APAC over the forecast period.
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The dumplings market share growth by the non-vegetarian filling segment will be significant during the forecast period. The dumplings market share growth by the non-vegetarian filling segment will be significant during the forecast period. Meat is the most common stuffing used in dumplings. The most popular meat fillings are pork, chicken, seafood, beef, and lamb. The demand for pork dumplings is the highest in China , but pork dumplings are also consumed in many countries. Chicken is another popular choice for dumpling filling. The rise in demand for dumplings with the non-vegetarian filling will positively impact the segment growth during 2021-2025. This report provides an accurate prediction of the contribution of all the segments to the growth of the dumplings market size.
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The report also covers the following areas:
The several dumpling varieties is a major factor driving the global dumplings market growth. Dumplings are prepared all over the world in different forms. Almost every region has its own version of dumplings in different shapes, sizes, flavors, and fillings. They are consumed as appetizers and in the main course. In Asia , dumplings are commonly prepared in countries such as China , Japan , India , Indonesia , the Philippines , and South Korea . In China , dumplings were introduced eons ago. These product varieties are available in different flavors and fillings that have varying nutritional value. In North America , tortilla dumplings, chicken dumplings, strawberry dumplings, ham dumplings, and others are available. In Europe , dumplings like Gnocchi, Kartoffelknoedel, Khinkali, Ravioli, Pitepalts, and others are very popular. In addition, some varieties of dumplings are available in different flavors. Gujia, Tangyuan, Dango, Yomari are some of the sweet dumplings. These products are easily available across most retail channels. Due to such varieties, the demand for the market will continue to grow during the forecast period.
The rising product recalls will be a major challenge for the global dumplings market share growth during the forecast period. There are frequent product recalls in the food and beverage industry due to the improper handling of raw materials or supplies, as it can affect the safety and quality of finished products. Food regulatory and compliance authorities in any country have the right to shut down a business and recall its products from the market if these products pose a threat to the well-being of consumers. Product recalls severely impact the brand image as well as the operations and sales of a company. Consumers are very conscious about the brand image of products that they purchase, as any negligence will affect their health and well-being. For instance, in February 2019 , several pork meat-based dumpling products of China s Sanquan Food Co. Ltd. (Sanquan Food) were tested positive for the African Swine virus, post which the company announced the recall of its several products. Product recalls can lead to significant financial setbacks for vendors and impact their brand images. Therefore, product recalls can limit the growth of the market during the forecast period.
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Dumplings Market 2021-2025: Key Highlights
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Accelerate at a CAGR of 7.32%
APAC, Europe, North America, South America, and MEA
China, Russian Federation, US, Japan, and South Korea (Republic of Korea)
Leading companies, competitive strategies, consumer engagement scope
Ajinomoto Co. Inc., Charoen Pokphand Foods Plc, CJ CheilJedang Corp., General Mills Inc., Hakka PTY Ltd., InnovAsian Cuisine Enterprises Inc., NH Foods Ltd., Sanquan Food Co. Ltd., Wayfong LLC, and Wei-Chuan USA Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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