Dublin, Nov. 05, 2024 (GLOBE NEWSWIRE) -- The "Europe Oyster Sauce Market Size, Share & Trends Analysis, 2024-2031" report has been added to ResearchAndMarkets.com's offering.
The Europe Oyster Sauce Market is expected to witness market growth of 11.9% CAGR during the forecast period, 2024-2031. In the year 2021, the Europe market's volume surged to 129,313.2 tonnes, showcasing a growth of 10.8% (2020-2024).
The German market dominated the Europe Oyster Sauce Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.05 billion by 2031. The UK market is exhibiting a CAGR of 11% during 2024-2031. Additionally, the France market is projected to experience a CAGR of 12.9% during 2024-2031.
The growing food retail sector in Italy has significantly influenced the growth of the oyster sauce market, reflecting a broader trend towards diversification in Italian cuisine. According to the International Trade Administration (ITA), Italy's retail food sales reached $170.4 billion in 2022, marking a 2.1% increase over the previous year.
This growth trend is particularly evident in discount stores, supermarkets, hypermarkets, and small local grocers, which saw increases of 4.1%, 2.8%, 2.7%, and 1%, respectively. As these retail channels expand and adapt to changing consumer preferences, the availability of a wider range of international products, including oyster sauce, has become more pronounced.
One of the key advantages of vegetarian oyster sauce is its versatility, allowing it to complement a wide range of ingredients while catering to diverse dietary preferences. The vegetarian oyster sauce market in Germany is expected to utilize 27,032.7 tonnes by 2031.
List of Key Companies Profiled
- Ajinomoto Co. Inc.
- Lee Kum Kee Company Limited
- Pearl River Bridge
- Nestle SA (Nestle India Limited)
- Amoy Food Ltd.
- Foshan Haitian Flavoring & Food Co. Ltd.
- Megachef (Marine Resources Development Co. Ltd.)
- Pantainorasingh Manufacturer Co. Ltd.
- MOTHER'S BEST
Key Topics Covered
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Oyster Sauce Market, by Product Type
1.4.2 Europe Oyster Sauce Market, by Distribution Channel
1.4.3 Europe Oyster Sauce Market, by Application
1.4.4 Europe Oyster Sauce Market, by Country
1.5 Methodology for the Research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Europe Oyster Sauce Market by Product Type
4.1 Europe Non-MSG Oyster Sauce Market by Country
4.2 Europe Vegetarian Oyster Sauce Market by Country
Chapter 5. Europe Oyster Sauce Market by Distribution Channel
5.1 Europe Supermarkets/Hypermarkets Market by Country
5.2 Europe Convenience Stores Market by Country
5.3 Europe Online Market by Country
5.4 Europe Other Distribution Channels Market by Country
Chapter 6. Europe Oyster Sauce Market by Application
6.1 Europe Commercial Market by Country
6.2 Europe Household Market by Country
Chapter 7. Europe Oyster Sauce Market by Country
7.1 Germany Oyster Sauce Market
7.2 UK Oyster Sauce Market
7.3 France Oyster Sauce Market
7.4 Russia Oyster Sauce Market
7.5 Spain Oyster Sauce Market
7.6 Italy Oyster Sauce Market
7.7 Rest of Europe Oyster Sauce Market
Chapter 8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/aiqnft
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