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 2025as 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 Americaand MEA).
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The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Ajinomoto Co. Inc.- The company offers different varieties of Gyoza dumplings like duck gyoza, apple gyoza, chicken and vegetable gyoza and many more.
- Charoen Pokphand Foods Plc- The company offers Japanese and Korean style dumplings which are made from high quality fresh meat and vegetables.
- CJ CheilJedang Corp.
- General Mills Inc.
- Hakka PTY Ltd.
- InnovAsian Cuisine Enterprises Inc.
- NH Foods Ltd.
- Sanquan Food Co. Ltd.
- Wayfong LLC
- Wei-Chuan USA Inc.
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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Geographical Market Analysis
53% of the market’s growth will originate from APAC during the forecast period. China, Japanand 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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Key Segment Analysis
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 Chinabut 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:
Key Market Driver:
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 Asiadumplings are commonly prepared in countries such as China, Japan, India, Indonesia, the Philippinesand South Korea.In Chinadumplings were introduced eons ago. These product varieties are available in different flavors and fillings that have varying nutritional value. In North Americatortilla dumplings, chicken dumplings, strawberry dumplings, ham dumplings, and others are available. In Europedumplings 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.
Key Market Challenge:
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…