According to a recent market study published by Growth Market Reports, titled, “Global Asian Food Market By Cuisine, By Food Type, By Form, By Diet, By Distribution Channel and By Region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at US$ 437,152.0 Million in 2022 and is anticipated to expand at a growth rate of 7.1% by 2031.

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Asian cuisine encompasses food items from various countries across Asia Pacific such as China, Japan, South Korea, Thailand, India, and others. Korean, Chinese, and Japanese flavors are increasing in demand in the US and countries of Europe. The cultural diversity within the Asia Pacific countries allows the consumers to choose from a wide range of dishes according to their taste preferences.

The Global Asian Food Market has been segmented in terms of Cuisine, Food Type, Form, Diet, Distribution Channel and region. In terms of Cuisine, the Global Asian Food Market is split into Chinese, Japanese, Korean, Thai, Indian, and others. On the basis of Food Type, the market is fragmented into curry, noodles, soup, rice, dumplings, salads, and others. Based on Form, the market is divided into fresh, frozen, and dried. Based on Diet, the market is bifurcated into veg and non-veg. On the basis of Distribution Channel, the market is divided into online and offline. Considering regions, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The COVID-19 pandemic had a considerable impact on various markets, including the Asian Food market. The COVID-19 disease caused serious respiratory illnesses. People stayed at home and majority of the manufacturing facilities were temporarily shut down by the authorities. This, in turn, increased the price of Asian products and decreased the demand in various regions.

Key Takeaways from the Study:

  • Players in the Global Asian Food Market include Ajinomoto Co., Inc., Heiploeg Group, Nichirei, Nissin Foods, NONGSHIM CO., LTD., Nestle, CJ CheilJedang Corp., Taylor Farms, Thai Union Group PCL, Unilever, NR Instant Produce Public Company Limited, Campbell Soup Company and Haldiram's India Pvt Ltd. These players held a major share of the Global Asian Food Market in 2022.

  • Increased Focus on Home Cooking is key factors that drive the Asian Food market.

  • Product Innovation and Variations is expected to create opportunities in the coming years.

  • Based on Cuisine, the market is segmented into Chinese, Japanese, Korean, Thai, Indian, and others. The Chinese segment is expected to hold a considerable share of the market during the forecast period, owing to the use of exotic Chinese spices throughout the world. The increasing globalization of food and the expansion of international trade have made it easier for Chinese food products to be imported and exported across the globe.

  • Based on Food Type, the market is segmented into curry, noodles, soup, rice, dumplings, salads, and others. The noodles segment is anticipated to expand at a lucrative CAGR during the forecast period, as it is a significant part of the traditional Chinese diet. Noodles are the main source of energy and economical energy food. The wide variety of noodles and their cooking methods have influenced the use of noodles in the Korean cuisine, Japanese cuisine, Vietnamese cuisine, and many other types of cuisines.

  • Based on Form, the market is segmented into fresh, frozen, and dried. The fresh segment is anticipated to expand at a lucrative CAGR during the forecast period, as people are becoming increasingly environmentally conscious and consuming fresh food. Many Asian cuisines are known for the use of fresh and healthy ingredients, which appeals to health-conscious consumers.

  • Based on the Diet, the market is segmented into veg and non-veg. The veg segment is anticipated to expand at a significant CAGR during the forecast period. Consumers are becoming aware of the health benefits of a plant-based diet, leading to the rising demand for vegetarian and vegan foods. Moreover, vegetarian diets are often considered more sustainable and environmentally friendly than non-vegetarian diets, as they require fewer resources and generate less waste.

  • Based on the Distribution Channel, the market is segmented into online and offline. The offline segment is anticipated to expand at a significant CAGR during the forecast period. The offline segment is expected to register significant sales in the coming years, owing to the benefits of quick product return without delay, availability of a variety of products, and personalized recommendations from the staff.

  • Based on regions, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in the North America is projected to expand at a significant CAGR during the forecast period, due to increasing immigrant population, including significant numbers of people with Asian heritage, which has led to the growth of Asian communities and the proliferation of Asian restaurants and food products in many cities of the North America, such as the US.

Report Scope:

Report Metric

Details

Market Value in 2022

US$ 437,152.0 Million

Market Growth Rate (from 2022 to 2031)

7.1%

Historical Data

2016 - 2021

Base Year

2022

Forecast Period

2023 – 2031

Units Considered

Value (US$ Million)

Market Segments

By Cuisine, By Food Type, By Form, By Diet,
By Distribution Channel and By Region

Key Companies Profiled

Ajinomoto Co., Inc., Heiploeg Group, Nichirei, Nissin Foods, NONGSHIM CO., LTD., Nestle, CJ CheilJedang Corp., Taylor Farms, Thai Union Group PCL, Unilever, NR Instant Produce Public Company Limited, Campbell Soup Company and Haldiram's India Pvt Ltd.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

 

Target Audience:

  • Supply-side: Vendor, Manufacturer, Distributors, Supplier, Retailer.

  • Demand Side: Hotels, Restaurants, General Public.

  • Regulatory Side: Food and Agriculture Organization (FAO), US Food and Drug Administration (FDA), Food Safety and Standards Authority of India (FSSAI), China Food and Drug Administration (CFDA), Korean Ministry of Food and Drug Safety (MFDS), Japan Food Safety Management Association (JFSM), and many others.