PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1270341
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1270341
Asian Cuisine Market size was valued at USD 136,504.7 Million in 2022, expanding at a CAGR of 6.9% from 2023 to 2030.
As the oldest agricultural was discovered alongside one of the major Asian and Indian civilizations in 3000 B.C., Asian Cuisine was born. Because the Europeans colonized various countries in the southeast, there have historically been indications of European influence in Asian Cuisine.
Asian Cuisine Market- Market Dynamics
It is projected that Asian Cuisine exports would increase significantly in the near future. Because it tastes better and is more reasonably priced, people favor exotic ethnic cuisine. Constantly evolving eating patterns across the globe are one of the key factors influencing the growth of Asian foods. These variables may differ from place to region, but increased money and a changing culture of consuming food not cooked at home also have a beneficial impact on the demand for Asian Cuisine in developing nations.
Additionally, Western nations prefer variety and new tastes. To meet the rising demand for Asian Cuisine, fast service and full-service restaurants are opened with Asian Cuisine on their regular menu. On the other hand, ineffective marketing and distribution due to the market's high concentration of small competitors could impede the growth of Asian Cuisine sold internationally. In the years to come, the market for Asian food will also be strongly impacted by a number of mergers and acquisitions by big businesses.
The Global Asian Cuisine Market is segmented into Product, Distribution Channel and Region.
On the basis of product types, the Asian food market is categorized as Indian, Chinese, Japanese, Oriental, and others. The Chinese segment is projected to grow significantly during the forecast period owing to increasing preference of consumers toward Chinese food. Chinese food includes cuisine that is cooked with common ingredients such as soy, rice, chilly oil, tofu, and noodles. Utensils like a wok and chopsticks are required for both cooking and eating this cuisine. The market is driven by the substantial demand for Chinese food in western nations. The adoption of Chinese cuisines in nations in North America, the Middle East, Africa, and Europe is a result of Chinese immigrants moving to the West. Also, people are drawn to the flavor and taste of Chinese food, which has sparked the opening of food service establishments that serve real Chinese cuisine. Chinese cuisine's seasoning and cooking methods are intimately correlated with the nation's historical background, culture, and ethnicity.
Asian Cuisine Market- Geographical Insights
Regionally, North America is market accounted for the largest market share in 2022 and is expected to dominate during the forecast period. Due to a major rise in Asian food consumption in the region, North America was other important market for Asian foods and is expected to experience significant growth in the years to come. Very popular in Europe is spicy food served with a variety of sauces. In turn, this has a favorable effect on the market's expansion in Europe. In the foreseeable future, Europe is anticipated to be the major market for Asian Cuisine.
In June 2021, LIVEKINDLY announced the launch of its two new flagship brands in China, Giggling Pig and Chicken, which were both created and produced locally to satisfy the preferences of Chinese consumers.
In November 2020, Beyond Pork, the first product Beyond Meat Inc. developed specifically for the Chinese market, was introduced in China.
This proposed research study on Asian Cuisine market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Asian Cuisine market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Asian Cuisine market
Impact of COVID-19 on Asian Cuisine market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Asian Cuisine market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Asian Cuisine market, we have also included competitive landscape and key innovator analysis for the Asian Cuisine market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Asian Cuisine market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global Asian Cuisine market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
GLOBAL ASIAN CUISINE MARKET KEY PLAYERS
Pei Wei Asian Diner
Panda Express
Moods Hospitality Pvt Ltd
Eurofood Group Plc
Ajinomoto Co. Inc. (Tokyo Japan)
B&G Foods (New Jersey, U.S.)
Associated British Foods PLC (London, U.K.)
MTR Foods (Karnataka India)
Tasty Bite Edibles Pvt. Ltd. (Pune India)
Taco Bell (California, U.S.)
Nestle S.A (Vevey, Switzerland)
General Mills (Minnesota, U.S.)
GLOBAL ASIAN CUISINE MARKET, BY PRODUCT
Oriental styles
Japanese
Chinese
Korean
Indonesian
Thai
Indian
GLOBAL ASIAN CUISINE MARKET, DISTRIBUTION CHANNEL
Direct Sales
Indirect Sales
(Specialty Stores)
(Supermarket)
(Online Retail)
GLOBAL ASIAN CUISINE MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA
(Specialty Stores)
(Supermarket)
(Online Retail)