According to this report, the global frozen dumpling market is expected to show upward growth in the years to come. Since the past few years the consumption of frozen dumplings has been rising remarkably and by the year 2022, the consumption volume is likely to reach around 609123 MT.
On the other hand, the consumption value of the global frozen dumpling is anticipated to reach to US$ 3747.84 Mn by 2022 end, growing at a healthy CAGR of 7.88 % throughout the projected period, i.e. between 2018 and 2023. According to this report, it is expected that new investors will enter into the global frozen dumplings market due to stable demand of frozen dumplings.
Global Frozen Dumplings Market: Drivers
Changing lifestyle and increasing popularity for instant food is increasing the growth of the frozen dumpling market across the globe. Rising ratio of working women, growing adoption of frozen food and the rising tendency of taking sophisticated shortcuts are some of the other factors which are creating a positive impact on the growth of the global frozen dumplings market.
Frozen food fulfills new dietary needs these days and frozen dumpling is one of the important food types which plays an important role in accomplishing these needs. Rising income, growing interest in international and ethnic cuisine is also expected to create robust growth in the global frozen dumplings market in the years to come.
Global Frozen Dumplings Market: Regional Overview
In terms of production volume, China leads the global frozen dumplings market with 46.12% revenue share in 2017, followed by Korea with 21.83% market share. It is expected that Korea will capture a larger market share in the years to come. The market is likely to grow in countries of Southeast Asia such as Malaysia, Philippines, and Vietnam. In 2017, Japan and Taiwan captured 3.64% and 3.84% revenue share in the global frozen dumplings market. On the other hand MEA, the US, Europe, UK, and Australia collectively grabbed 23.47% revenue share in the global frozen dumpling market in the year 2017.
Global Frozen Dumplings Market: Segmental Analysis
Based on products, the global frozen dumplings market is segmented into meat dumplings and vegetable dumplings, while by end users, the global frozen dumplings market is segmented into supermarkets, retail stores, restaurant and hotels, and others.
Global Frozen Dumplings Market: Competitive Analysis
This market is not highly concentrated. With 25.25% revenue share, CJ grabbed the market in 2017, while CPF captured 12.84% revenue share in the global frozen dumplings market in the same year. China-based San Quan Food captured 9.68% revenue share in the year 2017. There are other smaller companies which collectively grabbed 36.18% market share at the end of 2017.
Global Frozen Dumplings Market: Key Players
Following are the key players operating in the global frozen dumplings market-
InnovAsian Cuisine, CJ, Yutaka, General Mill, Way Fong, Sanquan Food, CPF, Ajinomoto Windsor, Wei Chuan, Hakka, Synear and Day-Lee Foods, Inc.
Full Report Overview@ https://www.qyresearch.com/index/detail/172386/global-frozen-dumplings-market