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Global Oyster Sauces Market 2019-2023 | Evolving Opportunities With AJINOMOTO and Foshan Haitian Flavoring & Food | Technavio

November 12, 2019
Global Oyster Sauces Market 2019-2023 | Evolving Opportunities With AJINOMOTO and Foshan Haitian Flavoring & Food | Technavio
Global Oyster Sauces Market 2019-2023 | Evolving Opportunities With AJINOMOTO and Foshan Haitian Flavoring & Food | Technavio

LONDON--(BUSINESS WIRE)--Nov 11, 2019--

Technavio has been monitoring the global oyster sauces market and the market is poised to grow by USD 228.85 million during 2019-2023, progressing at a CAGR of more than 4% during the forecast period. Request Free Sample Pages

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Technavio has announced its latest market research report titled global oyster sauces market 2019-2023. (Graphic: Business Wire)

Read the 127-page research report with TOC on “Oyster Sauces Market Analysis Report by End-user (Retail and Foodservice), by Geography (North America, APAC, Europe, South America, and MEA), and Segment Forecasts, 2019 - 2023”.

The market is driven by the increasing propensity toward home cooking. In addition, innovations in packaging of food are anticipated to further boost the growth of the oyster sauces market.

Oyster sauce is used as a key ingredient in many fast food dishes such as fried rice, Tibetan noodles, and Chinese food. Instead of spending on food at restaurants and food-service outlets, health-conscious consumers rely on online home grocery delivery services to prepare healthy food at home using ingredients such as oyster sauce, chili sauce, and soy sauce. In addition, with the growing popularity of culinary TV shows such as MasterChef US and Top Chef, people are encouraged to experiment and cook at home more frequently. Thus, the increasing propensity toward home cooking is expected to drive market growth during the forecast period.

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Major Five Oyster Sauces Market Companies:

AJINOMOTO

AJINOMOTO is headquartered in Japan and operates businesses under various business segments such as Japan Food Products, International Food Products, Life Support, Healthcare, and Others. One of the products offered by the company is ajinomoto oyster sauces.

Foshan Haitian Flavoring & Food

Foshan Haitian Flavoring & Food is headquartered in China and offers products through its business unit, Sauces. The company offers a wide range of seasoning sauces, oyster sauces, and soy sauce under its brand name, Haitian.

Kikkoman

Kikkoman is headquartered in Japan and has business operations under various business segments, namely Domestic Foods-Manufacturing and Sales, Domestic Other, Overseas Foods-Manufacturing and Sales, and Overseas Foods-Wholesale.

Lee Kum Kee

Lee Kum Kee is headquartered in Hong Kong and offers products through the business segment, Sauces. The company offers a wide range of chili sauces & dips, convenient sauces, gourmet sauces, oyster sauces, soy sauces, and others.

Nestlé

Nestlé is headquartered in Switzerland and offers services through the following business segments: Zone AMS, Zone EMENA, Zone AOA, Nestlé Waters, Nestlé Nutrition, and Other businesses. The company offers oyster sauce under its brand name, Maggi.

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Oyster Sauces End-Users Outlook (Revenue, USD Million, 2019 - 2023)

Oyster Sauces Regional Outlook (Revenue, USD Million, 2019 - 2023)

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report

Related Reports on Consumer Staplesare:

Sauces Market – Global Sauces Market by product (table sauces, culinary sauces, and others) and geography (APAC, Europe, MEA, North America, and South America).

Soy Sauces Market – Global Soy Sauces Market by end-users (foodservice and retail) and geography (the Americas, APAC, and EMEA).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191111005643/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

Website:https://www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: PACKAGING RETAIL MANUFACTURING FOOD/BEVERAGE

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 11/11/2019 08:30 PM/DISC: 11/11/2019 08:30 PM

http://www.businesswire.com/news/home/20191111005643/en