Oyster Sauces Market Size to Grow by USD 2.36 Billion | Product Launches to Boost Market Growth | 17,000+ Technavio Research Reports

The potential growth difference for the oyster sauces market will grow by USD 2.36 billion from 2021 to 2026, as per the latest market analysis report by Technavio. The report also identifies the market to register an accelerating growth momentum at a CAGR of 4.74% during this period.

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Key Market Dynamics:

• Market Driver
• Market Challenges

The product launches and growth in retail landscape are some of the key market drivers. Regional and international players are estimated to support the growth of the global oyster sauces market by launching innovative product launches. The manufacturers of oyster sauce are devising innovative and distributive strategies to increase their market size and widen the penetration of their products. For Instance, in February 2020, Nestle Vietnam has launched two new sauces i.e. Maggi Soya Sauce and Maggi Oyster Sauce. Such launches are expected to drive market growth during the forecast period. In addition, innovations in packaging is another factor supporting the oyster sauces market growth. Oyster sauce manufacturers produce in bulk. Ingredients such as oysters, soy, and sugar are often stored for a period of three months.  However, factors such as fluctuating prices of raw materials will challenge market growth.  The prices of raw materials, such as sugar, salt, and oysters, fluctuate depending on the availability. In recent scenarios, the increasing gap between demand and supply has substantially increased the costs of raw materials such as oyster. To stay competitive in the market, vendors generally experiment with cheaper substitutes. Such factors are negatively impacting the market growth.

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The oyster sauces market report is segmented by End-user (Retail and Foodservice) and Geography (APAC, North America, Europe, South America, and Middle East and Africa). Retail end-user segment held the largest oyster sauces market share in 2021.  The segment will continue to account for the largest share throughout the forecast period. The growth is attributed to the growing use of oyster sauces in several Asian dishes, especially Chinese and Japanese dishes such as noodles and fried rice. Thus, the new innovations in packaging to extend the shelf life of oyster sauce are likely to drive the market during the forecast period. In terms of Geography, APAC will be the leading region with 62% of the market's growth during the forecast period. China, Japan, and South Korea are the key markets for oyster sauces market in APAC. Market growth in this region will be slower than the growth of the market in other regions. The increase in consumers' income level will facilitate the oyster sauces market growth in APAC over the forecast period. 

View our sample report for additional insights into the contribution of all the segments and regional opportunities.

Vendor Insights

The oyster sauces market is fragmented and the vendors are deploying growth strategies such as price, quality, innovation, reputation, and distribution to compete in the market. Technavio categorizes the global oyster sauces as a part of the global packaged foods and meats market. Market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Companies such as Ajinomoto Co. Inc. offer Ajinomoto Oyster Sauce that has a weak saltiness and is particularly suitable for making stir-fried dishes.

Some Companies Mentioned

• Ajinomoto Co. Inc.
• Bachun Food Industries Pte Ltd.
• Blue Dragon Canada Ltd.
• Daesang Corp.
• Foodex Manufacturer Co. Ltd.
• Foshan Haitian Flavoring and Food Co. Ltd.
• HDR Foods Corp.
• Kakusan Foods Co. Ltd.
• Kikkoman Corp.
• Lee Kum Kee Co. Ltd.
• Malabar Food Products
• Marine Resources Development Co. Ltd.
• MGM Blendwell Corp.
• Nestle SA
• NutriAsai Inc.
• Sin Tai Hing Oyster Sauce Factory Sdn Bhd
• Thaipreeda Trading Co. Ltd.
• Wing Soon Food Manufacturer Pte Ltd.
• Yuen Chun Industries Sdn Bhd
• Zhangzhou Hang Fat Import and Export Co. Ltd.
• To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

Related Reports:
Global Specialty Food Ingredients Market by Product, Application, and Geography - Forecast and Analysis 2021-2025 Barbecue Sauce Market by Product and Geography - Forecast and Analysis 2021-2025

Key Topics Covered:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

• 5.1 Market segments
• Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
• Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

• 5.2 Comparison by End-user
• Exhibit 26: Chart on Comparison by End-user
• Exhibit 27: Data Table on Comparison by End-user

• 5.3 Retail - Market size and forecast 2021-2026
• Exhibit 28: Chart on Retail - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Retail - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Retail - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Retail - Year-over-year growth 2021-2026 (%)

• 5.4 Foodservice - Market size and forecast 2021-2026
• Exhibit 32: Chart on Foodservice - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Foodservice - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Foodservice - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Foodservice - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by End-user
• Exhibit 36: Market opportunity by End-user ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026
• Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 North America - Market size and forecast 2021-2026
• Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 China - Market size and forecast 2021-2026
• Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.9 Japan - Market size and forecast 2021-2026
• Exhibit 66: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.10 South Korea - Market size and forecast 2021-2026
• Exhibit 70: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on South Korea - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on South Korea - Year-over-year growth 2021-2026 (%)

• 7.11 US - Market size and forecast 2021-2026
• Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.12 France - Market size and forecast 2021-2026
• Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 88: Matrix on vendor position and classification

• 10.3 Ajinomoto Co. Inc.
• Exhibit 89: Ajinomoto Co. Inc. - Overview
• Exhibit 90: Ajinomoto Co. Inc. - Business segments
• Exhibit 91: Ajinomoto Co. Inc. - Key news
• Exhibit 92: Ajinomoto Co. Inc. - Key offerings
• Exhibit 93: Ajinomoto Co. Inc. - Segment focus

• 10.4 Bachun Food Industries Pte Ltd.
• Exhibit 94: Bachun Food Industries Pte Ltd. - Overview
• Exhibit 95: Bachun Food Industries Pte Ltd. - Product / Service
• Exhibit 96: Bachun Food Industries Pte Ltd. - Key offerings

• 10.5 Blue Dragon Canada Ltd.
• Exhibit 97: Blue Dragon Canada Ltd. - Overview
• Exhibit 98: Blue Dragon Canada Ltd. - Product / Service
• Exhibit 99: Blue Dragon Canada Ltd. - Key offerings

• 10.6 Daesang Corp.
• Exhibit 100: Daesang Corp. - Overview
• Exhibit 101: Daesang Corp. - Product / Service
• Exhibit 102: Daesang Corp. - Key offerings

• 10.7 Foodex Manufacturer Co. Ltd.
• Exhibit 103: Foodex Manufacturer Co. Ltd. - Overview
• Exhibit 104: Foodex Manufacturer Co. Ltd. - Product / Service
• Exhibit 105: Foodex Manufacturer Co. Ltd. - Key offerings

• 10.8 Foshan Haitian Flavoring and Food Co. Ltd.
• Exhibit 106: Foshan Haitian Flavoring and Food Co. Ltd. - Overview
• Exhibit 107: Foshan Haitian Flavoring and Food Co. Ltd. - Product / Service
• Exhibit 108: Foshan Haitian Flavoring and Food Co. Ltd. - Key offerings

• 10.9 Kakusan Foods Co. Ltd.
• Exhibit 109: Kakusan Foods Co. Ltd. - Overview
• Exhibit 110: Kakusan Foods Co. Ltd. - Product / Service
• Exhibit 111: Kakusan Foods Co. Ltd. - Key offerings

• 10.10 Kikkoman Corp.
• Exhibit 112: Kikkoman Corp. - Overview
• Exhibit 113: Kikkoman Corp. - Business segments
• Exhibit 114: Kikkoman Corp. - Key offerings
• Exhibit 115: Kikkoman Corp. - Segment focus

• 10.11 Lee Kum Kee Co. Ltd.
• Exhibit 116: Lee Kum Kee Co. Ltd. - Overview
• Exhibit 117: Lee Kum Kee Co. Ltd. - Product / Service
• Exhibit 118: Lee Kum Kee Co. Ltd. - Key offerings

• 10.12 Marine Resources Development Co. Ltd.
• Exhibit 119: Marine Resources Development Co. Ltd. - Overview
• Exhibit 120: Marine Resources Development Co. Ltd. - Product / Service
• Exhibit 121: Marine Resources Development Co. Ltd. - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist
• Exhibit 122: Inclusions checklist
• Exhibit 123: Exclusions checklist

• 11.3 Currency conversion rates for US$
• Exhibit 124: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 125: Research methodology
• Exhibit 126: Validation techniques employed for market sizing
• Exhibit 127: Information sources

• 11.5 List of abbreviations
• Exhibit 128: List of abbreviations

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