Asian Food Market

Asian Food Market

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  • 10-01-2023
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Anuradha

Author:

Anuradha B. More

Vaibhav

Fact-checked by:

Vaibhav Chandola

Aman

Editor:

Aman Singh

Market Outlook:

The global Asian Food market was estimated at USD 437,152.0 Million in 2022 and is anticipated to reach USD ~805,080.2 Million by 2031, expanding at a CAGR of 7.1% during the forecast period.

Asian cuisine is very diverse with a wide range of flavors, ingredients, and cooking techniques. Asian food is influenced by various factors such as climate, geography, history, and cultural practices. Chinese cuisine is known for its extensive use of stir-frying, steaming, and braising techniques; whereas, Japanese cuisine showcases the art of sushi-making and delicately prepared dishes.

Asian Food Market Outlook

Macro-economic Factors

Demand and Supply

Authentic Asian food outlets are expanding at a tremendous rate in the US and Europe, due to the rise in consumer demand. The demand for Asian food in these regions is increasing, due to the nutritional benefits that the Asian food offers. According to a research article, currently there are more than 40,000 Chinese restaurants in the US. According to the data collected by the Ministry of Agriculture, Forestry, and Fisheries, Japan, there were 117,568 Japanese restaurants overseas as of October 2017.

Supply of Asian food made by the traditional chefs is comparatively limited in these regions, which drives up the price of Asian food. This makes it difficult for the restaurants to offer continuous new items on the menu. However, the Asian food industry is significantly capturing the market in these regions to increase the supply.

Asian Food Market Japanese Restaurants Count

Market Dynamics

Market Driver- Increasing Consumer Demand

Increasing consumer demand for Asian food is a significant driver for market growth. This demand is driven by various factors, including the growing interest in global authentic flavors. Consumers have become increasingly exploratory with their food choices. There has been an increased interest in trying different international cuisines, including Japanese and Chinese cuisines. The increasing consumer interest in trying authentic foods significantly drives the demand for Asian food, as consumers seek to replicate or experience the authentic taste of the cuisine from Asian countries in their own homes. The popularity of restaurants serving Japan-based food and sushi restaurants also contributes to market growth.

Market Restraint- Limited Product Offerings

The Asian food market is highly competitive and fragmented, as Asian food involves a wide range of cuisines, such as Japanese, Chinese, Thai, Indian, and Korean. Manufacturing companies are able to include only a limited variety of products in their portfolio due to high investments and branding. Thus, the availability of a limited number of products creates barriers to catering a large and diverse population. Established players spend heavily on promotional activities, as the expansion of product offerings costs them inventory charges. Local players are able to provide numerous options, as they target a limited consumer base. However, they lack investments and funding to expand on the global spectrum.

Market Opportunity- Increasing Asian Population

Rising Asian population worldwide is expected to create immense opportunities in the market. For instance, the two most populous countries in Asia are China & India together contributing about 61 % of the Asian population and roughly 37% of the global population. Moreover, Asia has over 20 cities with more than 10 million people. As more Asians migrate to other parts of the world, they bring their traditional food habits with them. This has led to a growing demand for authentic Asian cuisine, which has created new business opportunities for Asian food producers and retailers.

Investment scenario

Investment scenario in the Asian food market has been dynamic in the recent years owing to rising urbanization, disposable income, and changing consumer preferences. Rapid urbanization has significantly impacted the demand for ready-to-eat and packaged food, as it has influenced people in the US and Europe to try authentic international cuisines. Chinese, Korean, and Japanese cuisines are currently gaining popularity among the young generation. The rising adoption of these cuisines has been positively impacted by social media usage. The young generation is keen to explore new authentic dishes. The US population is highly influenced by the spicy taste of Asian delicacies.

The grocery sector in the UK has not expanded significantly in recent years. The market for authentic South Asian cuisine, which consists of products such as staple foods, spices, and ingredients from Bangladesh, Pakistan, and India, has demonstrated potential for future growth. The UK leads in South Asian cuisine due to the presence of a large number of ethnic population of India. The demand for this cuisine is fueled by the 1.5 million ethnic Indians who reside in the UK out of the 2.2 million ethnic Indians living in Europe.

The demand for South Asian ingredients and cuisine has increased due to the rapid shift of the population toward healthy eating habits and vegetarianism. Germany and Italy are registering increased demand for Indian food products in conjunction with the rising immigrant population in those countries. Consumers are seeking tasty, vibrant, and lively healthy choices. However, it is difficult to replicate the variety of spices, pulses, lentils, and oils found in South Asian cuisine in a vegetarian diet from Western countries. A diet high in lentils and spices is beneficial for human health, as it boosts metabolism.

Asian food franchises account for a significant portion of the restaurant sector. The cuisine is becoming more and more appreciated, catering to preferences of American youth. Thai, Chinese, Japanese, Indian, and other cuisines are prepared and served at Asian franchise restaurants. The most popular Asian restaurants in Americas is Chinese.

Asian Food Market Business Opportunity

Scope of the Report  

The report on the Global Asian Food Market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
 

Attributes

Details

Report Title

Asian Food Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Base Year

2022

Historic Data

2016-2021

Forecast Period

2023–2031

Segmentation

By Cuisine (Chinese, Japanese, Korean, Thai, Indian, and Others), By Food Type (Curry, Noodles, Soup, Rice, Dumplings, Salads, and Others), By Form (Fresh, Frozen, and Dried), By Diet (Veg and Non-Veg), By Distribution Channel (Online and Offline)

Regional Scope

Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered

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.

Segmental Outlook

Based on Cuisine, the market is segmented into Chinese, Japanese, Korean, Thai, Indian, and others. The Asian segment is expected to hold a considerable share of the market during the forecast, due to the distinct and diverse flavors, which is a combination of balanced flavors of sweet, sour, and salty obtained from the use of herbs, spices, and condiments.

Asian Food Market Cuisine

On the basis of Food Type, the market is fragmented into curry, noodles, soup, rice, dumplings, salads, and others. The rice held the significant share of the market in 2022, due to high importance in Asian food products for several reasons. Rice is one of the most common food type consumed among the Asian food products. Rice is a good source of various nutrients such as magnesium, phosphorus, manganese, and selenium, making it an important component of the Asian diet.

For instance, according to the Food and Agriculture Association of United Nations, rice consumption per capita reached 11.7 kg in 2021 in the US, which is a 2.46% since the previous year.

Asian Food Market Food Type

In terms of Form, the market is classified as fresh, frozen, and dried. The frozen segment is anticipated to expand at a significant CAGR during the forecast period, due to the convenience of frozen food to be prepared quickly and easily at home.

On the basis of Diet, the market is fragmented into veg and non-veg. The non-veg held the significant share of the market in 2022, due to shift in taste, convenience, and personal dietary preferences among consumer toward non-veg food. Additionally, the demand for non-veg food items is also influenced by cultural and traditional dietary practices. The demand for non-veg food items continues to be growing, despite the increasing popularity of plant-based diets.

In terms of Distribution Channel, the market is classified as online and offline. The online segment is anticipated to expand at a significant CAGR during the forecast period, owing to rising consumer awareness, increased Internet connectivity, and growing adoption of mobile internet devices.

For instance, the number of individuals with access to internet in Europe has grown from 66.5% in 2010 to 91.5% in 2023. The online segment is growing rapidly, due to customer inclination toward buying Asian food items through company websites and e-commerce sites.

Regional Outlook

Based on regions, the market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period, owing to growing demand for authentic Asian ingredients and dishes, and the increasing globalization of food has made it easier for Asian food products to be imported and exported across the world, which has increased the availability of Asian cuisine in various parts of the world.

Asian Food Market Regions

Key Developments:

  • In 2023, Nichirei established procurement guidelines for marine products and palm oil, which are key food resources that underpin the business activities of the company.

  • In 2023, NONGSHIM CO., LTD., South Korea-based multinational food and beverage company, invested USD 7.3 million in food tech.

  • In 2022, NR Instant Produce Public Company Limited's subsidiary, NRF Consumer Company Limited, established Indeem International Co., Ltd. to support the direct sales system business (Omni Channel).

  • In 2022, NONGSHIM CO., LTD. began full-scale operation of its 2nd plant in the US, taking a powerful step forward to become a significant player in the market. The development of the 2nd plant has accelerated Its North America market penetration, securing an annual production capacity of USD 850 million units in the US.

  • In 2021, Thai Union Group PLC, the global key seafood company, acquired the remaining 49 percent of shares of Rügen Fisch AG (Rügen Fisch).

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the Global Asian Food Market

  • Historical, Current, and Projected Market Size in Terms of Value

  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered

  • Industry Drivers, Restraints, and Opportunities Covered in the Study

  • Recent Industry Trends and Developments

  • Competitive Landscape & Strategies of Key Players

Segments

By Cuisine

  • Chinese
  • Japanese
  • Korean
  • Thai
  • Indian
  • Others

By Food Type

  • Curry
  • Noodles
  • Soup
  • Rice
  • Dumplings
  • Salads
  • Others

By Form

  • Fresh
  • Frozen
  • Dried

By Diet

  • Veg
  • Non-Veg
    • Chicken
    • Pork
    • Seafood
    • Others

By Distribution Channel

  • Online
  • Offline

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Key Market Players Profiled in the Report

Competitive Landscape

  • Manufacturers operating in the Global Asian Food Market are 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.

  • Market players are pursuing strategies such as acquisitions, product launches, collaborations, and geographic expansion to leverage untapped opportunities in the Global Asian Food Market.

    Asian Food Market Key Players

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Asian Food Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Asian Food Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Asian Food Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Asian Food Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Asian Food Market Size & Forecast, 2016-2031
      4.5.1 Asian Food Market Size and Y-o-Y Growth
      4.5.2 Asian Food Market Absolute $ Opportunity
   4.6 Pricing Analysis
   4.7 Consumer Preference & Buying Behaviour Analysis
   4.8 Multi–faceted New Asian consumer
      4.8.1 Bigger spend with 250 million new citizens and the world's largest middleclass
      4.8.2 The power of the consumer
      4.8.3 From affordability to value-seeking
   4.9 Investment Scenario
   4.10 Strategies for Feeding the New Asian Consumer
Chapter 5 Global Asian Food Market Analysis and Forecast By Cuisine
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Cuisine
      5.1.2 Basis Point Share (BPS) Analysis By Cuisine
      5.1.3 Absolute $ Opportunity Assessment By Cuisine
   5.2 Asian Food Market Size Forecast By Cuisine
      5.2.1 Chinese
      5.2.2 Japanese
      5.2.3 Korean
      5.2.4 Thai
      5.2.5 Indian
      5.2.6 Others
   5.3 Market Attractiveness Analysis By Cuisine
Chapter 6 Global Asian Food Market Analysis and Forecast By Food Type
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Food Type
      6.1.2 Basis Point Share (BPS) Analysis By Food Type
      6.1.3 Absolute $ Opportunity Assessment By Food Type
   6.2 Asian Food Market Size Forecast By Food Type
      6.2.1 Curry
      6.2.2 Noodles
      6.2.3 Soup
      6.2.4 Rice
      6.2.5 Dumplings
      6.2.6 Salads
      6.2.7 Others
   6.3 Market Attractiveness Analysis By Food Type
Chapter 7 Global Asian Food Market Analysis and Forecast By Form
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By Form
      7.1.2 Basis Point Share (BPS) Analysis By Form
      7.1.3 Absolute $ Opportunity Assessment By Form
   7.2 Asian Food Market Size Forecast By Form
      7.2.1 Fresh
      7.2.2 Frozen
      7.2.3 Dried
   7.3 Market Attractiveness Analysis By Form
Chapter 8 Global Asian Food Market Analysis and Forecast By Diet
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities By Diet
      8.1.2 Basis Point Share (BPS) Analysis By Diet
      8.1.3 Absolute $ Opportunity Assessment By Diet
   8.2 Asian Food Market Size Forecast By Diet
      8.2.1 Veg
      8.2.2 Non-Veg
         8.2.2.1 Chicken
         8.2.2.2 Pork
         8.2.2.3 Seafood
         8.2.2.4 Others
   8.3 Market Attractiveness Analysis By Diet
Chapter 9 Global Asian Food Market Analysis and Forecast By Distribution Channel
   9.1 Introduction
      9.1.1 Key Market Trends & Growth Opportunities By Distribution Channel
      9.1.2 Basis Point Share (BPS) Analysis By Distribution Channel
      9.1.3 Absolute $ Opportunity Assessment By Distribution Channel
   9.2 Asian Food Market Size Forecast By Distribution Channel
      9.2.1 Online
      9.2.2 Offline
   9.3 Market Attractiveness Analysis By Distribution Channel
Chapter 10 Global Asian Food Market Analysis and Forecast by Region
   10.1 Introduction
      10.1.1 Key Market Trends & Growth Opportunities by Region
      10.1.2 Basis Point Share (BPS) Analysis by Region
      10.1.3 Absolute $ Opportunity Assessment by Region
   10.2 Asian Food Market Size Forecast by Region
      10.2.1 North America
      10.2.2 Europe
      10.2.3 Asia Pacific
      10.2.4 Latin America
      10.2.5 Middle East & Africa (MEA)
   10.3 Market Attractiveness Analysis by Region
Chapter 11 Coronavirus Disease (COVID-19) Impact
   11.1 Introduction
   11.2 Current & Future Impact Analysis
   11.3 Economic Impact Analysis
   11.4 Government Policies
   11.5 Investment Scenario
Chapter 12 North America Asian Food Analysis and Forecast
   12.1 Introduction
   12.2 North America Asian Food Market Size Forecast by Country
      12.2.1 U.S.
      12.2.2 Canada
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 North America Asian Food Market Size Forecast By Cuisine
      12.6.1 Chinese
      12.6.2 Japanese
      12.6.3 Korean
      12.6.4 Thai
      12.6.5 Indian
      12.6.6 Others
   12.7 Basis Point Share (BPS) Analysis By Cuisine
   12.8 Absolute $ Opportunity Assessment By Cuisine
   12.9 Market Attractiveness Analysis By Cuisine
   12.10 North America Asian Food Market Size Forecast By Food Type
      12.10.1 Curry
      12.10.2 Noodles
      12.10.3 Soup
      12.10.4 Rice
      12.10.5 Dumplings
      12.10.6 Salads
      12.10.7 Others
   12.11 Basis Point Share (BPS) Analysis By Food Type
   12.12 Absolute $ Opportunity Assessment By Food Type
   12.13 Market Attractiveness Analysis By Food Type
   12.14 North America Asian Food Market Size Forecast By Form
      12.14.1 Fresh
      12.14.2 Frozen
      12.14.3 Dried
   12.15 Basis Point Share (BPS) Analysis By Form
   12.16 Absolute $ Opportunity Assessment By Form
   12.17 Market Attractiveness Analysis By Form
   12.18 North America Asian Food Market Size Forecast By Diet
      12.18.1 Veg
      12.18.2 Non-Veg
         12.18.2.1 Chicken
         12.18.2.2 Pork
         12.18.2.3 Seafood
         12.18.2.4 Others
   12.19 Basis Point Share (BPS) Analysis By Diet
   12.20 Absolute $ Opportunity Assessment By Diet
   12.21 Market Attractiveness Analysis By Diet
   12.22 North America Asian Food Market Size Forecast By Distribution Channel
      12.22.1 Online
      12.22.2 Offline
   12.23 Basis Point Share (BPS) Analysis By Distribution Channel
   12.24 Absolute $ Opportunity Assessment By Distribution Channel
   12.25 Market Attractiveness Analysis By Distribution Channel
Chapter 13 Europe Asian Food Analysis and Forecast
   13.1 Introduction
   13.2 Europe Asian Food Market Size Forecast by Country
      13.2.1 Germany
      13.2.2 France
      13.2.3 Italy
      13.2.4 U.K.
      13.2.5 Spain
      13.2.6 Russia
      13.2.7 Rest of Europe
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Europe Asian Food Market Size Forecast By Cuisine
      13.6.1 Chinese
      13.6.2 Japanese
      13.6.3 Korean
      13.6.4 Thai
      13.6.5 Indian
      13.6.6 Others
   13.7 Basis Point Share (BPS) Analysis By Cuisine
   13.8 Absolute $ Opportunity Assessment By Cuisine
   13.9 Market Attractiveness Analysis By Cuisine
   13.10 Europe Asian Food Market Size Forecast By Food Type
      13.10.1 Curry
      13.10.2 Noodles
      13.10.3 Soup
      13.10.4 Rice
      13.10.5 Dumplings
      13.10.6 Salads
      13.10.7 Others
   13.11 Basis Point Share (BPS) Analysis By Food Type
   13.12 Absolute $ Opportunity Assessment By Food Type
   13.13 Market Attractiveness Analysis By Food Type
   13.14 Europe Asian Food Market Size Forecast By Form
      13.14.1 Fresh
      13.14.2 Frozen
      13.14.3 Dried
   13.15 Basis Point Share (BPS) Analysis By Form
   13.16 Absolute $ Opportunity Assessment By Form
   13.17 Market Attractiveness Analysis By Form
   13.18 Europe Asian Food Market Size Forecast By Diet
      13.18.1 Veg
      13.18.2 Non-Veg
         13.18.2.1 Chicken
         13.18.2.2 Pork
         13.18.2.3 Seafood
         13.18.2.4 Others
   13.19 Basis Point Share (BPS) Analysis By Diet
   13.20 Absolute $ Opportunity Assessment By Diet
   13.21 Market Attractiveness Analysis By Diet
   13.22 Europe Asian Food Market Size Forecast By Distribution Channel
      13.22.1 Online
      13.22.2 Offline
   13.23 Basis Point Share (BPS) Analysis By Distribution Channel
   13.24 Absolute $ Opportunity Assessment By Distribution Channel
   13.25 Market Attractiveness Analysis By Distribution Channel
Chapter 14 Asia Pacific Asian Food Analysis and Forecast
   14.1 Introduction
   14.2 Asia Pacific Asian Food Market Size Forecast by Country
      14.2.1 China
      14.2.2 Japan
      14.2.3 South Korea
      14.2.4 India
      14.2.5 Australia
      14.2.6 South East Asia (SEA)
      14.2.7 Rest of Asia Pacific (APAC)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Asia Pacific Asian Food Market Size Forecast By Cuisine
      14.6.1 Chinese
      14.6.2 Japanese
      14.6.3 Korean
      14.6.4 Thai
      14.6.5 Indian
      14.6.6 Others
   14.7 Basis Point Share (BPS) Analysis By Cuisine
   14.8 Absolute $ Opportunity Assessment By Cuisine
   14.9 Market Attractiveness Analysis By Cuisine
   14.10 Asia Pacific Asian Food Market Size Forecast By Food Type
      14.10.1 Curry
      14.10.2 Noodles
      14.10.3 Soup
      14.10.4 Rice
      14.10.5 Dumplings
      14.10.6 Salads
      14.10.7 Others
   14.11 Basis Point Share (BPS) Analysis By Food Type
   14.12 Absolute $ Opportunity Assessment By Food Type
   14.13 Market Attractiveness Analysis By Food Type
   14.14 Asia Pacific Asian Food Market Size Forecast By Form
      14.14.1 Fresh
      14.14.2 Frozen
      14.14.3 Dried
   14.15 Basis Point Share (BPS) Analysis By Form
   14.16 Absolute $ Opportunity Assessment By Form
   14.17 Market Attractiveness Analysis By Form
   14.18 Asia Pacific Asian Food Market Size Forecast By Diet
      14.18.1 Veg
      14.18.2 Non-Veg
         14.18.2.1 Chicken
         14.18.2.2 Pork
         14.18.2.3 Seafood
         14.18.2.4 Others
   14.19 Basis Point Share (BPS) Analysis By Diet
   14.20 Absolute $ Opportunity Assessment By Diet
   14.21 Market Attractiveness Analysis By Diet
   14.22 Asia Pacific Asian Food Market Size Forecast By Distribution Channel
      14.22.1 Online
      14.22.2 Offline
   14.23 Basis Point Share (BPS) Analysis By Distribution Channel
   14.24 Absolute $ Opportunity Assessment By Distribution Channel
   14.25 Market Attractiveness Analysis By Distribution Channel
Chapter 15 Latin America Asian Food Analysis and Forecast
   15.1 Introduction
   15.2 Latin America Asian Food Market Size Forecast by Country
      15.2.1 Brazil
      15.2.2 Mexico
      15.2.3 Rest of Latin America (LATAM)
   15.3 Basis Point Share (BPS) Analysis by Country
   15.4 Absolute $ Opportunity Assessment by Country
   15.5 Market Attractiveness Analysis by Country
   15.6 Latin America Asian Food Market Size Forecast By Cuisine
      15.6.1 Chinese
      15.6.2 Japanese
      15.6.3 Korean
      15.6.4 Thai
      15.6.5 Indian
      15.6.6 Others
   15.7 Basis Point Share (BPS) Analysis By Cuisine
   15.8 Absolute $ Opportunity Assessment By Cuisine
   15.9 Market Attractiveness Analysis By Cuisine
   15.10 Latin America Asian Food Market Size Forecast By Food Type
      15.10.1 Curry
      15.10.2 Noodles
      15.10.3 Soup
      15.10.4 Rice
      15.10.5 Dumplings
      15.10.6 Salads
      15.10.7 Others
   15.11 Basis Point Share (BPS) Analysis By Food Type
   15.12 Absolute $ Opportunity Assessment By Food Type
   15.13 Market Attractiveness Analysis By Food Type
   15.14 Latin America Asian Food Market Size Forecast By Form
      15.14.1 Fresh
      15.14.2 Frozen
      15.14.3 Dried
   15.15 Basis Point Share (BPS) Analysis By Form
   15.16 Absolute $ Opportunity Assessment By Form
   15.17 Market Attractiveness Analysis By Form
   15.18 Latin America Asian Food Market Size Forecast By Diet
      15.18.1 Veg
      15.18.2 Non-Veg
         15.18.2.1 Chicken
         15.18.2.2 Pork
         15.18.2.3 Seafood
         15.18.2.4 Others
   15.19 Basis Point Share (BPS) Analysis By Diet
   15.20 Absolute $ Opportunity Assessment By Diet
   15.21 Market Attractiveness Analysis By Diet
   15.22 Latin America Asian Food Market Size Forecast By Distribution Channel
      15.22.1 Online
      15.22.2 Offline
   15.23 Basis Point Share (BPS) Analysis By Distribution Channel
   15.24 Absolute $ Opportunity Assessment By Distribution Channel
   15.25 Market Attractiveness Analysis By Distribution Channel
Chapter 16 Middle East & Africa (MEA) Asian Food Analysis and Forecast
   16.1 Introduction
   16.2 Middle East & Africa (MEA) Asian Food Market Size Forecast by Country
      16.2.1 Saudi Arabia
      16.2.2 South Africa
      16.2.3 UAE
      16.2.4 Rest of Middle East & Africa (MEA)
   16.3 Basis Point Share (BPS) Analysis by Country
   16.4 Absolute $ Opportunity Assessment by Country
   16.5 Market Attractiveness Analysis by Country
   16.6 Middle East & Africa (MEA) Asian Food Market Size Forecast By Cuisine
      16.6.1 Chinese
      16.6.2 Japanese
      16.6.3 Korean
      16.6.4 Thai
      16.6.5 Indian
      16.6.6 Others
   16.7 Basis Point Share (BPS) Analysis By Cuisine
   16.8 Absolute $ Opportunity Assessment By Cuisine
   16.9 Market Attractiveness Analysis By Cuisine
   16.10 Middle East & Africa (MEA) Asian Food Market Size Forecast By Food Type
      16.10.1 Curry
      16.10.2 Noodles
      16.10.3 Soup
      16.10.4 Rice
      16.10.5 Dumplings
      16.10.6 Salads
      16.10.7 Others
   16.11 Basis Point Share (BPS) Analysis By Food Type
   16.12 Absolute $ Opportunity Assessment By Food Type
   16.13 Market Attractiveness Analysis By Food Type
   16.14 Middle East & Africa (MEA) Asian Food Market Size Forecast By Form
      16.14.1 Fresh
      16.14.2 Frozen
      16.14.3 Dried
   16.15 Basis Point Share (BPS) Analysis By Form
   16.16 Absolute $ Opportunity Assessment By Form
   16.17 Market Attractiveness Analysis By Form
   16.18 Middle East & Africa (MEA) Asian Food Market Size Forecast By Diet
      16.18.1 Veg
      16.18.2 Non-Veg
         16.18.2.1 Chicken
         16.18.2.2 Pork
         16.18.2.3 Seafood
         16.18.2.4 Others
   16.19 Basis Point Share (BPS) Analysis By Diet
   16.20 Absolute $ Opportunity Assessment By Diet
   16.21 Market Attractiveness Analysis By Diet
   16.22 Middle East & Africa (MEA) Asian Food Market Size Forecast By Distribution Channel
      16.22.1 Online
      16.22.2 Offline
   16.23 Basis Point Share (BPS) Analysis By Distribution Channel
   16.24 Absolute $ Opportunity Assessment By Distribution Channel
   16.25 Market Attractiveness Analysis By Distribution Channel
Chapter 17 Competition Landscape
   17.1 Asian Food Market: Competitive Dashboard
   17.2 Global Asian Food Market: Market Share Analysis, 2022
   17.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      17.3.1 Ajinomoto Co., Inc.
      17.3.2 Heiploeg Group
      17.3.3 Nichirei
      17.3.4 Nissin Foods
      17.3.5 NONGSHIM CO.,LTD.
      17.3.6 Nestle
      17.3.7 CJ CheilJedang Corp.
      17.3.8 Taylor Farms
      17.3.9 Thai Union Group PCL
      17.3.10 Unilever
      17.3.11 NR Instant Produce Public Company Limited
      17.3.12 Campbell Soup Company
      17.3.13 Haldiram's India Pvt Ltd

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FAQ Section

Some frequently asked questions about this report!

Additional company profiles can be provided on request. For a discussion related to the above findings, click Speak to Analyst

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

Increasing consumer demand for Asian cuisine and rise in popularity of Asian foods are the factors expected to drive the market growth during the forecast period.

According to this Growth Market Reports report, the Global Asian Food Market is likely to register a CAGR of 7.1% during the forecast period 2023-2031, with a projected valuation of USD ~805,080.2 Million by the end of 2031.

Factors such as Rising Economic Growth and Supply and Demand are analyzed in the final report.

Major manufacturers 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.

The pandemic had a significant impact on various markets, including the Asian Food market. Throughout the COVID-19 pandemic, SARS-CoV-2 has mutated in ways that have significantly impacted pathogenesis. Moreover, a temporary decline in the sale of Asian food products was registered during the pandemic period, owing to lockdowns and restrictions.

In addition to market size (in US$ Million), Pricing Analysis, Consumer Preference & Buying Behaviour Analysis, is provided in the final report.

The forecast year considered for the Global Asian Food Market report is 2023-2031.

The base year considered for the Global Asian Food Market report is 2022. The complete analysis period is 2016 to 2031, wherein, 2016 to 2021 are the historic years, and the forecast is provided from 2023 to 2031.