The international Miso market is anticipated to grow at a CAGR of 4.7% over the course of the estimated period, according to a report by Future Market Insights. The market is expected to be worth USD 107.4 billion in 2032 as opposed to USD 67.8 billion in 2022, according to forecasts.
| Attributes | Details |
|---|---|
| The market size value in 2022 | USD 67.8 billion |
| Market forecast value in 2032 | USD 107.4 billion |
| Forecast period | 2022 to 2032 |
| Global growth rate (CAGR) | 4.7% |
| The growth rate of Australia in the Miso market | 2.5% |
Miso is produced by processing soybean, rice, barley, and ingredients with the fungus Aspergillus oryzae, salt, and other ingredients. It is a common Japanese seasoning that can be found in pickled meats and vegetables, miso soup, sauces, spreads, and condiments.
Because it contains a lot of protein, vitamins, and minerals, miso is a favorite food of those who are conscious of their health. Although modern cookery also utilizes miso in savory, fruity, earthy, and sweet recipes, it is usually salty. The materials and fermentation process have an impact on the flavor and aroma of miso.
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Future Market Insights estimates that the global market for miso will reach USD 65.4 billion in 2021 from USD 56.6 billion in 2017, rising at a CAGR of 3.7%.
The global miso market is expanding as a result of rising consumer demand for nutrient-dense foods and rising health consciousness. The high protein, vitamin, and mineral content of miso are what drive the worldwide miso market. The global miso market is being driven by macroeconomic reasons such as a growing economy, changing lifestyles, rising domestic income, and a quickening rate of urbanization.
The international Miso market is anticipated to grow at a CAGR of 4.7% over the course of the estimated period, according to a report by Future Market Insights.
Miso paste is a fermented food that's popular in Japanese cuisine. It's made from soybeans, rice, barley, and other grains. Miso paste is used to add flavor to soups, sauces, and marinades. It's also a good source of protein, vitamins, and minerals.
North America leads the global miso market with a share of more than 40%. The region is expected to continue its dominance during the forecast period. The growing popularity of Japanese cuisine in North America is the key factor driving the growth of the miso market in the region.
Other regions such as Asia-Pacific and Europe are also witnessing significant growth in the demand for miso paste. The growing health consciousness among consumers and the increasing number of working women are some of the other factors driving the growth of the global miso market.
Europe has become an increasingly attractive market for Japanese miso producers. There are a number of factors that have made Europe an attractive market for miso. Firstly, the continent has a large and growing population of Asian immigrants. This has led to a growing demand for Asian food products, including miso.
Secondly, European consumers are becoming more health conscious and are looking for healthy food options. Miso is a nutritious food that is low in fat and high in protein. It is also rich in vitamins and minerals.
Thirdly, European countries have developed a taste for Japanese cuisine. This has led to a growing demand for Japanese food products, including miso.
In recent years, Japan has been emerging as an opportunistic miso market. This is due to a number of factors, including the growing popularity of Japanese cuisine worldwide, the availability of high-quality miso products, and the relatively low price of miso in Japan.
Japanese cuisine frequently uses miso, a fermented soybean paste. It is used as a condiment or ingredient in many recipes and has a savory, umami flavor. Protein and vitamins are both abundant in miso.
The growing popularity of Japanese cuisine worldwide is one factor that is driving the demand for miso. In particular, the popularity of sushi and other Japanese dishes has led to an increase in the number of people who are interested in trying authentic Japanese food.
The miso paste market is expected to grow at a compound annual growth rate of 4.7% from 202 to 2032. The growing demand for healthy and organic food products is expected to be a key driver of market growth.
The food services industry is playing a major role in the growth of the miso-paste market. Many restaurants and food service companies are using miso paste as an ingredient in their dishes. This is because miso paste is a healthy and flavorful alternative to other ingredients such as salt and soy sauce.
In addition, the food services industry is providing a platform for the marketing and promotion of miso paste. Many restaurants and food service companies are featuring dishes that contain miso paste on their menus and websites. This is helping to raise awareness of this healthy and flavorful ingredient among consumers.
It is projected that supermarkets will experience the maximum miso sales. The main reason for this is that supermarkets provide a one-stop shopping experience for customers. In addition, supermarkets usually have a wider selection of products than other types of stores. They also typically sell food items at a lower price than other retailers.
Sales of miso, a popular fermented soybean paste, will continue to grow in supermarkets. This is because the number of supermarkets is increasing and more people are becoming aware of the benefits of miso. The health benefits of miso include its ability to improve digestion, boost immunity, and fight inflammation.
Most companies are focusing on innovation and new product launches in order to meet consumers' growing demand and maintain their leadership positions in the market for Miso.
Businesses in the Miso market sector are always introducing new types of ingredients in order to meet changing consumer needs and capture the greatest market feasible. Businesses are working on expanding their distribution networks in order to reach new markets.
The pricing strategies employed by manufacturers of Miso who were positioned across geographic boundaries, sales growth, manufacturing capability, and speculative production development were all carefully analyzed by FMI in a recent report.
The entire study takes into account recent alterations that the FMI team has been studying that have an impact on Miso manufacturers.
| Attribute | Details |
|---|---|
| Forecast period | 2022 to 2032 |
| Historical data available for | 2017 to 2022 |
| Market analysis | USD million in value |
| Key regions covered |
North America; Eastern Europe; Western Europe; Japan; South America; Asian Pacific; Middle east and Africa |
| Key countries covered |
USA, Germany, France, Italy, Canada, United Kingdom, Spain, China, India, Australia |
| Key segments covered |
Product Type, Raw material, End-User, Distribution channel, Region |
| Key companies profiled |
iyasaka Jozo Co.; Marukome; Source Foods,; Saikyo-Miso Co.; Miyako Oriental Foods Inc.; Hikari Miso Co. Ltd.; The American Miso Company; Yamato Soysauce & Miso Co. |
| Report Coverage |
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| Customization and Pricing | Available upon request |
The Miso market size is assessed to USD 67.8 billion in 2022.
The Miso market is expected to rise at a CAGR of 4.7%.
USA, China, Canada, Germany, China, India, United Kingdom, and Australia are the major countries driving demand for the Miso market.
China's Miso market is projected to grow at a CAGR of around 5.7% over the next ten years.
The market share of Germany in the Miso market is about 25.1% of the global market.
iyasaka Jozo Co., Marukome, Source Foods, Saikyo-Miso Co., Miyako Oriental Foods Inc. are expected to be the top players driving the market growth.
The global Miso market is forecasted to surpass USD 107.4 billion by the end of 2032.
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