The global sudachi market is expected to grow at a rate of more than 1.7% per year between 2022 and 2032, owing to the growing adoption of sudachi as a natural citrus flavoring agent in the food and beverage industry.
The COVID-19 outbreak has resulted in the shutdown of sudachi manufacturing units, causing supply chain disruptions and declining usage of sudachi around the world. This has had a negative impact on sudachi's raw material supply because the majority of raw materials are exported from Japan to other countries. This factor has caused its price to rise even further in a short period of time
The growing consumer awareness of sudachi and its benefits is propelling sudachi market statistics. The increased availability of the product due to e-commerce has accelerated the implication of the product.
Puree-type acceptance is expected to accelerate the trends in the sudachi market due to its longer shelf life when compared to liquid.
Attributes | Details |
---|---|
Sudachi Market Size (2022E) | USD 47.9 Million |
Sudachi Market Projected Size (2032F) | USD 56.7 Million |
Value CAGR (2022 to 2032) | 1.7% |
North America is expected to have the highest share of the product along with demand for natural citrus flavors in the coming years. Citrus fruits are high in vitamins, which help to boost a person's immunity when consumed on a regular basis which in turn influences the creation of lucrative opportunities and trends in the sudachi market.
Sudachi aids in the fight against germs and the repair of the body. This will assist the regional trends in expanding and gaining more share of the market in the coming years. Furthermore, Japanese and Southeast Asian cuisines are well-received in the USA. This is because low-calorie food products are becoming more popular, and people are becoming more aware of their health benefits. This factor is proving to be a positive scenario for the sudachi market expansion in North American regions.
Currently, the USA holds the largest sudachi market share and is expected to have the highest CAGR during the forecast period. This is due to a high adoption rate of exotic flavors as well as increased sudachi production in California farms which influences the expansion and trends prevailing in the market.
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Consumer awareness of the importance of health is boosting interest in the use of natural flavoring agents in food and beverage products, resulting in increased usage of the product along with boosting the size of the sudachi market in various parts of the world.
It provides health benefits and is frequently used as a lime alternative, resulting in increased consumer knowledge of health and acceptance of novel flavors, which is driving the sudachi market towards expansion during the forecast period. In addition, the increased adoption of sudachi as a flavor enhancer in desserts and non-alcoholic drinks is likely to boost the sudachi market.
Consumption of artificial flavorings in food products can cause allergic responses, abdominal pain, exacerbation of asthmatic symptoms, vomiting, food hypersensitivity, and diarrhea, to name a few.
As a result, greater awareness of the negative effects of chemical components that cause allergies is projected to enhance overall such statistics.
Sudachi is becoming more popular as a substitute for fake citrus flavors. Vitamin C, phosphorus, calcium, magnesium, and potassium, are all abundant in sudachi fruit naturally. As a result, there are numerous health benefits to eating sudachi. Furthermore, sudachi is grown in greenhouses, ensuring year-round availability, therefore, pushing up the consumption of the product to various parts of the world.
The market is projected to see a boom in the coming years as consumers' lifestyles change and rise disposable income. Sudachi is commonly used in meat, salads, seafood meals, and desserts because it enhances the flavor of the product without adding calories, which helps in the growth of the sudachi market.
The potential in the low-calorie food sector is expected to grow as the prevalence of diabetes rises across the country which accelerates the expansion of the sudachi market.
Since the outbreak of the COVID-19 pandemic, the USA population has become increasingly interested in eating healthy, low-calorie foods. This tendency is projected to support the trends and opportunities and the growth of the market n the USA.
Key reasons driving the sudachi market growth include rising use of the product along with natural citrus flavors, increased demand for Japanese cuisine, and increased consumer knowledge of sudachi. Sudachi is becoming increasingly popular because of its distinct flavor and is often used as a nutritious component in the preparation of pork, fish, poultry, and salads in the country which impacts the sudachi market trends in near future.
Due to its booming natural citrus flavor sector, China presently dominates the global sudachi market. Asia Pacific is a major sudachi producer, with the product being exported to countries across the world.
The beverage business in the region is booming, thanks to natural taste innovation. As a result, statistics in China are predicted to accelerate as a result of such circumstances.
The juice segment in the sudachi market is expected to approach USD 25.3 Million by 2027, with a CAGR of around 1.6%. It is most commonly taken as a juice, and because of its liquid nature, it is simple to blend and cook with a variety of foods. Although it has a shorter shelf life than sudachi powder, its compatibility with food makes it a superior choice.
When compared to puree and powder, the production of sudachi juice is less complicated and time-intensive. As a result, this component aids the sudachi market expansion.
The sudachi market is divided into three applications: beverage, food, and others. Food is further subdivided into the bakery, meat, poultry, seafood, sauces and dressings, desserts, and others.
Among these, the sauces and dressings segment is expected to grow by 1.2% over the forecast period. The meat, poultry, and seafood segment are expected to grow by 1.4% in the coming year.
The native fruit is mostly squeezed over Japanese grilled fish dishes. Sudachi, with its pleasant fragrance and tangy flavor, is known to reduce fishy odor and taste which positively influences the sudachi market during the forecast period.
The bakery segment will grow by more than 0.7%. Sudachi juice is also excellent for a variety of bakery items, including pastry fillings and cakes. Meanwhile, the other food segment is expected to grow by 1.0%.
The other application segment is expected to grow at a rate of 0.9% in the coming year. Sudachi is known to have numerous health benefits in addition to other advantages. It has been shown to help with calcium absorption and blood sugar regulation.
It can help to boost the immune system, reduce inflammation, and improve blood circulation if consumed on a regular basis, and impacts the opportunities in the sudachi market.
Desserts are the fastest expanding sub-segment in the food industry, because of the increased usage of sudachi in mousse, ice creams, ice pops, and other desserts.
Sudachi manufacturers are continuously experimenting with food products especially desserts, in order to provide consumers with unique products and gain a competitive advantage. This is leading to rapidly emerging trends in the dessert category.
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To increase overall sudachi market share, companies are implementing strategic initiatives such as collaboration and M&As. As the global sudachi market is still in its infancy, only small and medium-sized businesses sell the products. In the foreseeable time frame increased consumption of various food products is likely to boost the number of new entrants.
The biggies are investing in expanding their production capacities, either by building new manufacturing facilities or increasing the capacity of their existing manufacturing plants, in order to meet the consumer demand in the forum.
Attribute | Details |
---|---|
Forecast Period | 2022 to 2032 |
Historical Data Available for | 2017 to 2021 |
Market Analysis | USD Million for Value and MT for Volume |
Key Regions Covered | North America; Latin America; Europe; Asia Pacific; and the Middle East and Africa |
Key Countries Covered | USA, Canada, Mexico, Germany, United Kingdom, France, Italy, China, Japan, South Korea, Australia, Brazil, Middle East, Africa, and others |
Key Segments Covered | Type, Application, and Region |
Key Companies Profiled | Nishiji foods; The Wasabi Company; Yakami Orchard; The Bando Foods Company; Yuzuya Honten Co., Ltd.; SICA SAS SICODIS; Ponthier Sas; Barth Fruit AG; HIKARI FOODS CO., LTD.; Nishikidôri SASU PALMIFRANCE; Others |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The sudachi market share will reach nearly USD 47.9 Million by 2022.
The sudachi statistics is growing at a CAGR of 1.7% in 2022 and is expected to reach a market value of USD 56.7 Million in 2032.
The North American sudachi market is expected to register a 2.4% CAGR between 2022 and 2032.
The demand for sudachi is expected to grow at a 2.1% CAGR between 2022 and 2032.
The sudachi market is predicted to grow because of the growing adoption of sudachi as a natural citrus flavoring agent in the food and beverage industry across the globe, therefore, positively impacting the sudachi market growth.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type 5.1. Feed Type 5.2. Food Type 5.3. Fuel Type 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Food & Beverages 6.2. Animal Feed 6.3. Dietary Supplements 6.4. Pharmaceuticals 6.5. Personal Care 6.6. Bio Fuels 6.7. Others 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. East Asia 7.5. South Asia 7.6. Oceania 7.7. Middle East and Africa 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Nishiji Foods 17.2. The Wasabi Company 17.3. Yakami Orchard 17.4. The Bando Foods Company 17.5. Yuzuya Honten Co. 17.6. SICA SAS SICODIS 17.7. Ponthier Sas 17.8. Barth Fruit AG 17.9. HIKARI FOODS CO. LTD 17.10. Nishikidôri SASU PALMIFRANCE 17.11. Kaiser Foods 17.12. Ikeda 17.13. Others 18. Assumptions & Acronyms Used 19. Research Methodology
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