Sudachi Market size to exceed $53,015 Thousand by 2027
Published Date: April 28, 2021 Authors: Kunal Ahuja, Sonal Singh
Sudachi Market size is set to surpass USD 53,015 Thousand by 2027, according to a new research report by Global Market Insights Inc. Increasing health concerns and rising awareness of sudachi among consumers is propelling the market outlook owing to its sweet, sour, and unique taste which are highly used as healthy ingredients to prepare salads and seafood.
Increasing innovation in food industry is expected to fuel the business landscape
Global Sudachi market from food application is expected to exceed USD 29,730 thousand by 2027 with a CAGR of over 1.4%. Sudachi flavors are gaining popularity in different categories of food segment, due to its enriched benefits. It also provides a natural flavor as well as taste to the product. They are mostly used in a variety of food segments such as meat, poultry and seafood as well as deserts. Further, the food industry is constantly innovating with the changing consumer behavior and increasing the demand of new flavors. These factors are expected to propel the industry dynamics.
Browse key industry insights spread across 300 pages with 131 market data tables and 30 figures & charts from the report, “Sudachi Market Forecasts By Application Food [Deserts, Sauces & dressings, Meat, Poultry & Seafood, Bakery] Beverage, and others), Type (Juice, Puree, and others), Regional Outlook, Application Potential, Price Trends, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
“Sudachi industry from Puree is anticipated to register over 1% CAGR from 2021 to 2027, driven by increasing demand for puree type of sudachi.”
Sudachi market from puree is expected to exceed USD 10,460 Thousand by 2027. Scarcity of cooking time, demand for high shelf-life products as well as increase in the demand for packaged products are some of the major factors driving the demand for puree type sudachi. Moreover, purees are easy to store at home and are more convenient at the time of travelling compared to juice, thus boosting the market statistics. However, limited availability of the product through e-commerce is expected to hamper the market growth.
“Europe Sudachi market is forecast to grow at over 1.5% by 2027, owing to rising demand for natural citrus flavours”
Europe Sudachi industry is expected to exceed USD 7,350 thousand by 2027. Innovative ice cream flavours and acceptance of foreign cuisines such as Japanese is expected to augment sudachi demand in the region. The region has been witnessing high demand from dairy, beverages, meat products and savoury industry. This is expected further accelerating the regional market share.
Rising consumer preference towards organic labels and exotic flavours has increased the demand for sudachi in the European market. Established presence of beverage industry in Europe along with increasing demand for new and exotic flavours in the alcoholic as well as non-alcoholic beverages is expected to boost the market outlook in the region.
Key manufacturers in Sudachi market includes Nishiji foods, Yakami Orchard, The Wasabi Company, The Bando Foods Company and Yuzuya Honten Co., Ltd. Companies are implementing strategic initiatives such as collaboration and expansion to enhance market share.