The global oyster sauce market size is expected to reach USD 11.16 billion by 2025 registering a CAGR of 4.5%, according to a new report by Grand View Research, Inc. Growing popularity of Asian cuisine across the globe is one of the key factors driving the product demand. Oyster sauce is an integral part of Japanese, Chinese, Thai, Vietnamese, Indonesian, and Malaysian cuisines. The product has been gaining popularity due to its savory flavor, making it an ideal ingredient for flavoring different types of meats and vegetables. This is also likely to boost the product demand over the forecast period.
Moreover, companies in the market are focusing on product innovation, which will also have a positive impact on the demands. For instance, in April 2018, Maggi introduced its new product, Maggi Oyster Sauce, which is a blend of Japanese and Korean oyster flavors. Household application is expected to witness the fastest CAGR of 4.7% over the forecast period. Wide usage of oyster sauce in preparation of different cuisines and preference for homemade food due to growing culinary trends are driving the product demand in this segment.
Request a Sample Copy of the Global Oyster Sauce Market Research Report @ www.grandviewresearch.com/industry-analysis/oyster-sauce-market/request/rs1
Further key findings from the study suggest:
Have Any Query? Ask Our Experts @ www.grandviewresearch.com/inquiry/6419/ibb
Grand View Research has segmented the global oyster sauce market on the basis of application, distribution channel, and region:
Oyster Sauce Application Outlook (Revenue, USD Million, 2015 – 2025)
Oyster Sauce Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)
Oyster Sauce Regional Outlook (Revenue, USD Million, 2015 – 2025)
Browse Related Report:
Carbonated Soft Drinks Market: www.grandviewresearch.com/industry-analysis/carbonated-soft-drinks-market
Halal Food and Beverage Market: www.grandviewresearch.com/industry-analysis/halal-food-market
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Media ContactCompany Name: Grand View Research, Inc.Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.Email: Send EmailPhone: 1-415-349-0058, Toll Free: 1-888-202-9519Address:201, Spear Street, 1100 City: San FranciscoState: CaliforniaCountry: United StatesWebsite: https://www.grandviewresearch.com/industry-analysis/oyster-sauce-market