Technavio analysts forecast the global dumplings market
to grow at a CAGR of almost 8% during the forecast period,
according to their latest report.
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Technavio has published a new report on
the global dumplings market from 2017-2021. (Graphic: Business
Wire)
The research study covers the present scenario and growth
prospects of the global dumplings market for 2017-2021. The market
is segmented based on product (frozen dumplings and ready-to-eat
dumplings) and geography (APAC, EMEA, and the Americas).
Dumplings are universal and every culture has their own version
of dumplings. The growth in the market is expected to be primarily
because of the increase in the demand for healthy meals and
appetizers. With the increasing popularity, a greater number of
consumers in almost all the developed and developing economies
purchase dumplings. However, the growth of the market will be
affected by the multiple products recalls that also have the
potential to hamper the brand image and the consumer trust.
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Technavio food and beverage research analysts highlight the
following three factors that are contributing to the growth of the
global dumplings market:
- Several dumpling varieties
- Increasing demand due to health
factors
- Changing lifestyles and
urbanization
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Several dumpling varieties
Dumplings are prepared all over the world in different forms.
Almost every region has their own version of dumplings in different
shapes, sizes, flavors, and fillings. They are consumed as
appetizers and in the main course. In Asia, dumplings are commonly
prepared in China, Japan, India, Indonesia, Filipino, Korea, and
others. In China, dumplings were introduced eons ago. Dumplings
like jiaozi, guotie, xiaolongbao, Cha Siu Bao, zongzi, and others
are popular in China and a part of the traditional Chinese
cuisine.
Manjunath Reddy, a lead food research analyst
at Technavio, says, “In Korea, dumplings are called Mandu, which
are mainly used to make a soup called Mandu-guk. In India, several
different varieties of dumplings are available. These product
varieties are available in different flavors and fillings that have
varying nutritional value. In the Americas, tortilla dumplings,
chicken dumplings, strawberry dumplings, ham dumplings and others
are available. In Europe, dumplings like Gnocchi, Kartoffelknoedel,
Khinkali, Ravioli, Pitepalts, and others are very popular. In
addition, some varieties of dumplings are available in different
flavors.”
Increasing demand due to health factors
Consumers are becoming more aware of the food ingredients and
look for "better-for-you" ingredients that are of high-quality.
Each culture makes their own kinds of dumplings, but there is a
need to make the dumplings healthy. Dumplings are made from
different kinds of fillings and prepared in multiple methods like
steaming, frying, steaming, baking, simmering, and others.
Different dumplings have different nutritional values.
“Most of the dumplings are considered healthy
as they contain fewer calories than that of other appetizers and
main course meals. Some of the dumplings like Gyoza, Pierogi,
Ravioli, Char Siu Bao, Pastéis, and others are considered as
healthy. In addition to this, many other dumpling varieties can be
made healthy by changing their filling and dough. For instance,
samosa, a popular Indian form of dumpling is usually oily and
unhealthy. However, changing the filling and cooking styles of
samosa make it healthy,” adds Manjunath.
Changing lifestyles and urbanization
The increase in urbanization indicates a rise in the income per
capita and disposable personal income, which leads to changes in
lifestyle and diet. Consumers actively look for healthier food
products. The food markets in most developed economies like Japan,
the US, Canada, and in some developing nations are getting
influenced by the shift in consumption pattern. Manufacturers are
also investing across various sectors.
The rise in the disposable income and improved economic
conditions in most countries are fueling the demand for healthy and
tasty convenience foods and dumplings. Urban lifestyle can also
lead to poor and deteriorating health conditions due to unhealthy
eating. Therefore, with the increasing awareness of the benefits of
healthy eating, the consumer demand for healthy and tasty food
options is increasing. The increased awareness of the
health-related benefits associated with it will drive the global
dumplings market during the forecast period.
Top vendors:
- AJINOMOTO
- CJ Group
- General Mills
- Wei-Chuan
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Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
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