Global Dumplings Market 2017-2021
Dumplings are a broad segment made from different dough wrapped around a sweet or savory filling. Dumpling dough can be made from different flours, bread, potatoes, and others. Its preparation, fillings, varieties, and product types depend greatly according to the region, such as African dumplings, American dumplings, Asian dumplings, Caribbean and Latin America dumplings, European dumplings, and others. All these products are quite different from each other.
Technavio’s analysts forecast the global dumplings market to grow at a CAGR of 7.51% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global dumplings market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Dumplings Market 2017-2021
Technavio recognizes the following companies as the key players in the global dumplings market: JINOMOTO, CJ Group, Genaral Mills, and Wei-Chuan.
Other Prominent Vendors in the market are: Conagra Brands, CSC Brand, Harvest Time Foods, J&J Snack Foods, Jians Dumplings, Juans, KETTLE CUISINE, Lucky Foods, Nestlé, Riviana Foods, and WayFong.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing investments. A notable increase in the consumption of dumplings across the globe is being witnessed. An increasing number of food services are placing dumplings on their menus. Household consumers also contribute to the high demand for dumplings. For the past few years, increasing number of manufacturers are taking a keen interest in the dumplings market. They are investing more in the dumplings market to expand their businesses. For instance, CJ CheilJedang is planning to expand its business of making dumplings to newer markets like China and Russia.”
According to the report, one of the major drivers for this market is 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. These dumplings are made available in most of the neighboring nations of China and countries like the US, France, Canada, Germany, and others.
Further, the report states that one of the major factors hindering the growth of this market is Product recalls. Food adulterations lead to different health and safety issues among consumers. This hinders the growth of the market. Added to this, faulty manufacturing and packaging deter the market growth further. This also leads to numerous product recalls that can damage the brand name and incur heavy losses to the players.
JINOMOTO, CJ Group, Genaral Mills, Wei-Chuan, Conagra Brands, CSC Brand, Harvest Time Foods, J&J Snack Foods, Jians Dumplings, Juans, KETTLE CUISINE, Lucky Foods, Nestlé, Riviana Foods, and WayFong.