China Oyster Sauce Market

Oyster Sauce contains oyster extracts, sugar, salt, and water thickened with corn starch and is prepared by cooking oysters and seasonings. The oyster sauce is a good source of protein, sodium, vitamins, minerals, and other nutrients. It is a staple product and an essential flavoring ingredient that is used in different chinese dishes.

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The key factor which is boosting the growth of the china oyster sauce market includes the rising popularity of Asian cuisine, along with inclination of consumer towards cooking at home rather than dining out. In addition to this, the growing awareness regarding healthy eating habits has increased the importance of home-cooked food, which will further enhance the market growth in the coming years. Additionally, the increasing disposable income has changed consumer preference for using the oyster sauce in various dishes, which will drive the growth of the china oyster sauce market. Moreover, the increasing population is getting influenced by TV shows such as MasterChef US and Top Chef, which is encouraging the consumers to explore different flavoring and sauces, thereby surging the demand for the oyster sauce in the market during the forecast period. Moreover, numerous key players are investing in innovative packaging solutions that can help in retaining the product’s texture, quality, color, and taste. On the other hand, the easy availability of substitutes of oyster sauce such as fish sauces, fish sauces, and mushroom sauces may hinder the growth of the china oyster sauce market. ­­­

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Based on the application, the household segment is expected to grow at a higher CAGR during the forecast period in the china oyster sauce market owing to the increasing usage of oyster sauce in different cuisines and the growing preference for homemade food. Moreover, the easy availability of oyster sauce will further support the market growth of this segment.

Based on the Distribution Channel, online segment is projected to grow a faster CAGR over the forecast period owing to the rising number of smartphone and internet users. In addition to this, the rapid adoption of e-commerce sites across china will drive the growth of the online segment. The online channel offers exceptional benefits such as reasonable price, heavy discount, hassle-free delivery, and branded products.

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Various notable players operating in the market include Lee Kum Kee International Holdings Ltd., Foshan Haitian Flavoring & Food Co., Kikkoman Corporation, Ajinomoto Co. Inc., Nestle, and Kraft Heinz Company, among others.

Key Developments: 

• • In 2020, Lee Kum Kee International Holdings Ltd launched oyster sauce to cater the growing demand of consumers in China.

The China Oyster Sauce market has been segmented on the basis of the Application and Distribution Channel. Based on the Application, the market is segmented into Household and Commercial. Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Convenience Stores and Online.

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Key questions answered in this research report:

• • At what pace is China Oyster Sauce market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Oyster Sauce market? What will be the impact of drivers and restraints in the future?
  • Which application generated maximum revenues in 2019 and identify the most promising application during the forecast period?
  • What are the various distribution channels of China Oyster Sauce market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

China Oyster Sauce Market by Application

• • Household
  • Commercial

China Oyster Sauce Market by Distribution Channel

• • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online

Major Players Operating the Oyster Sauce (Option: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Lee Kum Kee International Holdings Ltd.
  • Foshan Haitian Flavoring & Food Co.
  • Kikkoman Corporation
  • Ajinomoto Co. Inc.
  • Nestle
  • Kraft Heinz Company