The Latin America, Middle East and Africa Oyster Sauce Market is expected to witness market growth of 13.7% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 92,833.6 tonnes, showcasing a growth of 11.9% (2024-2031).
Oyster sauce sales in convenience stores are steadily increasing, driven by the growing consumer demand for quick and easy access to essential cooking ingredients. Convenience stores, known for their accessibility and fast service, are ideal for customers seeking ready-to-use products for home cooking. Oyster sauce, being a key ingredient in Asian cuisine, is popular among consumers looking to prepare quick stir-fries and sauces. Thus, the Brazil market is expected to sale 13,047.6 tonnes of oyster sauce by convenience stores by 2031.
The Brazil market dominated the LAMEA Oyster Sauce Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $545.7 Million by 2031. The Argentina market is showcasing a CAGR of 14.5% during 2024-2031. Additionally, the UAE market would register a CAGR of 12.6% during 2024-2031.
Oyster sauce is often used in gourmet dishes to elevate the gastronomic experience. Chefs may utilize it as a finishing sauce or glaze for elegant presentations, showcasing its rich colour and flavour while complementing high-quality ingredients such as seafood or premium cuts of meat.
Additionally, oyster sauce can be incorporated into various snack foods, adding a savoury touch to items like popcorn, nuts, or chips. It can be used as a flavouring agent in savoury popcorn mixes or as a seasoning for roasted nuts, catering to consumers looking for unique snacking experiences.
This surge in the food service sector is attributed to a combination of factors, including a burgeoning population, a rise in tourism, and a growing expatriate community, all of which have led to an increased appetite for a variety of cuisines, including Asian dishes that prominently feature oyster sauce. As restaurants and hotels strive to enhance their menus to cater to diverse tastes, the demand for high-quality oyster sauce is expected to rise. Furthermore, the popularity of Asian cuisine, especially among younger consumers and food enthusiasts, positions oyster sauce as a staple ingredient, further propelling its market growth in the region.
Oyster sauce sales in convenience stores are steadily increasing, driven by the growing consumer demand for quick and easy access to essential cooking ingredients. Convenience stores, known for their accessibility and fast service, are ideal for customers seeking ready-to-use products for home cooking. Oyster sauce, being a key ingredient in Asian cuisine, is popular among consumers looking to prepare quick stir-fries and sauces. Thus, the Brazil market is expected to sale 13,047.6 tonnes of oyster sauce by convenience stores by 2031.
The Brazil market dominated the LAMEA Oyster Sauce Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $545.7 Million by 2031. The Argentina market is showcasing a CAGR of 14.5% during 2024-2031. Additionally, the UAE market would register a CAGR of 12.6% during 2024-2031.
Oyster sauce is often used in gourmet dishes to elevate the gastronomic experience. Chefs may utilize it as a finishing sauce or glaze for elegant presentations, showcasing its rich colour and flavour while complementing high-quality ingredients such as seafood or premium cuts of meat.
Additionally, oyster sauce can be incorporated into various snack foods, adding a savoury touch to items like popcorn, nuts, or chips. It can be used as a flavouring agent in savoury popcorn mixes or as a seasoning for roasted nuts, catering to consumers looking for unique snacking experiences.
This surge in the food service sector is attributed to a combination of factors, including a burgeoning population, a rise in tourism, and a growing expatriate community, all of which have led to an increased appetite for a variety of cuisines, including Asian dishes that prominently feature oyster sauce. As restaurants and hotels strive to enhance their menus to cater to diverse tastes, the demand for high-quality oyster sauce is expected to rise. Furthermore, the popularity of Asian cuisine, especially among younger consumers and food enthusiasts, positions oyster sauce as a staple ingredient, further propelling its market growth in the region.
List of Key Companies Profiled
- Ajinomoto Co., Inc.
- Lee Kum Kee Company Limited
- Pearl River Bridge
- Nestle S.A. (Nestlé India Limited)
- Amoy Food Ltd.
- Foshan Haitian Flavoring & Food Co. Ltd.
- Megachef (Marine Resources Development Co.,Ltd.)
- Pantainorasingh Manufacturer Co.,Ltd.
- MOTHER'S BEST
Market Report Segmentation
By Product Type (Volume, Tonnes, USD Billion, 2020-2031)- Non-MSG Oyster Sauce
- Vegetarian Oyster Sauce
- Supermarkets/Hypermarkets
- Convenience Stores
- Online
- Other Distribution Channels
- Commercial
- Household
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Oyster Sauce Market by Product Type
Chapter 5. LAMEA Oyster Sauce Market by Distribution Channel
Chapter 6. LAMEA Oyster Sauce Market by Application
Chapter 7. LAMEA Oyster Sauce Market by Country
Chapter 8. Company Profiles
Companies Mentioned
Some of the key companies profiled in this LAMEA Oyster Sauce Market include:- Ajinomoto Co., Inc.
- Lee Kum Kee Company Limited
- Pearl River Bridge
- Nestle S.A. (Nestlé India Limited)
- Amoy Food Ltd.
- Foshan Haitian Flavoring & Food Co. Ltd.
- Megachef (Marine Resources Development Co.,Ltd.)
- Pantainorasingh Manufacturer Co.,Ltd.
- MOTHER'S BEST
Methodology
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