The Sudachi market is set to record commendable gains through the ensuing years, owing to the rising health awareness amongst consumers and the multiple health benefits of Sudachi. The industry growth is also propelled by the launch of numerous Sudachi flavored products by manufacturers across various sectors.
Considering an instance, in July 2020, Otsuka Pharmaceutical Factory, Inc., announced the roll-out of HINORA (Sudachi flavor, flavor-free), a quasi-drug oral care gel (medicated toothpaste), and an oral moisture gel, oral cosmetic called HINORA Moisture Gel (Sudachi flavor, flavor-free).In addition to such advancements, the rising usage of Sudachi in non-alcoholic drinks and desserts as flavor enhancers is set to propel the demand for Sudachi juice and other products through the coming years. On this note, as per the latest study by Global Market Insights, Inc., the global Sudachi market size is anticipated to reach more than USD 53,015 thousand by 2027.
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Some major trends likely to impel Sudachi industry outlook are as follows:
Rising demand in beverages
The Sudachi market size from beverages accounted for a value of more than USD 19,870 thousand in 2020 and is anticipated to grow at the rate of more than 1.7% through 2027. The segment growth is propelled by the rising demand for exotic flavors and the increasing fondness for organic labels.
In terms of flavors, consumers have become more flexible and are ready to conduct experiments with exotic tastes. This has led to an increased deployment of Sudachi flavors in food items as well as drinks.
Increasing popularity of Sudachi in juices
The Sudachi industry from juice application is estimated to record USD 38,450 thousand with a growth rate of more than 1.7% over 2021-2027. The juice segment has a dominating share in the Sudachi market and is expected to exhibit fastest rate of growth over the analysis period.
This is attributed to its high compatibility with beverage segment considering that it is easy to shake, mix, blend, and stir. These factors are expected to drive the growth of the Sudachi market, impelling product adoption through the anticipated period.
Escalating product deployment in the Asia Pacific
Asia Pacific is characterized by the growth of the natural citrus flavor industry and is a leading Sudachi producing region at the global level and is renowned for exports. Nations comprising Japan and China are prominent contributors.
The Asia Pacific Sudachi market share is expected to reach a valuation of USD 28,865 thousand with a substantial growth rate of more than 1.5% from 2021 to 2027. The region is likely to witness a high rate of growth in the beverages sector with innovation in natural flavors.
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Expanding usage of Sudachi as a flavoring agent
Sudachi is utilized as a flavoring agent as it has a higher content of ascorbic acid and calcium in comparison to lemons. Given that the product is healthy and natural, it is used in several traditional dishes in Japan. However, due to its limited capacity of production at the global level, the final product is very expensive as it increases the costs of raw material for manufacturers.
On the whole, increasing consumer awareness associated with the importance of health will bolster the growth of Sudachi market share through the forecasted period.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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