Oyster Sauce Markets in Europe, 2024-2031 - Expected to Register a Cumulative CAGR of 11.9% - Country-Level Insights by Product Type, Distribution Channel and Application [Yahoo! Finance]
AJINOMOTO CO UNSP/ADR (AJINY)
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Source: Yahoo! Finance
The Europe Oyster Sauce Market is expected to witness market growth of 11.9% CAGR during the forecast period, 2024-2031. In the year 2021, the Europe market's volume surged to 129,313.2 tonnes, showcasing a growth of 10.8% (2020-2024). The German market dominated the Europe 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 $1.05 billion by 2031. The UK market is exhibiting a CAGR of 11% during 2024-2031. Additionally, the France market is projected to experience a CAGR of 12.9% during 2024-2031. The growing food retail sector in Italy has significantly influenced the growth of the oyster sauce market, reflecting a broader trend towards diversification in Italian cuisine. According to the International Trade Administration (ITA), Italy's retail food sales reached $170.4 billion in 2022, marking a 2.1% increase over the previous year. This growth trend is particularly evident in discount sto
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