Global Dim Sun Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Dim Sun Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Dim Sun market finds that the global Dim Sun market reached a value of USD 4621.22 million in 2022. It’s expected that the market will achieve USD 11428.97 million by 2028, exhibiting a CAGR of 16.29% during the forecast period.

Difficulties in the operation of SMEs

COVID-19 has had a huge impact on the operations of the global dim sun industry, especially small industry players. The supply chain disruption and the decline in downstream demand caused by the epidemic caught many small and medium-sized enterprises by surprise, uneven capital turnover, unsalable products, and even suspension of production. The suspension of production not only exacerbated the shortage of funds for small and medium-sized enterprises, but also reduced the solvency of enterprises and affected production and sales. Some companies have difficulties in business operations and even went bankrupt.

The production cost of enterprises increases

As the epidemic was gradually brought under control, some factories began to resume work. However, in the process of production and operation, companies need to protect the lives and health of employees, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after production, and checking employees' body temperature every day to ensure their health. These measures will increase the production cost of the enterprise and affect the development of the enterprise.

The popularity of Chinese food continues to expand globally

More and more Chinese tourists flock to all over the world, and Chinese cuisine is becoming more and more common. In the United States, where countless pizzas are consumed every day, the number of operating Chinese restaurants exceeds the combined number of Pizza Hut, McDonald's and Taco Bell. With the changes of the times, Chinese food has almost become a way of life. With its rich national food culture, Chinese cuisine is becoming the favorite of overseas countries. Looking at the food industry, it not only sets foot in restaurants, but you can easily encounter multiple street vendors and food trucks, always crowded to serve this ethnic cuisine, sometimes with its own characteristics. Many Chinese joints and food stores have spread all over the world, making Chinese food culture more accessible and popular. Under this trend, the dim sun is known and loved by more and more people around the world. With the increase in popularity, the global dim sun market is gradually expanding.

Restraints

As the market becomes increasingly globalized year by year and the world population continues to grow, the scale and complexity of the global food supply chain will only continue to increase. It is precise because of these megatrends that affect the large-scale production and distribution of food that food safety compliance has never been more important. Each country has a different regulatory agency responsible for setting and implementing domestic food safety standards. In order to sell or manufacture food in any particular country, domestic and international companies must abide by that country’s food safety legislation and enforcement measures.

Brand building

Consumers are becoming more and more interested in the stories behind their food products and their significant influence on purchasing decisions will lead companies to pay more and more attention to storytelling in brand strategy. Although the source of ingredients has always been important, consumers' interest in discovering the stories behind the food has risen further and is increasingly influencing purchasing decisions. Consumers can learn more about how the product is produced, which will stimulate their attention, which will promote an understanding of the benefits of the product, and help build trust that is vital to the brand. Therefore, companies can pay more and more attention to the ingredient source platform to highlight the taste and quality of their products, as well as their uniqueness and sustainability efforts. Therefore, a series of information can be conveyed to consumers, including flavor/taste, processing method, cultural and traditional background, and more obvious geographical origin. Through the information that consumers are interested in, building influential brands will provide more development opportunities for participants in the global dim sun industry.

Region Overview:

In 2022, the share of the Dim Sun market in China stood at 65.29%.

Company Overview:

General Mills is one of the major players operating in the Dim Sun market, holding a share of 10.65% in 2023.

General Mills

General Mills is mainly engaged in food processing business and is the sixth largest food company in the world. Its main brands include Haagen-Dazs, Betty Crocker, Hulk (brand) and Wan Chai Dumplings, as well as a variety of breakfast cereal brands.

Sanquan Foods Co., Ltd.

As the pioneer and leader of China's quick-frozen food industry, Sanquan Foods is currently the country's largest quick-frozen food manufacturer. Sanquan Foods has always been at the forefront of the delicious and healthy fields of Chinese quick-frozen foods, fully inheriting and carrying forward the traditional food culture, using modern technology and technology, focusing on the research and development of different flavors of food, and bringing consumers fresh, high-quality food and a better modern life.

Segmentation Overview:

By type, Dumpling segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Home segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Dim Sun market covered in Chapter 3:

Jin Dian King
Mei sum
Guangtoulaoliansheng
Guangzhou Restaurant
General Mills
The Dim sun Company B.V
Jin Cheng Food
royal gourmet
Sanquan Foods Co., Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the Dim Sun market from 2018 to 2029 is primarily split into:

Dumpling
Rolls
Bun
Cake
Steamed meatball

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Dim Sun market from 2018 to 2029 covers:

Dim sun Brunch Restaurants
Teahouses
Home

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)