For a long time, the cure for diabetes type 1 and type 2 has relied on agonizing insulin shots for patients or insulin infusion via mechanical pumps. Regarding this, experts have been creating artificial pancreatic beta cells with the he…
The global Dim Sun market size was valued at USD 4621.22 Million in 2022 and will reach USD 11428.97 Million in 2028, with a CAGR of 16.29% during 2022-2028.
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.
The Dim Sun market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Dim Sun market covered in Chapter 4:
Jin Dian King
Jin Cheng Food
Guangtoulaoliansheng
General Mills
The Dim sun Company B.V
Guangzhou Restaurant
Sanquan Foods Co., Ltd.
Mei sum
royal gourmet
In Chapter 12 and Chapter 14.1, on the basis of types, the Dim Sun market from 2018 to 2028 is primarily split into:
Dumpling
Rolls
Bun
Cake
Steamed meatball
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Dim Sun market from 2018 to 2028 covers:
Dim sun Brunch Restaurants
Teahouses
Home
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Dim Sun market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Dim Sun market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Dim Sun industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Dim Sun industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Dim Sun market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Dim Sun market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Dim Sun market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Dim Sun market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028