PUBLISHER: Polaris Market Research | PRODUCT CODE: 1552518
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1552518
The global mirin market size is expected to reach USD 425.03 million by 2032, according to a new study by Polaris Market Research. The report "Global Mirin Market Size, Share, Trends, Industry Analysis Report: By Type (Aji-mirin and Hon-mirin), By Application (Residential and Commercial), By Distribution Channel, and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2024-2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global mirin market is experiencing notable growth owing to the increasing consumer interest in authentic Japanese cuisines and a rising preference for versatile cooking ingredients. Key drivers include the growing popularity of Asian culinary traditions, the expansion of Japanese restaurants and food products worldwide, and emerging home cooking and gourmet food trends. Additionally, the shift in preference of health-conscious consumers toward natural and less processed ingredients has propelled the demand for mirin, a naturally fermented rice wine.
Trends shaping the mirin market include innovations in mirin production, such as low-sugar and premium variants, and the expansion of distribution channels, including online grocery platforms and specialty stores.
The competitive landscape of the global mirin market is characterized by a mix of traditional producers and emerging players focusing on premium and specialty products. Established companies such as Kikkoman and Mizkan leverage their extensive distribution networks and brand reputation to maintain market dominance.
Aji-mirin, often referred to as "fake" or "sweetened" mirin, is the dominating segment due to its widespread availability, affordability, and suitability for a variety of culinary applications.
By application, the commercial segment dominates the global mirin market.
Based on distribution channel, the supermarkets & hypermarkets segment dominates the global mirin market. These retail formats offer a broad selection of food products, including mirin, making them a primary shopping destination for consumers seeking convenience and variety.
Asia Pacific dominates the global market, primarily due to its cultural affinity for Japanese cuisine and the high consumption rates of mirin in countries such as Japan, China, and South Korea.
The major players in the market include Kikkoman Corporation, Mizkan Holdings, Yamasa Corporation, Takara Shuzo Co., Ltd., Ohsawa Japan, Marukin Shoyu Co., Ltd., Suzuya Co., Ltd., Shoda Shoyu Co., Ltd., Maruzen Showa Co., Ltd., Shinkichi Kogyo Co., Ltd., Lee Kum Kee, Aji-No-Moto Co., Ltd., Nakano Vinegar Co., Ltd., Sun Noodles, Inc., San-J International, Inc.
Polaris Market Research has segmented mirin market report on the basis of type, application, distribution channel, and region
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