Okara Market
Okara Market Analysis by Bakery, Noodles, and Others from Protein, Fat, Calcium, Mineral, and Dietary Fiber Sources from 2023 to 2033
Analysis of Okara Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Okara Market Outlook (2023 to 2033)
Newly-released Okara Market analysis report by Fact.MR reveals that global sales of Okara in 2022 were held at US$ 1.9 Billion. With 7% projected growth from 2023 to 2033, the market is expected to reach a valuation of US$ 4 Billion by the end of the forecast period. The market is expected to garner significant revenue through application in bakery products. The market through this application is projected to grow at a CAGR of 6.9% from 2023 to 2033.
| Attributes | Details |
|---|---|
| Okara Market Size Value in 2022 | US$ 1.9 Billion |
| Okara Market Size Value in End of Forecast (2033) | US$ 4 Billion |
| Okara Market CAGR (2023 to 2033) | 7% |
| U.S. Okara Market CAGR (2023 to 2033) | 6.7% |
| Key Companies Covered | House Foods Group Inc.; Pulmuone Co. Ltd.; Kikkoman Corporation; Vitasoy International Holdings; Meijtofu; OKM Co. Ltd. |
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Revenue of Okara Market from 2018 to 2022 Compared to Demand Outlook for 2023 to 2033
As per the research of Okara Market by Fact.MR - a market research and competitive intelligence provider, historically, from 2018 to 2022, the market value increased at around 7.9% CAGR. With an absolute dollar opportunity of US$ 2 Billion, the market is projected to reach a valuation of US$ 4 Billion by 2033.
What Key Drivers are influencing the Market's Expansion?
The key drivers influencing the market is its use as a gluten-free, vegan, and plant-based flour with high nutritional values such as proteins, lipids, and dietary fibers.
The global production of soybeans in 2019 was around 336 million metric tons and in 2020 it reached around 353 million metric tons, marking a growth of around 5.1%. This increase in global production is likely to result in more production of tofu and soy milk which naturally transition into more okara production as a by-product. Okara as a biomass waste is a significant problem globally as it is estimated that 1 kg of soybean used in the process of making tofu or soymilk produces around 1.2 kg of Okara. This led to over 14 million tons of okara generation globally in 2020.
Around 30% of the overall food produced worldwide goes to waste. To reduce this food wastage and encourage zero waste food trend, upcycling of food is catching on. In 2020, the estimated market size of upcycled food was over US$ 46 billion. This growing trend is likely to gain demand for more upcycle food such as okara in the market.
In 2022 about 1 to 1.5% of the global population was affected by Celiac Disease and the global prevalence of celiac disease was 1.4% reported by blood tests and about 0.7% by biopsy. The only way to deal with celiac disease is to cut down on gluten completely. This has led to a gluten-free trend worldwide with the gluten-free food market valued at over US$ 6.6 billion in 2022. This trend can be expected to fuel the market for okara as it is used as gluten-free flour in bakery and gluten-free snacks.
The consumers’ preference for healthier foods is influencing the global market growth of probiotics. For instance, in 2018 the global market for probiotics was over US$ 49 Billion and the expected market size was over US$ 64 billion in 2022. This growth can have a significant impact on okara applications as it is also used in vegan probiotic drinks to promote gut health and immunity.
Okara can also have growth opportunities as plant-based meat in the future as The University of Singapore, Lithuania, and Finland had begun using okara as plant-based meat in 2021.
As okara is primarily considered agricultural waste it also has household applications as cattle feed. For instance, okara can be fed to lactating cows up to 90 g/kg in their diet for economic benefits.
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Which Region is Projected to Offer Significant growth in the Market?
Asia Pacific is a prominent shareholder in the market with a size of US$ 940 Million in 2022 and US$ 1 Billion in 2023. It is projected that Asia Pacific will have a market worth US$ 2 Billion in 2033.
Countries like Japan have been using okara in their side dishes from ancient times. The dish called Unohana has been part of Japanese cooking as vegan and protein-rich. In Indonesia, red tempeh is consumed as a staple protein source featuring okara.
The brands in Japan are also coming up with innovative food products featuring okara to commercialize this traditional delicacy. For instance, Japanese company Kurashiki Okara Cookies manufactures okara cookies and probiotic bars as tasty snacks with added health benefits. This traditional application of okara in Asian countries is likely to influence its market growth.
Country-Wise Analysis
"United States Market Analysis"
The United States Market is expected to grow to be worth US$ 673.6 Million with an absolute dollar growth of US$ 322.5 Million from 2023 to 2033. The market in the country has grown at a CAGR of 4.8% from 2018 to 2022 and is expected to grow at a CAGR of 6.7% from the year 2023 to 2033.
In the U.S. it is estimated that about 1.8 million people have celiac diseases and around 2 million people might be undiagnosed or have gluten intolerance. This has significantly influenced people to look for gluten-free options in the market. The trend to go vegan is also keeping up pace with over 9.5 million people in the U.S. following the plant-based diet in 2020. These growing trends in the U.S. can have a significant impact on the demand for okara as a plant-based, gluten-free flour for cooking.
"United Kingdom Okara Market Analysis"
The market in the United Kingdom is expected to grow to be worth US$ 102.2 Million with an absolute dollar growth of US$ 42.1 Million. The market in the country has grown at a CAGR of 3.5% from 2018 to 2022 and is expected to grow at a CAGR of 5.5% from 2023 to 2033.
Organic food sales are increasing and gaining demand in the U.K. as in 2020, European Union’s per capita expenditure on organic foods was over US$ 108 per individual. Consumers in the U.K. are also preferring vegan foods with an estimated 3.8 million people being vegan in 2020. This preference can significantly influence the demand for okara as it is used in organic, vegan, and gluten-free flour and used in cookies, cakes, and stir-fries.
"China Okara Market Analysis"
China's market is expected to grow to be worth US$ 1 Billion with an absolute dollar growth of US$ 577.6 Million from 2023 to 2033. The market has grown at a CAGR of 10% from 2018 to 2022 and is expected to grow at a CAGR of 8.5% from the year 2023 to 2033.
In China, okara has been in use in various cuisines such as pickles with added spices, and in some parts, okara is used as fermented cakes meitauza to cook as vegetables. Meitauza is consumed in China as a healthy food due to its high dietary fiber. This traditional use of okara in Chinese food can further influence the market in the country.
"Japan Okara Market Analysis"
The Japanese market is expected to grow to be worth US$ 638.7 Million with an absolute dollar growth of US$ 322.1 Million from 2023 to 2033. The market has grown at a CAGR of 8.2% from 2018 to 2022 and is expected to grow at a CAGR of 7.3% from 2023 to 2033.
Around 600k tons of okara is produced in Japan and this has created a significant amount of bio-waste having a harmful impact on the environment. To deal with this issue companies like OKM Co. Ltd. are using the nutritional values of okara to manufacture products like Okara powder, Okara noodles, and Karage powder to provide dietary fiber and gluten-free options for consumers. Such brands in Japan are expected to gain more popularity resulting in demand for okara in the market.
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Category-Wise Insights
Which Application of Okara is Projected to Witness Significant Growth in the Market?
Okara demand is projected to witness the significant growth through bakery application, as it has grown at a CAGR of 7.7% from 2018 to 2022 and is expected to grow at a CAGR of 6.9% from 2023 to 2033.
In 2022, over 326 million people in the US used Bakery. The gluten-free and healthier option of bakery is likely to gain demand with a growing number of health-conscious consumers. This can contribute to okara-based bakery gaining demand as a healthier substitute.
Which Nutritional Source of Okara is Projected to Witness Significant Growth?
Okara as Dietary Fiber is projected to witness significant growth as it has grown at a CAGR of 7.5% from 2018 to 2022 and is expected to grow at a CAGR of 6.8% from 2023 to 2033.
Some varieties of okara contain over 55% of insoluble dietary fiber. Due to this high amount of dietary fibers and low manufacturing cost, okara powder can gain demand as potential gluten-free and healthier replacement for wheat flour.
Competitive Analysis
Key players in the market are House Foods Group Inc., Pulmuone Co. Ltd., Kikkoman Corporation, Vitasoy International Holdings, Meijtofu, and OKM Co. Ltd.
The companies are participating in upcycle trends to reduce waste and creating innovative okara snacks, health drinks, and gluten-free flour substitutes.
Some of the recent developments in the market are:
- In November 2021, Abokichi launched their ABO Ramen featuring okara for added protein in the noodles to support upcycle movement and climate change.
- In September 2020, the Singapore team of Oh Soy developed soy-based okara products like cream cheese, cream soup powder, and sliced cheese with added DHA to promote brain health.
- In January 2021, Medoruma developed prepacked curry with okara to reduce food waste which is currently sold in Mikawaya stores and the online shop Base.
- In February 2021, Japanese OKM Co. Ltd. Launched its okara-based curry flakes as a gluten-free and vegan option for consumers in the U.S.
- In November 2020, Singapore’s start-up Soynergy closed its seed stage funding to expand its business of probiotic okara drinks with gut health benefits.
Segmentation of the Okara Market
-
By Product:
- Bakery
- Noodles
- Others
-
By Nutritional Sources :
- Protein
- Fat
- Calcium
- Minerals
- Dietary Fiber
-
By Application :
- Hotels
- Restaurants and Catering
- Food Processing
- Household
- Others
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background
- 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
- 5.1. Bakery
- 5.2. Noodles
- 5.3. Others
- 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Nutritional Sources
- 6.1. Protein
- 6.2. Fat
- 6.3. Calcium
- 6.4. Minerals
- 6.5. Dietary Fiber
- 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
- 7.1. Hotels
- 7.2. Restaurants and Catering
- 7.3. Food Processing
- 7.4. Household
- 7.5. Others
- 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
- 8.1. North America
- 8.2. Latin America
- 8.3. Europe
- 8.4. Asia Pacific
- 8.5. MEA
- 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
- 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
- 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
- 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
- 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
- 14. Key Countries Market Analysis
- 15. Market Structure Analysis
- 16. Competition Analysis
- 16.1. House Foods Group Inc.
- 16.2. Pulmuone Co., Ltd.
- 16.3. Meijitofu
- 16.4. Kikkoman Corporation
- 16.5. Vitasoy International Holdings Limited
- 16.6. OKM Co. Ltd.
- 17. Assumptions & Acronyms Used
- 18. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (Tons) Forecast by Region, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 4: Global Market Volume (Tons) Forecast by Application, 2018 to 2033
Table 5: Global Market Value (US$ Million) Forecast by Nutritional Sources, 2018 to 2033
Table 6: Global Market Volume (Tons) Forecast by Nutritional Sources, 2018 to 2033
Table 7: Global Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 8: Global Market Volume (Tons) Forecast by Application, 2018 to 2033
Table 9: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 10: North America Market Volume (Tons) Forecast by Country, 2018 to 2033
Table 11: North America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 12: North America Market Volume (Tons) Forecast by Application, 2018 to 2033
Table 13: North America Market Value (US$ Million) Forecast by Nutritional Sources, 2018 to 2033
Table 14: North America Market Volume (Tons) Forecast by Nutritional Sources, 2018 to 2033
Table 15: North America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 16: North America Market Volume (Tons) Forecast by Application, 2018 to 2033
Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 18: Latin America Market Volume (Tons) Forecast by Country, 2018 to 2033
Table 19: Latin America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 20: Latin America Market Volume (Tons) Forecast by Application, 2018 to 2033
Table 21: Latin America Market Value (US$ Million) Forecast by Nutritional Sources, 2018 to 2033
Table 22: Latin America Market Volume (Tons) Forecast by Nutritional Sources, 2018 to 2033
Table 23: Latin America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 24: Latin America Market Volume (Tons) Forecast by Application, 2018 to 2033
Table 25: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: Europe Market Volume (Tons) Forecast by Country, 2018 to 2033
Table 27: Europe Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 28: Europe Market Volume (Tons) Forecast by Application, 2018 to 2033
Table 29: Europe Market Value (US$ Million) Forecast by Nutritional Sources, 2018 to 2033
Table 30: Europe Market Volume (Tons) Forecast by Nutritional Sources, 2018 to 2033
Table 31: Europe Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 32: Europe Market Volume (Tons) Forecast by Application, 2018 to 2033
Table 33: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 34: Asia Pacific Market Volume (Tons) Forecast by Country, 2018 to 2033
Table 35: Asia Pacific Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 36: Asia Pacific Market Volume (Tons) Forecast by Application, 2018 to 2033
Table 37: Asia Pacific Market Value (US$ Million) Forecast by Nutritional Sources, 2018 to 2033
Table 38: Asia Pacific Market Volume (Tons) Forecast by Nutritional Sources, 2018 to 2033
Table 39: Asia Pacific Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 40: Asia Pacific Market Volume (Tons) Forecast by Application, 2018 to 2033
Table 41: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 42: MEA Market Volume (Tons) Forecast by Country, 2018 to 2033
Table 43: MEA Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 44: MEA Market Volume (Tons) Forecast by Application, 2018 to 2033
Table 45: MEA Market Value (US$ Million) Forecast by Nutritional Sources, 2018 to 2033
Table 46: MEA Market Volume (Tons) Forecast by Nutritional Sources, 2018 to 2033
Table 47: MEA Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 48: MEA Market Volume (Tons) Forecast by Application, 2018 to 2033
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List Of Figures
Figure 1: Global Market Value (US$ Million) by Application, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Nutritional Sources, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Application, 2023 to 2033
Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 6: Global Market Volume (Tons) Analysis by Region, 2018 to 2033
Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 9: Global Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 10: Global Market Volume (Tons) Analysis by Application, 2018 to 2033
Figure 11: Global Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 12: Global Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 13: Global Market Value (US$ Million) Analysis by Nutritional Sources, 2018 to 2033
Figure 14: Global Market Volume (Tons) Analysis by Nutritional Sources, 2018 to 2033
Figure 15: Global Market Value Share (%) and BPS Analysis by Nutritional Sources, 2023 to 2033
Figure 16: Global Market Y-o-Y Growth (%) Projections by Nutritional Sources, 2023 to 2033
Figure 17: Global Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 18: Global Market Volume (Tons) Analysis by Application, 2018 to 2033
Figure 19: Global Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 20: Global Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 21: Global Market Attractiveness by Application, 2023 to 2033
Figure 22: Global Market Attractiveness by Nutritional Sources, 2023 to 2033
Figure 23: Global Market Attractiveness by Application, 2023 to 2033
Figure 24: Global Market Attractiveness by Region, 2023 to 2033
Figure 25: North America Market Value (US$ Million) by Application, 2023 to 2033
Figure 26: North America Market Value (US$ Million) by Nutritional Sources, 2023 to 2033
Figure 27: North America Market Value (US$ Million) by Application, 2023 to 2033
Figure 28: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 29: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 30: North America Market Volume (Tons) Analysis by Country, 2018 to 2033
Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 33: North America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 34: North America Market Volume (Tons) Analysis by Application, 2018 to 2033
Figure 35: North America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 36: North America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 37: North America Market Value (US$ Million) Analysis by Nutritional Sources, 2018 to 2033
Figure 38: North America Market Volume (Tons) Analysis by Nutritional Sources, 2018 to 2033
Figure 39: North America Market Value Share (%) and BPS Analysis by Nutritional Sources, 2023 to 2033
Figure 40: North America Market Y-o-Y Growth (%) Projections by Nutritional Sources, 2023 to 2033
Figure 41: North America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 42: North America Market Volume (Tons) Analysis by Application, 2018 to 2033
Figure 43: North America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 44: North America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 45: North America Market Attractiveness by Application, 2023 to 2033
Figure 46: North America Market Attractiveness by Nutritional Sources, 2023 to 2033
Figure 47: North America Market Attractiveness by Application, 2023 to 2033
Figure 48: North America Market Attractiveness by Country, 2023 to 2033
Figure 49: Latin America Market Value (US$ Million) by Application, 2023 to 2033
Figure 50: Latin America Market Value (US$ Million) by Nutritional Sources, 2023 to 2033
Figure 51: Latin America Market Value (US$ Million) by Application, 2023 to 2033
Figure 52: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 54: Latin America Market Volume (Tons) Analysis by Country, 2018 to 2033
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 57: Latin America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 58: Latin America Market Volume (Tons) Analysis by Application, 2018 to 2033
Figure 59: Latin America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 61: Latin America Market Value (US$ Million) Analysis by Nutritional Sources, 2018 to 2033
Figure 62: Latin America Market Volume (Tons) Analysis by Nutritional Sources, 2018 to 2033
Figure 63: Latin America Market Value Share (%) and BPS Analysis by Nutritional Sources, 2023 to 2033
Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Nutritional Sources, 2023 to 2033
Figure 65: Latin America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 66: Latin America Market Volume (Tons) Analysis by Application, 2018 to 2033
Figure 67: Latin America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 68: Latin America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 69: Latin America Market Attractiveness by Application, 2023 to 2033
Figure 70: Latin America Market Attractiveness by Nutritional Sources, 2023 to 2033
Figure 71: Latin America Market Attractiveness by Application, 2023 to 2033
Figure 72: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 73: Europe Market Value (US$ Million) by Application, 2023 to 2033
Figure 74: Europe Market Value (US$ Million) by Nutritional Sources, 2023 to 2033
Figure 75: Europe Market Value (US$ Million) by Application, 2023 to 2033
Figure 76: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 77: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 78: Europe Market Volume (Tons) Analysis by Country, 2018 to 2033
Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 81: Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 82: Europe Market Volume (Tons) Analysis by Application, 2018 to 2033
Figure 83: Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 84: Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 85: Europe Market Value (US$ Million) Analysis by Nutritional Sources, 2018 to 2033
Figure 86: Europe Market Volume (Tons) Analysis by Nutritional Sources, 2018 to 2033
Figure 87: Europe Market Value Share (%) and BPS Analysis by Nutritional Sources, 2023 to 2033
Figure 88: Europe Market Y-o-Y Growth (%) Projections by Nutritional Sources, 2023 to 2033
Figure 89: Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 90: Europe Market Volume (Tons) Analysis by Application, 2018 to 2033
Figure 91: Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 92: Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 93: Europe Market Attractiveness by Application, 2023 to 2033
Figure 94: Europe Market Attractiveness by Nutritional Sources, 2023 to 2033
Figure 95: Europe Market Attractiveness by Application, 2023 to 2033
Figure 96: Europe Market Attractiveness by Country, 2023 to 2033
Figure 97: Asia Pacific Market Value (US$ Million) by Application, 2023 to 2033
Figure 98: Asia Pacific Market Value (US$ Million) by Nutritional Sources, 2023 to 2033
Figure 99: Asia Pacific Market Value (US$ Million) by Application, 2023 to 2033
Figure 100: Asia Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 101: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 102: Asia Pacific Market Volume (Tons) Analysis by Country, 2018 to 2033
Figure 103: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 104: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 105: Asia Pacific Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 106: Asia Pacific Market Volume (Tons) Analysis by Application, 2018 to 2033
Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 109: Asia Pacific Market Value (US$ Million) Analysis by Nutritional Sources, 2018 to 2033
Figure 110: Asia Pacific Market Volume (Tons) Analysis by Nutritional Sources, 2018 to 2033
Figure 111: Asia Pacific Market Value Share (%) and BPS Analysis by Nutritional Sources, 2023 to 2033
Figure 112: Asia Pacific Market Y-o-Y Growth (%) Projections by Nutritional Sources, 2023 to 2033
Figure 113: Asia Pacific Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 114: Asia Pacific Market Volume (Tons) Analysis by Application, 2018 to 2033
Figure 115: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 116: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 117: Asia Pacific Market Attractiveness by Application, 2023 to 2033
Figure 118: Asia Pacific Market Attractiveness by Nutritional Sources, 2023 to 2033
Figure 119: Asia Pacific Market Attractiveness by Application, 2023 to 2033
Figure 120: Asia Pacific Market Attractiveness by Country, 2023 to 2033
Figure 121: MEA Market Value (US$ Million) by Application, 2023 to 2033
Figure 122: MEA Market Value (US$ Million) by Nutritional Sources, 2023 to 2033
Figure 123: MEA Market Value (US$ Million) by Application, 2023 to 2033
Figure 124: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 125: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 126: MEA Market Volume (Tons) Analysis by Country, 2018 to 2033
Figure 127: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 128: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 129: MEA Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 130: MEA Market Volume (Tons) Analysis by Application, 2018 to 2033
Figure 131: MEA Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 132: MEA Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 133: MEA Market Value (US$ Million) Analysis by Nutritional Sources, 2018 to 2033
Figure 134: MEA Market Volume (Tons) Analysis by Nutritional Sources, 2018 to 2033
Figure 135: MEA Market Value Share (%) and BPS Analysis by Nutritional Sources, 2023 to 2033
Figure 136: MEA Market Y-o-Y Growth (%) Projections by Nutritional Sources, 2023 to 2033
Figure 137: MEA Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 138: MEA Market Volume (Tons) Analysis by Application, 2018 to 2033
Figure 139: MEA Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 140: MEA Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 141: MEA Market Attractiveness by Application, 2023 to 2033
Figure 142: MEA Market Attractiveness by Nutritional Sources, 2023 to 2033
Figure 143: MEA Market Attractiveness by Application, 2023 to 2033
Figure 144: MEA Market Attractiveness by Country, 2023 to 2033
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- FAQs -
What value is the market estimated to reach in 2023?
The global market size is estimated to be valued at US$ 2 Billion in 2023.
What was the global market size for 2022?
The market was reported at US$ 1.9 Billion in 2022
What valuation is market estimated to reach in 2033?
The market is expected to reach a valuation of US$ 4 Billion in 2033.
What value CAGR did the market exhibit over the last 4 years?
The market registered a CAGR of 7.9% over the last 4 years.
What is the projected CAGR for the market from 2023 to 2033?
The market is projected to witness a CAGR of 7% from 2023 to 2033.
Which is the top Application of Okara that is expected to witness huge demand and what is its projected CAGR till 2033?
Okara in bakery application is projected to witness large demand till 2033 with expected growth at a CAGR of 6.9% from 2023 to 2033.
Which Nutritional Source of Okara is expected to witness the highest demand till 2033 and what is its projected CAGR?
Okara as Dietary Fiber is projected to witness the highest demand till 2033 and is expected to grow at a CAGR of 6.8%.
What is the expected United States market size of Okara till the projected year 2033?
The United States is projected to witness a market size of US$ 673.6 Million and is expected to grow at a 6.7% CAGR till 2033.
Which are the key companies in manufacturing of Okara?
Key players in the Okara Market are House Foods Group Inc., Pulmuone Co. Ltd., Kikkoman Corporation, Vitasoy International Holdings, Meijtofu, and OKM Co. Ltd.
Okara Market