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Global Soy Sauce Market Report Size, Trends & Growth Opportunity, Type (Brewed, Blended Application (Household, Food Industry), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa) And Forecast Till 2027.


Report ID : IR1001483 | Industries : Food and Beverage | Published On :June 2024 | Page Count : 250

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  • Global Soy Sauce Market Report Size, Trends & Growth Opportunity, Type (Brewed, Blended Application (Household, Food Industry), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa) And Forecast Till 2027.
     The Soy Sauce Market was valued at USD 48.06 Billion in 2021 and is expected to reach USD 62.36 Billion by 2027, growing at a 3.44 % CAGR from 2022 to 2027.
     The Soy Sauce Market is an East Asian liquid condiment that originated in China. A paste of fermented soybeans, roasted grains, brine, and Aspergillus oryzae or Aspergillus sojae moulds is usually used to make it. Soy Sauce Market enhances the softness, flavour, colour, and appearance of food and beverages when used as an ingredient. Traditional techniques for producing Soy Sauce Market are time-consuming, so new methods for continuous brewing and fermentation are used.
     Market Drivers
     The rising demand for soy sauce as a seasoning ingredient and flavour enhancer is the primary driver of the global soy sauce market. By the end of the forecast period, food retail chains, manufacturers, and restaurants are expected to drive the market. Soy sauce is becoming a popular ingredient in a variety of popular cuisines, including Chinese, Japanese, Indonesian, Thai, Malaysian, and Vietnamese. An increasing number of country cuisines that use the market as the main ingredient will propel market growth significantly by the forecast period on a global scale.
     Soy sauce is used in the preparation of many foods, including beef, bacon/cured meats, bread & rolls, dry mixes, dressings, cookies & cakes, snacks, and many more. These foods are prepared in various parts of the world and are well known for their flavour. The increase in such food preparation is expected to significantly grow the market by the forecast period. As more people seek out foods with lower salt content, the global soy sauce market is expanding, as higher salt consumption causes a variety of health problems. The growing popularity of soy sauce among people due to the health benefits provided by the product will drive market growth in the coming years.
     Market Restraints
     People's health consciousness has grown over time, and they require food that is both healthy and tasty. Soy sauce, as a perfect combination, is expected to skyrocket in the market by the forecast period. However, the decline in traditional soy sauce fermentation has given rise to industrial manufacturing, and soy sauce is overly processed, which has negative effects on human health. During the forecast period, this factor may limit the market growth. However, rising trends in the use of soy sauce in a wider range of foods are expected to expand market opportunities in the coming years.
     Market Segmentation
     Soy Sauce Market is segmented into 2 categories based on Type, the market is segmented into Brewed and Blended. Based on Application, the market is segmented into the Household and Food Industries. Based on Region Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & South Africa. 
     Regional Analysis
     Asia Pacific has a sizable market share. Because of the presence of a larger consumer base. Asia Pacific is the global market leader, as evidenced by its status as a major producer and consumer of this type of sauce all over the world. The growth is primarily attributed to China, where it has been a traditional condiment since its inception. In the last few decades, the advancement of society and technological advancements have resulted in the development of several innovative products on the market, which has fueled its consumption. China imports more than 50 MMT of soybeans per year, of which a specific amount is used to produce this sauce to close the market's demand-supply gap.
     Because of consumers increasing adaption to diverse foods, North America remains the world's second-largest consumer. The United States is a major market in the region, utilising a large quantity of these ingredients in the food services sectors and packaged foods to meet market demand for Asian foods. On the other hand, an increasing number of people from all over the world are creating a huge demand in the country.
     Europe is expected to have a significant market share in the global marketplace, followed by Asia Pacific and North America. This is due to consumers' growing interest in various regional cuisines. Thai, Japanese, and Chinese cuisines are gaining popularity in the region, prompting the hospitality industry to serve soy sauce-based foods in their establishments. However, due to a lack of awareness and sub-optimal product penetration, South America, the Middle East, and Africa are expected to have the smallest market share.

    Global Soy Sauce Market 
    1 Introduction         
    1.1 Objective the Study
    1.2 Market definition
    1.3 Market Scope
    2 Research Methodology
    2.1 Data Mining
    2.2 Validation
    2.3 Primary Interviews
    2.4 List of Data Sources
    3 Executive Summary
    4 Soy Sauce Market Outlook
    4.1 Overview
    4.2 Market Dynamics
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.3 Porters Five Force Model
    4.4 Value Chain Analysis
    5 Soy Sauce Market, By Type
    5.1 Y-o-Y Growth Comparison, By Type
    5.2 Global Soy Sauce Market Share Analysis, By Type
    5.3 Global Soy Sauce Market Size and Forecast, By Type
    5.3.1. Brewed
    5.3.2. Blended
    5.3.3 Others
    6 Global Soy Sauce Market, By Application
    6.1 Y-o-Y Growth Comparison, By Application
    6.2 Soy Sauce Market Share Analysis, By Application
    6.3 Soy Sauce Market Size and Forecast, By Application
    6.3.1 Household
    6.3.2. Food Industry
    7 Global Soy Sauce Market, By Region
    7.1 Global Soy Sauce Market Share Analysis, By Region
    7.2 Global Soy Sauce Market Size and Forecast, By Region
    8 North America Soy Sauce Market Analysis and Forecast (2022-2027)
    8.1 Introduction
    8.2 North America Soy Sauce Market Size and Forecast, By Type        
    8.3 North America Soy Sauce Market Size and Forecast, By Application
    8.4 North America Soy Sauce Market Size and Forecast, By Country
    8.4.1 U.S.
    8.4.2 Canada
    8.4.3 Mexico
    9 Europe Soy Sauce Market Analysis and Forecast (2022-2027)
    9.1 Introduction
    9.2 Europe Soy Sauce Market Share Analysis, By Type
    9.3 Europe Soy Sauce Market Size and Forecast, By Application
    9.4 Europe Soy Sauce Market Size and Forecast, By Country
    9.4.1 Germany
    9.4.2 France
    9.4.3 UK
    9.4.4 Rest of Europe
    10 Asia Pacific Soy Sauce Market Analysis and Forecast (2022-2027)
    10.1 Introduction
    10.2 Asia Pacific Soy Sauce Market Share Analysis, By Type
    10.3 Asia Pacific Soy Sauce Market Size and Forecast, By Application 
    10.4 Asia Pacific Soy Sauce Market Size and Forecast, By Country
    10.4.1 China        
    10.4.2 Japan
    10.4.3 India
    10.4.4. Rest of Asia Pacific
    11 Latin America Soy Sauce Market Analysis and Forecast (2022-2027)
    11.1 Introduction
    11.2 Latin America Soy Sauce Market Share Analysis, By Type
    11.3 Latin America Soy Sauce Market Size and Forecast, By Application
    11.4 Latin America Soy Sauce Market Size and Forecast, By Country
    11.4.1. Brazil
    11.4.2. Rest of Latin America
    12 Middle East Soy Sauce Market Analysis and Forecast (2022-2027)
    12.1 Introduction
    12.2 Middle East Soy Sauce Market Share Analysis, By Type
    12.3 Middle East Soy Sauce Market Size and Forecast, Application
    12.4 Middle East Soy Sauce Market Size and Forecast, By Country
    12.4.1. Saudi Arabia
    12.4.2. UAE
    12.4.3. Egypt
    12.4.4. Kuwait
    12.4.5. South Africa
    13 Competitive Analysis
    13.1 Competition Dashboard
    13.2 Market share Analysis of Top Vendors
    13.3 Key Development Strategies
    14 Company Profiles
    14.1. Kikkoman Corporation 
    14.1.1 Overview
    14.1.2 Offerings
    14.1.3 Key Financials
    14.1.4 Business Segment & Geographic Overview
    14.1.5 Key Market Developments
    14.1.6 Key Strategies
    14.2. Bourbon Barrel Foods
    14.2.1 Overview
    14.2.2 Offerings
    14.2.3 Key Financials
    14.2.4 Business Segment & Geographic Overview
    14.2.5 Key Market Developments
    14.2.6 Key Strategies
    14.3. Foshan Haitian Flavoring & Food
    14.3.1 Overview
    14.3.2 Offerings
    14.3.3 Key Financials
    14.3.4 Business Segment & Geographic Overview
    14.3.5 Key Market Developments
    14.3.6 Key Strategies
    14.4 Haitian
    14.4.1 Overview
    14.4.2 Offerings
    14.4.3 Key Financials
    14.4.4 Business Segment & Geographic Overview
    14.4.5 Key Market Developments
    14.4.6 Key Strategies
    14.5 Lee Kum Kee 
    14.5.1 Overview
    14.5.2 Offerings
    14.5.3 Key Financials
    14.5.4 Business Segment & Geographic Overview
    14.5.5 Key Market Developments
    14.5.6 Key Strategies
    14.6 Masan Group
    14.6.1 Overview
    14.6.2 Offerings
    14.6.3 Key Financials
    14.6.4 Business Segment & Geographic Overview
    14.6.5 Key Market Developments
    14.6.6 Key Strategies
    14.7 Nestle (Maggi Sauces).
    14.7.1 Overview
    14.7.2 Offerings
    14.7.3 Key Financials
    14.7.4 Business Segment & Geographic Overview
    14.7.5 Key Market Developments
    14.7.6 Key Strategies
    14.8 Okonomi 
    14.8.1 Overview
    14.8.2 Offerings
    14.8.3 Key Financials
    14.8.4 Business Segment & Geographic Overview
    14.8.5 Key Market Developments
    14.8.6 Key Strategies
    14.9 Otafuku Sauce. 
    14.9.1 Overview
    14.9.2 Offerings
    14.9.3 Key Financials
    14.9.4 Business Segment & Geographic Overview
    14.9.5 Key Market Developments
    14.9.6 Key Strategies
    14.10 Yamasa Corporation
    14.10.1 Overview
    14.10.2 Offerings
    14.10.3 Key Financials
    14.10.4 Business Segment & Geographic Overview
    14.10.5 Key Market Developments
    14.10.6 Key Strategies