Report ID : AMR1004250 | Industries : | Published On :December 2023 | Page Count : 211
Global Soy Sauce Market: By Type (Light Soy Sauce, Dark Soy Sauce, and Others), By Process (Brewed and Blended). By End-use (Household, Food Services Sector, and Food Processing), and Region – Cumulative Growth Opportunities Analysis, Size, Share, Trends, and Industry Forecast Till 2030.
Global Soy Sauce Market
The Global Soy Sauce Market was valued at USD 45.61 billion in 2022 and is expected to reach USD 75.70 billion by 2030 at a CAGR of 6.21% from 2023-2030.
Soy sauce is a condiment and seasoning with deep roots in Asian cuisine. It is traditionally made by fermenting soybeans, wheat, salt, and water. Soy Sauce is savory, salty, and umami-rich, and is added to a variety of dishes, such as stir-fries, marinades, sushi, and more. It comes in various types, including light, dark, and low-sodium.
Market Drivers
The global market for Soy Sauce is primarily driven by the rapid growing popularity of Asian cuisine. The increasing consumption of sushi, stir-fries, and other dishes is subsequently leading to a rise in the market for soy sauce as it is a key ingredient in such dishes. Globalization has allowed the expansion of culinary horizons, which has paved way for the demand for soy sauce to rise worldwide.
The growth of the food and beverage industry worldwide has also indirectly helped in boosting the market for soy sauce. Food innovations and the competition to launch wider appealing food products has allowed the inclusion of soy sauce in a variety of processed foods.
Market Restraints
Traditional formulations of soy sauce have high levels of sodium. The increased sodium intake in individuals is proven to be hazardous, leading to a variety of health conditions. The growing health consciousness across the world affects the market for soy sauce as consumers aware of the sodium levels in soy sauce may refrain from using the products. In a more general sense, there is a growing aversion towards store-bought products as many are leaning towards fresh and natural food. Moreover, Alternative condiments, like fish sauce and teriyaki, may pose competition to the soy sauce market.
Market Segmentation
The scope of the global Soy Sauce market covers segmentation based on type, process, end-use, and region.
Based on the type, the market is segmented into light soy sauce, dark soy sauce, and others. Based on the process, the market is segmented into brewed and blended. On the basis of end-use, the market is segmented into household, food services sector, and food processing.
Regional Analysis
The Global Soy Sauce Market is segmented into 5 main regions, namely, North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Currently, Asia, particularly countries like China and Japan, dominates the soy sauce market. These regions have a rich culinary history and strong cultural ties to soy sauce, making it an integral part of their cuisine.
In terms of expected fast growth, North America is witnessing significant market expansion. The growing popularity of Asian and fusion cuisines, along with a rising consumer demand for international flavors, has boosted the consumption of soy sauce in the region. Additionally, the interest in healthier and more natural food options aligns with traditionally brewed and naturally fermented soy sauces, positioning North America for substantial market growth.
Key Players
Haitian, Masan Group, Kikkoman Corp., Bourbon Barrel Foods, Otafuku Sauce, Lee Kum Kee, Yamasa Corp., Meiweixian, Maggi, Okonomi.
Market Taxonomy
By Type
• Light Soy Sauce
• Dark Soy Sauce
• Others
By Process
• Brewed
• Blended
By End-use
• Household
• Food Services Sector
• Food Processing
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o UK
o France
o Netherlands
o Italy
o Belgium
o Rest of Europe
• Asia Pacific
o China
o India
o South Korea
o Japan
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Tanzania
o Rest Middle East & Africa
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Global Soy Sauce Market
1. Introduction
1.1. Objective of 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. Global Soy Sauce Market Outlook
4.1. Overview
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Cumulative Impact due to recent Energy Crisis
4.2.5. Cumulative Impact due to Nearing Economic Downturn
4.2.6. Post Covid-19 World Supply and Demand Conditions
4.2.7. Cumulative Impact of Russia-Ukraine Conflict
4.3. Porters Five Force Model
4.4. Value Chain Analysis
5. Global 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. Light Soy Sauce
5.3.2. Dark Soy Sauce
5.3.3. Others
6. Global Soy Sauce Market, By Process
6.1. Y-o-Y Growth Comparison, By Process
6.2. Global Soy Sauce Market Share Analysis, By Process
6.3. Global Soy Sauce Market Size and Forecast, By Process
6.3.1. Brewed
6.3.2. Blended
7. Global Soy Sauce Market, By End-use
7.1. Y-o-Y Growth Comparison, By End-use
7.2. Global Soy Sauce Market Share Analysis, By End-use
7.3. Global Soy Sauce Market Size and Forecast, By End-use
7.3.1. Household
7.3.2. Food Services Sector
7.3.3. Food Processing
8. Global Soy Sauce Market, By Region
8.1. Global Soy Sauce Market Share Analysis, By Region
8.2. Global Soy Sauce Market Share Analysis, By Region
8.3. Global Soy Sauce Market Size and Forecast, By Region
9. North America Soy Sauce Market Analysis and Forecast (2023-2030)
9.1. Introduction
9.2. North America Soy Sauce Market Share Analysis, By Type
9.3. North America Soy Sauce Market Share Analysis, By Process
9.4. North America Soy Sauce Market Share Analysis, By End-use
9.5. North America Soy Sauce Market Size and Forecast, By Country
9.5.1. U.S.
9.5.1.1. Market Size and Forecast, By Type
9.5.1.2. Market Size and Forecast, By Process
9.5.1.3. Market Size and Forecast, By End-use
9.5.2. Canada
9.5.2.1. Market Size and Forecast, By Type
9.5.2.2. Market Size and Forecast, By Process
9.5.2.3. Market Size and Forecast, By End-use
9.5.3. Mexico
9.5.3.1. Market Size and Forecast, By Type
9.5.3.2. Market Size and Forecast, By Process
9.5.3.3. Market Size and Forecast, By End-use
10. Europe Soy Sauce Market Analysis and Forecast (2023-2030)
10.1. Introduction
10.2. Europe Soy Sauce Market Share Analysis, By Type
10.3. Europe Soy Sauce Market Share Analysis, By Process
10.4. Europe Soy Sauce Market Share Analysis, By End-use
10.5. Europe Soy Sauce Market Size and Forecast, By Country
10.5.1. Germany
10.5.1.1. Market Size and Forecast, By Type
10.5.1.2. Market Size and Forecast, By Process
10.5.1.3. Market Size and Forecast, By End-use
10.5.2. France
10.5.2.1. Market Size and Forecast, By Type
10.5.2.2. Market Size and Forecast, By Process
10.5.2.3. Market Size and Forecast, By End-use
10.5.3. UK
10.5.3.1. Market Size and Forecast, By Type
10.5.3.2. Market Size and Forecast, By Process
10.5.3.3. Market Size and Forecast, By End-use
10.5.4. Russia
10.5.4.1. Market Size and Forecast, By Type
10.5.4.2. Market Size and Forecast, By Process
10.5.4.3. Market Size and Forecast, By End-use
10.5.5. Italy
10.5.5.1. Market Size and Forecast, By Type
10.5.5.2. Market Size and Forecast, By Process
10.5.5.3. Market Size and Forecast, By End-use
10.5.6. Spain
10.5.6.1. Market Size and Forecast, By Type
10.5.6.2. Market Size and Forecast, By Process
10.5.6.3. Market Size and Forecast, By End-use
10.5.7. Rest of Europe
10.5.7.1. Market Size and Forecast, By Type
10.5.7.2. Market Size and Forecast, By Process
10.5.7.3. Market Size and Forecast, By End-use
11. Asia Pacific Soy Sauce Market Analysis and Forecast (2023-2030)
11.1. Introduction
11.2. Asia Pacific Soy Sauce Market Share Analysis, By Type
11.3. Asia Pacific Soy Sauce Market Share Analysis, By Process
11.4. Asia Pacific Soy Sauce Market Share Analysis, By End-use
11.5. Asia Pacific Soy Sauce Market Size and Forecast, By Country
11.5.1. China
11.5.1.1. Market Size and Forecast, By Type
11.5.1.2. Market Size and Forecast, By Process
11.5.1.3. Market Size and Forecast, By End-use
11.5.2. Japan
11.5.2.1. Market Size and Forecast, By Type
11.5.2.2. Market Size and Forecast, By Process
11.5.2.3. Market Size and Forecast, By End-use
11.5.3. India
11.5.3.1. Market Size and Forecast, By Type
11.5.3.2. Market Size and Forecast, By Process
11.5.3.3. Market Size and Forecast, By End-use
11.5.4. South Korea
11.5.4.1. Market Size and Forecast, By Type
11.5.4.2. Market Size and Forecast, By Process
11.5.4.3. Market Size and Forecast, By End-use
11.5.5. Australia
11.5.5.1. Market Size and Forecast, By Type
11.5.5.2. Market Size and Forecast, By Process
11.5.5.3. Market Size and Forecast, By End-use
11.5.6. New Zealand
11.5.6.1. Market Size and Forecast, By Type
11.5.6.2. Market Size and Forecast, By Process
11.5.6.3. Market Size and Forecast, By End-use
11.5.7. Singapore
11.5.7.1. Market Size and Forecast, By Type
11.5.7.2. Market Size and Forecast, By Process
11.5.7.3. Market Size and Forecast, By End-use
11.5.8. Malaysia
11.5.8.1. Market Size and Forecast, By Type
11.5.8.2. Market Size and Forecast, By Process
11.5.8.3. Market Size and Forecast, By End-use
11.5.9. Rest of Asia
11.5.9.1. Market Size and Forecast, By Type
11.5.9.2. Market Size and Forecast, By Process
11.5.9.3. Market Size and Forecast, By End-use
12. Latin America Soy Sauce Market Analysis and Forecast (2023-2030)
12.1. Introduction
12.2. Latin America Soy Sauce Market Share Analysis, By Type
12.3. Latin America Soy Sauce Market Share Analysis, By Process
12.4. Latin America Soy Sauce Market Share Analysis, By End-use
12.5. Latin America Soy Sauce Market Size and Forecast, Country
12.5.1. Brazil
12.5.1.1. Market Size and Forecast, By Type
12.5.1.2. Market Size and Forecast, By Process
12.5.1.3. Market Size and Forecast, By End-use
12.5.2. Argentina
12.5.2.1. Market Size and Forecast, By Type
12.5.2.2. Market Size and Forecast, By Process
12.5.2.3. Market Size and Forecast, By End-use
12.5.3. Colombia
12.5.3.1. Market Size and Forecast, By Type
12.5.3.2. Market Size and Forecast, By Process
12.5.3.3. Market Size and Forecast, By End-use
12.5.4. Peru
12.5.4.1. Market Size and Forecast, By Type
12.5.4.2. Market Size and Forecast, By Process
12.5.4.3. Market Size and Forecast, By End-use
12.5.5. Chile
12.5.5.1. Market Size and Forecast, By Type
12.5.5.2. Market Size and Forecast, By Process
12.5.5.3. Market Size and Forecast, By End-use
12.5.6. Venezuela
12.5.6.1. Market Size and Forecast, By Type
12.5.6.2. Market Size and Forecast, By Process
12.5.6.3. Market Size and Forecast, By End-use
12.5.7. Rest of Latin America
12.5.7.1. Market Size and Forecast, By Type
12.5.7.2. Market Size and Forecast, By Process
12.5.7.3. Market Size and Forecast, By End-use
13. Middle East Soy Sauce Market Analysis and Forecast (2023-2030)
13.1. Introduction
13.2. Middle East Soy Sauce Market Share Analysis, By Type
13.3. Middle East Soy Sauce Market Size and Forecast, By Process
13.4. Middle East Soy Sauce Market Size and Forecast, By End-use
13.5. Middle East Soy Sauce Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.1.1. Market Size and Forecast, By Type
13.5.1.2. Market Size and Forecast, By Process
13.5.1.3. Market Size and Forecast, By End-use
13.5.2. UAE
13.5.2.1. Market Size and Forecast, By Type
13.5.2.2. Market Size and Forecast, By Process
13.5.2.3. Market Size and Forecast, By End-use
13.5.3. Egypt
13.5.3.1. Market Size and Forecast, By Type
13.5.3.2. Market Size and Forecast, By Process
13.5.3.3. Market Size and Forecast, By End-use
13.5.4. Kuwait
13.5.4.1. Market Size and Forecast, By Type
13.5.4.2. Market Size and Forecast, By Process
13.5.4.3. Market Size and Forecast, By End-use
13.5.5. South Africa
13.5.5.1. Market Size and Forecast, By Type
13.5.5.2. Market Size and Forecast, By Process
13.5.5.3. Market Size and Forecast, By End-use
13.5.6. Rest of Middle East & Africa
13.5.6.1. Market Size and Forecast, By Type
13.5.6.2. Market Size and Forecast, By Process
13.5.6.3. Market Size and Forecast, By End-use
14. Competitive Analysis
14.1. Competition Dashboard
14.2. Market share Analysis of Top Vendors
14.3. Key Development Strategies
15. Company Profiles
15.1. Haitian
15.1.1. Overview
15.1.2. Offering
15.1.3. Key Financials
15.1.4. Business Segment & Geographic Overview
15.1.5. Key Market Developments
15.1.6. Key Strategies
15.2. Masan Group
15.2.1. Overview
15.2.2. Offerings
15.2.3. Key Financials
15.2.4. Business Segment & Geographic Overview
15.2.5. Key Market Developments
15.2.6. Key Strategies
15.3. Kikkoman Corp.
15.3.1. Overview
15.3.2. Offerings
15.3.3. Key Financials
15.3.4. Business Segment & Geographic Overview
15.3.5. Key Market Developments
15.3.6. Key Strategies
15.4. Bourbon Barrel Foods
15.4.1. Overview
15.4.2. Offerings
15.4.3. Key Financials
15.4.4. Business Segment & Geographic Overview
15.4.5. Key Market Developments
15.4.6. Key Strategies
15.5. Otafuku Sauce
15.5.1. Overview
15.5.2. Offerings
15.5.3. Key Financials
15.5.4. Business Segment & Geographic Overview
15.5.5. Key Market Developments
15.5.6. Key Strategies
15.6. Lee Kum Kee
15.6.1. Overview
15.6.2. Offerings
15.6.3. Key Financials
15.6.4. Business Segment & Geographic Overview
15.6.5. Key Market Developments
15.6.6. Key Strategies
15.7. Yamasa Corp.
15.7.1. Overview
15.7.2. Offerings
15.7.3. Key Financials
15.7.4. Business Segment & Geographic Overview
15.7.5. Key Market Developments
15.7.6. Key Strategies
15.8. Meiweixian
15.8.1. Overview
15.8.2. Offerings
15.8.3. Key Financials
15.8.4. Business Segment & Geographic Overview
15.8.5. Key Market Developments
15.8.6. Key Strategies
15.9. Maggi
15.9.1. Overview
15.9.2. Offerings
15.9.3. Key Financials
15.9.4. Business Segment & Geographic Overview
15.9.5. Key Market Developments
15.9.6. Key Strategies
15.10. Okonomi
15.10.1. Overview
15.10.2. Offerings
15.10.3. Key Financials
15.10.4. Business Segment & Geographic Overview
15.10.5. Key Market Developments
15.10.6. Key Strategies
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