Soy Sauce Market Share, Size, Growth, Opportunity and Forecast 2020-2025

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Soy Sauce Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

The global soy sauce market witnessed moderate growth during 2014-2019. Soy sauce, or soya sauce, is a salty liquid condiment that is used in the preparation of various dishes in multiple cuisines. It is manufactured using the fermented paste of soybeans, brine, roasted grains, salt, water and Aspergillus sojae molds. It can be produced using both traditional and chemical processes and is known to be a rich source of antioxidants that aids in minimizing allergies, promoting digestion and improving immunity. Thick, dark and light are the most commonly available soy sauce variants, which are widely used in the preparation of dry mixes, cakes, breads, cured meat, dressings and savory snacks. Also, soy sauce forms an essential ingredient in many emerging and traditional world cuisines, including Thai, Japanese, Indonesian, Chinese, Malaysian and Vietnamese.

Significant growth in the food and beverage industry across the globe is one of the key factors driving the growth of the market. In line with this, soy sauce is extensively utilized by hotels, restaurants and cafes as a flavor enhancer and seasoning ingredient by hotels, restaurants and cafes, is also providing a boost to the market growth. Additionally, increasing health consciousness amongst the consumers has enhanced the demand for premium-quality soy sauces. This, along with shifting consumer preferences for gluten-free and low-sugar variants, is impacting the market growth positively. Moreover, manufacturers are launching soy sauce with varied flavors, such as sweet and chili, to cater to local tastes and expand their consumer base. They are also adopting innovative packaging solutions, such as attractive labels and easy-to-use pouch packs, which is contributing to the product demand. Other factors, including rising consumer expenditure capacities, easy product availability through various online retail portals and rapid urbanization, are projected to drive the market further. Looking forward, IMARC Group expects the market to continue to exhibit moderate growth in the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global soy sauce market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, type, packaging, distribution and application.

Breakup by Type:

Brewed
Blended

Breakup by Packaging:

Glass Jars
Flexible Packs
Plastic Jars
Others

Breakup by Distribution:

Direct Sales
Supermarkets and Hypermarkets
Convenience Stores
Online Stores
Others

Breakup by Application:

Household
Food Processing and Food Service Industry

Breakup by Region:

North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Bourbon Barrel Foods, Foshan Haitian Flavoring & Food, Guangdong Meiweixian Flavoring Foods Co., Ltd., Haitian, Kikkoman Corporation, Lee Kum Kee, Nestle (Maggi Sauces), Masan Group, Okonomi, Otafuku Sauce and Yamasa Corporation.

Key Questions Answered in This Report:

How has the global soy sauce market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global soy sauce market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the packaging?
What is the breakup of the market based on the distribution?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global soy sauce market and who are the key players?
What is the degree of competition in the industry?