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:
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
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- 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?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Soy Sauce Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Brewed
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Blended
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Packaging
7.1 Glass Jars
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Flexible Packs
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Plastic Jars
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Distribution
8.1 Direct Sales
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Supermarkets and Hypermarkets
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Convenience Stores
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Online Stores
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Application
9.1 Household
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Food Processing and Food Service Industry
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Indicators
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Bourbon Barrel Foods
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Foshan Haitian Flavoring & Food
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.3 Guangdong Meiweixian Flavoring Foods Co. Ltd.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Haitian
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Kikkoman Corporation
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Lee Kum Kee
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Nestle (Maggi Sauces)
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Masan Group
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 Okonomi
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Otafuku Sauce
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 Yamasa Corporation
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
List of Figures
Figure 1: Global: Soy Sauce Market: Major Drivers and Challenges
Figure 2: Global: Soy Sauce Market: Sales Value (in Million US$), 2014-2019
Figure 3: Global: Soy Sauce Market: Breakup by Type (in %), 2019
Figure 4: Global: Soy Sauce Market: Breakup by Packaging (in %), 2019
Figure 5: Global: Soy Sauce Market: Breakup by Distribution (in %), 2019
Figure 6: Global: Soy Sauce Market: Breakup by Application (in %), 2019
Figure 7: Global: Soy Sauce Market: Breakup by Region (in %), 2019
Figure 8: Global: Soy Sauce Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 9: Global: Soy Sauce (Brewed) Market: Sales Value (in Million US$), 2014 & 2019
Figure 10: Global: Soy Sauce (Brewed) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 11: Global: Soy Sauce (Blended) Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: Global: Soy Sauce (Blended) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: Global: Soy Sauce (Glass Jars) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Global: Soy Sauce (Glass Jars) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Global: Soy Sauce (Flexible Packs) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Global: Soy Sauce (Flexible Packs) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Global: Soy Sauce (Plastic Jars) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Global: Soy Sauce (Plastic Jars) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Global: Soy Sauce (Other Packaging Types) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Global: Soy Sauce (Other Packaging Types) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Global: Soy Sauce (Direct Sales) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Global: Soy Sauce (Direct Sales) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Global: Soy Sauce (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Global: Soy Sauce (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Global: Soy Sauce (Convenience Stores) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Global: Soy Sauce (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Global: Soy Sauce (Online Stores) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Global: Soy Sauce (Online Stores) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Global: Soy Sauce (Other Distribution Channels) Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Global: Soy Sauce (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: Global: Soy Sauce (Household) Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: Global: Soy Sauce (Household) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Global: Soy Sauce (Food Processing and Food Service Industry) Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Global: Soy Sauce (Food Processing and Food Service Industry) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: North America: Soy Sauce Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: North America: Soy Sauce Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 37: United States: Soy Sauce Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: United States: Soy Sauce Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: Canada: Soy Sauce Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: Canada: Soy Sauce Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: Asia Pacific: Soy Sauce Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: Asia Pacific: Soy Sauce Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 43: China: Soy Sauce Market: Sales Value (in Million US$), 2014 & 2019
Figure 44: China: Soy Sauce Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 45: Japan: Soy Sauce Market: Sales Value (in Million US$), 2014 & 2019
Figure 46: Japan: Soy Sauce Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 47: India: Soy Sauce Market: Sales Value (in Million US$), 2014 & 2019
Figure 48: India: Soy Sauce Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 49: South Korea: Soy Sauce Market: Sales Value (in Million US$), 2014 & 2019
Figure 50: South Korea: Soy Sauce Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 51: Australia: Soy Sauce Market: Sales Value (in Million US$), 2014 & 2019
Figure 52: Australia: Soy Sauce Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 53: Indonesia: Soy Sauce Market: Sales Value (in Million US$), 2014 & 2019
Figure 54: Indonesia: Soy Sauce Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 55: Others: Soy Sauce Market: Sales Value (in Million US$), 2014 & 2019
Figure 56: Others: Soy Sauce Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 57: Europe: Soy Sauce Market: Sales Value (in Million US$), 2014 & 2019
Figure 58: Europe: Soy Sauce Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 59: Germany: Soy Sauce Market: Sales Value (in Million US$), 2014 & 2019
Figure 60: Germany: Soy Sauce Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 61: France: Soy Sauce Market: Sales Value (in Million US$), 2014 & 2019
Figure 62: France: Soy Sauce Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 63: United Kingdom: Soy Sauce Market: Sales Value (in Million US$), 2014 & 2019
Figure 64: United Kingdom: Soy Sauce Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 65: Italy: Soy Sauce Market: Sales Value (in Million US$), 2014 & 2019
Figure 66: Italy: Soy Sauce Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 67: Spain: Soy Sauce Market: Sales Value (in Million US$), 2014 & 2019
Figure 68: Spain: Soy Sauce Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 69: Russia: Soy Sauce Market: Sales Value (in Million US$), 2014 & 2019
Figure 70: Russia: Soy Sauce Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 71: Others: Soy Sauce Market: Sales Value (in Million US$), 2014 & 2019
Figure 72: Others: Soy Sauce Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 73: Latin America: Soy Sauce Market: Sales Value (in Million US$), 2014 & 2019
Figure 74: Latin America: Soy Sauce Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 75: Brazil: Soy Sauce Market: Sales Value (in Million US$), 2014 & 2019
Figure 76: Brazil: Soy Sauce Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 77: Mexico: Soy Sauce Market: Sales Value (in Million US$), 2014 & 2019
Figure 78: Mexico: Soy Sauce Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 79: Others: Soy Sauce Market: Sales Value (in Million US$), 2014 & 2019
Figure 80: Others: Soy Sauce Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 81: Middle East and Africa: Soy Sauce Market: Sales Value (in Million US$), 2014 & 2019
Figure 82: Middle East and Africa: Soy Sauce Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 83: Global: Soy Sauce Industry: SWOT Analysis
Figure 84: Global: Soy Sauce Industry: Value Chain Analysis
Figure 85: Global: Soy Sauce Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Soy Sauce Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Soy Sauce Market Forecast: Breakup by Type (in Million US$), 2020-2025
Table 3: Global: Soy Sauce Market Forecast: Breakup by Packaging (in Million US$), 2020-2025
Table 4: Global: Soy Sauce Market Forecast: Breakup by Distribution (in Million US$), 2020-2025
Table 5: Global: Soy Sauce Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 6: Global: Soy Sauce Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 7: Global: Soy Sauce Market: Competitive Structure
Table 8: Global: Soy Sauce Market: Key Players