Soy Sauce Market Growth Factors, Competitive Landscape and Revenue Forecast till 2025

The global Soy Sauce Market scope was projected at US$ 39.7 billion in 2018. It is expected to reach US$ 59.12 billion by 2025 with a CAGR of 5.9% during the forecast period. This could be attributed to rising preference of consumers for soy sauce coupled with an ever-increasing focus on expansion of production capabilities. As such, the verticals driving the soy sauce market include restaurants, food retail chains, and food manufacturers.

Soy sauce is one of the main ingredients of several popular and upcoming global cuisines like Chinese, Malaysian, Indonesian, Vietnamese, Thai, and Japanese. Plus, consumers are turning health conscious with the passage of time. As of now, soy sauce is used for preparing foods like beef, dry mixes, cookies & cakes, bread & rolls, bacon/cured meat, dressings, and various snacks.

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High salt consumption has given rise to loads of health concerns; which is catalyzing the demand for less-salty food. This factor is likely to impact the soy sauce market positively in the next 5-7 years. Plus, key players are on the new product launch spree. For instance, the U.S. alone witnessed launching of 200 products in the year 2016. Plus, Kikkoman did launch its naturally brewed soy sauce’s “Less Salt Version” around the same time. The novel product has retained the taste of the food along with dropping of salt content by around 43%.

The other players contributing to the soy sauce market include Lee Kum Kee, YAMASA Corporation, OTAFUKU SAUCE, Foshan Haitian Flavoring & Food, and Bourbon Barrel Foods.

The soy sauce industry is segmented by type, application, and geography. By type, it spans blended and brewed. By application, it says household and food industry. By geography, it states North America (U.S.), Europe (Germany, UK), Asia Pacific (China, Japan), Central & Latin America (Brazil), and MEA. Asia Pacific is the leader due to the reasons mentioned above. North America, Europe follow suit. LATAM is also catching up due to Brazil soon coming out of the “BRICS” gambit.

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Table of Contents

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Soy Sauce Market Variables, Trends & Scope

Chapter 4. Consumer Behavior Analysis

Chapter 5. Soy Sauce Market: Type Estimates & Trend Analysis

Chapter 6. Soy Sauce Market: Application Estimates & Trend Analysis

Chapter 7. Soy Sauce Market: Regional Estimates & Trend Analysis

Chapter 8. Competitive Analysis

Chapter 9. Company Profiles

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