Soy Sauce Market Size, Share & Trends Analysis Report By Product Type (Light Soy Sauce, Dark Soy Sauce, Others), Form (Brewed, Blended), Packaging (Glass Jars, Pouches, Plastic Jars, Others), Application (Household, Food Processing and Food Service Industry), Sales Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Stores, Others) - Forecast till 2028
Categories: Food And Beverages | Format : 
About Report
The report titled “Soy Sauce Market - Growth, Share, Opportunities, and Competitive Analysis, 2022 – 2028” offers strategic visions into the global market along with the market size (Value in “US$ Mn”) for historical period 2017-2021 and estimates for the forecast period 2022 to 2028. This study covers in-depth analysis of multiple market segments based on Product Type, Form, Packaging, Application and Sales Channel across five different regions covering 20+ countries.
Key insights associated with forecast factors for market during forecast period 2022-2028 have also been covered. The report also provides impact of COVID-19 on Soy Sauce market for short, medium, and long term perspective for conservative, likely and optimistic scenario respectively.
Soy Sauce Market Dynamics
The global soy sauce market is being driven by various factors, including rising demand for soy sauce in the fast-food industry, growing adoption of cross-culture food, and innovation in soy sauce varieties. The opportunities that lie ahead of the market are the growth of low sodium soy sauce and the increasing food & beverage industry, along with product innovations. A large expansion in the food and beverage sector around the world is one of the key factors expected to give market development prospects. As a result, hotels, restaurants, and cafés employ soy sauce as a flavor enhancer and seasoning component. This will further enhance the demand scope of the market.
However, the market is also being restricted by several restraints and challenges. Some of them include the possible use of alternative products and growing health cautiousness amongst consumers, which hinders market growth. Soy sauce contains a lot of amines like histamine and tyramine. Histamine is known to be dangerous when ingested in big amounts. Symptoms include headaches, sweating, disorientation, itching, rashes, gastrointestinal difficulties, and changes in blood pressure. Because of its high salt content, the presence of cancer-causing compounds, and unusual reactivity to components such as MSG and amines, soy sauce is frequently associated with health hazards.
Segmental Analysis
Why is light soy sauce the major product type in the market?
The body of light soy sauce is thinner, and the color is golden brown. Light soy sauce has strong fragrant umami and savory flavor due to natural fermenting methods. It is versatile enough to be used as a marinade, dressing, sauce mix, or table condiment.
Why is blended soy sauce expected to grow at the highest rate?
Due to the fast fermentation process, blended soy sauce is less expensive and has a longer shelf life than brewed soy sauces, which increases demand. Mushroom dark and shrimp soy sauce are such popular blended soy sauces.
Regional Analysis
The soy sauce market is expected to be dominated by the Asia Pacific. The use of soy sauce and soy sauce products has increased in this region as a result of rising condiment and spice consumption. Every year, China buys more than 50 million metric tonnes of soybeans. The large consumption of soy sauce and soy components will open up a slew of opportunities for the market's players to expand. During the forecast period, North America is expected to grow at a high rate. The rising demand for organic and additive-free brewed soy sauce is responsible for this growth. Demand will also be boosted by the growing popularity of Asian cuisines in the region.
Competitive Landscape
Key players in the soy sauce market have adopted various organic as well as inorganic growth strategies. The soy sauce market is seen as consolidated market, backed by the tier-1 players in the market who account for more than 50% of global revenue. Prominent players in the market include Nestle S.A., Kikkoman Corporation, Yamasa Corporation, Masan Group Corporation, Foshan Haitian Flavoring & Food Co., Ltd., Bourbon Barrel Foods LLC, Lee Kum Kee Company Limited, Otafuku Sauce Co., Ltd., Aloha Shoyu Company, ABC USA, Jonjee Hi-tech Industrial & Commercial Holding Co. Ltd., Kum Thim Food Industries Sdn Bhd, Yamagen Jouzou Co. Ltd. and Capital Foods (Ching's).
COVID-19 Impact Analysis
The global market was negatively impacted by the outbreak of COVID-19 in 2020 due to factors such as strict social distancing norms and countrywide lockdowns in various countries around the world. The consumption of various sauces, staples, and other required cooking products increased, ultimately supporting the soy sauce market. However, as soy sauce is a non-essential food product, the overall market witnessed a slight negative impact during the Covid-19.
Key Segments of Soy Sauce Market
- Product Type
- Light Soy Sauce
- Dark Soy Sauce
- Others
- Form
- Brewed
- Blended
- Packaging
- Glass Jars
- Pouches
- Plastic Jars
- Others
- Application
- Household
- Food Processing and Food Service Industry
- Sales Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
- Region
- North America
- Europe
- Asia Pacific
- South America
- MEA
- Executive Summary
- Global Market Outlook
- Demand Side Trends
- Supply Side Trends
- Recommendation and Analysis
- Market Overview
- Market Taxonomy
- Market Definition & Scope
- Market Background and Foundation Data Points
- Global Sauce Industry Outlook
- Recent Developments in Soy Sauce Market Segment
- Market White Space Assessment and Opportunity Analysis
- Key Market Trend Analysis
- By Product Type
- By Form
- By Packaging
- By Application
- By Sales Channel
- Development Patterns in Soy Sauce Market
- Competitive Scenario and Trends
- Market Concentration Rate, by Region
- List of Emerging, Prominent and Leading Players
- Mergers & Acquisitions
- Scenario Forecast for Demand
- Optimistic Scenario
- Likely Scenario
- Conservative Scenario
- Macro-Economic Factors
- Market Dynamics
- Market Driving Factors and Impact Assessment
- Prominent Market Challenges and Impact Assessment
- Market Opportunities
- Challenges in Soy Sauce
- COVID-19 Impact on Market Value
- Value Depreciation in 2020
- Quarter-On-Quarter Impact and Recovery Assessment
- Expected Demand Volume (Mn Units) and Value (US$ Mn) Recovery Curve
- Likelihood of V-Shape Recovery
- Likelihood of U-Shape Recovery
- Likelihood of L-Shape Recovery
- Global Soy Sauce Market - Pricing Analysis
- Regional Pricing Analysis by Form
- Pricing Break-up
- Global Average Pricing Analysis Benchmark
- Global Soy Sauce Market Demand (in Value or Size in US$ Mn) Analysis 2017-2021 and Forecast, 2022-2028
- Historical Market Volume (Mn Units) and Value (US$ Mn) Analysis, 2017-2021
- Current and Future Market Volume (Mn Units) and Value (US$ Mn) Projections, 2022-2028
- Y-o-Y Growth Trend Analysis
- Absolute $ Opportunity Analysis
- Global Soy Sauce Market Analysis 2017-2021 and Forecast 2022-2028, By Product Type
- Introduction / Key Findings
- Historical Market Volume (Mn Units) and Value (US$ Mn) Analysis by Product Type, 2017-2021
- Current and Future Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Product Type, 2022-2028
- Light Soy Sauce
- Dark Soy Sauce
- Others
- Market Attractiveness Analysis by Product Type
- Global Soy Sauce Market Analysis 2017-2021 and Forecast 2022-2028, By Form
- Introduction / Key Findings
- Historical Market Volume (Mn Units) and Value (US$ Mn) Analysis by Form, 2017-2021
- Current and Future Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Form, 2022-2028
- Brewed
- Blended
- Market Attractiveness Analysis by Form
- Global Soy Sauce Market Analysis 2017-2021 and Forecast 2022-2028, By Packaging
- Introduction / Key Findings
- Historical Market Volume (Mn Units) and Value (US$ Mn) Analysis by Packaging, 2017-2021
- Current and Future Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Packaging, 2022-2028
- Glass Jars
- Pouches
- Plastics Jars
- Others
- Market Attractiveness Analysis by Packaging
- Global Soy Sauce Market Analysis 2017-2021 and Forecast 2022-2028, By Application
- Introduction / Key Findings
- Historical Market Volume (Mn Units) and Value (US$ Mn) Analysis by Application, 2017-2021
- Current and Future Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Application, 2022-2028
- Household
- Food Processing and Food Service Industry
- Market Attractiveness Analysis by Application
- Global Soy Sauce Market Analysis 2017-2021 and Forecast 2022-2028, By Sales Channel
- Introduction / Key Findings
- Historical Market Volume (Mn Units) and Value (US$ Mn) Analysis by Sales Channel, 2017-2021
- Current and Future Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Sales Channel, 2022-2028
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
- Market Attractiveness Analysis by Sales Channel
- Global Soy Sauce Market Analysis 2017-2021 and Forecast 2022-2028, By Region
- Introduction / Key Findings
- Historical Market Volume (Mn Units) and Value (US$ Mn) Analysis by Region, 2017-2021
- Current and Future Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Region, 2022-2028
- North America
- Europe
- Asia Pacific
- South America
- Middle East and Africa (MEA)
- Market Attractiveness Analysis by Region
- North America Soy Sauce Market Analysis 2017-2021 and Forecast 2022-2028
- Introduction / Key Findings
- Pricing Analysis
- Historical Market Volume (Mn Units) and Value (US$ Mn) Analysis by Region, 2017-2021
- Current and Future Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Region, 2022-2028
- By Country
- S.
- Canada
- Mexico
- By Product Type
- By Form
- By Packaging
- By Application
- By Sales Channel
- By Country
- Market Attractiveness Analysis
- By Country
- By Product Type
- By Form
- By Packaging
- By Application
- By Sales Channel
- Europe Soy Sauce Market Analysis 2017-2021 and Forecast 2022-2028
- Introduction / Key Findings
- Pricing Analysis
- Historical Market Volume (Mn Units) and Value (US$ Mn) Analysis by Region, 2017-2021
- Current and Future Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Region, 2022-2028
- By Country
- Germany
- Italy
- France
- Spain
- UK
- Rest of Europe
- By Product Type
- By Form
- By Packaging
- By Application
- By Sales Channel
- By Country
- Market Attractiveness Analysis
- By Country
- By Product Type
- By Form
- By Packaging
- By Application
- By Sales Channel
- Asia Pacific Soy Sauce Market Analysis 2017-2021 and Forecast 2022-2028
- Introduction / Key Findings
- Pricing Analysis
- Historical Market Volume (Mn Units) and Value (US$ Mn) Analysis by Region, 2017-2021
- Current and Future Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Region, 2022-2028
- By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- By Product Type
- By Form
- By Packaging
- By Application
- By Sales Channel
- By Country
- Market Attractiveness Analysis
- By Country
- By Product Type
- By Form
- By Packaging
- By Application
- By Sales Channel
- South America Soy Sauce Market Analysis 2017-2021 and Forecast 2022-2028
- Introduction / Key Findings
- Pricing Analysis
- Historical Market Volume (Mn Units) and Value (US$ Mn) Analysis by Region, 2017-2021
- Current and Future Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Region, 2022-2028
- By Country
- Brazil
- Argentina
- Rest of South America
- By Product Type
- By Form
- By Packaging
- By Application
- By Sales Channel
- By Country
- Market Attractiveness Analysis
- By Country
- By Product Type
- By Form
- By Packaging
- By Application
- By Sales Channel
- Middle East and Africa (MEA) Soy Sauce Market Analysis 2017-2021 and Forecast 2022-2028
- Introduction / Key Findings
- Pricing Analysis
- Historical Market Volume (Mn Units) and Value (US$ Mn) Analysis by Region, 2017-2021
- Current and Future Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Region, 2022-2028
- By Country
- GCC Countries
- South Africa
- Rest of MEA
- By Product Type
- By Form
- By Packaging
- By Application
- By Sales Channel
- By Country
- Market Attractiveness Analysis
- By Country
- By Product Type
- By Form
- By Packaging
- By Application
- By Sales Channel
- Market Structure Analysis
- Market Analysis by Tier of Companies (Soy Sauce)
- Market Concentration
- Market Dashboard
- Key Player Heat Map Analysis
- Competition Analysis
- Competition Benchmarking
- Competition Deep Dive
- Nestlé S.A.
- Overview
- Product Portfolio
- Regional Revenue
- Segmental Revenue Breakup
- Recent Development
- SWOT analysis
- Kikkoman Corporation
- Yamasa Corporation
- Masan Group Corporation
- Foshan Haitian Flavoring & Food Co., Ltd.
- Bourbon Barrel Foods LLC
- Lee Kum Kee Company Limited
- Otafuku Sauce Co., Ltd.
- Aloha Shoyu Company
- ABC USA
- Jonjee Hi-tech Industrial & Commercial Holding Co. Ltd.
- Kum Thim Food Industries Sdn Bhd
- Yamagen Jouzou Co. Ltd.
- Capital Foods (Ching's)
- Other Key Players
- Nestlé S.A.
- Appendix
FAQ
Published On:May 2022
Base Year:2021 - 2022
Historical Data:2021
No of Pages:250
Choose License Type
Personalize this Research
- Market Size and Share from 2016 - 2027
- Expected Market Growth Until 2027
- COVID-19 Impact assessment on the market
- Market Dynamics and Impact Analysis
- Segment and region that will drive or lead the market growth and why
- Industry activity comprising Mergers, Acquisitions, Expansion, etc.
- Comprehensive Mapping of the Competitive Landscape
- In-depth analysis of key sustainability strategies adopted by market players
- Global and regional market trends – Current and Future
- Value Chain Analysis
- Porters Five Forces Analysis
- Historical and Current Product Pricing
- Country Cross-Segment Analysis
- Company Profiling
- Player Comparison Matrix
Food And Beverages Clients
Soy Sauce Market Size, Share & Trends Analysis Rep...
RD Code : FB22 Research Informatic is one of the leading providers of market intelligence products and services. We offer reports on over 10+ industries and update our collection daily which helps our clients to access database of expert market insights on global industries, companies, products, and trends.
Subscribe Us
Sign up today for tips and latest news
and exclusive special offers.
