The global soya sauce market is likely to expand at a growing speed. Soy sauce is an ingredient which is used while preparing various food items including bacon/cured meats, beef, bread & rolls, cookies & cakes, dry mixes, dressings to name a few. Growing focus on improving production capabilities is one of the primary reasons for the growth of soy sauce market. The growing preferences of the consumers towards soy sauce products will fuel the demand for soy sauces in the future.
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Listed Key Players
Lee Kum Kee
Bourbon Barrel Foods
Bragg Live Food
Kum Thim Food
Moreover, with the introduction of innovative packaging designs, the soy sauce market is likely to witness growth in the future. The customers are more concerned about the quality of the product and brand of the product plays an important role in forming consumer opinion. Besides, the ingredients used in soy sauce and production methods, the kind of packaging used also play an important role in determining the shelf life of soy sauces. The soy sauce manufacturers are setting an alliance with the packaging manufacturers to come up with more attractive packaging technology with main focus on enhancing the quality, wet strength, and durability of the products.
Also, soya sauce is the main ingredient in the preparation of many international cuisines such as Japanese, Chinese, Thai, Vietnamese, Indonesian, and Malaysian. Growing health consciousness among the people will further boost the product demand.
Based on the type, the market has been divided into Brewed and Blended. Blended products are cheaper and have better shelf life as compared to brewed soy sauces, thus boosting its demand in the coming years. Based on the application, the market has been segmented into Household, Catering Service Industry and Food Processing. Due to easier availability of soya sauce at grocery stores, the homeowners are able to purchase these items easily thus driving the demand of soya sauce among the households.
Detailed Regional Analysis
The global market of soya sauce has been analysed across the United States, European regions, India, Japan, China, and Southeast Asia. APAC holds the largest market share of soy sauce in the past and is expected to show significant growth in the future as well. Establishment of more number of restaurants, rising usage of soy sauce in homemade food, and rising popularity of soy flavour are some of the factors driving the market growth. North America will also grow in the coming years due to growing demand for organic and additives-free brewed soy sauce and existence of key manufacturers in the region. Also, Asian cuisines are becoming famous in these regions which in turn will boost the demand in the US market in the coming years.
The rapidly growing packaging technology and growing demand of soya sauce products will result in the growth of the market. The growing competition is urging key players to form new partnerships or alliance with the local vendors to cater to wider region during the forecasted period.
Table of Contents – Major Key Points
1 Market Overview
2 Manufacturers Profiles
3 Global Soya Sauce Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
4 Global Soya Sauce Market Analysis by Regions
5 North America Soya Sauce by Country
6 Europe Soya Sauce by Country
7 Asia-Pacific Soya Sauce by Country
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