Soy Sauce Market Size, Trends Analysis and Forecast 2022-2027
Soy Sauce Market Outlook
Soy sauce is a liquid condiment characterized by salty flavor that is prepared by the fermentation of soya beans, koji, brine, and roasted grain. It has a sharp taste, due to which it is extensively used in the preparation of various dishes across multiple cuisines. It is a rich source of antioxidants that helps in minimizing allergies, improving immunity, and promoting digestion.
The global soy sauce market growth is expected to exhibit a CAGR of 5.2% during 2022-2027. Looking forward, IMARC Group expects the global soy sauce market to continue its robust growth during the forecast period (2022-2027).
Widely available in thick, light, and dark sauce variants, soy sauce can be produced using both conventional and chemical processes across the globe.
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Soy Sauce Market Trends:
The soy sauce market is primarily driven by the rising awareness regarding the widespread popularity of Asian cuisine on the global level. Along with the easy availability of a variety of flavored product variants and considerable growth in the food and beverage (F&B) industry, this is favorably impacting the market growth.
Apart from this, the strategic collaborations among the key players to introduce new product variants, such as gluten-free and low-sugar soy sauce, and the easy product availability via online retail portals are further creating a positive outlook for the market.
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In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined with some of the key players.
- 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
- Yamasa Corporation.
Key Market Segmentation:
The report has categorized the market based on 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)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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