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Soy Sauce Market Size, Share & Trends Analysis Report - By Application (Food Industry and Household), By Type (Blended and Brewed), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025

Published Date: 25-Mar-2020 Category: Food & Beverage Report Format : PDF Report Code: ZMR-4579 Status : Published

Global soy sauce market value was estimated at 40.1 (USD Billion) in 2019 and is projected to grow at a CAGR of nearly 6.3% during the period from 2019 to 2025.

Description

The global soy sauce market value was estimated at 40.1 (USD Billion) in 2019 and is projected to grow at a CAGR of nearly 6.3% during the period from 2019 to 2025. The report offers valuation and analysis of the soy sauce market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Billion).

Introduction

Soy sauce is a traditional fermented all-purpose seasoning which is most popular in East Asia and is exported from the East Asian countries to other parts across the globe.  It has a salt taste as well as sharp flavor. Furthermore, in the traditional process of soy sauce preparation, roasted wheat & cooked soybeans are added to aspergillus species spores. Then the mixture is fermented for span of two days in order to produce koji, which is then added to brine for producing moromi, a kind of mash that ferments resulting in soy sauce production. Additionally, phenolic compounds including 4-ethylphenol and 4-ethylguaiacol are added to soy sauce to impart flavor to it.

Furthermore, it takes more than six months for complete fermentation and moromi mash aging. Thus, soy sauce production through traditional methods is a time-consuming process and hence new methods for its continuous brewing or fermentation are utilized.

In Japan, soy sauce is referred as shoyu is prepared from wheat and soybeans mixed in the equal proportion. The two raw constituents are broken down into peptides and amino acids with the help of microbial proteolytic enzymes after fermentation.

Soy-Sauce-Market

Market Growth Dynamics

As per NCBI study, the soy sauce (shoyu) comprises of nearly 1% of shoyu polysaccharides that demonstrate anti-allergic features in vivo and in vitro. Moreover, oral shoyu polysaccharides supplements have proved to be effective against allergic rhinitis. Thus, soy sauce has proved as a promising seasoning for treating allergic ailments through diet due to its anti-allergic as well as hypoallergenic characteristics. All these aforementioned aspects are anticipated to steer the growth of soy sauce market over the coming years.

According to NCBI, research conducted in year 2005 on shoyu to study its functional effects demonstrated favorable or beneficial outcomes on human health.  For instance, the intake of soup consisting of soy sauce increased the gastric juice secretion in humans, thereby improving & catalyzing the digestive process in humans.

Furthermore, soy sauce exhibits antimicrobial features against bacteria including Staphylococcus aureus, Vibrio cholera, nonpathogenic Escherichia coli, Salmonella enteritidis, Shigella flexneri, and pathogenic E. coli. Apart from this, the product also comprises of anti-hypertensive constituents and displays anti-carcinogenic effects. All these factors are likely to lucratively influence the expansion of soy sauce industry over the forecasting years.

Asia Pacific To Lead Overall Market Growth During 2019-2025

The growth of the regional market over the forecast timeline is owing to huge manufacture or brewing of soy sauce in the countries such as Japan, China, and Korea. In addition to this, hue intake of the product along with the regular diet across the Southeast Asian nations will accelerate the market growth in the Asia Pacific zone over the ensuing years.

Key players profiled in the report include Yamasa Corp., Okonomi, Lee Kum Kee, Masan Group, Kikkoman Corp., Haitian, Otafuku Sauce, Bourbon Barrel Foods, Maggi, and Meiweixian.

The global soy sauce market is segmented as follows:

By Type

  • Brewed
  • Blended

By Application

  • Household
  • Food Industry

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Soy Sauce Market , 2016–2025 (USD Billion)
    • 2.2. Soy Sauce Market : Snapshot
  • Chapter 3. Global Soy Sauce Market – Industry Analysis
    • 3.1. Soy Sauce Market : Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Soy sauce exhibits antimicrobial features against bacteria including Staphylococcus aureus, Vibrio chulera, nonpathogenic Escherichia culi, Salmonella enteritidis, Shigella flexneri, and pathogenic E. culi
      • 3.2.2. The product also demonstrates anti-hypertensive and anti-carcinogenic effects
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Application
      • 3.4.2. Market attractiveness analysis By Type
  • Chapter 4. Global Soy Sauce Market – Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Soy Sauce Market : company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Soy Sauce Market –Application Analysis
    • 5.1. Global Soy Sauce Market overview: By Application
      • 5.1.1. Global Soy Sauce Market share, By Application,2018 and 2025 (USD Billion)
    • 5.2. Food Industry
      • 5.2.1. Global Soy Sauce Market by Food Industry, 2016–2025 (USD Billion)
    • 5.3. Househuld
      • 5.3.1. Global Soy Sauce Market by Househuld, 2016–2025 (USD Billion)
  • Chapter 6. Global Soy Sauce Market – Type Analysis
    • 6.1. Global Soy Sauce Market overview: By Type
      • 6.1.1. Global Soy Sauce Market share, By Type, 2018 and 2025 (USD Billion)
    • 6.2. Blended
      • 6.2.1. Global Soy Sauce Market By Blended, 2016–2025 (USD Billion)
    • 6.3. Brewed
      • 6.3.1. Global Soy Sauce Market By Brewed, 2016–2025 (USD Billion)
  • Chapter 7. Company Profiles
    • 7.1. Yamasa Corp.
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Product Portfolio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. Okonomi
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Product Portfolio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. Lee Kum Kee
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Product Portfolio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Developments
    • 7.4. Masan Group
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Product Portfolio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Developments
    • 7.5. Kikkoman Corp.
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Product Portfolio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Development
    • 7.6. Haitian
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Product Portfolio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Development
    • 7.7. Otafuku Sauce
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Product Portfolio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent Development
    • 7.8. Bourbon Barrel Foods
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Product Portfolio
      • 7.8.4. Business Strategy
      • 7.8.5. Recent Development
    • 7.9. Maggi
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Product Portfolio
      • 7.9.4. Business Strategy
      • 7.9.5. Recent Development
    • 7.10. Meiweixian
      • 7.10.1. Overview
      • 7.10.2. Financials
      • 7.10.3. Product Portfolio
      • 7.10.4. Business Strategy
      • 7.10.5. Recent Development

Methodology

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