Global Soy Sauce Market Growth 2023-2029

Global Soy Sauce Market Growth 2023-2029

Soy sauce (also called soya sauce in British English) is a Chinese condiment made from a fermented paste of soybeans, roasted grain, brine, and Aspergillus oryzae or Aspergillus sojae molds. Soy sauce in its current form was created about 2,200 years ago during the Western Han dynasty of ancient China and spread throughout East and Southeast Asia where it is used in cooking and as a condiment.
LPI (LP Information)' newest research report, the “Soy Sauce Industry Forecast” looks at past sales and reviews total world Soy Sauce sales in 2022, providing a comprehensive analysis by region and market sector of projected Soy Sauce sales for 2023 through 2029. With Soy Sauce sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Soy Sauce industry.
This Insight Report provides a comprehensive analysis of the global Soy Sauce landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Soy Sauce portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Soy Sauce market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Soy Sauce and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Soy Sauce.
The global Soy Sauce market size is projected to grow from US$ 1099.6 million in 2022 to US$ 2282.3 million in 2029; it is expected to grow at a CAGR of 2282.3 from 2023 to 2029.
Global Soy Sauce key players include Haitian, Shinho, Kikkoman, Lee Kum Kee, etc. Global top four manufacturers hold a share over 40%.
Asia-Pacific is the largest market, with a share over 80%, followed by Europe, and North America, both have a share over 10 percent.
In terms of product, Brewed is the largest segment, with a share over 70%. And in terms of application, the largest application is Catering Service Industrial, followed by Household, Food Processing, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Soy Sauce market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Brewed
Blended
Segmentation by application
Household
Catering Service Industry
Food Processing
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Haitian
Kikkoman
Shinho
Yamasa
Lee Kum Kee
Meiweixian
Shoda Shoyu
Jiajia
PRB BIO-TECH
ABC Sauces
Bragg Live Food
Nestlé
Key Questions Addressed in this Report
What is the 10-year outlook for the global Soy Sauce market?
What factors are driving Soy Sauce market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Soy Sauce market opportunities vary by end market size?
How does Soy Sauce break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.