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Soy Sauce Market to Gain High Demand From Restaurants, Food Retail Chains and Food Manufacturers till 2025 | Million Insights


News provided by

Million Insights

05 Dec, 2019, 10:50 GMT

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FELTON, California, Dec. 5, 2019 /PRNewswire/ -- The global Soy Sauce Market scope was projected at US$ 39.7 billion in 2018. It is expected to reach US$ 59.12 billion by 2025 with a CAGR of 5.9% during the forecast period. This could be attributed to rising preference of consumers for soy sauce coupled with an ever-increasing focus on expansion of production capabilities. As such, the verticals driving the soy sauce market include restaurants, food retail chains, and food manufacturers.

Market Scope:

Soy sauce is one of the main ingredients of several popular and upcoming global cuisines like Chinese, Malaysian, Indonesian, Vietnamese, Thai, and Japanese. Plus, consumers are turning health conscious with the passage of time. As of now, soy sauce is used for preparing foods like beef, dry mixes, cookies & cakes, bread & rolls, bacon/cured meat, dressings, and various snacks.

Trends:

High salt consumption has given rise to loads of health concerns; which is catalyzing the demand for less-salty food. This factor is likely to impact the soy sauce market positively in the next 5-7 years. Plus, key players are on the new product launch spree. For instance, the U.S. alone witnessed launching of 200 products in the year 2016. Plus, Kikkoman did launch its naturally brewed soy sauce's "Less Salt Version" around the same time. The novel product has retained the taste of the food along with dropping of salt content by around 43%.

Get Sample PDF and read more details about the "Soy Sauce Market" Report 2025.

Market Segmentation:

The soy sauce industry is segmented by type, application, and geography. By type, it spans blended and brewed. By application, it says household and food industry. By geography, it states North America (U.S.), Europe (Germany, UK), Asia Pacific (China, Japan), Central & Latin America (Brazil), and MEA. Asia Pacific is the leader due to the reasons mentioned above. North America, Europe follow suit. LATAM is also catching up due to Brazil soon coming out of the "BRICS" gambit.

Players:

The other players contributing to the soy sauce market include Lee Kum Kee, YAMASA Corporation, OTAFUKU SAUCE, Foshan Haitian Flavoring & Food, and Bourbon Barrel Foods.

Browse 80 page research report with TOC on "Global Soy Sauce Market" at: https://www.millioninsights.com/industry-reports/soy-sauce-market

Market Segment:

  • Soy Sauce Type Outlook (Revenue, USD Million, 2015 - 2025)
    • Brewed
    • Blended
  • Soy Sauce Application Outlook (Revenue, USD Million, 2015 - 2025)
    • Household
    • Food Industry
  • Soy Sauce Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
      • U.S.
    • Europe
      • U.K.
      • Germany
    • Asia Pacific
      • China
      • Japan
    • Central & South America
      • Brazil
    • Middle East & Africa

Browse reports of similar category available with Million Insights:

  • Yogurt Powder Market
  • Chicory Market
  • Gluten-free Pizza Crust Market
  • Tahini Market

About Million Insights:

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Contact:
Ryan Manuel
Research Support Specialist, USA
Million Insights
Phone: +1-408-610-2300
Toll Free: 1-866-831-4085
Email: sales@millioninsights.com

Web: https://www.millioninsights.com/

Blog: https://millioninsights.blogspot.com/

SOURCE Million Insights

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