Global Soy Sauce Market Expected to be Worth $55, 896.2 Million by 2025 - ResearchAndMarkets.com

The "Global Soy Sauce Market (2019-2025)" report has been added to ResearchAndMarkets.com's offering.

The Global Soy Sauce Market size is expected to reach $55,896.2 Million by 2025, rising at a market growth of 5.6% CAGR during the forecast period.

It is one of the world's oldest condiments made from fermented soybeans combined with wheat, barley, or rice. It's basically made by boiling soybeans and fermenting them. For weeks, the soybeans are then coated with salted water. This results in a thin reddish-brown liquid with flavors of salt and umami. This is a key ingredient in Asian seasoning. This is a highly flexible crop that can be pickled and fermented to make soy milk. It is sometimes used to make tofu by the curdling process.

Increasing demand from food retail chains, food manufacturers, and restaurants as a flavor enhancer and seasoning ingredient drive this market's growth. It is also a key ingredient in many traditional and emerging world cuisines, including Japanese, Thai, Chinese, Indonesian, Vietnamese, and Malaysian cuisine. The understanding of health along with the increasing popularity of the above-mentioned cuisines around the globe is expected to fuel demand for the product. Soy sauce is used to prepare foods like beef, bacon/cured meats, bread & rolls, dry mixes, cookies & cakes, snacks, dressings, and many others.

The food industry is projected to be the fastest-growing application segment during the forecast period accounting for a dominant market share. This growth has been associated with the widespread use of soy sauce in food preparation like beef, bacon/cured meats, bread & rolls, cookies & cakes, dry mixes, and snacks. In addition, there is an estimated increase in the number of restaurants and food chains around the globe to fuel consumer demand in this market.

Manufacturers are undergoing enormous growth opportunities owing to the increasing customer demand for soy sauce products. Such manufacturers are well placed to meet the growing demands of consumers across the markets as they broaden their manufacturing capabilities to meet this increasing demand. Soy sauce producers have innovative and distributive strategies. Due to various successful new product launches, the market is expected to see exponential growth. A successful launch of a new product extends the vendors' customer base and helps them boost their revenue flow.

Key Topics Covered:

Chapter 1. Market Scope & Methodology

1.1 Market Definition

1.2 Objectives

1.3 Market Scope

1.4 Segmentation

1.5 Methodology for the research

Chapter 2. Market Overview

2.1 Introduction

2.2 Key Factors Impacting the Market

2.2.1 Market Drivers

2.2.2 Market Restraints

Chapter 3. Global Soy Sauce Market by Type

3.1 Global Brewed Market by Region

3.2 Global Blended Market by Region

Chapter 4. Global Soy Sauce Market by Application

4.1 Global Food Industry Market by Region

4.2 Global Household Market by Region

Chapter 5. Global Soy Sauce Market by Region

5.1 North America Soy Sauce Market

5.2 Europe Soy Sauce Market

5.3 Asia Pacific Soy Sauce Market

5.4 LAMEA Soy Sauce Market

Chapter 6. Company Profiles

6.1 Foshan Haitian Flavoring & Food Co., Ltd. (Guangdong Haitian Group Co., Ltd.)

6.2 Kikkoman Corporation

6.3 Masan Group Corporation

6.4 Bourbon Barrel Foods LLC

6.5 Lee Kum Kee Company Limited

6.6 Otafuku Sauce Co., Ltd.

6.7 Nestle S.A. (Maggi)

6.8 Yamasa Corporation

6.9 Aloha Shoyu Company

6.10 Guangdong Meiweixian Flavoring Foods Co., Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/b3xm9o

View source version on businesswire.com: https://www.businesswire.com/news/home/20200204005463/en/