Soy Sauce Market Hitting New Highs By 2030

In a recent research report by Market Research Community, the Soy Sauce market is expected to surpass USD 69,130.97 Million by the year 2030, from USD 39,025.57 Million in 2021.

Soy sauce is a popular condiment made from fermented soybeans, wheat, salt, and water. It is commonly used in Asian cuisine for seasoning and as a dipping sauce. There are several varieties of soy sauce, including light and dark, with differences in flavor and texture.

Asia-Pacific region is expected to witness a significant CAGR growth of over 7.0% during the forecast period. The rapid pace of urbanization, development, and globalization in the Asian countries is creating lucrative opportunities for the growth of the market in the region. Moreover, the rising per capita expenditure, and increasing demand for condiments are the primary factors fostering the market growth for soy sauce in the region.

Factors such as the increasing consumption of soy sauce in European households, owing to its rich and savory flavor are driving the growth of the market. Similarly, the rising use of soy sauce in the food service industry including restaurants, cafeterias, fast-food outlets, and other similar places is a significant factor promoting the market growth.

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The study is consolidated into major segments and further into sub-segments, such as By Process (Brewed and Blended), By Type (Light Soy Sauce, Dark Soy, and Other), By Distribution (Direct Sales, Supermarkets and Hypermarkets, Convenience Stores, Online Stores, and Others), By Packaging (Glass Jars, Flexible Packs, Plastic Jars, and Others), By Application (Household and Food Processing & Food Service Industry)), to forecast the market size by value considering 2021 as the base year.

Market Segment:

By Process (Brewed and Blended)

By Type (Light Soy Sauce, Dark Soy, and Other)

By Distribution (Direct Sales, Supermarkets and Hypermarkets, Convenience Stores, Online Stores, and Others)

By Packaging (Glass Jars, Flexible Packs, Plastic Jars, and Others)

By Application (Household and Food Processing & Food Service Industry)

 By Region

·         North America: U.S., Canada, Mexico

·         Europe: Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe

·         Asia Pacific: China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific

·         Latin America: Brazil, Argentina, Chile, Rest of Latin America

·         The Middle East and Africa: GCC, Turkey, Israel, Rest of MEA

 

The Soy Sauce Market Industry is expected significantly over the next few years in meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications

Lastly, the report includes a regional analysis and country analysis with the latest trends, along with the major key players including Yamasa Corp., Campbell Soup Company, Marunaka-Shoyu, Shoda Sauces Europe Company Limited, Kormel Foods corpp., Halcyon Proteins, Bourbon Barrel Foods

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