Soy Sauce Market Size, Share & Trends Analysis Report By Type (Brewed, Blended), By Application (Household, Food Industry), By Region (North America, Asia Pacific, MEA, Europe), And Segment Forecasts, 2019 - 2025

Published: Aug, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global soy sauce market size is estimated to reach at USD 59.12 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 5.9% over the forecast period due to increasing product demand as a flavor enhancer from food retail chains and restaurants.

Soy sauce is a key ingredient of many popular and emerging world cuisines like Japanese, Chinese, Thai, Vietnamese, Indonesian, and Malaysian. Growing health consciousness along with rising popularity of aforementioned cuisines across the globe will boost the product demand. Furthermore, key companies are launching new products, which will boost the demand further. For instance, Kikkoman launched Less Salt version of its naturally brewed soy sauce.

Based on type, the market is divided into brewed and blended. Blended type segment accounted for the largest market share of more than 54% in the year 2018 and will retain the position throughout the forecast period. Blended products have a better shelf life and are cheaper than brewed soy sauces, which boosts their demand. On the other hand, brewed product type is expected to witness the fastest CAGR from 2019 to 2025. This growth is attributed to the growing awareness about the product nutritional values and demand for functional foods.

On the basis of application, the market has been segmented into household and food industry. Household application is projected to be the fastest growing segment over the forecasted period. Easy product availability at grocery stores and increasing demand for low-salt and -sugar and gluten-free products are the key factors driving the market in this segment.

Further key findings from the report suggest:

• In terms of revenue, brewed product type is projected to ascend at the maximum CAGR of 6.2% from 2019 to 2025

• Food industry is expected to be the largest application segment in future due to extensive product usage in foods, such as bacon/cured meats, beef, bread & rolls, cookies & cakes, dry mixes, and snacks

• Led by China, Asia Pacific is likely to be the largest, as well as the fastest-growing, regional market over the years to come

• Some of the key companies in the soy sauce market are Haitian, Kikkoman Corp., Masan Group, Bourbon Barrel Foods, Lee Kum Kee, Otafuku Sauce, Yamasa Corp., Maggi, Meiweixian, and Okonomi

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Market Segmentation & Scope
                    1.2. Market Definition
                    1.3. Information Procurement
                        1.3.1. Purchased Database
                        1.3.2. GVR's Internal Database
                        1.3.3. Secondary Sources & Third-Party Perspectives
                        1.3.4. Primary Research
                    1.4. Information Analysis 
                        1.4.1. Data Analysis Models
                    1.5. Market Formulation & Data Visualization
                    1.6. Data Validation & Publishing
Chapter 2. Executive Summary
                    2.1. Market Outlook
                    2.2. Segmental Outlook
                    2.3. Competitive Insights
Chapter 3. Soy Sauce Market Variables, Trends & Scope
                    3.1. Market Introduction
                    3.2. Penetration & Growth Prospect Mapping
                    3.3. Industry Value Chain Analysis
                        3.3.1. Sales/Retail Channel Analysis
                        3.3.2. Profit Margin Analysis
                    3.4. Market Dynamics
                        3.4.1. Market Driver Analysis
                        3.4.2. Market Restraint Analysis
                        3.4.3. Industry Challenges
                        3.4.4. Industry Opportunities
                    3.5. Business Environment Analysis
                        3.5.1. Industry Analysis - Porter's
                            3.5.1.1. Supplier Power
                            3.5.1.2. Buyer Power
                            3.5.1.3. Substitution Threat
                            3.5.1.4. Threat from New Entrant 
                            3.5.1.5. Competitive Rivalry
                    3.6. Roadmap of Soy Sauces Market
                    3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
                    4.1. Consumer Trends and Preferences
                    4.2. Factors Affecting Buying Decision 
                    4.3. Consumer Product Adoption 
                    4.4. Observations & Recommendations
Chapter 5. Soy Sauce Market: Type Estimates & Trend Analysis
                    5.1. Type Movement Analysis & Market Share, 2018 & 2025
                    5.2. Brewed
                        5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.3. Blended
                        5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 6. Soy Sauce Market: Application Estimates & Trend Analysis
                    6.1. Application Movement Analysis & Market Share, 2018 & 2025
                    6.2. Household
                        6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    6.3. Food Industry
                        6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 7. Soy Sauce Market: Regional Estimates & Trend Analysis
                    7.1. Regional Movement Analysis & Market Share, 2018 & 2025
                    7.2. North America
                        7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.2.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                        7.2.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
                        7.2.4. U.S.
                            7.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.2.4.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                            7.2.4.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
                    7.3. Europe
                        7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.3.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                        7.3.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million))
                        7.3.4. U.K.
                            7.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.3.4.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                            7.3.4.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
                        7.3.5. Germany
                            7.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.3.5.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                            7.3.5.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
                    7.4. Asia Pacific
                        7.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.4.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                        7.4.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
                        7.4.4. China
                            7.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.4.4.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                            7.4.4.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
                        7.4.5. Japan
                            7.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.4.5.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                            7.4.5.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
                    7.5. Central & South America
                        7.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.5.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                        7.5.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
                        7.5.4. Brazil
                            7.5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.5.4.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                            7.5.4.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
                    7.6. Middle East & Africa (MEA)
                        7.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.6.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                        7.6.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
Chapter 8. Competitive Analysis
                    8.1. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                    8.2. Vendor Landscape
                        8.2.1. Key company market share analysis, 2018 
Chapter 9. Company Profiles
                    9.1. Haitian
                        9.1.1. Company Overview
                        9.1.2. Financial Performance
                        9.1.3. Product Benchmarking
                        9.1.4. Strategic Initiatives
                    9.2. Kikkoman Corporation
                        9.2.1. Company Overview
                        9.2.2. Financial Performance
                        9.2.3. Product Benchmarking
                        9.2.4. Strategic Initiatives
                    9.3. Masan Group
                        9.3.1. Company Overview
                        9.3.2. Financial Performance
                        9.3.3. Product Benchmarking
                        9.3.4. Strategic Initiatives
                    9.4. Bourbon Barrel Foods
                        9.4.1. Company Overview
                        9.4.2. Financial Performance
                        9.4.3. Product Benchmarking
                        9.4.4. Strategic Initiatives
                    9.5. Lee Kum Kee
                        9.5.1. Company Overview
                        9.5.2. Financial Performance
                        9.5.3. Product Benchmarking
                        9.5.4. Strategic Initiatives
                    9.6. Otafuku Sauce
                        9.6.1. Company Overview
                        9.6.2. Financial Performance
                        9.6.3. Product Benchmarking
                        9.6.4. Strategic Initiatives
                    9.7. Yamasa Corporation
                        9.7.1. Company Overview
                        9.7.2. Financial Performance
                        9.7.3. Product Benchmarking
                        9.7.4. Strategic Initiatives
                    9.8. Maggi
                        9.8.1. Company Overview
                        9.8.2. Financial Performance
                        9.8.3. Product Benchmarking
                        9.8.4. Strategic Initiatives
                    9.9. Meiweixian
                        9.9.1. Company Overview
                        9.9.2. Financial Performance
                        9.9.3. Product Benchmarking
                        9.9.4. Strategic Initiatives
                    9.10. Okonomi
                        9.10.1. Company Overview
                        9.10.2. Financial Performance
                        9.10.3. Product Benchmarking
                        9.10.4. Strategic Initiatives

List of Tables

TABLE 1 Soy Sauce - Market driver analysis
TABLE 2 Soy Sauce market restraint analysis
TABLE 3 Soy Sauce estimates and forecasts in types, 2015 - 2025 (USD Million)
TABLE 4 Soy Sauce estimates and forecasts in application, 2015 - 2025 (USD Million)
TABLE 5 Soy Sauce estimates and forecasts in region, 2015 - 2025 (USD Million)
TABLE 6 North America Soy Sauce estimates and forecasts, 2015 - 2025 (USD Million)
TABLE 7 North America Soy Sauce revenue, by types, 2015 - 2025 (USD Million)
TABLE 8 North America Soy Sauce revenue, by Application, 2015 - 2025 (USD Million)
TABLE 9 U.S. Soy Sauce estimates and forecasts, 2015 - 2025 (USD Million)
TABLE 10 U.S. Soy Sauce revenue, by types, 2015 - 2025 (USD Million)
TABLE 11 U.S. Soy Sauce revenue, by Application, 2015 - 2025 (USD Million)
TABLE 12 Europe Soy Sauce estimates and forecasts, 2015 - 2025 (USD Million)
TABLE 13 Europe Soy Sauce revenue, by types, 2015 - 2025 (USD Million)
TABLE 14 Europe Soy Sauce revenue, by Application, 2015 - 2025 (USD Million)
TABLE 15 U.K. Soy Sauce estimates and forecasts, 2015 - 2025 (USD Million)
TABLE 16 U.K. Soy Sauce revenue, by types, 2015 - 2025 (USD Million)
TABLE 17 U.K. Soy Sauce revenue, by Application, 2015 - 2025 (USD Million)
TABLE 18 Germany Soy Sauce estimates and forecasts, 2015 - 2025 (USD Million)
TABLE 19 Germany Soy Sauce revenue, by types, 2015 - 2025 (USD Million)
TABLE 20 Germany Soy Sauce revenue, by Application, 2015 - 2025 (USD Million)
TABLE 21 Asia Pacific Soy Sauce estimates and forecasts, 2015- 2025 (USD Million)
TABLE 22 Asia Pacific Soy Sauce volume, by types, 2015- 2025 (USD Million)
TABLE 23 Asia Pacific Soy Sauce revenue, by Application, 2015- 2025 (USD Million)
TABLE 24 China Soy Sauce estimates and forecasts, 2015 - 2025 (USD Million)
TABLE 25 China Soy Sauce revenue, by types, 2015 - 2025 (USD Million)
TABLE 26 China Soy Sauce revenue, by Application, 2015 - 2025 (USD Million)
TABLE 27 Japan Soy Sauce estimates and forecasts, 2015 - 2025 (USD Million)
TABLE 28 Japan Soy Sauce revenue, by types, 2015 - 2025 (USD Million)
TABLE 29 Japan Soy Sauce revenue, by Application, 2015 - 2025 (USD Million)
TABLE 30 Central & South America Soy Sauce estimates and forecasts, 2015 - 2025 (USD Million)
TABLE 31 Central & South America Soy Sauce revenue, by types, 2015 - 2025 (USD Million)
TABLE 32 Central & South America Soy Sauce revenue, by Application, 2015 - 2025 (USD Million)
TABLE 33 Brazil Soy Sauce estimates and forecasts, 2015 - 2025 (USD Million)
TABLE 34 Brazil Soy Sauce revenue, by types, 2015 - 2025 (USD Million)
TABLE 35 Brazil Soy Sauce revenue, by Application, 2015 - 2025 (USD Million)
TABLE 36 Middle East & Africa Soy Sauce estimates and forecasts, 2015 - 2025 (USD Million)
TABLE 37 Middle East & Africa Soy Sauce revenue, by types, 2015 - 2025 (USD Million)
TABLE 38 Middle East & Africa Soy Sauce revenue, by Application, 2015 - 2025 (USD Million)

List of Figures

FIG. 1 Soy Sauce market segmentation & scope
FIG. 2 Soy Sauce market key opportunities prioritized
FIG. 3 Value chain analysis Soy Sauce
FIG. 4 Soy Sauce market dynamics
FIG. 5 Soy Sauce market porter's analysis
FIG. 6 Soy Sauce: Type movement analysis
FIG. 7 Soy Sauce: Application movement analysis
FIG. 8 Regional market place: Key takeaways
FIG. 9 Soy Sauce: Regional movement analysis
FIG. 10 Strategy framework