Global Soy Sauce market is expected to reach 46548.09 million USD by the end of 2022

The global Soy Sauce market is valued at 20431.17 million USD in 2016 and is expected to reach 46548.09 million USD by the end of 2022, growing at a CAGR of 14.71% between 2016 and 2022.

Publisher: QYResearch

Published Date: 2018/8/29

Soy sauce, a kind of condiment used for cooking in East Asian cuisines, is made from soybeans. The ingredients of soy sauce are quite complicated. In addition to salt, it also contains various kinds of amino acids, carbohydrate, organic acid, spices, etc. The flavor of soy sauce is mainly salty and it can also be umami and aromatic. Soy sauce can be classified by brewing technique, by raw material, by function and by usage. Soy source can be classified into the brewed and the formulated by raw material, while Brewed still holds the most market share and will keep taking more; Soy sauce can be produced by low-salt solid technique, leaching technique and high-salt liquid technique; while reduced-salt soy sauce is leading the market in recent years.

Asia-Pacific regions are the main consumption areas of Soy Sauce in the world and it will keep the same position in the next few years. The market size of North America and Europe regions will grow fast in the following years.

In the past few years, in terms of output volume, Kikkoman, Bluegrass Soy Sauce (Bourbon Barrel), Okonomi, Maggi, Aloha Shoyu, ABC Sauces, Yamasa, Lee Kum Kee, Shoda Shoyu, Haitian, Jiajia, Shinho, Meiweixian, Kum Thim Food Industries Sdn Bhd are the key suppliers in global market, with leading technology and market position.

The global Soy Sauce market is valued at 20431.17 million USD in 2016 and is expected to reach 46548.09 million USD by the end of 2022, growing at a CAGR of 14.71% between 2016 and 2022.

The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions. North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Soy Sauce. Europe also play important roles in global market, with market size of 1327.16 million USD in 2016 and will be 2048.07 million USD in 2022, with a CAGR of 7.50%.

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