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Asia Pacific Soy Sauce Market Size, Share & Trends Analysis Report By Type (Blended and Brewed), By Application (Food Industry and Household), By Country and Growth Forecast, 2023 - 2030

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    Report

  • 107 Pages
  • March 2024
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 4900341
The Asia Pacific Soy Sauce Market would witness market growth of 6.3% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 3,405.1 kilo tonnes, showcasing a growth of 6.2% (2019-2022).

Brewed sauce, also known as traditional sauce, holds a significant role in the sauce market due to its rich flavour profile, deep umami taste, and versatile culinary applications. Its authentic production process, which often involves long fermentation periods in wooden barrels, imparts unique characteristics that set it apart from other types of sauce. Therefore, the Japan market consumed 376.3 kilo tonnes of brewed soy sauce in 2022.



The China market dominated the Asia Pacific Soy Sauce Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $8,398.1 million by 2030. The Japan market is registering a CAGR of 5.5% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 6.9% during (2023 - 2030).

The integration of functional ingredients into sauce formulations is gaining momentum. Manufacturers are exploring adding ingredients with potential health benefits, such as probiotics or antioxidants, creating sauces that go beyond traditional flavor enhancement and contribute to overall well-being. Probiotics, known for their role in promoting gut health, have gained significant attention in the food industry. By deliberately introducing probiotic strains, manufacturers can potentially enhance the gut-friendly properties.

Moreover, technological advancements play a crucial role in optimizing sauce production. From fermentation control systems to automation in bottling processes, these innovations contribute to consistent quality, efficiency, and scalability. Embracing technology allows manufacturers to meet the rising demand for sauce while maintaining stringent quality standards.

The sauce is deeply rooted in Chinese culinary traditions and is a centuries-old staple. As the food industry expands, plays a central role in Chinese cooking, ensuring its continued demand and relevance. Its use in restaurant kitchens, coupled with consumer exposure to dishes featuring the sauce, can drive demand. As per the data from the State Council of the Government of China, the food industry experienced consistent growth in production and sales during the first half of 2022. The retail sales of grain, oil, and food reached 903.18 billion yuan, reflecting a year-on-year increase of 9.9%. Hence, the growing food industry in the Asia Pacific will help in the growth of the regional market.

Based on Type, the market is segmented into Blended and Brewed. Based on Application, the market is segmented into Food Industry and Household. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

List of Key Companies Profiled

  • Bourbon Barrel Foods LLC
  • Lee Kum Kee Company Limited
  • Otafuku Sauce Co., Ltd.
  • Yamasa Corporation
  • Aloha Shoyu Company
  • Guangdong Meiweixian Flavoring Foods Co., Ltd.
  • Nestle S.A.
  • Masan Group Corporation
  • Kikkoman Corporation
  • Foshan Haitian Flavoring & Food Co., Ltd.

Market Report Segmentation

By Type (Volume, kilo Tonnes, USD Billion, 2019-2030)
  • Blended
  • Brewed
By Application (Volume, kilo Tonnes, USD Billion, 2019-2030)
  • Food Industry
  • Household
By Country (Volume, kilo Tonnes, USD Billion, 2019-2030)
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Soy Sauce Market, by Type
1.4.2 Asia Pacific Soy Sauce Market, by Application
1.4.3 Asia Pacific Soy Sauce Market, by Country
1.5 Methodology for the Reseaarch
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Strategies Deployed in Soy Sauce Market
Chapter 5. Asia Pacific Soy Sauce Market by Type
5.1 Asia Pacific Blended Market by Country
5.2 Asia Pacific Brewed Market by Country
Chapter 6. Asia Pacific Soy Sauce Market by Application
6.1 Asia Pacific Food Industry Market by Country
6.2 Asia Pacific Household Market by Country
Chapter 7. Asia Pacific Soy Sauce Market by Country
7.1 China Soy Sauce Market
7.1.1 China Soy Sauce Market by Type
7.1.2 China Soy Sauce Market by Application
7.2 Japan Soy Sauce Market
7.2.1 Japan Soy Sauce Market by Type
7.2.2 Japan Soy Sauce Market by Application
7.3 India Soy Sauce Market
7.3.1 India Soy Sauce Market by Type
7.3.2 India Soy Sauce Market by Application
7.4 South Korea Soy Sauce Market
7.4.1 South Korea Soy Sauce Market by Type
7.4.2 South Korea Soy Sauce Market by Application
7.5 Singapore Soy Sauce Market
7.5.1 Singapore Soy Sauce Market by Type
7.5.2 Singapore Soy Sauce Market by Application
7.6 Malaysia Soy Sauce Market
7.6.1 Malaysia Soy Sauce Market by Type
7.6.2 Malaysia Soy Sauce Market by Application
7.7 Rest of Asia Pacific Soy Sauce Market
7.7.1 Rest of Asia Pacific Soy Sauce Market by Type
7.7.2 Rest of Asia Pacific Soy Sauce Market by Application
Chapter 8. Company Profiles
8.1 Bourbon Barrel Foods LLC
8.1.1 Company Overview
8.1.2 SWOT Analysis
8.2 Lee Kum Kee Company Limited
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Product Launches and Product Expansions:
8.2.2.2 Geographical Expansions:
8.2.3 SWOT Analysis
8.3 Otafuku Sauce Co., Ltd.
8.3.1 Company Overview
8.3.2 Recent strategies and developments:
8.3.2.1 Product Launches and Product Expansions:
8.3.3 SWOT Analysis
8.4 Yamasa Corporation
8.4.1 Company Overview
8.4.2 SWOT Analysis
8.5 Aloha Shoyu Company
8.5.1 Company Overview
8.5.2 SWOT Analysis
8.6 Guangdong Meiweixian Flavoring Foods Co., Ltd.
8.6.1 Company Overview
8.7 Nestle S.A.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Reseaarch & Development Expenses
8.7.5 SWOT Analysis
8.8 Masan Group Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 SWOT Analysis
8.9 Kikkoman Corporation
8.9.1 Company Overview
8.9.1 Financial Analysis
8.9.2 Segmental and Regional Analysis
8.9.3 Reseaarch & Development Expense
8.9.4 Recent strategies and developments:
8.9.4.1 Product Launches and Product Expansions:
8.9.4.2 Geographical Expansions:
8.9.5 SWOT Analysis
8.10. Foshan Haitian Flavoring & Food Co., Ltd.
8.10.1 Company overview
8.10.2 Financial Analysis
8.10.3 SWOT Analysis

Companies Mentioned

  • Bourbon Barrel Foods LLC
  • Lee Kum Kee Company Limited
  • Otafuku Sauce Co., Ltd.
  • Yamasa Corporation
  • Aloha Shoyu Company
  • Guangdong Meiweixian Flavoring Foods Co., Ltd.
  • Nestle S.A.
  • Masan Group Corporation
  • Kikkoman Corporation
  • Foshan Haitian Flavoring & Food Co., Ltd.

Methodology

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