세계의 간장 시장 예측(-2030년) : 유형별, 제법별, 포장 유형별, 유통 채널별, 최종 사용자별, 지역별 분석

According to Stratistics MRC, the Global Soy Sauce Market is accounted for $62.65 billion in 2024 and is expected to reach $98.87 billion by 2030 growing at a CAGR of 7.9% during the forecast period. A common condiment, soy sauce is created by fermenting soybeans, wheat, salt, and water. Originating in East Asia, it has been a staple ingredient in cooking and food preservation for centuries in nations like China, Japan, and Korea. Soy sauce gets its unique umami flavour-a savoury taste that amplifies the richness of a variety of dishes-from the fermentation process, which can take several months. Soy sauce can be found frequently in stir-fries, marinades, dressings, and as a dipping sauce for sushi and dumplings.

According to the Food and Agriculture Organization (FAO), global soy production reached over 370 million metric tons in 2022, with a significant portion used in soy-based products like soy sauce, tofu, and soy milk, underscoring the widespread demand for soybeans in food industries.

Market Dynamics:

Driver:

Growing need for flavouring and seasoning ingredients

Global consumers are demanding more flavorful and varied palate experiences, which are changing the culinary landscape globally. Since soy sauce has an umami flavor, it can be used as a seasoning to enhance the flavor of a variety of foods. Chefs and amateur cooks alike are experimenting with soy sauce in marinades, dressings, and even desserts, proving that its applications are not just restricted to traditional Asian cuisine. Moreover, the increased demand for it in different culinary applications due to its versatility has made it a mainstay in both home kitchens and commercial food establishments.

Restraint:

Health issues with sodium content

The health risks of soy sauce's high sodium content are one of the biggest barriers to its market. Because traditional soy sauce frequently contains high levels of sodium, it may exacerbate health conditions like hypertension and cardiovascular diseases. The demand for low-sodium substitutes is rising as consumers become more health conscious. Additionally, the market for conventional soy sauce products may become smaller as a result of this change, forcing producers to make investments in creating healthier alternatives that might not always fit with their current capacity for production or sense of brand.

Opportunity:

Growth of online retail sites

The emergence of e-commerce has revolutionized the way consumers purchase food items, such as soy sauce. Customers can access a greater range of brands and flavors through online platforms that they might not find in nearby stores. With focused internet marketing tactics, soy sauce companies can take advantage of this change to expand their consumer base and reach new markets and demographics. Furthermore, businesses can use influencer relationships and social media to market their goods, inform customers about the various varieties of soy sauce, and stimulate online sales.

Threat:

Threats from substitute conditions

A number of increasingly popular alternative condiments pose a serious threat to the soy sauce market. Products used as stand-ins in cooking and food preparation include teriyaki sauce, tamari, and different hot sauces. These substitutes frequently meet particular dietary requirements (like being gluten-free) or have distinctive flavor profiles that appeal to a wider range of consumers. Moreover, the availability of these alternatives may cause traditional soy sauce brands to lose market share as consumers experiment with a wider range of culinary options.

Covid-19 Impact:

The COVID-19 pandemic caused disruptions in multiple sectors, which in turn had a significant impact on the soy sauce market. Restaurants and eateries, which are big users of soy sauce, saw a sharp decline in foodservice operations as a result of lockdowns and restrictions on eating out. Retail sales saw a brief uptick as shoppers stocked up on pantry staples, but supply chain disruptions and trade restrictions that impacted ingredient availability and distribution also caused problems for the market as a whole.

The Light Soy Sauce segment is expected to be the largest during the forecast period

Due to its popularity as a versatile seasoning and its extensive use in a variety of culinary applications, the light soy sauce segment has the largest market share in the soy sauce industry. When it comes to adding flavor to food without overpowering it, light soy sauce is preferred over dark soy sauce because of its thinner consistency and saltier flavor. It's a mainstay in both home cooking and foodservice environments, frequently used in marinades, stir-fries, and as a dipping sauce. Additionally, the demand for light soy sauce is further supported by the growing trend toward umami-rich foods and the rising appeal of Asian cuisines worldwide.

The Brewed Soy Sauce segment is expected to have the highest CAGR during the forecast period

In the soy sauce market, the brewed soy sauce segment is anticipated to grow at the highest CAGR. The main reason for this growth is that consumers are becoming more conscious of the quality and nutritional advantages of naturally brewed products. Because it is made using a traditional fermentation process, brewed soy sauce has a more complex flavour and is therefore favored by both health-conscious consumers and foodies. Furthermore, the use of brewed soy sauce in both home and foodservice applications is growing as consumer demand for genuine, high-quality food products rises.

Region with largest share:

With regard to the soy sauce market, the Asia Pacific region has the largest share. The primary cause of this dominance is the region's deeply ingrained culinary traditions, which use soy sauce as a key component of many different cuisines, such as Chinese, Japanese, Korean, and Thai. Because soy sauce is so important to these nations' cultures, there is a constant demand for both conventional and creative soy sauce varieties. Moreover, the Asia Pacific region is predicted to hold its top spot as Asian cuisines become more and more popular worldwide, helped along by a growing demand for real flavors and the expansion of Asian eateries across the globe.

Region with highest CAGR:

The soy sauce market is expected to grow significantly in the Europe region, with the highest projected CAGR over the forecast period. European consumers growing appreciation for Asian flavors and their growing interest in international cuisines are the main drivers of this growth. Soy sauce has become more and more well-liked as a versatile condiment as culinary diversity increases. It can now be found in a wide range of dishes outside of traditional Asian recipes. Furthermore, the growing popularity of artisanal and gourmet food trends, especially in Germany, France, and the UK, is also driving up demand for premium soy sauce products.

Key players in the market

Some of the key players in Soy Sauce market include Yamasa Corp., Foshan Haitian Flavouring & Food Co. Ltd, Kikkoman Corporation, Nestle S.A., Bourbon Barrel Foods, Monggo Foods Co., Ltd., Lee Kum Kee, Kraft Heinz Company, McCormick & Co Inc., Campbell Soup Company, Haitian, Eden Foods, Masan Group, Otafuku Sauce Co., Ltd. and Hormel Foods Corporation

Key Developments:

In May 2024, Kraft Heinz Canada and Highbury Canco announced the extension of their partnership agreement in Leamington for another four years, with the production deal now in place until the end of 2027. Today's announcement marks the third consecutive extension in the longstanding partnership between the two organizations in Southern Ontario, a connection that has served to support jobs and bolster the local economy.

In February 2024, Nestle, in a move to streamline its operations, has entered into a slump sale agreement for its Nestle Business Services (NBS) Division with Purina PetCare India, a wholly-owned subsidiary of Nestle S.A. The deal, valued at ₹798 million, is set to be effective from July 1, 2024, subject to customary closing conditions.

In August 2023, Campbell Soup Company and Sovos Brands, Inc. announced that the companies have entered into an agreement for Campbell to acquire Sovos Brands, Inc. for $23 per share in cash, representing a total enterprise value of approximately $2.7 billion.

Types Covered:

• Regular Soy Sauce
• Low-Sodium Soy Sauce
• Tamari
• Dark Soy Sauce
• Light Soy Sauce

Processes Covered:

• Brewed Soy Sauce
• Blended Soy Sauce

Packaging Types Covered:

• Glass Jars
• Flexible Packs
• Plastic Jars
• Bulk Containers

Distribution Channels Covered:

• HoReCa
• QSR
• Supermarkets and Hypermarkets
• Convenience Stores
• Online Sales

End Users Covered:

• Processed Food
• Foodservice Sectors
• Households
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 End User Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Soy Sauce Market, By Type

• 5.1 Introduction
• 5.2 Regular Soy Sauce
• 5.3 Low-Sodium Soy Sauce
• 5.4 Tamari
• 5.5 Dark Soy Sauce
• 5.6 Light Soy Sauce

6 Global Soy Sauce Market, By Process

• 6.1 Introduction
• 6.2 Brewed Soy Sauce
• 6.3 Blended Soy Sauce

7 Global Soy Sauce Market, By Packaging Type

• 7.1 Introduction
• 7.2 Glass Jars
• 7.3 Flexible Packs
• 7.4 Plastic Jars
• 7.5 Bulk Containers

8 Global Soy Sauce Market, By Distribution Channel

• 8.1 Introduction
• 8.2 HoReCa
• 8.3 QSR
• 8.4 Supermarkets and Hypermarkets
• 8.5 Convenience Stores
• 8.6 Online Sales

9 Global Soy Sauce Market, By End User

• 9.1 Introduction
• 9.2 Processed Food
• 9.3 Foodservice Sectors
• 9.4 Households
• 9.5 Other End Users

10 Global Soy Sauce Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Yamasa Corp.
• 12.2 Foshan Haitian Flavouring & Food Co. Ltd
• 12.3 Kikkoman Corporation
• 12.4 Nestle S.A.
• 12.5 Bourbon Barrel Foods
• 12.6 Monggo Foods Co., Ltd.
• 12.7 Lee Kum Kee
• 12.8 Kraft Heinz Company
• 12.9 McCormick & Co Inc.
• 12.10 Campbell Soup Company
• 12.11 Haitian
• 12.12 Eden Foods
• 12.13 Masan Group
• 12.14 Otafuku Sauce Co., Ltd.
• 12.15 Hormel Foods Corporation