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Soy Sauce Market Pegged To Expand Robustly Due To Increasing Restaurants, Food Retail Chains And Food Manufacturers Till 2025| Million Insights

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Soy Sauce Market Pegged To Expand Robustly Due To Increasing Restaurants, Food Retail Chains And Food Manufacturers Till 2025| Million Insights

March 17
05:02 2020
Soy Sauce Market Pegged To Expand Robustly Due To Increasing Restaurants, Food Retail Chains And Food Manufacturers Till 2025| Million Insights

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According To New Report Available With Million Insights, Soy Sauce Market Provides A Detailed Overview of Industry With Respect To The Essential Drivers Influencing The Revenue Graph Of This Business Sphere. Report Analyze Competitive Developments And Offers An Overview Of The Emerging Trends, Application Scope, Size, Status, Economics, Demand And New Technology In The Market.

The global Soy Sauce Market scope was projected at US$ 39.7 billion in 2018. It is expected to reach US$ 59.12 billion by 2025 with a CAGR of 5.9% during the forecast period. This could be attributed to rising preference of consumers for soy sauce coupled with an ever-increasing focus on expansion of production capabilities. As such, the verticals driving the soy sauce market include restaurants, food retail chains, and food manufacturers.

Market Scope:

Soy sauce is one of the main ingredients of several popular and upcoming global cuisines like Chinese, Malaysian, Indonesian, Vietnamese, Thai, and Japanese. Plus, consumers are turning health conscious with the passage of time. As of now, soy sauce is used for preparing foods like beef, dry mixes, cookies & cakes, bread & rolls, bacon/cured meat, dressings, and various snacks.

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Trends:

High salt consumption has given rise to loads of health concerns; which is catalyzing the demand for less-salty food. This factor is likely to impact the soy sauce market positively in the next 5-7 years. Plus, key players are on the new product launch spree. For instance, the U.S. alone witnessed launching of 200 products in the year 2016. Plus, Kikkoman did launch its naturally brewed soy sauce’s “Less Salt Version” around the same time. The novel product has retained the taste of the food along with dropping of salt content by around 43%.

Market Segmentation:

The soy sauce industry is segmented by type, application, and geography. By type, it spans blended and brewed. By application, it says household and food industry. By geography, it states North America (U.S.), Europe (Germany, UK), Asia Pacific (China, Japan), Central & Latin America (Brazil), and MEA. Asia Pacific is the leader due to the reasons mentioned above. North America, Europe follow suit. LATAM is also catching up due to Brazil soon coming out of the “BRICS” gambit.

Players:

The other players contributing to the soy sauce market include Lee Kum Kee, YAMASA Corporation, OTAFUKU SAUCE, Foshan Haitian Flavoring & Food, and Bourbon Barrel Foods.

Want To Access Full Research Report On Global Soy Sauce Market? Click Here: https://www.millioninsights.com/industry-reports/soy-sauce-market

Market Segment:

Soy Sauce Type Outlook (Revenue, USD Million, 2015 – 2025)
    • Brewed
    • Blended

Soy Sauce Application Outlook (Revenue, USD Million, 2015 – 2025)
    • Household
    • Food Industry

Soy Sauce Regional Outlook (Revenue, USD Million, 2015 – 2025)
    • North America
        • U.S.
    • Europe
        • U.K.
        • Germany
    • Asia Pacific
        • China
        • Japan
    • Central & South America
        • Brazil
    • Middle East & Africa

For Detail TOC Click Here – https://www.millioninsights.com/industry-reports/soy-sauce-market/table-of-content

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