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LAMEA 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

Published Date : 29-Mar-2024

Pages: 108

Formats: PDF

The Latin America, Middle East and Africa Soy Sauce Market would witness market growth of 7.7% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 673.1 kilo tonnes, showcasing a growth of 9.7% (2023-2030).

In the food industry, soy sauce serves as a fundamental ingredient in a diverse array of dishes, contributing depth, richness, and complexity to culinary creations across various cuisines. Its umami-rich flavour profile makes it a staple in Asian cooking, where it is used to season stir-fries, marinades, dipping sauces, soups, noodles, and sushi. Its ability to balance and accentuate flavours makes it indispensable in both traditional recipes and innovative culinary creations. Therefore, the UAE market consumed 54.8 kilo tonnes in the food industry in 2022.

LAMEA Soy Sauce Market

The Brazil market dominated the LAMEA Soy Sauce Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,567.9 million by 2030. The Argentina market is showcasing a CAGR of 8.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 7.4% during (2023 - 2030).

It is used as a dipping sauce or a seasoning for stir-fries, soy has transcended its initial roles to become a foundational ingredient in many recipes. Its applications span from traditional Asian dishes to innovative fusion cuisines, showcasing the dynamic nature of its culinary contributions. As consumers seek more authentic and high-quality food experiences, there is a growing interest in artisanal and traditionally brewed sauces. The emphasis on authenticity aligns with the broader trend of consumers seeking transparency and traceability in their food choices.

In addition, the growing interest in artisanal sauces is part of a broader trend where consumers are increasingly drawn to products that offer authenticity and transparency. In an era where the sourcing of ingredients and the production process are scrutinized, artisanal sauce producers provide a clear narrative about their products' methods, ingredients, and cultural significance. This transparency resonates with consumers who seek a genuine connection with their food and a deeper understanding of its origins.

The growth of the restaurant and food service industry in South Africa provides ample opportunities for sauce consumption. As per the data from the Government of South Africa, comparing February 2023 to February 2022, the food and beverage industry's total revenue increased by 14.9% when denominated in real terms (constant 2019 prices). Food sales (13.8%) and bar sales (35.5%) both experienced favorable annual growth rates. Hence, the rising food service and food and beverage sectors in LAMEA can lead to enhanced growth in the regional market.

Free Valuable Insights: The Worldwide Soy Sauce Market is Projected to reach USD 73.2 Billion by 2030, at a CAGR of 6.1%

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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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.

LAMEA Soy Sauce 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)

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Soy Sauce Market, by Type
1.4.2 LAMEA Soy Sauce Market, by Application
1.4.3 LAMEA 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. LAMEA Soy Sauce Market by Type

5.1 LAMEA Blended Market by Country
5.2 LAMEA Brewed Market by Country

Chapter 6. LAMEA Soy Sauce Market by Application
6.1 LAMEA Food Industry Market by Country
6.2 LAMEA Household Market by Country

Chapter 7. LAMEA Soy Sauce Market by Country
7.1 Brazil Soy Sauce Market
7.1.1 Brazil Soy Sauce Market by Type
7.1.2 Brazil Soy Sauce Market by Application
7.2 Argentina Soy Sauce Market
7.2.1 Argentina Soy Sauce Market by Type
7.2.2 Argentina Soy Sauce Market by Application
7.3 UAE Soy Sauce Market
7.3.1 UAE Soy Sauce Market by Type
7.3.2 UAE Soy Sauce Market by Application
7.4 Saudi Arabia Soy Sauce Market
7.4.1 Saudi Arabia Soy Sauce Market by Type
7.4.2 Saudi Arabia Soy Sauce Market by Application
7.5 South Africa Soy Sauce Market
7.5.1 South Africa Soy Sauce Market by Type
7.5.2 South Africa Soy Sauce Market by Application
7.6 Nigeria Soy Sauce Market
7.6.1 Nigeria Soy Sauce Market by Type
7.6.2 Nigeria Soy Sauce Market by Application
7.7 Rest of LAMEA Soy Sauce Market
7.7.1 Rest of LAMEA Soy Sauce Market by Type
7.7.2 Rest of LAMEA 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
TABLE 1 LAMEA Soy Sauce Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Soy Sauce Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Soy Sauce Market, 2019 - 2022, Kilo Tonnes
TABLE 4 LAMEA Soy Sauce Market, 2023 - 2030, Kilo Tonnes
TABLE 5 LAMEA Soy Sauce Market by Type, 2019 - 2022, USD Million
TABLE 6 LAMEA Soy Sauce Market by Type, 2023 - 2030, USD Million
TABLE 7 LAMEA Soy Sauce Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 8 LAMEA Soy Sauce Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 9 LAMEA Blended Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Blended Market by Country, 2023 - 2030, USD Million
TABLE 11 LAMEA Blended Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 LAMEA Blended Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 LAMEA Brewed Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Brewed Market by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Brewed Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 LAMEA Brewed Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 LAMEA Soy Sauce Market by Application, 2019 - 2022, USD Million
TABLE 18 LAMEA Soy Sauce Market by Application, 2023 - 2030, USD Million
TABLE 19 LAMEA Soy Sauce Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 20 LAMEA Soy Sauce Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 21 LAMEA Food Industry Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Food Industry Market by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA Food Industry Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 LAMEA Food Industry Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 LAMEA Household Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Household Market by Country, 2023 - 2030, USD Million
TABLE 27 LAMEA Household Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 LAMEA Household Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 LAMEA Soy Sauce Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA Soy Sauce Market by Country, 2023 - 2030, USD Million
TABLE 31 LAMEA Soy Sauce Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 LAMEA Soy Sauce Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 Brazil Soy Sauce Market, 2019 - 2022, USD Million
TABLE 34 Brazil Soy Sauce Market, 2023 - 2030, USD Million
TABLE 35 Brazil Soy Sauce Market, 2019 - 2022, Kilo Tonnes
TABLE 36 Brazil Soy Sauce Market, 2023 - 2030, Kilo Tonnes
TABLE 37 Brazil Soy Sauce Market by Type, 2019 - 2022, USD Million
TABLE 38 Brazil Soy Sauce Market by Type, 2023 - 2030, USD Million
TABLE 39 Brazil Soy Sauce Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 40 Brazil Soy Sauce Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 41 Brazil Soy Sauce Market by Application, 2019 - 2022, USD Million
TABLE 42 Brazil Soy Sauce Market by Application, 2023 - 2030, USD Million
TABLE 43 Brazil Soy Sauce Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 44 Brazil Soy Sauce Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 45 Argentina Soy Sauce Market, 2019 - 2022, USD Million
TABLE 46 Argentina Soy Sauce Market, 2023 - 2030, USD Million
TABLE 47 Argentina Soy Sauce Market, 2019 - 2022, Kilo Tonnes
TABLE 48 Argentina Soy Sauce Market, 2023 - 2030, Kilo Tonnes
TABLE 49 Argentina Soy Sauce Market by Type, 2019 - 2022, USD Million
TABLE 50 Argentina Soy Sauce Market by Type, 2023 - 2030, USD Million
TABLE 51 Argentina Soy Sauce Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 52 Argentina Soy Sauce Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 53 Argentina Soy Sauce Market by Application, 2019 - 2022, USD Million
TABLE 54 Argentina Soy Sauce Market by Application, 2023 - 2030, USD Million
TABLE 55 Argentina Soy Sauce Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 56 Argentina Soy Sauce Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 57 UAE Soy Sauce Market, 2019 - 2022, USD Million
TABLE 58 UAE Soy Sauce Market, 2023 - 2030, USD Million
TABLE 59 UAE Soy Sauce Market, 2019 - 2022, Kilo Tonnes
TABLE 60 UAE Soy Sauce Market, 2023 - 2030, Kilo Tonnes
TABLE 61 UAE Soy Sauce Market by Type, 2019 - 2022, USD Million
TABLE 62 UAE Soy Sauce Market by Type, 2023 - 2030, USD Million
TABLE 63 UAE Soy Sauce Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 64 UAE Soy Sauce Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 65 UAE Soy Sauce Market by Application, 2019 - 2022, USD Million
TABLE 66 UAE Soy Sauce Market by Application, 2023 - 2030, USD Million
TABLE 67 UAE Soy Sauce Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 68 UAE Soy Sauce Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 69 Saudi Arabia Soy Sauce Market, 2019 - 2022, USD Million
TABLE 70 Saudi Arabia Soy Sauce Market, 2023 - 2030, USD Million
TABLE 71 Saudi Arabia Soy Sauce Market, 2019 - 2022, Kilo Tonnes
TABLE 72 Saudi Arabia Soy Sauce Market, 2023 - 2030, Kilo Tonnes
TABLE 73 Saudi Arabia Soy Sauce Market by Type, 2019 - 2022, USD Million
TABLE 74 Saudi Arabia Soy Sauce Market by Type, 2023 - 2030, USD Million
TABLE 75 Saudi Arabia Soy Sauce Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 76 Saudi Arabia Soy Sauce Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 77 Saudi Arabia Soy Sauce Market by Application, 2019 - 2022, USD Million
TABLE 78 Saudi Arabia Soy Sauce Market by Application, 2023 - 2030, USD Million
TABLE 79 Saudi Arabia Soy Sauce Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 80 Saudi Arabia Soy Sauce Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 81 South Africa Soy Sauce Market, 2019 - 2022, USD Million
TABLE 82 South Africa Soy Sauce Market, 2023 - 2030, USD Million
TABLE 83 South Africa Soy Sauce Market, 2019 - 2022, Kilo Tonnes
TABLE 84 South Africa Soy Sauce Market, 2023 - 2030, Kilo Tonnes
TABLE 85 South Africa Soy Sauce Market by Type, 2019 - 2022, USD Million
TABLE 86 South Africa Soy Sauce Market by Type, 2023 - 2030, USD Million
TABLE 87 South Africa Soy Sauce Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 88 South Africa Soy Sauce Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 89 South Africa Soy Sauce Market by Application, 2019 - 2022, USD Million
TABLE 90 South Africa Soy Sauce Market by Application, 2023 - 2030, USD Million
TABLE 91 South Africa Soy Sauce Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 92 South Africa Soy Sauce Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 93 Nigeria Soy Sauce Market, 2019 - 2022, USD Million
TABLE 94 Nigeria Soy Sauce Market, 2023 - 2030, USD Million
TABLE 95 Nigeria Soy Sauce Market, 2019 - 2022, Kilo Tonnes
TABLE 96 Nigeria Soy Sauce Market, 2023 - 2030, Kilo Tonnes
TABLE 97 Nigeria Soy Sauce Market by Type, 2019 - 2022, USD Million
TABLE 98 Nigeria Soy Sauce Market by Type, 2023 - 2030, USD Million
TABLE 99 Nigeria Soy Sauce Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 100 Nigeria Soy Sauce Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 101 Nigeria Soy Sauce Market by Application, 2019 - 2022, USD Million
TABLE 102 Nigeria Soy Sauce Market by Application, 2023 - 2030, USD Million
TABLE 103 Nigeria Soy Sauce Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 104 Nigeria Soy Sauce Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 105 Rest of LAMEA Soy Sauce Market, 2019 - 2022, USD Million
TABLE 106 Rest of LAMEA Soy Sauce Market, 2023 - 2030, USD Million
TABLE 107 Rest of LAMEA Soy Sauce Market, 2019 - 2022, Kilo Tonnes
TABLE 108 Rest of LAMEA Soy Sauce Market, 2023 - 2030, Kilo Tonnes
TABLE 109 Rest of LAMEA Soy Sauce Market by Type, 2019 - 2022, USD Million
TABLE 110 Rest of LAMEA Soy Sauce Market by Type, 2023 - 2030, USD Million
TABLE 111 Rest of LAMEA Soy Sauce Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 112 Rest of LAMEA Soy Sauce Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 113 Rest of LAMEA Soy Sauce Market by Application, 2019 - 2022, USD Million
TABLE 114 Rest of LAMEA Soy Sauce Market by Application, 2023 - 2030, USD Million
TABLE 115 Rest of LAMEA Soy Sauce Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 116 Rest of LAMEA Soy Sauce Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 117 Key Information – Bourbon Barrel Foods LLC
TABLE 118 Key Information – Lee Kum Kee Company Limited
TABLE 119 Key Information – Otafuku Sauce Co., Ltd.
TABLE 120 Key Information – Yamasa Corporation
TABLE 121 Key Information – Aloha Shoyu Company
TABLE 122 Key Information – Guangdong Meiweixian Flavoring Foods Co., Ltd.
TABLE 123 Key Information – Nestle S.A.
TABLE 124 Key Information – Masan Group Corporation
TABLE 125 Key Information – Kikkoman Corporation
TABLE 126 Key Information – Foshan Haitian Flavoring & Food Co., Ltd.

List of Figures
FIG 1 Methodology for the Reseaarch
FIG 2 LAMEA Soy Sauce Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Soy Sauce Market
FIG 4 Porter’s Five Forces Analysis - Soy Sauce Market
FIG 5 LAMEA Soy Sauce Market share by Type, 2022
FIG 6 LAMEA Soy Sauce Market share by Type, 2030
FIG 7 LAMEA Soy Sauce Market by Type, 2019 - 2030, USD Million
FIG 8 LAMEA Soy Sauce Market share by Application, 2022
FIG 9 LAMEA Soy Sauce Market share by Application, 2030
FIG 10 LAMEA Soy Sauce Market by Application, 2019 - 2030, USD Million
FIG 11 LAMEA Soy Sauce Market share by Country, 2022
FIG 12 LAMEA Soy Sauce Market share by Country, 2030
FIG 13 LAMEA Soy Sauce Market by Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: Bourbon Barrel Foods LLC
FIG 15 SWOT Analysis: Lee Kum Kee Company Limited
FIG 16 SWOT Analysis: Otafuku Sauce Co., Ltd.
FIG 17 SWOT Analysis: Yamasa Corporation
FIG 18 SWOT Analysis: Aloha Shoyu Company
FIG 19 SWOT Analysis: Nestle S.A.
FIG 20 SWOT Analysis: Masan Group Corporation
FIG 21 SWOT Analysis: Kikkoman Corporation
FIG 22 SWOT Analysis: Kikkoman Corporation

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