According to a new report, published by KBV research, The Global Soy Sauce Market size is expected to reach $73.2 billion by 2030, rising at a market growth of 6.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 7,713.8 kilo tonnes, experiencing a growth of 6.0% (2019-2022).
The integration of functional ingredients into soy sauce formulations is gaining momentum. Manufacturers are exploring adding ingredients with potential health benefits, such as probiotics or antioxidants, creating soy 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.
Some manufacturers are exploring the introduction of probiotics into soy sauce formulations. The fermentation process, intrinsic to soy sauce production, creates an environment conducive to the growth of beneficial bacteria. By deliberately introducing probiotic strains, manufacturers can potentially enhance the gut-friendly properties of soy sauce.
The Blended segment is leading the Global Soy Sauce Market by Type in 2022; thereby, achieving a market value of $43.8 billion by 2030. Consumers increasingly value authentic and traditional food production methods. Soy sauces produced through traditional brewing methods are perceived as having a richer cultural heritage and a more nuanced flavor profile. There is a growing trend among consumers to seek high-quality and premium food products. With their time-consuming fermentation processes, traditionally brewed soy sauces are often positioned as premium offerings in the market. Hence, the segment will expand rapidly in the upcoming years.
The Household segment is registering a CAGR of 7.1% during (2023 - 2030). The trend towards home cooking has gained momentum, driven by factors such as a desire for healthier meals, cost consciousness, and the enjoyment of the cooking process. As more individuals explore diverse cuisines in their home kitchens, soy sauce has become a versatile and essential ingredient, contributing to the umami flavor in various dishes. Therefore, these aspects can help in the expansion of the segment.
Full Report: https://www.kbvresearch.com/soy-sauce-market/
The Asia Pacific region dominated the Global Soy Sauce Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $32.1 billion by 2030. The Europe region is poised to grow a CAGR of 5.9% during (2023 - 2030). Additionally, The North America market would witness a CAGR of 5.6% during (2023 - 2030).
By Type (Volume, kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, kilo Tonnes, USD Billion, 2019-2030)
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