Global Soy Sauce market is expected to reach 46548.09 million USD by the end of 2022
The global Soy Sauce market is valued at 20431.17 million USD in 2016 and is expected to reach 46548.09 million USD by the end of 2022, growing at a CAGR of 14.71
The global Soy Sauce market is valued at 20431.17 million USD in 2016 and is expected to reach 46548.09 million USD by the end of 2022, growing at a CAGR of 14.71
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<strong>Global</strong> <strong>Soy</strong> <strong>Sauce</strong> <strong>market</strong> <strong>is</strong><br />
<strong>expected</strong> <strong>to</strong> <strong>reach</strong> <strong>46548.09</strong><br />
<strong>million</strong> <strong>USD</strong> <strong>by</strong> <strong>the</strong> <strong>end</strong> <strong>of</strong> <strong>2022</strong><br />
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• <strong>Soy</strong> sauce, a kind <strong>of</strong> condiment used for cooking in East Asian<br />
cu<strong>is</strong>ines, <strong>is</strong> made from soybeans. The ingredients <strong>of</strong> soy sauce are<br />
quite complicated. In addition <strong>to</strong> salt, it also contains various<br />
kinds <strong>of</strong> amino acids, carbohydrate, organic acid, spices, etc. The<br />
flavor <strong>of</strong> soy sauce <strong>is</strong> mainly salty and it can also be umami and<br />
aromatic. <strong>Soy</strong> sauce can be classified <strong>by</strong> brewing technique, <strong>by</strong><br />
raw material, <strong>by</strong> function and <strong>by</strong> usage. <strong>Soy</strong> source can be<br />
classified in<strong>to</strong> <strong>the</strong> brewed and <strong>the</strong> formulated <strong>by</strong> raw material,<br />
while Brewed still holds <strong>the</strong> most <strong>market</strong> share and will keep<br />
taking more; <strong>Soy</strong> sauce can be produced <strong>by</strong> low-salt solid<br />
technique, leaching technique and high-salt liquid technique; while<br />
reduced-salt soy sauce <strong>is</strong> leading <strong>the</strong> <strong>market</strong> in recent years.<br />
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• Asia-Pacific regions are <strong>the</strong> main consumption areas <strong>of</strong> <strong>Soy</strong> <strong>Sauce</strong> in<br />
<strong>the</strong> world and it will keep <strong>the</strong> same position in <strong>the</strong> next few years.<br />
The <strong>market</strong> size <strong>of</strong> North America and Europe regions will grow fast<br />
in <strong>the</strong> following years.<br />
• In <strong>the</strong> past few years, in terms <strong>of</strong> output volume, Kikkoman, Bluegrass<br />
<strong>Soy</strong> <strong>Sauce</strong> (Bourbon Barrel), Okonomi, Maggi, Aloha Shoyu, ABC<br />
<strong>Sauce</strong>s, Yamasa, Lee Kum Kee, Shoda Shoyu, Haitian, Jiajia, Shinho,<br />
Meiweixian, Kum Thim Food Industries Sdn Bhd are <strong>the</strong> key suppliers<br />
in global <strong>market</strong>, with leading technology and <strong>market</strong> position.<br />
• The global <strong>Soy</strong> <strong>Sauce</strong> <strong>market</strong> <strong>is</strong> valued at 20431.17 <strong>million</strong> <strong>USD</strong> in<br />
2016 and <strong>is</strong> <strong>expected</strong> <strong>to</strong> <strong>reach</strong> <strong>46548.09</strong> <strong>million</strong> <strong>USD</strong> <strong>by</strong> <strong>the</strong> <strong>end</strong> <strong>of</strong><br />
<strong>2022</strong>, growing at a CAGR <strong>of</strong> 14.71% between 2016 and <strong>2022</strong>.<br />
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The Asia-Pacific will occupy for more <strong>market</strong> share in following<br />
years, especially in China, also fast growing India and Sou<strong>the</strong>ast<br />
Asia regions. North America, especially The United States, will<br />
still play an important role which cannot be ignored. Any<br />
changes from United States might affect <strong>the</strong> development<br />
tr<strong>end</strong> <strong>of</strong> <strong>Soy</strong> <strong>Sauce</strong>. Europe also play important roles in global<br />
<strong>market</strong>, with <strong>market</strong> size <strong>of</strong> 1327.16 <strong>million</strong> <strong>USD</strong> in 2016 and<br />
will be 2048.07 <strong>million</strong> <strong>USD</strong> in <strong>2022</strong>, with a CAGR <strong>of</strong> 7.50%.<br />
Click <strong>to</strong> view <strong>the</strong> full report:<br />
https://www.qyresearch.com/index/detail/128111/globalsoy-sauce-<strong>market</strong><br />
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