North America Soy Sauce Market (2019-2025)
The North America Soy Sauce Market would witness market growth of 4.65% CAGR during the forecast period (2019-2025). Saltiness predominates in the taste of soy sauce, followed by moderate umami, sweet taste, and finally slight bitterness, which is difficult to perceive due to the masking effect of other tastes. Soy sauce's overall flavor is a function of the balance and interaction between different components of the taste. The presence of NaCl (common salt) in brine is the major reason that leads to the saltiness in the sauce. The starch-hydrolyzed sugars add sweetness to the soy sauce.
Given a wide range of volatile and odorous compounds that have been identified in soy sauce, there is no strong aroma in the food product per se. Chinese soy sauces contain alcohols, esters, acids, aldehydes, phenols, ketones, heterocyclic compounds, alkynes, and benzenes. An explanation for this observation is that the soy sauce aroma is not largely dependent on the aroma-active compounds. The mild aroma is the result of a "critical balance" attained among all volatile and odorous compounds with relatively low concentrations.
A rapid increase in health concerns is one of the main factors that consumers shift to products such as high-quality soy sauces, as they contain less salt and sugar and other variants like gluten-free soy sauce. Because of the health and wellness trend, soy sauce manufacturers are introducing new sauce range to meet consumer demand on the market. The growing numbers of fast-food chains and the increasing workforce have a positive impact on the soy sauce industry. Increasing demand for fast food and snacks has boosted soy sauce, dressings, and condiments consumption.
Private label products are priced less than mainstream brands, making private-label goods a common choice among budget-conscious consumers. Private label players' market share is growing across all packaged food segments. Product innovations and constant product launches are helping to expand private label products in the global market for soy sauces. The major retailers and supermarket chains like Tesco, Walmart, Aldi, and others offer soy sauce products from private labels. The supermarket chains also allocate more storage space for their private label offerings and are also conducting in-store promotions and campaigns to raise their private label offerings' popularity. Therefore, in the forecast period, the rising private label brands across the market would help to grow the industry.
Based on Type, the market is segmented into Brewed and Blended. Based on Application, the market is segmented into Food Industry and Household. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Foshan Haitian Flavoring & Food Co., Ltd. (Guangdong Haitian Group Co., Ltd.), Kikkoman Corporation, Masan Group Corporation, Bourbon Barrel Foods LLC, Lee Kum Kee Company Limited, Otafuku Sauce Co., Ltd., Nestle S.A. (Maggi), Yamasa Corporation, Aloha Shoyu Company, and Guangdong Meiweixian Flavoring Foods Co., Ltd.
Scope of the Study
Market Segmentation:
By Type
Given a wide range of volatile and odorous compounds that have been identified in soy sauce, there is no strong aroma in the food product per se. Chinese soy sauces contain alcohols, esters, acids, aldehydes, phenols, ketones, heterocyclic compounds, alkynes, and benzenes. An explanation for this observation is that the soy sauce aroma is not largely dependent on the aroma-active compounds. The mild aroma is the result of a "critical balance" attained among all volatile and odorous compounds with relatively low concentrations.
A rapid increase in health concerns is one of the main factors that consumers shift to products such as high-quality soy sauces, as they contain less salt and sugar and other variants like gluten-free soy sauce. Because of the health and wellness trend, soy sauce manufacturers are introducing new sauce range to meet consumer demand on the market. The growing numbers of fast-food chains and the increasing workforce have a positive impact on the soy sauce industry. Increasing demand for fast food and snacks has boosted soy sauce, dressings, and condiments consumption.
Private label products are priced less than mainstream brands, making private-label goods a common choice among budget-conscious consumers. Private label players' market share is growing across all packaged food segments. Product innovations and constant product launches are helping to expand private label products in the global market for soy sauces. The major retailers and supermarket chains like Tesco, Walmart, Aldi, and others offer soy sauce products from private labels. The supermarket chains also allocate more storage space for their private label offerings and are also conducting in-store promotions and campaigns to raise their private label offerings' popularity. Therefore, in the forecast period, the rising private label brands across the market would help to grow the industry.
Based on Type, the market is segmented into Brewed and Blended. Based on Application, the market is segmented into Food Industry and Household. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Foshan Haitian Flavoring & Food Co., Ltd. (Guangdong Haitian Group Co., Ltd.), Kikkoman Corporation, Masan Group Corporation, Bourbon Barrel Foods LLC, Lee Kum Kee Company Limited, Otafuku Sauce Co., Ltd., Nestle S.A. (Maggi), Yamasa Corporation, Aloha Shoyu Company, and Guangdong Meiweixian Flavoring Foods Co., Ltd.
Scope of the Study
Market Segmentation:
By Type
- Brewed
- Blended
- Food Industry
- Household
- US
- Canada
- Mexico
- Rest of North America
- Foshan Haitian Flavoring & Food Co., Ltd. (Guangdong Haitian Group Co., Ltd.)
- Kikkoman Corporation
- Masan Group Corporation
- Bourbon Barrel Foods LLC
- Lee Kum Kee Company Limited
- Otafuku Sauce Co., Ltd.
- Nestle S.A. (Maggi)
- Yamasa Corporation
- Aloha Shoyu Company
- Guangdong Meiweixian Flavoring Foods Co., Ltd.
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CHAPTER 1. MARKET SCOPE & METHODOLOGY
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Soy Sauce Market, by Type
1.4.2 North America Soy Sauce Market, by Application
1.4.3 North America Soy Sauce Market, by Country
1.5 Methodology for the research
CHAPTER 2. MARKET OVERVIEW
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
CHAPTER 3. NORTH AMERICA SOY SAUCE MARKET BY TYPE
3.1 North America Brewed Market by Country
3.2 North America Blended Market by Country
CHAPTER 4. NORTH AMERICA SOY SAUCE MARKET BY APPLICATION
4.1 North America Food Industry Market by Country
4.2 North America Household Market by Country
CHAPTER 5. NORTH AMERICA SOY SAUCE MARKET BY COUNTRY
5.1 USA Soy Sauce Market
5.1.1 USA Soy Sauce Market by Type
5.2 USA Soy Sauce Market by Application
5.3 Canada Soy Sauce Market
5.3.1 Canada Soy Sauce Market by Type
5.3.2 Canada Soy Sauce Market by Application
5.4 Mexico Soy Sauce Market
5.4.1 Mexico Soy Sauce Market by Type
5.4.2 Mexico Soy Sauce Market by Application
5.5 Rest of North America Soy Sauce Market
5.5.1 Rest of North America Soy Sauce Market by Type
5.5.2 Rest of North America Soy Sauce Market by Application
CHAPTER 6. COMPANY PROFILES
6.1 Foshan Haitian Flavoring & Food Co., Ltd. (Guangdong Haitian Group Co., Ltd.)
6.1.1 Company overview
6.1.1 Financial Analysis
6.2 Kikkoman Corporation
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Recent strategies and developments:
6.2.4.1 Partnerships, Collaborations, and Agreements:
6.3 Masan Group Corporation
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expense
6.4 Bourbon Barrel Foods LLC
6.4.1 Company Overview
6.5 Lee Kum Kee Company Limited
6.5.1 Company Overview
6.5.2 Recent strategies and developments:
6.5.2.1 Product Launches:
6.6 Otafuku Sauce Co., Ltd.
6.6.1 Company Overview
6.7 Nestle S.A. (Maggi)
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Segmental and Regional Analysis
6.7.4 Research& Development Expense
6.8 Yamasa Corporation
6.8.1 Company Overview
6.9 Aloha Shoyu Company
6.9.1 Company Overview
6.1 Guangdong Meiweixian Flavoring Foods Co., Ltd.
6.10.1 Company Overview
6.5.1 Company Overview
6.5.2 Recent strategies and developments:
6.5.2.1 Collaborations, Partnerships, and Agreements:
6.6 Everlight Radiology LLP (Intermediate Capital Group)
6.6.1 Company Overview
6.7 Teleradiology Solutions, Inc.
6.7.1 Company Overview
6.7.2 Recent strategies and developments:
6.7.2.1 Collaborations, Partnerships, and Agreements:
6.8 4ways Healthcare Ltd. (ECI Partners)
6.8.1 Company Overview
6.9 RamSoft, Inc.
6.9.1 Company Overview
6.9.2 Recent strategies and developments:
6.9.2.1 Product Launches:
6.1 USARAD Holdings, Inc.
6.10.1 Company Overview
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Soy Sauce Market, by Type
1.4.2 North America Soy Sauce Market, by Application
1.4.3 North America Soy Sauce Market, by Country
1.5 Methodology for the research
CHAPTER 2. MARKET OVERVIEW
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
CHAPTER 3. NORTH AMERICA SOY SAUCE MARKET BY TYPE
3.1 North America Brewed Market by Country
3.2 North America Blended Market by Country
CHAPTER 4. NORTH AMERICA SOY SAUCE MARKET BY APPLICATION
4.1 North America Food Industry Market by Country
4.2 North America Household Market by Country
CHAPTER 5. NORTH AMERICA SOY SAUCE MARKET BY COUNTRY
5.1 USA Soy Sauce Market
5.1.1 USA Soy Sauce Market by Type
5.2 USA Soy Sauce Market by Application
5.3 Canada Soy Sauce Market
5.3.1 Canada Soy Sauce Market by Type
5.3.2 Canada Soy Sauce Market by Application
5.4 Mexico Soy Sauce Market
5.4.1 Mexico Soy Sauce Market by Type
5.4.2 Mexico Soy Sauce Market by Application
5.5 Rest of North America Soy Sauce Market
5.5.1 Rest of North America Soy Sauce Market by Type
5.5.2 Rest of North America Soy Sauce Market by Application
CHAPTER 6. COMPANY PROFILES
6.1 Foshan Haitian Flavoring & Food Co., Ltd. (Guangdong Haitian Group Co., Ltd.)
6.1.1 Company overview
6.1.1 Financial Analysis
6.2 Kikkoman Corporation
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Recent strategies and developments:
6.2.4.1 Partnerships, Collaborations, and Agreements:
6.3 Masan Group Corporation
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expense
6.4 Bourbon Barrel Foods LLC
6.4.1 Company Overview
6.5 Lee Kum Kee Company Limited
6.5.1 Company Overview
6.5.2 Recent strategies and developments:
6.5.2.1 Product Launches:
6.6 Otafuku Sauce Co., Ltd.
6.6.1 Company Overview
6.7 Nestle S.A. (Maggi)
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Segmental and Regional Analysis
6.7.4 Research& Development Expense
6.8 Yamasa Corporation
6.8.1 Company Overview
6.9 Aloha Shoyu Company
6.9.1 Company Overview
6.1 Guangdong Meiweixian Flavoring Foods Co., Ltd.
6.10.1 Company Overview
6.5.1 Company Overview
6.5.2 Recent strategies and developments:
6.5.2.1 Collaborations, Partnerships, and Agreements:
6.6 Everlight Radiology LLP (Intermediate Capital Group)
6.6.1 Company Overview
6.7 Teleradiology Solutions, Inc.
6.7.1 Company Overview
6.7.2 Recent strategies and developments:
6.7.2.1 Collaborations, Partnerships, and Agreements:
6.8 4ways Healthcare Ltd. (ECI Partners)
6.8.1 Company Overview
6.9 RamSoft, Inc.
6.9.1 Company Overview
6.9.2 Recent strategies and developments:
6.9.2.1 Product Launches:
6.1 USARAD Holdings, Inc.
6.10.1 Company Overview
LIST OF TABLES
TABLE 1 NORTH AMERICA SOY SAUCE MARKET, 2015 - 2018, USD MILLION
TABLE 2 NORTH AMERICA SOY SAUCE MARKET, 2019 - 2025, USD MILLION
TABLE 3 NORTH AMERICA SOY SAUCE MARKET BY TYPE, 2015 - 2018, USD MILLION
TABLE 4 NORTH AMERICA SOY SAUCE MARKET BY TYPE, 2019 - 2025, USD MILLION
TABLE 5 NORTH AMERICA BREWED MARKET BY COUNTRY, 2015 - 2018, USD MILLION
TABLE 6 NORTH AMERICA BREWED MARKET BY COUNTRY, 2019 - 2025, USD MILLION
TABLE 7 NORTH AMERICA BLENDED MARKET BY COUNTRY, 2015 - 2018, USD MILLION
TABLE 8 NORTH AMERICA BLENDED MARKET BY COUNTRY, 2019 - 2025, USD MILLION
TABLE 9 NORTH AMERICA SOY SAUCE MARKET BY APPLICATION, 2015 - 2018, USD MILLION
TABLE 10 NORTH AMERICA SOY SAUCE MARKET BY APPLICATION, 2019 - 2025, USD MILLION
TABLE 11 NORTH AMERICA FOOD INDUSTRY MARKET BY COUNTRY, 2015 - 2018, USD MILLION
TABLE 12 NORTH AMERICA FOOD INDUSTRY MARKET BY COUNTRY, 2019 - 2025, USD MILLION
TABLE 13 NORTH AMERICA HOUSEHOLD MARKET BY COUNTRY, 2015 - 2018, USD MILLION
TABLE 14 NORTH AMERICA HOUSEHOLD MARKET BY COUNTRY, 2019 - 2025, USD MILLION
TABLE 15 NORTH AMERICA SOY SAUCE MARKET BY COUNTRY, 2015 - 2018, USD MILLION
TABLE 16 NORTH AMERICA SOY SAUCE MARKET BY COUNTRY, 2019 - 2025, USD MILLION
TABLE 17 USA SOY SAUCE MARKET, 2015 - 2018, USD MILLION
TABLE 18 USA SOY SAUCE MARKET, 2019 - 2025, USD MILLION
TABLE 19 USA SOY SAUCE MARKET BY TYPE, 2015 - 2018, USD MILLION
TABLE 20 USA SOY SAUCE MARKET BY TYPE, 2019 - 2025, USD MILLION
TABLE 21 USA SOY SAUCE MARKET BY APPLICATION, 2015 - 2018, USD MILLION
TABLE 22 USA SOY SAUCE MARKET BY APPLICATION, 2019 - 2025, USD MILLION
TABLE 23 CANADA SOY SAUCE MARKET, 2015 - 2018, USD MILLION
TABLE 24 CANADA SOY SAUCE MARKET, 2019 - 2025, USD MILLION
TABLE 25 CANADA SOY SAUCE MARKET BY TYPE, 2015 - 2018, USD MILLION
TABLE 26 CANADA SOY SAUCE MARKET BY TYPE, 2019 - 2025, USD MILLION
TABLE 27 CANADA SOY SAUCE MARKET BY APPLICATION, 2015 - 2018, USD MILLION
TABLE 28 MEXICO SOY SAUCE MARKET, 2015 - 2018, USD MILLION
TABLE 29 MEXICO SOY SAUCE MARKET, 2019 - 2025, USD MILLION
TABLE 30 MEXICO SOY SAUCE MARKET BY TYPE, 2015 - 2018, USD MILLION
TABLE 31 MEXICO SOY SAUCE MARKET BY TYPE, 2019 - 2025, USD MILLION
TABLE 32 MEXICO SOY SAUCE MARKET BY APPLICATION, 2015 - 2018, USD MILLION
TABLE 33 MEXICO SOY SAUCE MARKET BY APPLICATION, 2019 - 2025, USD MILLION
TABLE 34 REST OF NORTH AMERICA SOY SAUCE MARKET, 2015 - 2018, USD MILLION
TABLE 35 REST OF NORTH AMERICA SOY SAUCE MARKET, 2019 - 2025, USD MILLION
TABLE 36 REST OF NORTH AMERICA SOY SAUCE MARKET BY TYPE, 2015 - 2018, USD MILLION
TABLE 37 REST OF NORTH AMERICA SOY SAUCE MARKET BY TYPE, 2019 - 2025, USD MILLION
TABLE 38 REST OF NORTH AMERICA SOY SAUCE MARKET BY APPLICATION, 2015 - 2018, USD MILLION
TABLE 39 REST OF NORTH AMERICA SOY SAUCE MARKET BY APPLICATION, 2019 - 2025, USD MILLION
TABLE 40 KEY INFORMATION – FOSHAN HAITIAN FLAVORING & FOOD CO., LTD.
TABLE 41 KEY INFORMATION – KIKKOMAN CORPORATION
TABLE 42 KEY INFORMATION – MASAN GROUP CORPORATION
TABLE 43 KEY INFORMATION – BOURBON BARREL FOODS LLC
TABLE 44 KEY INFORMATION – LEE KUM KEE COMPANY LIMITED
TABLE 45 KEY INFORMATION – OTAFUKU SAUCE CO., LTD.
TABLE 46 KEY INFORMATION – NESTLE S.A.
TABLE 47 KEY INFORMATION – YAMASA CORPORATION
TABLE 48 KEY INFORMATION – ALOHA SHOYU COMPANY
TABLE 49 KEY INFORMATION – GUANGDONG MEIWEIXIAN FLAVORING FOODS CO., LTD.
TABLE 1 NORTH AMERICA SOY SAUCE MARKET, 2015 - 2018, USD MILLION
TABLE 2 NORTH AMERICA SOY SAUCE MARKET, 2019 - 2025, USD MILLION
TABLE 3 NORTH AMERICA SOY SAUCE MARKET BY TYPE, 2015 - 2018, USD MILLION
TABLE 4 NORTH AMERICA SOY SAUCE MARKET BY TYPE, 2019 - 2025, USD MILLION
TABLE 5 NORTH AMERICA BREWED MARKET BY COUNTRY, 2015 - 2018, USD MILLION
TABLE 6 NORTH AMERICA BREWED MARKET BY COUNTRY, 2019 - 2025, USD MILLION
TABLE 7 NORTH AMERICA BLENDED MARKET BY COUNTRY, 2015 - 2018, USD MILLION
TABLE 8 NORTH AMERICA BLENDED MARKET BY COUNTRY, 2019 - 2025, USD MILLION
TABLE 9 NORTH AMERICA SOY SAUCE MARKET BY APPLICATION, 2015 - 2018, USD MILLION
TABLE 10 NORTH AMERICA SOY SAUCE MARKET BY APPLICATION, 2019 - 2025, USD MILLION
TABLE 11 NORTH AMERICA FOOD INDUSTRY MARKET BY COUNTRY, 2015 - 2018, USD MILLION
TABLE 12 NORTH AMERICA FOOD INDUSTRY MARKET BY COUNTRY, 2019 - 2025, USD MILLION
TABLE 13 NORTH AMERICA HOUSEHOLD MARKET BY COUNTRY, 2015 - 2018, USD MILLION
TABLE 14 NORTH AMERICA HOUSEHOLD MARKET BY COUNTRY, 2019 - 2025, USD MILLION
TABLE 15 NORTH AMERICA SOY SAUCE MARKET BY COUNTRY, 2015 - 2018, USD MILLION
TABLE 16 NORTH AMERICA SOY SAUCE MARKET BY COUNTRY, 2019 - 2025, USD MILLION
TABLE 17 USA SOY SAUCE MARKET, 2015 - 2018, USD MILLION
TABLE 18 USA SOY SAUCE MARKET, 2019 - 2025, USD MILLION
TABLE 19 USA SOY SAUCE MARKET BY TYPE, 2015 - 2018, USD MILLION
TABLE 20 USA SOY SAUCE MARKET BY TYPE, 2019 - 2025, USD MILLION
TABLE 21 USA SOY SAUCE MARKET BY APPLICATION, 2015 - 2018, USD MILLION
TABLE 22 USA SOY SAUCE MARKET BY APPLICATION, 2019 - 2025, USD MILLION
TABLE 23 CANADA SOY SAUCE MARKET, 2015 - 2018, USD MILLION
TABLE 24 CANADA SOY SAUCE MARKET, 2019 - 2025, USD MILLION
TABLE 25 CANADA SOY SAUCE MARKET BY TYPE, 2015 - 2018, USD MILLION
TABLE 26 CANADA SOY SAUCE MARKET BY TYPE, 2019 - 2025, USD MILLION
TABLE 27 CANADA SOY SAUCE MARKET BY APPLICATION, 2015 - 2018, USD MILLION
TABLE 28 MEXICO SOY SAUCE MARKET, 2015 - 2018, USD MILLION
TABLE 29 MEXICO SOY SAUCE MARKET, 2019 - 2025, USD MILLION
TABLE 30 MEXICO SOY SAUCE MARKET BY TYPE, 2015 - 2018, USD MILLION
TABLE 31 MEXICO SOY SAUCE MARKET BY TYPE, 2019 - 2025, USD MILLION
TABLE 32 MEXICO SOY SAUCE MARKET BY APPLICATION, 2015 - 2018, USD MILLION
TABLE 33 MEXICO SOY SAUCE MARKET BY APPLICATION, 2019 - 2025, USD MILLION
TABLE 34 REST OF NORTH AMERICA SOY SAUCE MARKET, 2015 - 2018, USD MILLION
TABLE 35 REST OF NORTH AMERICA SOY SAUCE MARKET, 2019 - 2025, USD MILLION
TABLE 36 REST OF NORTH AMERICA SOY SAUCE MARKET BY TYPE, 2015 - 2018, USD MILLION
TABLE 37 REST OF NORTH AMERICA SOY SAUCE MARKET BY TYPE, 2019 - 2025, USD MILLION
TABLE 38 REST OF NORTH AMERICA SOY SAUCE MARKET BY APPLICATION, 2015 - 2018, USD MILLION
TABLE 39 REST OF NORTH AMERICA SOY SAUCE MARKET BY APPLICATION, 2019 - 2025, USD MILLION
TABLE 40 KEY INFORMATION – FOSHAN HAITIAN FLAVORING & FOOD CO., LTD.
TABLE 41 KEY INFORMATION – KIKKOMAN CORPORATION
TABLE 42 KEY INFORMATION – MASAN GROUP CORPORATION
TABLE 43 KEY INFORMATION – BOURBON BARREL FOODS LLC
TABLE 44 KEY INFORMATION – LEE KUM KEE COMPANY LIMITED
TABLE 45 KEY INFORMATION – OTAFUKU SAUCE CO., LTD.
TABLE 46 KEY INFORMATION – NESTLE S.A.
TABLE 47 KEY INFORMATION – YAMASA CORPORATION
TABLE 48 KEY INFORMATION – ALOHA SHOYU COMPANY
TABLE 49 KEY INFORMATION – GUANGDONG MEIWEIXIAN FLAVORING FOODS CO., LTD.
LIST OF FIGURES
FIG 1 METHODOLOGY FOR THE RESEARCH
FIG 1 METHODOLOGY FOR THE RESEARCH
