North America 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

Description

List of Tables

The North America Soy Sauce Market would witness market growth of 5.6% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 1,532.9 kilo tonnes, showcasing a growth of 5.6% (2019-2022).

In households, soy sauce is a kitchen staple renowned for its ability to add depth and complexity to a wide range of dishes. It serves as a versatile seasoning and condiment, enhancing the flavour of stir-fries, marinades, soups, noodles, rice dishes, and more. With its rich umami taste and salty-sweet undertones, sauce is prized for its ability to balance and harmonize flavours, making it a beloved ingredient in various cuisines. Therefore, US market consumed 274.0 kilo tonnes of Soy Sauce in household segment in 2022.

The US market dominated the North America Soy Sauce Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $12,797 million by 2030. The Canada market is experiencing a CAGR of 8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 7% during (2023 - 2030).

The rise of plant-based diets and alternative ingredients has influenced product innovation in the market. Manufacturers are exploring sauce formulations that cater to the growing demand for plant-based and vegan options. By adjusting the brewing process or substituting traditional wheat with gluten-free grains, manufacturers create sauces that offer the same depth of flavor without compromising on dietary requirements.

Moreover, manufacturers are developing sauce formulations with reduced sodium content in response to health-conscious consumers. This aligns with the broader trend of promoting healthier eating habits and appeals to individuals mindful of their salt intake. The demand for organic and non-genetically modified organisms (GMO) products is rising. Some sauce manufacturers focus on sourcing organic ingredients and ensuring non-GMO certifications to cater to consumers who prioritize such attributes in their food choices.

Canada's growing food and beverage sector presents a favorable environment for the increasing demand. The Canadian food scene is marked by culinary innovation and a willingness to experiment with flavors. As per the data from the Government of Canada, in 2022, the food and beverage processing industry were the largest manufacturing industry in Canada in terms of production value, with sales of goods manufactured worth $156.5 billion. In 2022, processed food and beverage product exports reached a noteworthy $54.3 billion in value, reflecting a 14.1% growth compared to 2021. Thus, the rising food and beverage sector and household cooking trends in North America will boost the demand for sauce in the region.

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 U.S., Mexico, Canada, and Rest of North America.

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.

North America 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)

US
Canada
Mexico
Rest of North America

Chapter 1.Market Scope & Methodology

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1North America Soy Sauce Market, by Type
- 1.4.2North America Soy Sauce Market, by Application
- 1.4.3North America Soy Sauce Market, by Country
1.5Methodology for the Reseaarch

Chapter 2.Market at a Glance

2.1Key Highlights

Chapter 3.Market Overview

3.1Introduction
- 3.1.1Overview
  - 3.1.1.1Market Composition and Scenario
3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
3.3Porter's Five Forces Analysis

Chapter 4.Strategies Deployed in Soy Sauce Market

Chapter 5.North America Soy Sauce Market by Type

5.1North America Blended Market by Region
5.2North America Brewed Market by Region

Chapter 6.North America Soy Sauce Market by Application

6.1North America Food Industry Market by Country
6.2North America Household Market by Country

Chapter 7.North America Soy Sauce Market by Country

7.1US Soy Sauce Market
- 7.1.1US Soy Sauce Market by Type
- 7.1.2US Soy Sauce Market by Application
7.2Canada Soy Sauce Market
- 7.2.1Canada Soy Sauce Market by Type
- 7.2.2Canada Soy Sauce Market by Application
7.3Mexico Soy Sauce Market
- 7.3.1Mexico Soy Sauce Market by Type
- 7.3.2Mexico Soy Sauce Market by Application
7.4Rest of North America Soy Sauce Market
- 7.4.1Rest of North America Soy Sauce Market by Type
- 7.4.2Rest of North America Soy Sauce Market by Application

Chapter 8.Company Profiles

8.1Bourbon Barrel Foods LLC
- 8.1.1Company Overview
- 8.1.2SWOT Analysis
8.2Lee Kum Kee Company Limited
- 8.2.1Company Overview
- 8.2.2Recent strategies and developments:
  - 8.2.2.1Product Launches and Product Expansions:
  - 8.2.2.2Geographical Expansions:
- 8.2.3SWOT Analysis
8.3Otafuku Sauce Co., Ltd.
- 8.3.1Company Overview
- 8.3.2Recent strategies and developments:
  - 8.3.2.1Product Launches and Product Expansions:
- 8.3.3SWOT Analysis
8.4Yamasa Corporation
- 8.4.1Company Overview
- 8.4.2SWOT Analysis
8.5Aloha Shoyu Company
- 8.5.1Company Overview
- 8.5.2SWOT Analysis
8.6Guangdong Meiweixian Flavoring Foods Co., Ltd.
- 8.6.1Company Overview
8.7Nestle S.A.
- 8.7.1Company Overview
- 8.7.2Financial Analysis
- 8.7.3Segmental and Regional Analysis
- 8.7.4Reseaarch & Development Expenses
- 8.7.5SWOT Analysis
8.8Masan Group Corporation
- 8.8.1Company Overview
- 8.8.2Financial Analysis
- 8.8.3Segmental and Regional Analysis
- 8.8.4SWOT Analysis
8.9Kikkoman Corporation
- 8.9.1Company Overview
- 8.9.1Financial Analysis
- 8.9.2Segmental and Regional Analysis
- 8.9.3Reseaarch & Development Expense
- 8.9.4Recent strategies and developments:
  - 8.9.4.1Product Launches and Product Expansions:
  - 8.9.4.2Geographical Expansions:
- 8.9.5SWOT Analysis
8.10.Foshan Haitian Flavoring & Food Co., Ltd.
- 8.10.1Company overview
- 8.10.2Financial Analysis
- 8.10.3SWOT Analysis

LIST OF TABLES

TABLE 1North America Soy Sauce Market, 2019 - 2022, USD Million
TABLE 2North America Soy Sauce Market, 2023 - 2030, USD Million
TABLE 3North America Soy Sauce Market, 2019 - 2022, Kilo Tonnes
TABLE 4North America Soy Sauce Market, 2023 - 2030, Kilo Tonnes
TABLE 5North America Soy Sauce Market by Type, 2019 - 2022, USD Million
TABLE 6North America Soy Sauce Market by Type, 2023 - 2030, USD Million
TABLE 7North America Soy Sauce Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 8North America Soy Sauce Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 9North America Blended Market by Region, 2019 - 2022, USD Million
TABLE 10North America Blended Market by Region, 2023 - 2030, USD Million
TABLE 11North America Blended Market by Region, 2019 - 2022, Kilo Tonnes
TABLE 12North America Blended Market by Region, 2023 - 2030, Kilo Tonnes
TABLE 13North America Brewed Market by Region, 2019 - 2022, USD Million
TABLE 14North America Brewed Market by Region, 2023 - 2030, USD Million
TABLE 15North America Brewed Market by Region, 2019 - 2022, Kilo Tonnes
TABLE 16North America Brewed Market by Region, 2023 - 2030, Kilo Tonnes
TABLE 17North America Soy Sauce Market by Application, 2019 - 2022, USD Million
TABLE 18North America Soy Sauce Market by Application, 2023 - 2030, USD Million
TABLE 19North America Soy Sauce Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 20North America Soy Sauce Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 21North America Food Industry Market by Country, 2019 - 2022, USD Million
TABLE 22North America Food Industry Market by Country, 2023 - 2030, USD Million
TABLE 23North America Food Industry Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24North America Food Industry Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25North America Household Market by Country, 2019 - 2022, USD Million
TABLE 26North America Household Market by Country, 2023 - 2030, USD Million
TABLE 27North America Household Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28North America Household Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29North America Soy Sauce Market by Country, 2019 - 2022, USD Million
TABLE 30North America Soy Sauce Market by Country, 2023 - 2030, USD Million
TABLE 31North America Soy Sauce Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32North America Soy Sauce Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33US Soy Sauce Market, 2019 - 2022, USD Million
TABLE 34US Soy Sauce Market, 2023 - 2030, USD Million
TABLE 35US Soy Sauce Market, 2019 - 2022, Kilo Tonnes
TABLE 36US Soy Sauce Market, 2023 - 2030, Kilo Tonnes
TABLE 37US Soy Sauce Market by Type, 2019 - 2022, USD Million
TABLE 38US Soy Sauce Market by Type, 2023 - 2030, USD Million
TABLE 39US Soy Sauce Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 40US Soy Sauce Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 41US Soy Sauce Market by Application, 2019 - 2022, USD Million
TABLE 42US Soy Sauce Market by Application, 2023 - 2030, USD Million
TABLE 43US Soy Sauce Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 44US Soy Sauce Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 45Canada Soy Sauce Market, 2019 - 2022, USD Million
TABLE 46Canada Soy Sauce Market, 2023 - 2030, USD Million
TABLE 47Canada Soy Sauce Market, 2019 - 2022, Kilo Tonnes
TABLE 48Canada Soy Sauce Market, 2023 - 2030, Kilo Tonnes
TABLE 49Canada Soy Sauce Market by Type, 2019 - 2022, USD Million
TABLE 50Canada Soy Sauce Market by Type, 2023 - 2030, USD Million
TABLE 51Canada Soy Sauce Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 52Canada Soy Sauce Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 53Canada Soy Sauce Market by Application, 2019 - 2022, USD Million
TABLE 54Canada Soy Sauce Market by Application, 2023 - 2030, USD Million
TABLE 55Canada Soy Sauce Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 56Canada Soy Sauce Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 57Mexico Soy Sauce Market, 2019 - 2022, USD Million
TABLE 58Mexico Soy Sauce Market, 2023 - 2030, USD Million
TABLE 59Mexico Soy Sauce Market, 2019 - 2022, Kilo Tonnes
TABLE 60Mexico Soy Sauce Market, 2023 - 2030, Kilo Tonnes
TABLE 61Mexico Soy Sauce Market by Type, 2019 - 2022, USD Million
TABLE 62Mexico Soy Sauce Market by Type, 2023 - 2030, USD Million
TABLE 63Mexico Soy Sauce Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 64Mexico Soy Sauce Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 65Mexico Soy Sauce Market by Application, 2019 - 2022, USD Million
TABLE 66Mexico Soy Sauce Market by Application, 2023 - 2030, USD Million
TABLE 67Mexico Soy Sauce Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 68Mexico Soy Sauce Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 69Rest of North America Soy Sauce Market, 2019 - 2022, USD Million
TABLE 70Rest of North America Soy Sauce Market, 2023 - 2030, USD Million
TABLE 71Rest of North America Soy Sauce Market, 2019 - 2022, Kilo Tonnes
TABLE 72Rest of North America Soy Sauce Market, 2023 - 2030, Kilo Tonnes
TABLE 73Rest of North America Soy Sauce Market by Type, 2019 - 2022, USD Million
TABLE 74Rest of North America Soy Sauce Market by Type, 2023 - 2030, USD Million
TABLE 75Rest of North America Soy Sauce Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 76Rest of North America Soy Sauce Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 77Rest of North America Soy Sauce Market by Application, 2019 - 2022, USD Million
TABLE 78Rest of North America Soy Sauce Market by Application, 2023 - 2030, USD Million
TABLE 79Rest of North America Soy Sauce Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 80Rest of North America Soy Sauce Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 81Key Information - Bourbon Barrel Foods LLC
TABLE 82Key Information - Lee Kum Kee Company Limited
TABLE 83Key Information - Otafuku Sauce Co., Ltd.
TABLE 84Key Information - Yamasa Corporation
TABLE 85Key Information - Aloha Shoyu Company
TABLE 86Key Information - Guangdong Meiweixian Flavoring Foods Co., Ltd.
TABLE 87Key Information - Nestle S.A.
TABLE 88Key Information - Masan Group Corporation
TABLE 89Key Information - Kikkoman Corporation
TABLE 90Key Information - Foshan Haitian Flavoring & Food Co., Ltd.

North America 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