PUBLISHER: KBV Research | PRODUCT CODE: 1462110
PUBLISHER: KBV Research | PRODUCT CODE: 1462110
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
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.
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.
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
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1LAMEA Soy Sauce Market, by Type
- 1.4.2LAMEA Soy Sauce Market, by Application
- 1.4.3LAMEA 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
- 3.1.1Overview
- 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.LAMEA Soy Sauce Market by Type
- 5.1LAMEA Blended Market by Country
- 5.2LAMEA Brewed Market by Country
Chapter 6.LAMEA Soy Sauce Market by Application
- 6.1LAMEA Food Industry Market by Country
- 6.2LAMEA Household Market by Country
Chapter 7.LAMEA Soy Sauce Market by Country
- 7.1Brazil Soy Sauce Market
- 7.1.1Brazil Soy Sauce Market by Type
- 7.1.2Brazil Soy Sauce Market by Application
- 7.2Argentina Soy Sauce Market
- 7.2.1Argentina Soy Sauce Market by Type
- 7.2.2Argentina Soy Sauce Market by Application
- 7.3UAE Soy Sauce Market
- 7.3.1UAE Soy Sauce Market by Type
- 7.3.2UAE Soy Sauce Market by Application
- 7.4Saudi Arabia Soy Sauce Market
- 7.4.1Saudi Arabia Soy Sauce Market by Type
- 7.4.2Saudi Arabia Soy Sauce Market by Application
- 7.5South Africa Soy Sauce Market
- 7.5.1South Africa Soy Sauce Market by Type
- 7.5.2South Africa Soy Sauce Market by Application
- 7.6Nigeria Soy Sauce Market
- 7.6.1Nigeria Soy Sauce Market by Type
- 7.6.2Nigeria Soy Sauce Market by Application
- 7.7Rest of LAMEA Soy Sauce Market
- 7.7.1Rest of LAMEA Soy Sauce Market by Type
- 7.7.2Rest of LAMEA 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 1LAMEA Soy Sauce Market, 2019 - 2022, USD Million
- TABLE 2LAMEA Soy Sauce Market, 2023 - 2030, USD Million
- TABLE 3LAMEA Soy Sauce Market, 2019 - 2022, Kilo Tonnes
- TABLE 4LAMEA Soy Sauce Market, 2023 - 2030, Kilo Tonnes
- TABLE 5LAMEA Soy Sauce Market by Type, 2019 - 2022, USD Million
- TABLE 6LAMEA Soy Sauce Market by Type, 2023 - 2030, USD Million
- TABLE 7LAMEA Soy Sauce Market by Type, 2019 - 2022, Kilo Tonnes
- TABLE 8LAMEA Soy Sauce Market by Type, 2023 - 2030, Kilo Tonnes
- TABLE 9LAMEA Blended Market by Country, 2019 - 2022, USD Million
- TABLE 10LAMEA Blended Market by Country, 2023 - 2030, USD Million
- TABLE 11LAMEA Blended Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 12LAMEA Blended Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 13LAMEA Brewed Market by Country, 2019 - 2022, USD Million
- TABLE 14LAMEA Brewed Market by Country, 2023 - 2030, USD Million
- TABLE 15LAMEA Brewed Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 16LAMEA Brewed Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 17LAMEA Soy Sauce Market by Application, 2019 - 2022, USD Million
- TABLE 18LAMEA Soy Sauce Market by Application, 2023 - 2030, USD Million
- TABLE 19LAMEA Soy Sauce Market by Application, 2019 - 2022, Kilo Tonnes
- TABLE 20LAMEA Soy Sauce Market by Application, 2023 - 2030, Kilo Tonnes
- TABLE 21LAMEA Food Industry Market by Country, 2019 - 2022, USD Million
- TABLE 22LAMEA Food Industry Market by Country, 2023 - 2030, USD Million
- TABLE 23LAMEA Food Industry Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 24LAMEA Food Industry Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 25LAMEA Household Market by Country, 2019 - 2022, USD Million
- TABLE 26LAMEA Household Market by Country, 2023 - 2030, USD Million
- TABLE 27LAMEA Household Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 28LAMEA Household Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 29LAMEA Soy Sauce Market by Country, 2019 - 2022, USD Million
- TABLE 30LAMEA Soy Sauce Market by Country, 2023 - 2030, USD Million
- TABLE 31LAMEA Soy Sauce Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 32LAMEA Soy Sauce Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 33Brazil Soy Sauce Market, 2019 - 2022, USD Million
- TABLE 34Brazil Soy Sauce Market, 2023 - 2030, USD Million
- TABLE 35Brazil Soy Sauce Market, 2019 - 2022, Kilo Tonnes
- TABLE 36Brazil Soy Sauce Market, 2023 - 2030, Kilo Tonnes
- TABLE 37Brazil Soy Sauce Market by Type, 2019 - 2022, USD Million
- TABLE 38Brazil Soy Sauce Market by Type, 2023 - 2030, USD Million
- TABLE 39Brazil Soy Sauce Market by Type, 2019 - 2022, Kilo Tonnes
- TABLE 40Brazil Soy Sauce Market by Type, 2023 - 2030, Kilo Tonnes
- TABLE 41Brazil Soy Sauce Market by Application, 2019 - 2022, USD Million
- TABLE 42Brazil Soy Sauce Market by Application, 2023 - 2030, USD Million
- TABLE 43Brazil Soy Sauce Market by Application, 2019 - 2022, Kilo Tonnes
- TABLE 44Brazil Soy Sauce Market by Application, 2023 - 2030, Kilo Tonnes
- TABLE 45Argentina Soy Sauce Market, 2019 - 2022, USD Million
- TABLE 46Argentina Soy Sauce Market, 2023 - 2030, USD Million
- TABLE 47Argentina Soy Sauce Market, 2019 - 2022, Kilo Tonnes
- TABLE 48Argentina Soy Sauce Market, 2023 - 2030, Kilo Tonnes
- TABLE 49Argentina Soy Sauce Market by Type, 2019 - 2022, USD Million
- TABLE 50Argentina Soy Sauce Market by Type, 2023 - 2030, USD Million
- TABLE 51Argentina Soy Sauce Market by Type, 2019 - 2022, Kilo Tonnes
- TABLE 52Argentina Soy Sauce Market by Type, 2023 - 2030, Kilo Tonnes
- TABLE 53Argentina Soy Sauce Market by Application, 2019 - 2022, USD Million
- TABLE 54Argentina Soy Sauce Market by Application, 2023 - 2030, USD Million
- TABLE 55Argentina Soy Sauce Market by Application, 2019 - 2022, Kilo Tonnes
- TABLE 56Argentina Soy Sauce Market by Application, 2023 - 2030, Kilo Tonnes
- TABLE 57UAE Soy Sauce Market, 2019 - 2022, USD Million
- TABLE 58UAE Soy Sauce Market, 2023 - 2030, USD Million
- TABLE 59UAE Soy Sauce Market, 2019 - 2022, Kilo Tonnes
- TABLE 60UAE Soy Sauce Market, 2023 - 2030, Kilo Tonnes
- TABLE 61UAE Soy Sauce Market by Type, 2019 - 2022, USD Million
- TABLE 62UAE Soy Sauce Market by Type, 2023 - 2030, USD Million
- TABLE 63UAE Soy Sauce Market by Type, 2019 - 2022, Kilo Tonnes
- TABLE 64UAE Soy Sauce Market by Type, 2023 - 2030, Kilo Tonnes
- TABLE 65UAE Soy Sauce Market by Application, 2019 - 2022, USD Million
- TABLE 66UAE Soy Sauce Market by Application, 2023 - 2030, USD Million
- TABLE 67UAE Soy Sauce Market by Application, 2019 - 2022, Kilo Tonnes
- TABLE 68UAE Soy Sauce Market by Application, 2023 - 2030, Kilo Tonnes
- TABLE 69Saudi Arabia Soy Sauce Market, 2019 - 2022, USD Million
- TABLE 70Saudi Arabia Soy Sauce Market, 2023 - 2030, USD Million
- TABLE 71Saudi Arabia Soy Sauce Market, 2019 - 2022, Kilo Tonnes
- TABLE 72Saudi Arabia Soy Sauce Market, 2023 - 2030, Kilo Tonnes
- TABLE 73Saudi Arabia Soy Sauce Market by Type, 2019 - 2022, USD Million
- TABLE 74Saudi Arabia Soy Sauce Market by Type, 2023 - 2030, USD Million
- TABLE 75Saudi Arabia Soy Sauce Market by Type, 2019 - 2022, Kilo Tonnes
- TABLE 76Saudi Arabia Soy Sauce Market by Type, 2023 - 2030, Kilo Tonnes
- TABLE 77Saudi Arabia Soy Sauce Market by Application, 2019 - 2022, USD Million
- TABLE 78Saudi Arabia Soy Sauce Market by Application, 2023 - 2030, USD Million
- TABLE 79Saudi Arabia Soy Sauce Market by Application, 2019 - 2022, Kilo Tonnes
- TABLE 80Saudi Arabia Soy Sauce Market by Application, 2023 - 2030, Kilo Tonnes
- TABLE 81South Africa Soy Sauce Market, 2019 - 2022, USD Million
- TABLE 82South Africa Soy Sauce Market, 2023 - 2030, USD Million
- TABLE 83South Africa Soy Sauce Market, 2019 - 2022, Kilo Tonnes
- TABLE 84South Africa Soy Sauce Market, 2023 - 2030, Kilo Tonnes
- TABLE 85South Africa Soy Sauce Market by Type, 2019 - 2022, USD Million
- TABLE 86South Africa Soy Sauce Market by Type, 2023 - 2030, USD Million
- TABLE 87South Africa Soy Sauce Market by Type, 2019 - 2022, Kilo Tonnes
- TABLE 88South Africa Soy Sauce Market by Type, 2023 - 2030, Kilo Tonnes
- TABLE 89South Africa Soy Sauce Market by Application, 2019 - 2022, USD Million
- TABLE 90South Africa Soy Sauce Market by Application, 2023 - 2030, USD Million
- TABLE 91South Africa Soy Sauce Market by Application, 2019 - 2022, Kilo Tonnes
- TABLE 92South Africa Soy Sauce Market by Application, 2023 - 2030, Kilo Tonnes
- TABLE 93Nigeria Soy Sauce Market, 2019 - 2022, USD Million
- TABLE 94Nigeria Soy Sauce Market, 2023 - 2030, USD Million
- TABLE 95Nigeria Soy Sauce Market, 2019 - 2022, Kilo Tonnes
- TABLE 96Nigeria Soy Sauce Market, 2023 - 2030, Kilo Tonnes
- TABLE 97Nigeria Soy Sauce Market by Type, 2019 - 2022, USD Million
- TABLE 98Nigeria Soy Sauce Market by Type, 2023 - 2030, USD Million
- TABLE 99Nigeria Soy Sauce Market by Type, 2019 - 2022, Kilo Tonnes
- TABLE 100Nigeria Soy Sauce Market by Type, 2023 - 2030, Kilo Tonnes
- TABLE 101Nigeria Soy Sauce Market by Application, 2019 - 2022, USD Million
- TABLE 102Nigeria Soy Sauce Market by Application, 2023 - 2030, USD Million
- TABLE 103Nigeria Soy Sauce Market by Application, 2019 - 2022, Kilo Tonnes
- TABLE 104Nigeria Soy Sauce Market by Application, 2023 - 2030, Kilo Tonnes
- TABLE 105Rest of LAMEA Soy Sauce Market, 2019 - 2022, USD Million
- TABLE 106Rest of LAMEA Soy Sauce Market, 2023 - 2030, USD Million
- TABLE 107Rest of LAMEA Soy Sauce Market, 2019 - 2022, Kilo Tonnes
- TABLE 108Rest of LAMEA Soy Sauce Market, 2023 - 2030, Kilo Tonnes
- TABLE 109Rest of LAMEA Soy Sauce Market by Type, 2019 - 2022, USD Million
- TABLE 110Rest of LAMEA Soy Sauce Market by Type, 2023 - 2030, USD Million
- TABLE 111Rest of LAMEA Soy Sauce Market by Type, 2019 - 2022, Kilo Tonnes
- TABLE 112Rest of LAMEA Soy Sauce Market by Type, 2023 - 2030, Kilo Tonnes
- TABLE 113Rest of LAMEA Soy Sauce Market by Application, 2019 - 2022, USD Million
- TABLE 114Rest of LAMEA Soy Sauce Market by Application, 2023 - 2030, USD Million
- TABLE 115Rest of LAMEA Soy Sauce Market by Application, 2019 - 2022, Kilo Tonnes
- TABLE 116Rest of LAMEA Soy Sauce Market by Application, 2023 - 2030, Kilo Tonnes
- TABLE 117Key Information - Bourbon Barrel Foods LLC
- TABLE 118Key Information - Lee Kum Kee Company Limited
- TABLE 119Key Information - Otafuku Sauce Co., Ltd.
- TABLE 120Key Information - Yamasa Corporation
- TABLE 121Key Information - Aloha Shoyu Company
- TABLE 122Key Information - Guangdong Meiweixian Flavoring Foods Co., Ltd.
- TABLE 123Key Information - Nestle S.A.
- TABLE 124Key Information - Masan Group Corporation
- TABLE 125Key Information - Kikkoman Corporation
- TABLE 126Key Information - Foshan Haitian Flavoring & Food Co., Ltd.
