Soy Sauce Market Size to Hit USD 63.16 Billion by 2032; Abundant Availability of Soybeans to Promote Product Innovations

The global soy sauce market size was valued at USD 38.36 billion in 2024 and is projected to grow from USD 40.42 billion in 2025 to USD 63.16 billion by 2032, exhibiting a CAGR of 6.59% during the forecast period of 2025-2032.

Fortune Business Insights™ presents this information in its latest report titled “Soy Sauce Market Size, Share & Industry Analysis, By Process (Brewed and Blended), Type (Light Soy Sauce, Dark Soy Sauce, and Others), End-user (Processed Food, Foodservice Sector, and Households), Distribution Channel (Supermarkets, Hypermarkets, Convenience Stores, Online Sales, HoReCa, and QSR), and Regional Forecast, 2025 – 2032”.

The sauces market has been a multifaceted industry globally, driven by its ability to cater to consumer’s daily dietary needs through its diverse offerings. The demand for sauces and condiments has been consistently high since ancient times, and this trend continues to persist in the global market. Among the various oriental table sauces, soy sauce stands out for its sensory appeal in food. Consumers are now increasingly seeking flavorful and healthy sauces with extended shelf life. Manufacturers are responding by introducing new products with low pH levels to enhance taste and preservation. The ongoing advancements in technology and improvements in consumers’ living standards will contribute to the market’s growth worldwide.

The COVID-19 pandemic had a significant impact on the foodservice/processing industry. This period caused individuals to stop visiting restaurants, resulting in decreased profit and ultimately, the permanent or temporary closure of dine-in establishments. These factors resulted in a sudden decline in product demand.

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Ample Accessibility of Soybeans to Promote Product Innovations

In recent decades, there has been a notable increase in global soybean consumption, establishing it as a prominent commodity across the world. Its versatile application ranges from human dietary needs to animal feed due to its inherent nutritional value in protein, carbohydrates, and other essential nutrients. Research from the Food Climate Research Network (FCRN) at the University of Oxford indicated that a mere 6% of the total soybean production is utilized for human consumption annually. Consequently, manufacturers are leveraging available raw materials to cater to the rising demand for diverse soy-based products, including sauces, driven by innovations and evolving consumer preferences.

However, traditional products often contain high levels of glutamate and sodium, which can lead to adverse health effects. These additives, intended for flavor and preservation, can have severe consequences, such as hypertension and obesity, potentially hindering the soy sauce market growth.

Key Market Players to Engage in Partnerships and Launch New Products to Expand Business Operations

The leading companies operating in this market are strategizing on expanding their footprints in developed countries, such the U.S., Canada, and Germany owing to the growing consumption of Asian foods. They are also focusing on the production of innovative and nutritious products to remain with the ongoing trend, sharing free samples with consumers to help them try out their products before buying them to gain a strong competitive edge and increase their customer base.

Notable Industry Development:

• May 2021: Kraft Heinz Company unveiled a low-salt variant of its renowned Master Weijixian soy sauce. This innovative product boasts 28% salt content, achieved through the use of dried scallops. This unique approach enables the creation of a rich, superior umami flavor profile that caters to the growing demand for healthier yet flavorful condiments.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/soy-sauce-market-102857

List of the Companies Profiled in the Report:

• Foshan Haitian Flavouring & Food Co. Ltd (China)


• Jiajia Food Group Co., Ltd. (China)


• Kikkoman Corporation (Japan)


• Koon Chun Hing Kee Soy & Sauce Factory (China)


• Kraft Heinz Company (U.S.)


• Lee Kum Kee (China)


• Marunaka Shouyu (Japan)


• McCormick & Company Inc. (U.S.)


• Nestle S.A. (Switzerland)


• Shoda Shoyu Co. Ltd. (Japan)


• YAMASA Corporation (Japan)

Further Report Findings:

• Asia Pacific is dominating the global soy sauce market share, accounting for a significant market value. China, in particular, has played a crucial role in this growth as soy sauce has been an integral part of the country’s culinary tradition since its inception.


• North America, the second-largest consumer globally, has experienced a surge in demand for this sauce due to the increasing adoption of diverse cuisines among consumers. The U.S., which is a major market in the region, utilizes a substantial quantity of soy sauce in the foodservice and packaged foods sectors to cater to the growing demand for Asian cuisine.

Table of Segmentation