About Soy Sauce Powder
Soy sauce powder is soy sauce combined with maltodextrin powder, a flavorless starch commonly used in food preservation. It is a kind of taste and flavor enhancer comprised of various kinds of amino acids and polypeptides. It is water-soluble so blends well with other ingredients. It can be added to soups, dry mixes, sauces, dips and seasoning rubs to impart distinct flavor. It also used in snack coatings and seasonings too. The factors such as Increased Demand for Soy Sauce Powder for Numerous Applications such as Seasoning Mixes, Snacks and Others as well as Increased Promotional Activities by Manufacturers are the driving factors for the global soy sauce power market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Soy Sauce Powder market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Versa Group Philippines Corporation (Philippines), Philippine Aminosan Corporation (Philippines), Aipu Food Industry (China), Nikken Foods (United States), Shanghai Hensin Industry Co., Ltd. (China), Chaitanya Group (India), SEEWOO FOODS (United Kingdom), Halcyon Proteins PTY Ltd. (Australia), AmTech Ingredients (United States) and Yamasa Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Kikkoman (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Soy Sauce Powder market by Type (Fermented Soy Sauce Powder and Roasted Soy Sauce Powder), Application (Seafood, Processed Meat, Seasoning Mixes, Sauces, Dips, Gravies, Soups, Snacks and Other) and Region.
On the basis of geography, the market of Soy Sauce Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Supermarket/Hypermarket will boost the Soy Sauce Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Number of Health Conscious People and Robust Increase in the Distribution Channels
Market Growth Drivers:
Increased Demand for Soy Sauce Powder for Numerous Applications such as Seasoning Mixes, Snacks and Others and Increased Promotional Activities by Manufacturers
Challenges:
Lack of Skilled Professionals
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Increasing Demand from Food Manufacturers and Growth in the Food Industry Worldwide
Market Leaders and their expansionary development strategies
In February 2023, Charlotte de Witte's recent huge EP wasn't the only special sauce she's been cooking up. In a mashup of culinary arts and electronic music no one saw coming, the trailblazing techno superstar has revealed the launch of Tears of Soy, a custom soy sauce product.
In February 2024, Kikkoman announced the launch of its dark soy sauce specially crafted exclusively for the Indian market after four years of research and development (R&D). The new sauce imparts a rich color without a single chemical, preservative, or artificial seasoning.
Key Target Audience
Soy Sauce Powder Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.