Owing to the rising consumer preference for soy sauce products, manufacturers are finding tremendous growth opportunities in all global market leading them to focus on expanding their production capabilities. Such expansions will help companies to cater to the rising consumer demands for soy sauce products leading to market growth.

Global soy sauces market: Packaging Innovations

Packaging plays a major role in soy sauce sales as it ensures retaining the flavor, taste, product quality, color, texture, and shelf life. The shelf life of soy sauce is heavily dependent on the ingredients, production methods, as well as packaging methods. Thus, many major companies are collaborating with packaging manufacturers to develop advanced packaging technology for their products to ensure product quality and longer shelf life. This will enable manufacturers to expand their consumer base.

“Along with the rising innovations in packaging, the increase in new product launches is another factor that is driving the growth of the market. The increase in new product launches such as Ponzu Citrus Soy Sauce by regional and international players will support the growth of the global soy sauces market. Moreover, manufacturers of soy sauce are adopting innovative distribution strategies which involve the launch of different products to cater to local tastes.

Global soy sauces market: Segmentation analysis

This market research report segments the global soy sauces market by end-user (foodservice, and retail) and geographical regions (APAC, Americas, and EMEA).

The APAC region led the market in 2018, followed by the Americas, and EMEA respectively. However, during the forecast period, the EMEA region is expected to register the highest incremental growth due to the emergence of modern retail chains as the primary distribution channels for soy sauces in Europe and the African region. There is also an increase in online presence which is gaining popularity among consumers in Germany and France.
https://www.technavio.com/report/global-soy-sauces-market-industry-analysis