Global Soy Sauces Market 2019–2023
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.
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.
Comments
Post a Comment