According to May 2022, around ** percent of Chinese respondents said they had stocked up on convenience food at home in the past three months, while ** percent of respondents said they stocked up on snacks at home. Only ***** percent of respondents said they did not stock any food or beverage.

According to a survey on consumer behavior during coronavirus outbreak conducted by Rakuten Insight in April 2020, ** percent of the respondents from mainland China who had engaged in panic buying said that they stocked up on dry food items. The same survey found out that panic buying was not very common in the country.

According to a survey on consumer behavior during coronavirus outbreak conducted by Rakuten Insight in April 2020, about **** percent of panic buying in China happened on e-commerce platforms, second popular sales channel after supermarkets and hypermarkets. The same survey found that most Chinese consumers stocked up on dry food items and personal hygiene products.

The global vacuum glutinous rice dumpling market size was valued at USD 1.5 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.1% during the forecast period 2024-2030. The growth in the market is attributed to factors such as the increasing popularity of Chinese cuisine, the convenience of vacuum packaging, and the growing demand for premium food products. The increasing popularity of Chinese cuisine is a major driver for the growth of the vacuum glutinous rice dumpling market. Glutinous rice dumplings are a traditional Chinese dish that is typically made with glutinous rice, fillings such as pork, shrimp, or vegetables, and wrapped in bamboo leaves. The convenience of vacuum packaging is another factor that is contributing to the growth of the market. Vacuum packaging extends the shelf life of food products, making it easier for consumers to stock up on their favorite foods. The growing demand for premium food products is also a factor that is driving the growth of the market. Consumers are increasingly willing to pay more for high-quality food products, and vacuum glutinous rice dumplings are often perceived as being a premium product.

According to Cognitive Market Research, the global Soy Sauce market size is USD 1351.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 10.90% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 540.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 405.36 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 310.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.9% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 67.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 27.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.6% from 2024 to 2031.
The Household held the highest Soy Sauce market revenue share in 2024.

Market Dynamics of Soy Sauce Market

Key Drivers of Soy Sauce Market

Rising Demand for Asian Cuisine to Increase the Demand Globally

The rising interest in Asian food across the globe, particularly in Chinese, Japanese, and Korean cuisine, is driving up soy sauce consumption to previously unheard-of levels. As more and more people throughout the world come to appreciate the complex and varied tastes of these cuisines, soy sauce becomes an increasingly popular ingredient. This increase in demand is a reflection of a cross-cultural interchange as people look for genuine flavors and experiment with new culinary adventures. Soy sauce's deep umami flavor and many uses have made it a favorite among cooks and foodies alike, securing its place as a basic ingredient in kitchens all over the world.

Growing Health Consciousness (with a twist) to Propel Market Growth

The umami flavor of soy sauce is still appealing in the face of growing health consciousness, but with a focus on healthier alternatives. Historically high in salt, low-sodium soy sauce varieties are becoming more and more popular. This change is a response to the needs of consumers who are concerned about their health and want to enjoy the unique umami flavor without sacrificing their nutritional objectives. These substitutions, which emphasize cutting back on salt consumption, provide a well-rounded approach that complies with changing wellness and dietary trends. The availability of low-sodium soy sauce highlights a dedication to both flavor and health, appealing to a wide range of preferences and lifestyles as consumers value mindful eating more and more.

Restraint Factors Of Soy Sauce Market

Health Concerns About Sodium to Limit the Sales

Yes, the high sodium concentration of conventional soy sauce still causes legitimate concerns, especially for health-conscious people who are controlling high blood pressure or following diets low in sodium. Even with the development of low-sodium substitutes, traditional soy sauce's high sodium content is still a major factor for people watching their salt intake. These customers find it difficult to choose foods that will reduce their sodium intake, which frequently forces them to carefully read ingredient labels and look into other flavor enhancers. In order to provide more varied and easily accessible solutions that satisfy a range of dietary requirements and preferences, the culinary sector must continue to innovate as public awareness of the detrimental effects of high sodium intake grows.

Impact of Covid-19 on the Soy Sauce Market

The COVID-19 outbreak caused severe disruptions to the soy sauce market. Lockdowns, bans on eating out, and unpredictability in the economy caused changes in consumer demand and difficulties in the supply chain. While customers stocked up on pantry necessities, momentarily driving up retail sales, the market was negatively impacted by restaurant closures and reduced foodservice operations. Disruptions in international trade and transportation also made it more difficult to get essential ingredients, which had an effect on distribution and manufacturing. Notwithstanding these obstacles, the pandemic boosted the popularity of home cooking and internet buying, creating n...