The industry is concentrated, top 5 took up about 30% of the global market in 2017. The key players include Kikkoman, Bluegrass Soy Sauce (Bourbon Barrel), Okonomi, Maggi, Aloha Shoyu and so on. Other key players are like ABC Sauces, Yamasa, Lee Kum Kee, Shoda Shoyu, Haitian, Jiajia, Shinho, Meiweixian, Kum Thim Food Industries Sdn Bhd, etc.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.
Global Soy Sauce Market Research Report 2018 report released by QYResearch provides a basic overview of the Soy Sauce industry, including definition, classification, application and industrial chain structure. Discuss users and distributers as well as manufacturing processes and cost structures.
The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Soy Sauce industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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