Market Overview:
The global oriental sauce market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for oriental sauces from various applications, increasing disposable income of consumers, and growing popularity of Asian cuisine. Based on type, soy sauce is expected to account for the largest share in the global oriental sauce market during the forecast period. This can be attributed to its high demand from various applications such as restaurants and foodservice establishments. Based on application, online segment is projected to grow at a higher CAGR than offline segment during the forecast period.
Product Definition:
Oriental Sauce is a sauce that is used in Chinese cuisine. It is made with soy sauce, rice vinegar, and sugar.
Soy Sauce:
Soy sauce is a staple ingredient in many asian cuisines. It has been used for centuries and is one of the most important ingredients in Chinese cooking. The fermentation process of soybeans creates a rich source of protein, vitamins, minerals, and fiber that helps to balance blood pressure and lower cholesterol levels. Soy also contains phytosterols that help to reduce absorption of bad cholesterol into the body cells which results in reduced blood cholesterol levels.
XO:
XO is an essential oil that has a fragrance similar to orange peel. It is extracted from the fruit peels of citrus fruits using steam as it method of distillation. The most commonly used XO in Asian countries are Oranges, Lemons, and Tangerines. Other sources include grapefruit, mandarin orange, bitter gourd (balloon root), and tangerine trees.
Application Insights:
The online segment held the largest share of over 70.0% in 2017. The growth can be attributed to the growing use of sauces as toppings for various foods such as Pizza, Wings, Nachos and Quesadillas on account of their versatility in terms of flavor enhancement and compatibility with a variety of food items. Furthermore, increasing penetration across e-commerce platforms has enabled consumers to access various products from different countries thereby fueling demand for global Oriental sauces across the online segment.
The offline segment is expected to expand at a CAGR exceeding 7% from 2018 to 2030 owing to rising consumer awareness regarding product availability outside major cities in developing regions such as Asia Pacific and Middle East & Africa which will eventually result into increased consumption rates over the forecast period.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for more than 45% of the global revenue. The region is projected to continue its dominance over the forecast period. This growth can be attributed to increasing consumption of Chinese cuisine across various countries in Asia Pacific, including Japan, Australia, and India among others.
The demand for sauces that are not necessarily Asian has been growing significantly over the past few years owing to rising consumer awareness about health benefits associated with them.
Growth Factors:
- Increasing demand for Oriental sauces in the foodservice industry as a flavor enhancer and condiment.
- Rising disposable income of consumers in developing countries is fueling the demand for premium quality Oriental sauces.
- Growing popularity of Asian cuisine across the globe is propelling the growth of Oriental sauce market.
- Innovation in product offerings by key players to cater to changing consumer preferences is driving the market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Oriental Sauce Market Research Report
By Type
Soy Sauce, XO, Hoisin Sauce, Teriyaki, Others
By Application
Online, Offline
By Companies
Kikkoman, Bourbon Barrel, Okonomi, Maggi, Aloha Shoyu, ABC Sauces, Yamasa, Lee Kum Kee, Shoda Shoyu
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Oriental Sauce Market Report Segments:
The global Oriental Sauce market is segmented on the basis of:
Types
Soy Sauce, XO, Hoisin Sauce, Teriyaki, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online, Offline
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kikkoman
- Bourbon Barrel
- Okonomi
- Maggi
- Aloha Shoyu
- ABC Sauces
- Yamasa
- Lee Kum Kee
- Shoda Shoyu
Highlights of The Oriental Sauce Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Soy Sauce
- XO
- Hoisin Sauce
- Teriyaki
- Others
- By Application:
- Online
- Offline
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Oriental Sauce Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Oriental sauce is a type of hot sauce that is made from a variety of spices and flavors, including chili peppers, garlic, and ginger. It can be used as a condiment or dipping sauce for food.
Some of the major players in the oriental sauce market are Kikkoman, Bourbon Barrel, Okonomi, Maggi, Aloha Shoyu, ABC Sauces, Yamasa, Lee Kum Kee, Shoda Shoyu.
The oriental sauce market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Oriental Sauce Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Oriental Sauce Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Oriental Sauce Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Oriental Sauce Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Oriental Sauce Market Size & Forecast, 2018-2028 4.5.1 Oriental Sauce Market Size and Y-o-Y Growth 4.5.2 Oriental Sauce Market Absolute $ Opportunity
Chapter 5 Global Oriental Sauce Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Oriental Sauce Market Size Forecast by Type
5.2.1 Soy Sauce
5.2.2 XO
5.2.3 Hoisin Sauce
5.2.4 Teriyaki
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Oriental Sauce Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Oriental Sauce Market Size Forecast by Applications
6.2.1 Online
6.2.2 Offline
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oriental Sauce Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Oriental Sauce Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Oriental Sauce Analysis and Forecast
9.1 Introduction
9.2 North America Oriental Sauce Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Oriental Sauce Market Size Forecast by Type
9.6.1 Soy Sauce
9.6.2 XO
9.6.3 Hoisin Sauce
9.6.4 Teriyaki
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Oriental Sauce Market Size Forecast by Applications
9.10.1 Online
9.10.2 Offline
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Oriental Sauce Analysis and Forecast
10.1 Introduction
10.2 Europe Oriental Sauce Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Oriental Sauce Market Size Forecast by Type
10.6.1 Soy Sauce
10.6.2 XO
10.6.3 Hoisin Sauce
10.6.4 Teriyaki
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Oriental Sauce Market Size Forecast by Applications
10.10.1 Online
10.10.2 Offline
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Oriental Sauce Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Oriental Sauce Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Oriental Sauce Market Size Forecast by Type
11.6.1 Soy Sauce
11.6.2 XO
11.6.3 Hoisin Sauce
11.6.4 Teriyaki
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Oriental Sauce Market Size Forecast by Applications
11.10.1 Online
11.10.2 Offline
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Oriental Sauce Analysis and Forecast
12.1 Introduction
12.2 Latin America Oriental Sauce Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Oriental Sauce Market Size Forecast by Type
12.6.1 Soy Sauce
12.6.2 XO
12.6.3 Hoisin Sauce
12.6.4 Teriyaki
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Oriental Sauce Market Size Forecast by Applications
12.10.1 Online
12.10.2 Offline
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Oriental Sauce Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Oriental Sauce Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Oriental Sauce Market Size Forecast by Type
13.6.1 Soy Sauce
13.6.2 XO
13.6.3 Hoisin Sauce
13.6.4 Teriyaki
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Oriental Sauce Market Size Forecast by Applications
13.10.1 Online
13.10.2 Offline
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Oriental Sauce Market: Competitive Dashboard
14.2 Global Oriental Sauce Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kikkoman
14.3.2 Bourbon Barrel
14.3.3 Okonomi
14.3.4 Maggi
14.3.5 Aloha Shoyu
14.3.6 ABC Sauces
14.3.7 Yamasa
14.3.8 Lee Kum Kee
14.3.9 Shoda Shoyu