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The global culinary sauces market reached a value of about USD 54.17 billion in 2023. The industry is further expected to grow at a CAGR of about 4.40% in the forecast period of 2024-2032 to reach a value of around USD 79.87 billion by 2032.
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The Asia Pacific region is anticipated to witness the highest growth rate over the forecast years due to a rising manufacturing footprint and continuous advancements in processing technologies. Changing dietary preferences among consumer groups and packaging styles drive the expansion of the culinary sauces industry. Increased sales of culinary sauces in the Asia Pacific region will be driven by the rapid changes in consumption patterns and lifestyles brought about by rising disposable incomes and growing economies in emerging countries, such as India and China, resulting in the region's continued dominance in the global market. There is a strong influence of culinary sauces in various food items owing to the increasing adoption of various western culinary sauces and habits, practices, and the addition of different flavours in traditional essential food. In addition, the growing popularity of ethnic foods, as a result of the region's developing multi-cultural population, is predicted to raise the demand for various traditional sauces. Increasing consumption of baked goods and confectionery products is also driving the growth in the region. Global enterprises are investing in the region in order to boost exports from the low-cost zone, which is likely to boost culinary sauces consumption in the region throughout the forecast period.
Culinary sauce is a liquid with a creamish texture that is used in food preparation. These sauces improve the aesthetic value of food items by adding flavour and moisture to them. It is used in a variety of regional cuisines, including Latin, Asian, Italian, British, and French. The ratio of solid to liquid constituents varies amongst the goods.
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Based on product type, the market includes:
By packaging, the market is segmented into:
The end-users of the market are:
The several distribution channels of the market are:
The regional markets for the culinary sauces industry can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
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The culinary sauces sector is benefitting from a growing varied community and changing customer preferences for region-specific authentic and spicy flavours. The food and nutrition demand in urban regions, where a large proportion of the population are young and working, is speedily evolving. Supermarkets and department stores are loading their shelves with a variety of ingredients and products to cater to these shifting dietary preferences, with culinary sauces being one of the most popular. Growing momentum for premium food commodities with higher quality ingredients and handmade products encourages customer groups to purchase more culinary sauces. Growing awareness among customer groups about organic, savoury, and natural ingredients also positively affects the demand for culinary sauces. Rising disposable incomes and an increase in the global population of working women are anticipated to keep the long-term demand for culinary sauces growing. Demand growth could also be aided by the increasing the number of single-person homes. With the recent availability of a wide variety of flavour enhancer sauces, technological advancement has raised the demand for sauces due to increased investment in research and development by key companies. These factors are expected to have a positive impact on the market soon.
The report gives a detailed analysis of the following key players in the global culinary sauces industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Packaging |
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Breakup by End-User |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Trade Data Analysis |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global culinary sauces market attained a value of nearly USD 54.17 billion.
The market is projected to grow at a CAGR of 4.40% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 79.87 billion by 2032.
The major drivers of the market include the increasing adoption of various western culinary sauces and habits, the growing popularity of ethnic foods, growing momentum for premium food commodities, rising disposable incomes, an increase in the global population of working women, and technological advancements.
Changing customer preferences and growing awareness among customer groups about organic, savoury and natural ingredients are the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various types of products are hot sauces, soy sauces, barbeque sauces, oyster sauces, pasta sauces, and tomato sauces, among others.
Based on packaging, the market is segmented into bottles and jars, pouches and sachets, among others.
The end-users of the market are households, food processors and manufacturers, and HoReCa, among others.
The several distribution channels of the market are modern trade, speciality stores, convenience stores, traditional grocery stores, and online stores, among others.
The major players in the industry are The Kraft Heinz Company, Conagra Brands, Inc., Unilever PLC, Del Monte Foods, Inc, Kikkoman Corporation, Yamasa Corporation, Ken’s Foods, Inc., and Hormel Foods Corporation, among others.
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