Overview and Scope
The culinary sauce is a liquid with a cream-like consistency used to prepare food. These sauces give food items more flavor and wetness, which enhances their aesthetic value. Culinary sauces offer a variety of cuisines, making them an essential part of many dishes due to their taste, moisture, and complexity.
Sizing and Forecast
The culinary sauces market size has grown strongly in recent years. It will grow from $49.04 billion in 2023 to $51.72 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to culinary diversity and globalization, changed consumer lifestyles, increased consumer interest in ethnic cuisines, growth in foodservice industry, convenience and ready-to-use products, evolved eating habits.
The culinary sauces market size is expected to see steady growth in the next few years. It will grow to $61.96 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to plant-based and vegan sauces, sustainable and eco-friendly packaging, global fusion and cross-cultural influences, clean label and transparency, focus on bold and spicy flavors. Major trends in the forecast period include clean label and natural ingredients, authenticity and regional specificity:, convenience and ready-to-use formats, innovative flavors.
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Segmentation & Regional Insights
The culinary sauces market covered in this report is segmented –
1) By Product Type: Hot Sauces, Soy Sauces, Barbeque Sauces, Oyster Sauces, Pasta Sauces, Tomato Sauces
2) By Packaging: Bottles And Jars, Pouches And Sachets, Other Packaging
3) By Distribution Channels: Modern Trade, Specialty Stores, Convenience Stores, Traditional Grocery Stores, Online Stores, Other Distribution Channels
4) By Application: Households, Food Processors, HoReCa
Asia-Pacific was the largest region in the culinary sauces market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the culinary sauces market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Growing veganism and vegetarianism are expected to propel the growth of the culinary sauce market going forward. A vegetarian is someone who abstains from consuming foods containing animal products, including rennet, gelatin, or crustaceans like prawns or crab. Veganism refers to abstaining from consuming dairy products, eggs, and other foods derived from animals. The culinary sauce helps vegetarians by adding flavor, improving the appearance of food, adding moisture, and adding taste contrast to the food. For instance, according to Sentient Media, a US-based nonprofit organization, the global vegan food market increased to $15.77 billion in 2021 from $14.44 billion in 2020 and is expected to grow further. Therefore, the growing veganism and vegetarianism are driving the growth of the culinary sauce market.
Key Industry Players
Major companies operating in the culinary sauces market report are Nestle S.A., Unilever plc, Olam International, The Kraft Heinz Company, General Mills Inc., Hormel Foods Corporation, Conagra Brands Inc., Campbell Soup Company, The Clorox Company, McCormick & Company Inc., Kikkoman Corporation, B&G Foods Inc., The Morning Star Company, Yamasa Corporation, Ken’s Foods Inc., Develey, Sugal Group, McIlhenny Company, Paradise Tomato Kitchens, Vanee Foods Company, Ingomar Packing Co., Xinjiang Chalkis Company Ltd., Los Gatos Tomato Products, Baumer Foods Inc., Stello Foods Inc., Del Monte Foods Inc., Palace Foods Inc., King’s Cupboard, COFCO Tunhe Tomato Co. Ltd.
The culinary sauces market report table of contents includes:
1. Executive Summary
2. Culinary Sauces Market Characteristics
3. Culinary Sauces Market Trends And Strategies
4. Culinary Sauces Market – Macro Economic Scenario
5. Global Culinary Sauces Market Size and Growth
….
32. Global Culinary Sauces Market Competitive Benchmarking
33. Global Culinary Sauces Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Culinary Sauces Market
35. Culinary Sauces Market Future Outlook and Potential Analysis
36. Appendix
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