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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Sauces Market Outlook
The global sauces market is expected to grow at a CAGR of 5% during the forecast period of 2024-2032. A sauce is a cream or semi-solid food that is eaten or used in specific food preparations. The sauces market is being driven by the globalisation of tastes and the rising product diversification.
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Global Sauces Market: Properties and Applications
The sauces market can be broadly categorised based on its product types into:
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- Table Sauces
- Culinary Sauces
- Others
The EMR report looks into the regional sauces markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Global Sauces Market Analysis
The emergence of a diverse customer population in the United States has contributed to a growing demand for unique flavours and foods. Food trucks use different sauces for cooking fusion food, mixing special foreign dishes like Korean BBQ tacos and sushi burritos. Consumers and restaurants also recreate the flavours offered by street food outlets using common seasonings and ethnic cuisine sauces. The growing demand for ethnic cuisine will be a significant driver of the growth of the sauces market.
The packaging is an essential component in the sauces market, which helps in brand differentiation and transportation. The growing popularity of pouch packaging, as well as bag-in-box packaging within the sauce market, is due to the ability of the packaging to guard the quality, dispense easily, and prolong the freshness of sauces.
Global Sauces Market: Competitive Landscape
The report presents a detailed analysis of the following key players in the global sauces market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Campbell Soup Co. (NYSE: CPB)
- Hormel Foods Corp.
- McCormick & Co. Inc.
- The Kraft Heinz Co.
- Unilever PLC
- Others
The EMR report gives an in-depth insight into the sauces market by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.
Key Highlights of the Report
| 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 |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Sauces Market Report Snapshots
*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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Key Questions Answered in the Report
The global sauces market is projected to grow at a CAGR of 5% between 2024 and 2032.
The major drivers of the market rapid globalisation, rising disposable incomes, the diversification of food products, the expanding food services and restaurant business, and the rising availability of a wide range of sauces in affordable and convenient packaging.
The key trends guiding the market include growing demand for ethnic cuisines, the growing popularity of sauces in pouch packaging, and the increasing demand for innovative flavours.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Table and culinary sauces, among others, are the leading product types of sauces in the market.
The major market players include Campbell Soup Company (NYSE: CPB), Hormel Foods Corporation (NYSE: HRL), McCormick & Company, Inc. (NYSE: MKC), The Kraft Heinz Company (NASDAQ: KHC), and Unilever PLC, among others.
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