The report covers the market size and growth, segmentation, regional breakdowns, competitive landscape,
trends and strategies for the global sauces market. It traces the market's historic and forecast market growth, and identifies top segments for opportunities and strategies based on market trends and leading competitors' approaches.
This study also provides an analysis of the impact of the COVID-19 crisis on the sauces industry. The global sauces market is expected to achieve an incremental growth of $13.7 billion, with a compound annual growth rate of 3.7% during the forecast period.
The report segments the market by type, including mustard sauce, hot sauces, soy sauce, barbecue sauce, catsup, and others. The soy sauce segment held the largest share of the global sauces market in 2021 and is expected to maintain its share during the forecast period.
The market is further segmented by packaging, including pouch, glass and plastic bottle, and others.
The glass and plastic bottle segment held the largest share of the sauces market. Based on distribution channel, the sauces market is segmented into supermarket and hypermarket, convenience store, online, and others.
The supermarket and hypermarket segment was the largest contributor to the global sauces market in 2021.
The market is also divided by region, including North America, Europe, Asia-Pacific, MEA (Middle East and Africa), and Latin America.Asia-Pacific is estimated to account for the largest share of the global sauces market. The report also provides a detailed analysis of several leading sauces market vendors, including Campbell Soup Co., Conagra Brands Inc., Del Monte Foods Inc., Hormel Foods Corporation, Kikkoman Corporation, Lee Kum Kee Company Limited, McCormick & Company Inc., Nestle S.A., Pepsico Inc., Sovos Brands Intermediate, Inc., The Kraft Heinz Company, and others.
