Cooking Sauces Market Size is Estimated to grow at a CAGR of 4.4% during the forecast period


Posted February 1, 2024 by Jameslin

The cooking sauces market was estimated to be worth USD 44.8 billion in 2022, and during the forecast period, it is anticipated to expand at a CAGR of 4.4%.

 
The cooking sauces market was estimated to be worth USD 44.8 billion in 2022, and during the forecast period, it is anticipated to expand at a CAGR of 4.4%. Cooking sauces are a broad category of items that are used to improve the flavor of different dishes. Examples of these products include pasta sauce, tomato sauce, curry sauce, soy sauce, and more.
Increasing consumer preference for taste, convenience, and international cuisine is the primary driver of the cooking sauces market. Other factors driving the market growth include:
· Changing consumer lifestyles
· Demand for international cuisines
· Increasing inclination of people towards health and wellness trends
· Growth of e-commerce
· Innovation in flavors and ingredients

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Growth Drivers
Cooking sauce sales are rising as a result of shifting consumer tastes and a rise in the consumption of ready-to-eat and junk food. Growing meal delivery services are beneficial to this industry. The market is expanding because more people are realizing the value of home-cooked meals. Thai, Indian, and Mexican cooking sauces are among the many that are in high demand due to the increasing popularity of foreign and ethnic cuisines.
Customers may now more easily obtain a large range of cooking sauces, including those from other states and nations, thanks to the growth of e-commerce. New and distinctive flavors, ingredients, and culinary sauces—even those from other nations or regions—are constantly being introduced by brands. The demand for ready-made solutions and cooking sauces of restaurant caliber has surged due to the expansion of meal kit and food delivery services.
Segmentation
Type of Sauces
· Tomato Sauce
· Pasta Sauce
· Barbecue Sauce
· Soy Sauce
· Hot Sauce
· Curry Sauce
· Pesto Sauce
· White Sauce
· Salsa
· Teriyaki Sauce
· Others
Flavor Profiles
· Spicy
· Mild
· Sweet
· Tangy
· Savory
· Umami
· Ethnic or Regional Varieties
Packaging Type
· Bottles
· Pouches
· Cans
· Glass Jars
· Sachets
· Others
Distribution Channel
· Supermarkets/Hypermarkets
· Convenience stores
· Online Retail
· Specialty Stores
· Food Services
· Others
End-User Application
· Home Cooking
· Food Service Industry
· Ready-to-Eat Meals
· Meal Kits
· Others
Dietary Preference
· Gluten-free
· Vegan
· Low-Sodium
· Organic
· Non-GMO
· Keto-Friendly
· Others
Price-Range
· Economy
· Mid-Range
· Premium
Regional Outlook
· Asia Pacific
· Oceania
· North America
· Middle East and Africa
· South America
· Europe

Key Players
· The Kraft Heinz Company
· Conagra Brands
· Nestle
· McCormick and Company
· Unilever
· General Mills
· Hormel Foods
· Barilla Group
· MIzkan Group
· The Kitchen
· Frontera Foods
· Dave’s Gourmet
· Other Players

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Categories Food , Industry , Miscellaneous
Tags cooking sauces market , cooking sauces market size , cooking sauces market share , cooking sauces market news
Last Updated February 1, 2024