According to the report by Expert Market Research (EMR), the global sauces market is projected to grow at a CAGR of 5% between 2024 and 2032. Aided by the globalisation of tastes and rising product diversification, the market is projected to grow significantly by 2032.
Sauce is a culinary term that refers to a liquid or semi-liquid food preparation used to enhance the flavour, moisture, or visual appeal of dishes. It serves multiple purposes in cooking, including adding moisture to dishes, providing contrast in flavour and texture, balancing richness, and tying together different components of a meal. Sauces can be used to marinate meats, dress salads, coat pasta, flavour stir-fries, accompany main courses, or garnish desserts.
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One of the key global sauces market trends includes the rising demand for healthy and natural food options, which is fuelling the demand for organic and clean-label sauces. Consumers are increasingly seeking sauces made from high-quality, natural ingredients, with no artificial additives or preservatives. Manufacturers are responding to this demand by introducing innovative sauce options catering to health-conscious consumers who prioritise clean eating.
The foodservice industry plays a significant role in driving the global sauces market, with restaurants, cafes, and quick-service chains incorporating a diverse array of sauces into their menus to enhance flavour profiles and differentiate their offerings. Moreover, the proliferation of online food delivery services has expanded the reach of sauces to a wider audience, which is enabling consumers to enjoy sauces within their homes.
Sauces Market Segmentation
The market can be divided based on product and region.
Market Breakup by Product
- Table Sauces
- Culinary Sauces
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global sauces market. Some of the major players explored in the report by Expert Market Research are as follows:
- Campbell Soup Company
- Hormel Foods Corporation
- McCormick & Company, Inc.
- The Kraft Heinz Company
- Unilever PLC
- Others
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