Sauces & Spices - Worldwide

  • Worldwide
  • Revenue in the Sauces & Condiments market amounts to €239.80bn in 2024. The market is expected to grow annually by 6.34% (CAGR 2024-2028).
  • In global comparison, most revenue is generated in China (€42bn in 2024).
  • In relation to total population figures, per person revenues of €30.95 are generated in 2024.
  • In the Sauces & Condiments market, volume is expected to amount to 70.05bn kg by 2028. The Sauces & Condiments market is expected to show a volume growth of 3.5% in 2025.
  • The average volume per person in the Sauces & Condiments market is expected to amount to 8.0kg in 2024.

Key regions: Russia, Spain, Philippines, Canada, South Korea

 
Marché
 
Région
 
Comparaison de régions
 
Monnaie
 

Analyst Opinion

Since the outbreak of COVID-19, the activity of cooking at home has become increasingly popular, boding well for the Sauces & Spices segment. Furthermore, the space has witnessed the emergence of numerous profitable start-ups in recent years. For example, Truff, a hot sauce start-up based in the U.S., saw a 400% increase in sales in March 2020 and garnered nearly US$25 million in revenues that same year, according to various estimates. Moreover, the emergence of new sauces in Western markets, such as Sriracha and Chimichurri, as well as organic, non-GMO, and gluten-free varieties are expected to drive segment growth in the short to medium term. The rising popularity of ethnic cuisines, such as those from Asian and Mediterranean countries, which frequently use a variety of flavorful sauces, are also projected to be an influencing factor in this segment’s growth.

Companies are also looking to target health-conscious consumers by launching product varieties with health and nutritional benefits. For instance, UK-based Loyd Grossman Sauces launched a wholegrain Bolognese sauce, which is being marketed as being rich in fiber and proteins as it contains tomato sauce ingredients that have been blended with quinoa and lentils.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

Vue d’ensemble

  • Revenue
  • Sales Channels
  • Analyst Opinion
  • Volume
  • Price
  • Global Comparison
  • Methodology
  • Key Market Indicators
Veuillez patienter

Contact

Des questions ? Nous nous ferons un plaisir de vous aider.
Statista Locations
Contact Temitope Ifekoya
Temitope Ifekoya
Customer Relations

Lun - Ven, 9:00 - 18:00 h (EST)

Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (États-Unis)

Lun - Ven, 9:00 - 18:00 h (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asie)

Lun - Ven, 9:00 - 17:00 h (SGT)

Contact Kisara Mizuno
Kisara Mizuno
Senior Business Development Manager– Contact (Asie)

Lun - Ven, 10:00 - 18:00 h (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Lun - Ven, 9:00 - 18:00 h (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Amérique latine)

Lun - Ven, 9:00 - 18:00 h (EST)