Global Table Sauces Market to Reach US$ 12.0 Billion by 2028, Propelled by Increasing Demand for Convenience Food Products

May 24, 2023 | Food & Beverages

According to the latest report by IMARC Group, titled “Table Sauces Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global table sauces market? size reached US$ 8.7?Billion in 2022.?Table sauces are condiments that are added to different dishes while cooking or serving to enhance their taste. They are cost-effective, convenient, and preservative free, and do not require a refrigeration system to avoid deterioration. As they are a rich source of fiber, protein, and healthy fats and have antioxidant properties that assist in inhibiting cellular damage-causing processes in the body, the demand for table sauces are rising across the globe.

Global Table Sauces Market Trends:

Presently, the increasing utilization of table sauces, as they are easily available and inexpensive, represents one of the major factors impelling the growth of the market. Apart from this, the growing demand for table sauces on account of the increasing popularity of convenience food products, along with the thriving food and beverage (F&B) industry, is offering a positive market outlook. In addition, the rising consumption of table sauces to enhance the taste and texture of food items is contributing to the growth of the market. Besides this, the increasing adoption of table sauces to marinate meat and vegetables is offering lucrative growth opportunities to industry investors. Additionally, the wide availability of table sauces through various distribution channels, such as supermarkets, hypermarkets, and convenience and online stores, around the world is bolstering the growth of the market. Furthermore, the increasing employment of table sauces due to the rising adoption of Western culture, along with the rising application of table sauces to prepare various food products, such as pizza, fries, burgers, pasta, and sandwiches, is supporting the growth of the market. Looking forward, the market value is projected to reach US$ 12.0 Billion by 2028, expanding at a CAGR of 5.2% during 2023-2028.

Market Summary:

  • Based on the product type, the market has been classified into tomato ketchup, marinades, mayonnaise, and others. At present, tomato ketchup dominates the market, accounting for the largest share.    
  • On the basis of the packaging form, the market has been segregated into pouches, jars, bottles, and sachets. Among these, pouches represent the largest segment.
  • Based on the distribution channel, the market has been divided into supermarket and hypermarket, grocery and convenience store, online retail, and others. Presently, supermarket and hypermarket exhibit a clear dominance in the market.  
  • Region-wise, the market has been segmented into North America (United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others) currently enjoys the leading position in the market.  
  • The competitive landscape of the market has also been examined, with some of the key players being Conagra Brands Inc., Everest Beverages & Food Industries Private Limited, Grace Foods, Great British Sauce Company, Levi Roots Reggae Reggae Foods Ltd., McCormick & Company Incorporated, Nestlé S.A., Northwest Gourmet Foods, Orkla ASA, The Hain Celestial Group Inc., and The Kraft Heinz Company.

Report Scope:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Product Types Covered Tomato Ketchup, Marinades, Mayonnaise, Others
Packaging Forms Covered Pouches, Jars, Bottles, Sachets
Distribution Channels Covered Supermarket and Hypermarket, Grocery and Convenience Store, Online Retail, Others
Regions Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Conagra Brands Inc., Everest Beverages & Food Industries Private Limited, Grace Foods, Great British Sauce Company, Levi Roots Reggae Reggae Foods Ltd., McCormick & Company Incorporated, Nestlé S.A., Northwest Gourmet Foods, Orkla ASA, The Hain Celestial Group Inc., The Kraft Heinz Company, etc.
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Global Table Sauces Market to Reach US$ 12.0 Billion by 2028, Propelled by Increasing Demand for Convenience Food Products
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