The Culinary Sauces Global Market Report 2023, provides comprehensive information on the culinary sauces market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global culinary sauces market is expected to grow from $46.36 billion in 2022 to $49.04 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The culinary sauces market is expected to reach $58.84 billion in 2027 at a CAGR of 4.7%.
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Product innovation is a key trend gaining popularity in the culinary sauce market. Major companies operating in the culinary sauces market are developing new products to sustain their position in the market. For instance, in October 2021, Patak, a UK-based company that focuses on ingredients for Indian cuisine, introduced new easy-to-cook sauces and a plant-based meal kit line with an Indian flair. Vegetables can be poured and simmered in Patak’s vegan cooking sauces, flavored with dal-style curries, and made with tomatoes, lentils, and Indian spices. Some flavor variations include Lentil Tikka Masala, Lentil Korma, and Lentil Jalfrezi. The meal kits come with a flavorful spice paste, brown rice or lentils that are simple to prepare, and a sachet of fried onions for topping.
The culinary sauces market is segmented:
1) By Product Type: Hot Sauces, Soy Sauces, Barbeque Sauces, Oyster Sauces, Pasta Sauces, Tomato Sauces
2) By Packaging: Bottles And Jars, Pouches And Sachets, Other Packaging
3) By Distribution Channels: Modern Trade, Specialty Stores, Convenience Stores, Traditional Grocery Stores, Online Stores, Other Distribution Channels
4) By Application: Households, Food Processors, HoReCa
Asia-Pacific was the largest region in the culinary sauces market in 2022.
The table of contents in TBRC’s culinary sauces market report includes:
- Executive Summary
- Culinary Sauces Market Characteristics
- Culinary Sauces Market Trends And Strategies
- Culinary Sauces Market – Macro Economic Scenario
- Culinary Sauces Market Segmentation
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- Global Culinary Sauces Market Competitive Benchmarking
- Global Culinary Sauces Market Competitive Dashboard
- Key Mergers And Acquisitions In The Culinary Sauces Market
- Culinary Sauces Market Future Outlook and Potential Analysis
- Appendix
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