Cooking Sauces Market Size, Share & Trends Analysis Report By Product, By Packaging (Bottles, Pouches, Others), By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2030

Cooking Sauces Market Size, Share & Trends Analysis Report By Product, By Packaging (Bottles, Pouches, Others), By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2030

Cooking Sauces Market Growth & Trends

The global cooking sauces market size is expected to reach USD 61.10 billion by 2030, according to a new report by Grand View Research, Inc. It is anticipated to grow at a CAGR of 4.0% from 2024 to 2030. Rising demand for easy solution to meal preparation coupled with demand for authentic and exotic food flavors is anticipated to drive the demand. Moreover, introduction of new flavors by the key manufacturers including Unilever and Kraft Heinz is expected to remain a key factor driving the growth.

Rising popularity of bouillon powder sauces as a gluten-free alternative, especially in developed markets such as U.S. and Germany is expected to positively influence the market. In addition, adoption of traditionally stapled flavors in the developed western countries including, U.K. France, and Germany owing to increasing number of multi-cultural population is projected to promote the demand for cooking sauces.

New product launches by the key players is anticipated to bode well for the growth of the cooking sauces market. For instance, in 2018, Mr. Organic, an Italian company working with local farmers launched two new products, in tomato, carrot & parsnip flavor and sweet potato & courgette flavor During the same year, Gran Luchito, launched a range of authentic Mexican cooking sauces, namely, featuring Hot Chilli, Enchilada, Tinga Taco, and Mild Fajita.

Cooking Sauces Market Report Highlights

• Wet cooking sauces accounted for the largest market revenue share of 88.2% in 2023. Wet cooking sauces, known for their convenience and capacity to deliver authentic and intricate flavors, have gained widespread appeal, particularly among individuals with demanding schedules and professionals seeking expedient meal solutions.
• The bottles segment accounted for the largest market revenue share in 2023. Sauces are often packaged in bottles and jars due to their convenience, durability, and ability to preserve the freshness and quality of the product.
• The supermarket/hypermarket segment dominated the market in 2023. The expanding variety of cooking sauces available in supermarkets and hypermarkets has played a pivotal role in driving market growth.
• North America cooking sauce market accounted for the largest market revenue share of 33.7% in 2023.

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