Sauce and Gravy Market was valued at USD 27.6 Billion in 2022 and is projected to reach USD 39.2 Billion by 2030, growing at a CAGR of 4.8% from 2024 to 2030.
The global sauce and gravy market was valued at approximately USD 50 billion in 2022, reflecting robust consumer demand and diverse culinary applications. The market is projected to grow at a compound annual growth rate (CAGR) of 4.5% from 2022 to 2027, reaching an estimated USD 62 billion by the end of the forecast period. This growth is driven by increasing consumer interest in premium and artisanal sauces, along with the rising popularity of international cuisines which boosts demand for a variety of sauces and gravies. The expanding foodservice sector and innovations in product offerings also contribute to the market expansion, presenting substantial growth opportunities for key players in the industry.
Emerging markets, particularly in Asia-Pacific and Latin America, are witnessing accelerated growth due to shifting dietary preferences and expanding urban populations. These regions are becoming significant contributors to market growth, driven by the increasing availability of diverse sauce options and rising disposable incomes. The market dynamics are further influenced by evolving consumer preferences for health-conscious and convenient food options, leading to a surge in demand for low-sodium and natural ingredient-based sauces and gravies. Companies entering these emerging markets are likely to benefit from the expanding consumer base and growing appetite for varied culinary experiences.
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General Mills
Nestle
ConAgra Food
Kroger
Frito Lay
Unilever
The Kraft Heinz
Hormel Foods
Mars
Campbell Soup
McDonalds
The Clorox
Kikkoman
McCormick & Company
Wujiang Industry
Haitian Flavouring and Food Company
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Sauce and Gravy Market
Fresh E-commerce
Food Delivery
E-Commerce
Hypermarkets and Supermarkets
Specialty Stores
Convenience Stores
Others
Based on Types the Market is categorized into Below types that held the largest Sauce and Gravy market share In 2023.
Tomato Ketchup
Spices & Culinary Herbs
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Sauce and Gravy Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Sauce and Gravy Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Sauce and Gravy Market, By Type
6. Global Sauce and Gravy Market, By Application
7. Global Sauce and Gravy Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Sauce and Gravy Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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