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 has experienced significant growth from 2018 to 2022, driven by evolving consumer preferences and increasing demand for convenience foods. In 2023, the market was valued at approximately USD 85.3 billion and is projected to reach USD 114.2 billion by 2032, exhibiting a CAGR of 3.8%.
Several factors have contributed to this upward trend. The rising popularity of international cuisines has led consumers to seek diverse flavors, thereby increasing the demand for various sauces and gravies. Additionally, the busy lifestyles of modern consumers have heightened the appeal of ready-to-use products that simplify meal preparation.
From my personal experience, the convenience of having a variety of sauces and gravies readily available has been invaluable, especially during hectic workweeks. They not only save time but also add rich flavors to dishes, making home-cooked meals more enjoyable.
Looking ahead, the period from 2023 to 2033 is expected to witness continued growth in the sauce and gravy market. Emerging markets, particularly in the Asia-Pacific region, are anticipated to play a significant role in this expansion due to increasing urbanization and disposable incomes. Moreover, there is a growing consumer preference for healthier and organic options, prompting manufacturers to innovate and offer products that cater to health-conscious individuals.
In summary, the sauce and gravy market has shown robust growth from 2018 to 2022 and is poised for further expansion in the coming decade. The combination of convenience, flavor diversity, and health-oriented innovations will likely continue to drive consumer demand.
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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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