Global Cooking Sauces Market Size To Exceed USD 68.56 Billion by 2033; Market Report

Global Cooking Sauces Market Size, Statistics

According to a research report published by Spherical Insights & Consulting, the Global Cooking Sauces Market is Expected to Grow from USD 46.47 Billion in 2023 to USD 68.56 Billion by 2033, at a CAGR of 3.97% during the forecast period 2023-2033. 

Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On the Global Cooking Sauces Market Size, Share, and COVID-19 Impact Analysis, By Product (Wet and Dry), By Packaging (Bottles, Pouches, and Others), By Distribution Channel (Supermarket/Hypermarket, Convenience Store, Online, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

The market for liquid or semi-liquid combinations used to improve the taste and look of food is known as the cooking sauces market. Sauces can be served with meals or utilized in the culinary process. Cooking sauces are liquid-based food ingredients frequently used to give food products the right texture, flavor, and appearance. Spices are utilized in cooking to add consistency, wetness, and strong scents. A few examples of the vast range of items that fall under the category of cooking sauces are pasta sauce, tomato sauce, curry sauce, soy sauce, and others. Furthermore, one of the primary causes of the growing demand for cooking sauces is the shifting nutritional preferences and lifestyles of people worldwide. Modern consumers seek out quick and delectable ways to state their food appetites since this is always juggling obligations to their families, careers, and social lives. Cooking sauces are a fantastic fit for these shifting consumer preferences because of their versatility and time-saving features. However, the growing popularity of culinary shows, food blogs, and social media has had a big impact on the cooking sauces industry.

The wet segment dominated for the highest share in 2023 and is estimated to grow at a CAGR of 3.5% during the predicted timeframe.

Based on the product, the global cooking sauces market is divided into wet and dry. Among these, the wet segment dominated for the highest share in 2023 and is estimated to grow at a CAGR of 3.5% during the predicted timeframe. Wet cooking sauces are becoming more and more well-liked because of their ease of use and ability to provide complex and genuine flavors. This is especially true for working professionals and others with busy schedules looking for ideas for quick dinners. 

The bottles segment dominated the greatest share in 2023 and is expected to grow at a CAGR of 3.1% during the forecast period.

Based on the packaging, the global cooking sauces market is divided into bottles, pouches, and others. Among these, the bottles segment dominated the greatest share in 2023 and is expected to grow at a CAGR of 3.1% during the forecast period. Sauces are commonly packaged in bottles and jars because of their strength, portability, and ability to preserve the product's quality and freshness. These are suitable for usage in dining establishments and retail establishments and are available in a range of sizes.   

The supermarket/hypermarket segment dominated the greatest share in 2023 and is expected to grow at a CAGR of 2.6% during the forecast period.

Based on the distribution channel, the global cooking sauces market is divided into supermarkets/hypermarkets, convenience stores, online, and others. Among these, the supermarket/hypermarket segment dominated the greatest share in 2023 and is expected to grow at a CAGR of 2.6% during the forecast period. One of the main drivers of the retail sector's expansion has been the expanding selection of cooking sauces found in supermarkets and hypermarkets. As consumer palates grow more diverse, there is an increasing need for a wide array of cooking sauces, including unusual and exotic flavors.  

North America is estimated to hold the highest share of the global cooking sauces market over the predicted timeframe.

North America is estimated to hold the highest share of the global cooking sauces market over the predicted timeframe. This is due to consumers' increasing need for more costly and healthful sauce options as well as their expanding interest in unusual and exotic options, the North American market has expanded. The market for cooking sauces in North America has also expanded as a result of rising disposable incomes and exposure to a wider range of foreign flavors from entertainment and travel.

Asia Pacific is anticipated to grow at the fastest pace in the global cooking sauces market during the forecast period. The adoption of more Western cuisine styles and the addition of new tastes to traditional fundamental foods by middle-class income groups in developing APAC countries like Bangladesh and India are the main factors propelling market expansion. The growing need for spices and seasonings, along with the increased consumption of ethnic foods, has significantly boosted the Asia Pacific cooking sauce industry. 

Companies Profiles 

Major vendors in the global cooking sauces market are The Kraft Heinz Company, Kikkoman Corporation, T. Marzetti Company, Subway, Nestle SA, Tas Gourmet Sauce Co., McCormick & Company Incorporated, Conagra Brands Inc., Bolton Group, General Mills Inc., The Unilever Group, Del Monte Foods Inc., and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development     

• In August 2024, AVERY ISLAND, LA. TABASCO® Sauce manufacturer McIlhenny Company announces the release of TABASCO® Salsa Picante, their newest creation. Rich and thick, with a bright spice blend and a mild kick of heat, is the brand's first-ever Mexican-style hot sauce. This is because of the brand's more than 150 years of pepper knowledge; the new sauce is prepared with the quality that fans have come to expect.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global cooking sauces market based on the below-mentioned segments: 

Global Cooking Sauces Market, By Product

• Wet
• Dry

Global Cooking Sauces Market, By Packaging

• Bottles
• Pouches
• Others

Global Cooking Sauces Market, By Distribution Channel

• Supermarket/Hypermarket
• Convenience Store
• Online
• Others

Global Cooking Sauces Market, By Regional

• North America 
  • US
  • Canada
  • Mexico
• Europe 
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific 
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America 
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa 
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa