The price per unit is forecast to experience significant growth in all segments in 2029. This reflects the overall trend throughout the entire forecast period from 2019 to 2029. It is estimated that the price per unit is continuously rising in all segments. In this regard, the Spices & Culinary Herbs segment achieves the highest value of 30.55 U.S. dollars in 2029.
Data provided by Statista Market Insights are estimates.
Definition:
The Sauces & Spices market covers all substances that are additional ingredients used during the food preparation process. Sauces are defined as liquid or semi-liquid preparations that are used to improve the flavor, texture, and appearance of a dish. Spices are dried seeds, fruits, etc. that are added to food to add taste, scent, and color.
Structure:
The market consists of three different submarkets:
The Tomato Ketchup market covers seasoned sauces most commonly based on tomatoes. It is often used as a condiment for fast food such as burgers and fries.
The Other Sauces market covers other types of sauces other than ketchup, such as mustard, mayonnaise, soy sauce, BBQ sauce, and other emulsified sauces as well as products for preparing sauces, i.e., gravy granules and bouillon cubes.
The Spices and Culinary Herbs market covers salt, spices, and culinary herbs such as pepper, chilis, curry, parsley, rosemary, and thyme.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption, out-of-home consumption is not included.
For more information on the displayed data, click the info button on the right side of each box.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Statista Market Insights. (December 3, 2024). Average price per unit (PPU) in the Sauces & Spices market for different segments Nigeria from 2019 to 2029 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/forecasts/1444246/average-price-per-unit-ppu-sauces-spices-market-for-different-segments-nigeria
Statista Market Insights. "Average price per unit (PPU) in the Sauces & Spices market for different segments Nigeria from 2019 to 2029." Chart. December 3, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/forecasts/1444246/average-price-per-unit-ppu-sauces-spices-market-for-different-segments-nigeria
Statista Market Insights. (2024). Average price per unit (PPU) in the Sauces & Spices market for different segments Nigeria from 2019 to 2029. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/forecasts/1444246/average-price-per-unit-ppu-sauces-spices-market-for-different-segments-nigeria
Statista Market Insights. "Average Price per Unit (Ppu) in The Sauces & Spices Market for Different Segments Nigeria from 2019 to 2029." Statista, Statista Inc., 3 Dec 2024, https://www.statista.com/forecasts/1444246/average-price-per-unit-ppu-sauces-spices-market-for-different-segments-nigeria
Statista Market Insights, Average price per unit (PPU) in the Sauces & Spices market for different segments Nigeria from 2019 to 2029 Statista, https://www.statista.com/forecasts/1444246/average-price-per-unit-ppu-sauces-spices-market-for-different-segments-nigeria (last visited December 22, 2024)
Average price per unit (PPU) in the Sauces & Spices market for different segments Nigeria from 2019 to 2029 [Graph], Statista Market Insights, December 3, 2024. [Online]. Available: https://www.statista.com/forecasts/1444246/average-price-per-unit-ppu-sauces-spices-market-for-different-segments-nigeria