Over the last two observations, the revenue is forecast to significantly increase in all segments. This reflects the overall trend throughout the entire forecast period from 2019 to 2029. It is estimated that the indicator is continuously rising in all segments. In this regard, the Other Sauces segment achieves the highest value of 56.84 billion U.S. dollars in 2029.
Data provided by Statista Market Insights are estimates.
Definition:
The Sauces & Spices segment 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 segment consists of three different subsegments:
The Tomato Ketchup segment 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 segment 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 segment 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.
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Statista Market Insights. (June 18, 2024). Revenue in the Sauces & Spices market for different segments China from 2019 to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 28, 2024, from https://www.statista.com/forecasts/1444357/revenue-sauces-spices-market-for-different-segments-china
Statista Market Insights. "Revenue in the Sauces & Spices market for different segments China from 2019 to 2029 (in billion U.S. dollars)." Chart. June 18, 2024. Statista. Accessed September 28, 2024. https://www.statista.com/forecasts/1444357/revenue-sauces-spices-market-for-different-segments-china
Statista Market Insights. (2024). Revenue in the Sauces & Spices market for different segments China from 2019 to 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 28, 2024. https://www.statista.com/forecasts/1444357/revenue-sauces-spices-market-for-different-segments-china
Statista Market Insights. "Revenue in The Sauces & Spices Market for Different Segments China from 2019 to 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 18 Jun 2024, https://www.statista.com/forecasts/1444357/revenue-sauces-spices-market-for-different-segments-china
Statista Market Insights, Revenue in the Sauces & Spices market for different segments China from 2019 to 2029 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1444357/revenue-sauces-spices-market-for-different-segments-china (last visited September 28, 2024)
Revenue in the Sauces & Spices market for different segments China from 2019 to 2029 (in billion U.S. dollars) [Graph], Statista Market Insights, June 18, 2024. [Online]. Available: https://www.statista.com/forecasts/1444357/revenue-sauces-spices-market-for-different-segments-china