Sauces & Spices - CIS | Statista Market Forecast

Revenue in the Sauces & Condiments market amounts to US$8.77bn in 2024. The market is expected to grow annually by 7.85% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$46bn in 2024).
In relation to total population figures, per person revenues of US$36.14 are generated in 2024.
In the Sauces & Condiments market, volume is expected to amount to 2.27bn kg by 2029. The Sauces & Condiments market is expected to show a volume growth of 3.3% in 2025.0.
The average volume per person in the Sauces & Condiments market is expected to amount to 8.1kg in 2024.

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.

Ketchup
Sauces
Seasonings
Spices and herbs

Vegetable Oils
Out-of-home consumption

The Food market in CIS is witnessing moderate growth in the Sauces & Spices segment, attributed to factors such as the growing popularity of international cuisines, increasing health consciousness, and the convenience of online shopping. However, the subdued growth rate can be attributed to the limited availability of high-quality ingredients and fluctuating prices of raw materials. These factors are expected to impact the overall market growth in the coming years.

Customer preferences: As consumers become more health-conscious, there is a growing demand for natural and organic sauces and spices. This trend is driven by a desire for clean and transparent ingredient lists, as well as a focus on sustainability and ethical sourcing. Additionally, with the rise of food delivery services, there is a growing preference for exotic and international flavors, leading to an increase in demand for global sauces and spices.

Trends in the market: In the CIS and Sauces & Spices Market within The Food market, there is a rising demand for natural and organic products, driven by increasing consumer awareness and health consciousness. This trend is expected to continue as consumers seek out healthier and more sustainable food options. Additionally, there is a growing popularity of ethnic and global flavors, leading to a surge in demand for exotic spices and sauces. Industry stakeholders should capitalize on these trends by expanding their product offerings and investing in innovative marketing strategies to cater to changing consumer preferences.

Local special circumstances: In the CIS region, the Sauces & Spices Market within The Food market is heavily influenced by the region's diverse culinary traditions and preferences. The use of local herbs and spices is deeply ingrained in the culture and cuisine, resulting in a wide range of unique and flavorful sauces and spice blends. Additionally, varying regulations and trade policies within the countries that make up the CIS can impact the availability and cost of certain ingredients, further shaping the market dynamics.

Underlying macroeconomic factors: The Sauces & Spices market in the CIS region is heavily influenced by macroeconomic factors such as consumer spending power, trade policies, and changes in agricultural production. Countries with stable economic conditions and favorable trade agreements are expected to experience growth in the market due to increased availability of raw materials and improved distribution channels. Additionally, rising health consciousness among consumers and the trend towards global flavor fusion are also driving the demand for sauces and spices in the region.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.