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Sauces & Spices - Dominican Republic

Dominican Republic
  • Revenue in the Sauces & Condiments market amounts to US$746.70m in 2024. The market is expected to grow annually by 9.31% (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$65.30 are generated in 2024.
  • In the Sauces & Condiments market, volume is expected to amount to 134.60m kg by 2029. The Sauces & Condiments market is expected to show a volume growth of 5.1% in 2025.0.
  • The average volume per person in the Sauces & Condiments market is expected to amount to 9.9kg 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.

In-Scope

  • Ketchup
  • Sauces
  • Seasonings
  • Spices and herbs

Out-Of-Scope

  • Vegetable Oils
  • Out-of-home consumption
Sauces & Spices: market data & analysis - Cover

Market Insights report

Sauces & Spices: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Volume

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Price

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: Nov 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Sauces & Spices Market in the Dominican Republic is experiencing subdued growth, influenced by factors such as increasing health consciousness and the convenience of online services. The market is also impacted by the sub-markets of Tomato Ketchup, Other Sauces, and Spices & Culinary Herbs, each with their own unique growth drivers and challenges. As a result, the overall market is expected to continue its slow but steady growth rate in the coming years.

    Customer preferences:
    As consumers become more health-conscious and prioritize natural and organic products, the Sauces & Spices Market within The Food market is seeing a growth in demand for clean label and non-GMO options. Additionally, there is a rising interest in global flavors and ethnic cuisines, leading to an increase in the use of authentic herbs and spices. This trend is driven by a growing appreciation for diverse cultures and a desire for bold and unique flavors in cooking.

    Trends in the market:
    In Dominican Republic, the Sauces & Spices Market within The Food market is experiencing a surge in demand for natural and organic products. This trend is driven by increasing consumer awareness of the health benefits of using natural ingredients. Additionally, there is a growing focus on incorporating local and traditional flavors into sauces and spices. This trend is expected to continue, as consumers seek out unique and authentic flavors. This presents opportunities for industry stakeholders to diversify their product offerings and cater to the evolving preferences of consumers.

    Local special circumstances:
    In Dominican Republic, the Sauces & Spices market is heavily influenced by the country's rich culinary heritage and vibrant food culture. The use of locally grown herbs and spices, such as achiote and oregano, adds distinct flavors to traditional dishes like sancocho and mofongo. Additionally, the country's tropical climate allows for the cultivation of a wide variety of spices, making it a leading producer in the Caribbean region. Government regulations, such as strict labeling laws, also play a role in shaping the market and ensuring food safety for consumers.

    Underlying macroeconomic factors:
    The Sauces & Spices Market within The Food market in the Dominican Republic is greatly influenced by macroeconomic factors such as government policies, global trade patterns, and consumer purchasing power. The country's strong economic growth, stable political environment, and favorable trade agreements have fostered a positive climate for market growth. Additionally, the increasing urbanization and changing consumer lifestyles have boosted demand for convenient and flavorful food options, leading to a rise in the consumption of sauces and spices. However, challenges such as rising inflation rates and income inequality could potentially impact the market's performance in the future.

    Methodology

    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.

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    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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