Sauces & Spices - EMEA

EMEA

Highlights

Revenue in the Sauces & Condiments market amounts to US$71.70bn in 2024. The market is expected to grow annually by 6.87% (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$29.36 are generated in 2024.
In the Sauces & Condiments market, volume is expected to amount to 15.36bn kg by 2029. The Sauces & Condiments market is expected to show a volume growth of 3.1% in 2025.0.
The average volume per person in the Sauces & Condiments market is expected to amount to 5.5kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Sauces & Spices market in the EMEA region has seen modest growth due to factors such as increasing consumer preference for natural and healthy ingredients, rising demand for ethnic and exotic flavors, and convenience of online shopping. However, the market is facing challenges from high competition and changing consumer preferences for homemade sauces and spices.

Customer preferences: With the rise of global travel and exposure to diverse cuisines, consumers in EMEA are increasingly seeking out unique and authentic flavors in their food. This has led to a surge in demand for sauces and spices that offer a taste of different cultures and regions. Additionally, the growing trend of home cooking and DIY meals has sparked a desire for convenient and versatile seasoning options. As a result, companies in the Sauces & Spices Market are innovating and expanding their product offerings to cater to these evolving consumer preferences.

Trends in the market: In EMEA, the Sauces & Spices Market within The Food market is experiencing a surge in demand for organic and natural products, as consumers are becoming more health-conscious. This trend is expected to continue as consumers prioritize clean label and sustainable options. Additionally, there is a growing interest in global flavors and exotic spices as consumers become more adventurous in their food choices. These trends present opportunities for industry players to innovate and cater to evolving consumer preferences. However, with the rise of e-commerce and direct-to-consumer models, traditional retailers may face challenges in maintaining their market share.

Local special circumstances: In the EMEA region, the market for Sauces & Spices is heavily influenced by the diverse culinary traditions and preferences of each country. In Europe, for example, the use of fresh, locally-sourced ingredients is highly valued, leading to a demand for natural and organic sauces and spices. In the Middle East, the market is driven by the popularity of traditional spices and condiments, such as za'atar and sumac, used in popular dishes like shawarma and falafel. These regional differences in taste and preference shape the product offerings and marketing strategies of companies operating in the Sauces & Spices market in EMEA.

Underlying macroeconomic factors: The Sauces & Spices Market within The Food market is influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other financial indicators. Countries with stable economies and favorable fiscal policies are expected to experience higher market growth due to increased consumer spending and investment in the food industry. Additionally, the growing demand for convenient and flavorful food options, especially in emerging markets, is expected to drive the growth of the Sauces & Spices Market. However, economic uncertainty and trade tensions between countries can negatively impact market performance and hinder the growth of the market.

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.