Other Sauces - Philippines | Statista Market Forecast

Revenue in the Other Sauces market amounts to US$1.73bn in 2024. The market is expected to grow annually by 6.78% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$38bn in 2024).
In relation to total population figures, per person revenues of US$14.54 are generated in 2024.
In the Other Sauces market, volume is expected to amount to 498.90m kg by 2029. The Other Sauces market is expected to show a volume growth of 4.1% in 2025.0.
The average volume per person in the Other Sauces market is expected to amount to 3.5kg in 2024.

Definition:

The Other Sauces market covers different types of sauces, excluding ketchup, that are used to improve the flavor, texture, and appearance of a dish. Examples include mustard, mayonnaise, soy sauce, BBQ sauce, and other emulsified sauces as well as products for preparing sauces, i.e., gravy granules and bouillon cubes.

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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Soya sauce
Mayonnaise
Mustard
Pre-mixed sauces, hot sauce
Seasoning sauce, Worcestershire sauce
Barbecue sauce, teriyaki sauce
Hoisin sauce, oyster sauce, fish sauce, peanut sauce
Chili sauce, pesto sauce, sriracha sauce, remoulade sauce, ponzu sauce

Tomato ketchup
Tomato sauces
Out-of-home consumption

The Other Sauces Market in Philippines is experiencing minimal growth, influenced by factors such as increasing demand for convenience and rising health consciousness. The market growth rate is impacted by changing consumer preferences and the availability of alternative products.

Customer preferences: As in the previous paragraph, consumers in the Philippines are gravitating towards healthier food options, leading to a growing demand for plant-based sauces and condiments. This trend is fueled by an increasing awareness of the benefits of a plant-based diet and a growing concern for the environment. Additionally, with the rise of e-commerce and online shopping, consumers are also exploring new and exotic flavors from different cultures, driving the demand for international sauces and spices.

Trends in the market: In the Philippines, the Other Sauces Market within the Sauces & Spices Market of The Food market is seeing a growing demand for healthier and more natural ingredients, as consumers become more health-conscious. This trend is driven by the rising prevalence of lifestyle diseases and the increasing awareness of the benefits of a balanced diet. To capitalize on this trend, companies are investing in research and development to create clean label and all-natural sauces. This shift towards healthier options is expected to continue, presenting opportunities for industry players to innovate and tap into the growing market for healthier sauces.

Local special circumstances: In the Philippines, the Other Sauces Market is heavily influenced by the country's diverse culinary culture. With a mix of Malay, Chinese, Spanish, and American influences, the demand for unique and flavorful sauces is high. Additionally, the government's strict regulations on food safety and labeling have a significant impact on the market's dynamics, as manufacturers must ensure compliance to enter the market. Furthermore, the country's archipelagic geography poses a challenge for distribution, leading to a higher demand for locally sourced and produced sauces.

Underlying macroeconomic factors: The Other Sauces Market in the Philippines is impacted by various macroeconomic factors, including global economic trends, national economic health, and fiscal policies. The country's strong economic growth and stable political environment have attracted foreign investors, leading to increased investment in the food industry. Furthermore, the rising disposable income and changing consumer preferences towards convenience and international cuisines are driving the demand for convenience foods and sauces, including other sauces. However, challenges such as inflation, increasing competition, and the high cost of imported ingredients may hinder market growth.

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.