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Other Sauces - Southern Asia

Southern Asia
  • Revenue in the Other Sauces market amounts to US$35.18bn in 2024. The market is expected to grow annually by 8.29% (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$18.37 are generated in 2024.
  • In the Other Sauces market, volume is expected to amount to 15.49bn kg by 2029. The Other Sauces market is expected to show a volume growth of 5.1% in 2025.0.
  • The average volume per person in the Other Sauces market is expected to amount to 6.7kg 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.

For more information on the displayed data, click the info button on the right side of each box.

In-Scope

  • 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

Out-Of-Scope

  • Tomato ketchup
  • Tomato sauces
  • Out-of-home consumption

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 Other Sauces Market in Southern Asia is experiencing subdued growth due to factors such as limited consumer awareness and preference for traditional cooking methods. However, the convenience of online shopping and increasing health consciousness among consumers may lead to potential growth in the future.

Customer preferences:
As consumers in Southern Asia become more health-conscious, there has been a growing demand for healthier and more natural options in the Other Sauces Market of the Sauces & Spices Market within The Food market. This trend is also influenced by cultural preferences for traditional and homemade sauces, leading to a rise in demand for artisanal and locally-sourced products. Additionally, the increasing popularity of vegan and plant-based diets in the region has also led to a surge in demand for plant-based sauces and condiments.

Trends in the market:
In Southern Asia, the Other Sauces Market is experiencing a surge in demand for plant-based and healthier options. This trend is being driven by a growing health-conscious population and a rise in vegetarian and vegan diets. As a result, there is an increasing availability of plant-based sauces and condiments, as well as a shift towards cleaner and simpler ingredient lists. This trend is expected to continue, as health and wellness continue to be major concerns for consumers. Industry players are adapting to this trend by launching new products and promoting transparency in their sourcing and production processes. This presents opportunities for growth and innovation in the Other Sauces Market in Southern Asia.

Local special circumstances:
In the Other Sauces Market of the Sauces & Spices Market within The Food market, the unique local factors in Southern Asia play a significant role in shaping market dynamics. For instance, the use of local herbs and spices in sauces is driven by the region's rich cultural heritage and diverse culinary traditions. Moreover, government regulations and trade policies on import and export of ingredients also impact the market. In countries like India and Thailand, sauces are an integral part of everyday cooking, leading to a high demand for local and authentic products. This trend is further influenced by the growing popularity of Asian cuisine globally.

Underlying macroeconomic factors:
The growth of the Other Sauces Market within the Sauces & Spices Market is influenced by macroeconomic factors such as changing consumer preferences, increasing disposable income, and rapid urbanization. Countries with a growing middle class and a strong economy are experiencing a rise in demand for convenience foods, including sauces and condiments. Additionally, government initiatives to promote foreign investments and improve agricultural productivity are expected to drive the growth of the market in these regions. However, political instability, trade disputes, and high import duties may hinder the growth of the market in some countries.

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.

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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