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Sauces & Spices - Western Asia

Western Asia
  • Revenue in the Sauces & Condiments market amounts to US$6.91bn in 2024. The market is expected to grow annually by 6.22% (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$31.06 are generated in 2024.
  • In the Sauces & Condiments market, volume is expected to amount to 1.52bn kg by 2029. The Sauces & Condiments market is expected to show a volume growth of 3.6% in 2025.0.
  • The average volume per person in the Sauces & Condiments market is expected to amount to 5.9kg 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 Western Asia has been experiencing steady growth, driven by factors such as increasing consumer interest in healthy and flavorful food options, rising demand for convenience in cooking, and the availability of a variety of online options for purchasing these products. However, the market is facing challenges due to minimal growth rates, which can be attributed to factors such as high competition, fluctuating prices of raw materials, and changing consumer preferences.

    Customer preferences:
    As consumers become more health-conscious and seek out natural and organic food options, the Sauces & Spices Market within The Food market has seen a rise in demand for clean label products. This trend is driven by a growing awareness of the potential health risks associated with artificial ingredients and additives. Additionally, there has been a shift towards more global and diverse flavors, reflecting the increasing multiculturalism and travel experiences of consumers. This has led to a demand for authentic and traditional sauces and spices from different regions of the world.

    Trends in the market:
    In Western Asia, the Sauces & Spices market is experiencing a shift towards healthier and more diverse options. Consumers are increasingly seeking out all-natural, organic, and gluten-free products, as well as exploring new flavors and ingredients. This trend has been driven by increasing health consciousness and a desire for variety in cuisines. Industry stakeholders can capitalize on this trend by offering a wider range of products to cater to these demands. Additionally, the rise of e-commerce and online grocery shopping in the region presents an opportunity for brands to reach a larger customer base and expand their market share.

    Local special circumstances:
    In Western Asia, the Sauces & Spices Market within The Food market is heavily influenced by the rich culinary traditions and diverse cultural influences of the region. This has led to a wide variety of unique and flavorful sauces and spices being produced and consumed. Additionally, the region's strict dietary laws and regulations have shaped the market, with demand for halal and kosher certified products on the rise. Moreover, the growing health consciousness among consumers has led to a demand for all-natural and organic sauces and spices, driving the market towards healthier and more sustainable options.

    Underlying macroeconomic factors:
    The Sauces & Spices Market within The Food market is heavily impacted by macroeconomic factors such as consumer spending patterns, import/export regulations, and overall economic stability. Countries with strong economic growth and stable trade policies tend to have a higher demand for sauces & spices, while regions with economic uncertainty and strict trade regulations may experience slower market growth. Additionally, governmental policies, such as tariffs and taxes, can significantly impact the cost of production and distribution of sauces & spices, ultimately affecting market performance.

    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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