Sauces Market Share, Size, Industry Demand, Key Players Review and Forecast to 2024

Market Overview

The tomato sauce segment is evaluated to increase at higher rate based on rising consumer’s preference towards prominent sour and sweet flavors. Based on the specialty food-type amongst the sauces, the share held by low-carb sauces is found to escalate due to the less calorie imparted by the product into the body. Based on the packaging, squeeze bottles is found to be dominating the segment. The application of Sauces in ready-to-eat meals holds a major and prominent share followed by application in pasta and noodles.

Sauces are defined as the fluid or semi-solid paste used as a condiment across the food industries. Sauces are mainly used as a food additive as it enhances the flavor. Sauces are also used as dips and toppings and is popular amongst all the regions for its rich taste. Sauces are low in sodium and saturated fat which adds to the nutritional value of the product. The increasing consumption of flavor enhancers have increased the popularity of sauces during the forecast period.

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Major Key Players

The key players profiled in the Global Sauces Industry are the key players profiled in the Global Sauces Market are ConAgra Food (U.S.), Nestle SA (Switzerland), Kraft Foods Inc.  (U.S.), Mars, Incorporated (U.S.), General Mills, Inc. (U.S.), Unilever Plc. (U.K.), Hormel Foods Corporation (U.S.), The Kroger Company (U.S.)

Industry Segments

Sauces has been segmented on the basis of specialty food-type which comprises Kosher, Gluten-Free, Vegan, Low-Carb, Low-Fat, Others. Low-Carb Sauces holds a lion’s share based on increasing health consciousness amongst the consumers.

Global Sauces Market has been segmented on the basis of packaging which comprises Glass Bottles, Squeeze Bottles, Sachets, Jars, Others. Squeeze Bottles are found to hold a major share amongst the given packaging type.

Regional Analysis

The Major importers of Sauces include U.K., Canada, France, Germany and U.S. Based on the increasing consumption of food preparations with accompaniments, the import and export in the developed countries is found to rise at a steady growth rate.

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