U.S. Sauces Market Accelerates To Hit USD $22.4 Billion By 2025 | CAGR: 3.3%

 Owing to globalization, people across the world are becoming more and more open towards trying new things, especially when it comes to food items. The popularity of ethnic cuisines, majorly in the U.S., has been increasing rapidly. The younger generation primarily is not afraid to experiment with new experiences. Ethnic cuisines such as Mexican, Indian Chinese, Greek, Japanese, and Italian make wide usage of sauces, owing to which, the U.S. sauces market is predicted to advance at a considerable pace in the years to come.

The disposable income of people in the country is growing as well, ascribed to which, they are able to spend more money on ethnic food items. In addition to this, with the daily routine becoming increasingly stressful and hectic, a larger number of people prefer ready-to-eat food rather than cooking themselves. The growth of the corporate sector has resulted in longer working hours and a busier lifestyle, therefore, food that is easy to prepare in in high demand in the U.S. Sauces are an important part of such food items, as they aid in enhancing the taste of meals in a limited amount of time.

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The U.S. sauces market is projected to generate a revenue of $22.4 billion by 2024, increasing from $18.6 billion in 2018, and is predicted to advance at a 3.3% CAGR during the forecast period (2019–2024). On the basis of type, the market is divided into dips, table sauces, and cooking sauces. Out of these, the table sauce division dominated the market in 2018 due to the changing food preference. The division is further classified into oyster sauce, horseradish sauce, schezwan sauce, mustard sauce, chili sauce, barbecue sauce, soy sauce, tomato sauce, and mayonnaise. 

In conclusion, the demand for sauces in the U.S. is growing because of the busier schedule of people, increasing disposable income, rising preference for ethnic foods, and increasing demand for organic and natural products.

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U.S. Sauces Market Segmentation

Market Segmentation by Type

  • Table Sauces
    • Mayonnaise
    • Tomato Sauce
    • Soy Sauce
    • Barbecue Sauce
    • Chili Sauce
    • Mustard Sauce
    • Schezwan Sauce
    • Horseradish Sauce
    • Oyster Sauce
    • Others (vinaigrette, Worcestershire/steak sauce, cocktail sauce, fish sauce, and curry sauce)
  • Cooking Sauces
    • Wet Sauces
    • Dry Sauces/Powder Mixes
  • Dips

Market Segmentation by Distribution Channel

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online
  • Specialist Stores
  • Others (discount stores, health and beauty specialist retailers, forecourt retailers, and independent small grocers)

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