U.S. Sauces Market Analysis by Distribution Channel, Type, Regional Insight, Size, Share Analysis and Forecast to 2024
The U.S. sauces market is expected to reach $22.4 billion by 2024, registering a CAGR of 3.3%, during the forecast period. The market growth market can be attributed to increasing popularity of ethnic cuisines, busy lifestyle and rising disposable income of the populace, and changing consumer preferences toward healthier and unique flavor products in the country according to P&S Intelligence. Market Segments Based on table sauces, U.S. sauces market is categorized into mayonnaise, tomato sauce, soy sauce, barbecue sauce, chili sauce, mustard sauce, schezwan sauce, horseradish sauce, oyster sauce, and others, wherein ‘others’ include vinaigrette, Worcestershire/steak sauce, cocktail sauce, fish sauce, and curry sauce. Among these, mayonnaise category held largest share in the market. The growing popularity of fast-food and salads as well as growing demand from youth population for more snack foods resulted in an increased consumption of mayonnaise across the country,...