Table Sauce Market to Reach $13,352.9 Million, Globally, by 2030 with a 5.5% CAGR

The global table sauce market size was valued at $7,817.4 million in 2020, and is projected to reach $13,352.9 million by 2030, registering a CAGR of 5.5%. Asia-Pacific was the highest revenue contributor, accounting for $3,162.1 million in 2020.

The popularity of vegan diets as a lifestyle choice is growing tremendously among consumers owing to health, environmental, and ethical reasons. As a result, dairy-alternative table sauces produced using plant-based ingredients has gained tremendous popularity.

Consumers look for specific functions in these food products that enable to make it a part of their lifestyle such as energy boosting, protein supplement and on-the-go snack. These factors are anticipated to collectively contribute toward the growth of table sauce market trends.

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The market growth is propelled by the inclination towards healthy food products that offer healthfulness. Table sauces offer a portable, convenient, and inventive way to consume on-the-go healthy food products, generally with premium, indulgent and exotic products.

Table sauces refer to a preparation that is added to food, typically after cooking, to impart a specific flavour, to enhance the flavour, or to complement the dish. Certain sauces are using prior to serving while some are used during cooking.

They have become a part of the daily diet across countries, hence generating high their demand.
Globalization and increase in travel have persuaded people to experience new tastes and cultures. This cross-cultural interaction has led to a widespread adoption of foreign foods and table sauces, especially in the emerging countries, which acts as one of the major driving forces of the sauces industry.

Furthermore, with growing health consciousness among consumers, the demand for "clean", "free from" and "natural" table sauces has gained high traction. Manufacturers are thereby introducing table sauces using natural ingredients that are minimally processed.

Furthermore, the popularity of vegan diets as a lifestyle choice is growing tremendously among consumers owing to health, environmental, and ethical reasons. As a result, plant-based table sauces are gaining substantial recognition.

This offers great potential and opportunity for manufacturers to introduce novel table sauces for market growth and expansion.

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Region wise, Asia-Pacific was the prominent region in 2020 due to tremendous popularity and substantial consumption of table sauces in the region. This was due to the increase in demand for convenient food and meat products as well as rise in the number fast food outlets in the Asia-Pacific region.

In addition, this region is one of the largest producers and consumers of table sauce and its products. However, North America is expected to witness a significant CAGR, owing to the increasing interest of people in various foreign and ethnic cuisines, long shelf life, preference for healthy food such as salads with various dressings and gluten-free sauces.

The key players profiled in this report include ConAgra Brands, Inc, Encona Sauces, Everest Beverages & Food Industries Private Limited, Hain Celestial Group, Inc, Levi Roots Reggae Reggae Foods Ltd, McCormick & Company, Inc, Nestle S.A, Quattro Foods, The Great British Sauce Company, and The Kraft Heinz Company.

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