World - Mixed Condiments, Sauses and Seasonings - Market Analysis, Forecast, Size, Trends And Insights
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The article highlights the expected growth of the global market for mixed condiments, sauces, and seasonings over the next eight years. With a projected CAGR of +2.9% in volume and +5.2% in value from 2022 to 2030, the market is set to reach 35M tons and $113.3B respectively by the end of 2030. Key consuming countries include China, the United States, and India, while top exporters and importers include China, the United States, and Italy. The article also covers production, imports, and exports trends, along with insights on per capita consumption and average prices in the industry.
Market Forecast
Driven by increasing demand for mixed condiments, sauses and seasonings worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.9% for the period from 2022 to 2030, which is projected to bring the market volume to 35M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +5.2% for the period from 2022 to 2030, which is projected to bring the market value to $113.3B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Mixed Condiments, Sauses and Seasonings
Global mixed condiment, sause and seasoning consumption amounted to 28M tons in 2022, approximately mirroring the year before. The total consumption volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Global consumption peaked in 2022 and is likely to continue growth in years to come.
The value of the market for mixed condiments, sauses and seasonings worldwide expanded to $75.4B in 2022, picking up by 1.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market reached the peak level in 2022 and is expected to retain growth in years to come.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (3.7M tons), the United States (2.7M tons) and India (1.5M tons), together accounting for 28% of global consumption. Indonesia, Japan, the UK, Bangladesh, Pakistan, Russia, Brazil, Germany, Nigeria and Ethiopia lagged somewhat behind, together comprising a further 27%.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Japan (with a CAGR of +6.1%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, China ($8.6B), the United States ($6.6B) and Japan ($4B) appeared to be the countries with the highest levels of market value in 2022, with a combined 25% share of the global market. India, Indonesia, the UK, Bangladesh, Germany, Pakistan, Nigeria, Brazil, Ethiopia and Russia lagged somewhat behind, together comprising a further 28%.
Among the main consuming countries, Bangladesh, with a CAGR of +6.4%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of mixed condiment, sause and seasoning per capita consumption in 2022 were the UK (13 kg per person), the United States (8 kg per person) and Germany (7.9 kg per person).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Japan (with a CAGR of +6.4%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Mixed Condiments, Sauses and Seasonings
In 2022, global mixed condiment, sause and seasoning production totaled 28M tons, flattening at the previous year. The total output volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015 when the production volume increased by 9.9%. Over the period under review, global production hit record highs in 2022 and is expected to retain growth in years to come.
In value terms, mixed condiment, sause and seasoning production contracted to $74.9B in 2022 estimated in export price. Overall, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when the production volume increased by 14% against the previous year. As a result, production reached the peak level of $83.8B, and then dropped in the following year.
Production By Country
The countries with the highest volumes of production in 2022 were China (4.3M tons), the United States (2.4M tons) and India (1.5M tons), together accounting for 29% of global production. Indonesia, Japan, Pakistan, Bangladesh, Russia, Germany, Brazil, the UK, Nigeria and Italy lagged somewhat behind, together comprising a further 27%.
From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +15.0%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Mixed Condiments, Sauses and Seasonings
In 2022, the amount of mixed condiments, sauses and seasonings imported worldwide expanded modestly to 5.1M tons, picking up by 4.7% compared with the year before. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.1% against 2012 indices. The growth pace was the most rapid in 2013 with an increase of 15% against the previous year. Global imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, mixed condiment, sause and seasoning imports rose remarkably to $13.7B in 2022. Overall, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.6% against 2015 indices. The pace of growth appeared the most rapid in 2013 with an increase of 16% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.
Imports By Country
In 2022, the United States (805K tons), distantly followed by the UK (341K tons) represented the key importers of mixed condiments, sauses and seasonings, together comprising 22% of total imports. France (224K tons), Germany (215K tons), Canada (206K tons), the Netherlands (177K tons), Hong Kong SAR (137K tons), South Korea (118K tons), Australia (116K tons), Japan (106K tons), the Philippines (97K tons), Russia (94K tons) and Mexico (89K tons) followed a long way behind the leaders.
The United States was also the fastest-growing in terms of the mixed condiments, sauses and seasonings imports, with a CAGR of +8.0% from 2012 to 2022. At the same time, Hong Kong SAR (+7.6%), the Philippines (+7.2%), Russia (+6.2%), Canada (+5.3%), Germany (+5.1%), France (+5.0%), the Netherlands (+5.0%), Mexico (+3.7%), South Korea (+3.4%) and the UK (+2.7%) displayed positive paces of growth. Japan and Australia experienced a relatively flat trend pattern. The United States (+3.4 p.p.) significantly strengthened its position in terms of the global imports, while Australia and the UK saw its share reduced by -1.7% and -2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($1.7B) constitutes the largest market for imported mixed condiments, sauses and seasonings worldwide, comprising 13% of global imports. The second position in the ranking was held by the UK ($859M), with a 6.3% share of global imports. It was followed by Canada, with a 4.9% share.
From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +8.7%. In the other countries, the average annual rates were as follows: the UK (+4.3% per year) and Canada (+7.7% per year).
Import Prices By Country
The average import price for mixed condiments, sauses and seasonings stood at $2,691 per ton in 2022, increasing by 3.5% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 5.5%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($3,886 per ton), while the Philippines ($2,069 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.3%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Mixed Condiments, Sauses and Seasonings
For the eleventh year in a row, the global market recorded growth in overseas shipments of mixed condiments, sauses and seasonings, which increased by 4.1% to 5.2M tons in 2022. In general, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.5% against 2012 indices. The pace of growth was the most pronounced in 2021 when exports increased by 12% against the previous year. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, mixed condiment, sause and seasoning exports rose notably to $14.7B in 2022. Over the period under review, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.0% against 2014 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 17%. Over the period under review, the global exports reached the peak figure in 2022 and are likely to see steady growth in years to come.
Exports By Country
In 2022, China (600K tons), the United States (575K tons), Thailand (402K tons), Italy (351K tons), the Netherlands (292K tons), Germany (264K tons), Belgium (261K tons), Mexico (200K tons), Poland (166K tons), Spain (158K tons), the UK (145K tons) and Canada (128K tons) represented the main exporter of mixed condiments, sauses and seasonings in the world, achieving 68% of total export. South Korea (110K tons) followed a long way behind the leaders.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Italy (with a CAGR of +13.3%), while the other global leaders experienced more modest paces of growth.
In value terms, China ($2.1B), the United States ($1.6B) and Italy ($1.2B) constituted the countries with the highest levels of exports in 2022, with a combined 33% share of global exports.
In terms of the main exporting countries, China, with a CAGR of +13.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
In 2022, the average export price for mixed condiments, sauses and seasonings amounted to $2,837 per ton, growing by 2.9% against the previous year. Over the period under review, the export price continues to indicate slight growth. The most prominent rate of growth was recorded in 2018 an increase of 4.9%. The global export price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($3,591 per ton), while Thailand ($2,101 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for mixed condiment, sause and seasoning. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10841270 - Sauces and preparations therefor, mixed condiments and mixed seasonings (excluding soya sauce, tomato ketchup, o ther tomato sauces, mustard flour or meal and prepared mustard)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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