Market Insights Consumer Food Sauces & Spices

Other Sauces - China

China

Revenue in the Other Sauces market amounts to €35.53bn in 2024. The market is expected to grow annually by 8.43% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€35,530m in 2024).
In relation to total population figures, per person revenues of €24.80 are generated in 2024.
In the Other Sauces market, volume is expected to amount to 7.87bn kg by 2029. The Other Sauces market is expected to show a volume growth of 7.6% in 2025.
The average volume per person in the Other Sauces market is expected to amount to 4.1kg in 2024.

Key regions: Russia, United Kingdom, Philippines, Japan, South Korea

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Analyst Opinion

The Other Sauces market in China is experiencing subdued growth due to factors such as increasing competition, changing consumer preferences, and economic uncertainties. Despite these challenges, the market is expected to continue growing, driven by the rising demand for convenience and flavor enhancement in food products.

Customer preferences: The Other Sauces Market within the Sauces & Spices Market is experiencing a rise in demand for healthier options, as consumers become more health-conscious and seek out products with clean labels and natural ingredients. This trend is also influenced by a growing interest in plant-based diets and sustainability, as well as a desire for global flavors and ethnic cuisines. As a result, companies are developing new products that cater to these preferences, such as vegan and organic sauces, and incorporating unique ingredients from different cultures.

Trends in the market: In China, there has been a significant shift towards healthier and more diverse food options, leading to a growing demand for alternative sauces such as soy sauce alternatives, chili sauces, and vegetarian oyster sauces. This trend is driven by consumer awareness of the health benefits of plant-based diets and the increasing popularity of vegetarian and vegan lifestyles. As a result, companies in the Other Sauces Market are investing in new product development to cater to this demand, while also incorporating traditional Chinese flavors to appeal to local consumers. This trend is expected to continue, with potential implications for industry stakeholders such as increased competition and the need for innovation and differentiation strategies.

Local special circumstances: In China, the Other Sauces Market of the Sauces & Spices Market within The Food market is heavily influenced by Chinese cuisine and cooking traditions. The demand for sauces such as soy sauce, oyster sauce, and hoisin sauce is deeply rooted in Chinese culture and plays a significant role in shaping the market. Additionally, regulations and restrictions on imported sauces have led to the development of local sauces using traditional Chinese ingredients, further differentiating the market from others. This unique blend of cultural and regulatory factors drives the dynamics of the Other Sauces Market in China, making it a highly competitive and diverse market.

Underlying macroeconomic factors: The Other Sauces market in China is influenced by various macroeconomic factors, including the country's overall economic growth, government policies, and consumer spending. China's strong economic growth and increasing disposable income have led to a rise in demand for convenience foods, including sauces and spices. Moreover, favorable government policies and investments in the food industry have also contributed to the growth of the Other Sauces market in China. Additionally, the growing trend of international cuisines and the increasing popularity of online food delivery services are also driving the demand for various sauces and spices in the country.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.