The Barbecue Sauce Market is being driven by Increasing preference for convenience in cooking
The Barbecue Sauce Market is expected to grow at a CAGR of 4.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1577.9 million. The global barbecue sauce market is poised for significant expansion due to the increasing retail space and growing consumer trends. Primary distribution channels include supermarkets and hypermarkets, convenience stores, and discount retailers. Notably, online sales are gaining traction, with Eurostat data indicating a 20 percentage point increase in EU online shoppers from 55% in 2012 to 75% in 2022, representing a substantial growth opportunity for market participants.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
199 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.9% |
Market growth 2025-2029 |
USD 1577.9 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
4.6 |
Key countries |
US, Germany, UK, France, China, Canada, Brazil, Japan, India, and UAE |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Barbecue Sauce Market encompasses a variety of products used to enhance the flavor of Grilled Meats and Veggies during Grilling and Barbecuing. These Ready-to-Use Items come in both Liquid Form and Paste Form, catering to diverse tastes such as Sweet, Sour, and Salty. Organic Products and Fusion Cuisine have gained popularity, offering Chemical-Free Food Products. Barbecue Sauce functions as a Marinade, Condiment, and Topping for Meat Cooked Products like Beef Ribs, Chicken, and Pork. Innovations include Blueberry BBQ Sauce, Plum Sauce, and Home-made Marinades. Organic Barbecue Sauce and Flavoring Ingredients complete the market landscape.
The global packaged foods and meats market encompasses vendors engaged in food processing to ensure food safety and increase product longevity. According to Technavio, the market's size is determined by the consolidated revenue of the participating businesses. This market scope excludes food processing equipment manufacturers and packaged beverage producers, including alcoholic and non-alcoholic beverages. Factors propelling the market's expansion include the health benefits linked to minimally processed foods, such as grilled meats and vegetables, which are rich in essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C. The growing popularity of organic products and fusion cuisine, which often incorporate barbecuing and grilling techniques, further bolsters market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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