Market Overview: The global sauces market is projected to grow by USD 31.07 billion from 2023 to 2028, with a compound annual growth rate (CAGR) of 5.5%. This growth is driven by several factors, including the increasing popularity of ethnic cuisines, the rising demand for convenience foods, and innovations in product development. The penetration of internet platforms has also made sauces more accessible to consumers, contributing to wider product availability and increased consumer exploration of options.
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Asia Pacific (APAC): APAC is expected to contribute 36% to global market growth during the forecast period. Key markets include:
North America:
Europe:
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