Various product segments growth in the global sauces market.

The global sauces market is expected to grow at a CAGR of 4.25% during the forecast period. Based on the product, the global sauces market has been segmented into table sauces, culinary sauces, and others.

Growing demand for quick food recipes among consumers is expected to drive the market for table sauces, particularly ketchup. The increasing popularity of hot and spicy sauces is a notable trend in the table sauces segment. The emerging categories in the table sauces segment include a variety of hot sauces, chili peppers, and smoky flavors and a combination of sweet and spicy flavors. Ketchup is one of the most consumed sauces, particularly in APAC countries such as India, China, and Japan.

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Rapidly growing quick service restaurants (QSR) is likely to boost the table sauces segment globally. QSR sales have been increasing over the last few years, with consumers from developing and developed economies opting for restaurants with a value-based menu and quick service. Therefore, the growing number of QSR is expected to drive the sales in the table sauces segment of the global sauces market during the forecast period.