Food Report 2020 –

Sauces & Spices

Statista Consumer Market Outlook – Segment Report

July 2020
In 2019, worldwide Sauces & Spices sales amounted
to US$178 billion
Sauces & Spices: overview and sales figures

Worldwide revenue in billion US$ Segment overview

The segment Sauces & Spices accounted for 3% of the Food revenue
and 2% of volume sales in 2019.
228 In 2019, Sauces & Spices sales increased by 3.3% in comparison to 2018
219
209 and reached US$178 billion and 49.59 billion kg.
+3.6%1 199
189 In the Sauces & Spices segment, Norway (US$115) and Switzerland
178 179 (US$102) had the highest annual revenue per capita in 2019.
172
165
159
152 156
143 147

US$178bn +3.1%
in 2019 CAGR1 2012-2019
Revenues

49.59bn kg -0.3%
in 2019 CAGR1 2012-2019
Volume sales
2012 2014 2016 2018 2020 2022 2024

1: CAGR: Compound Annual Growth Rate / average growth rate per year
2 Source: Statista Consumer Market Outlook 2020
The worldwide Sauces & Spices segment is expected
to reach US$179 billion in 2020
Sauces & Spices: COVID-19 impact

Worldwide Sauces & Spices revenue in billion US$

Pre COVID-19 Post COVID-19
228

219 228

219
209

200 209

192 199

184
189
178
172 178 179
165 172
165

2017 2018 2019 2020 2021 2022 2023 2024 2025

3 Source: Statista Consumer Market Outlook 2020

In 2019, Norway and Switzerland spent the most on
Sauces & Spices
Sauces & Spices: regional comparison (1/2)

Per-capita revenue in US$ in 2019

US$1 US$115 Out of scope

115

4 Source: Statista Consumer Market Outlook 2020

In 2019, Norwegians spent an average of US$115 on
Sauces & Spices
Sauces & Spices: regional comparison (2/2)

Top-10 per-capita revenue in US$ in 2019

Norway 115

Switzerland 102

Japan 102

Hong Kong 94

Iceland 93

Qatar 90

Denmark 87

Sweden 86

South Korea 83

United States 80

5 Source: Statista Consumer Market Outlook 2020

Other Sauces generates the most revenue within the
Sauces & Spices segment
Sauces & Spices: revenue and growth by subsegment

Worldwide revenue in billion US$

Other Sauces Spices & Culinary Herbs Tomato Ketchup

227.7
+4.2%1
14%

177.7
19%
15%

21%

66%
64%

2019 2025

1: CAGR: Compound Annual Growth Rate / average growth rate per year
6 Source: Statista Consumer Market Outlook 2020
Sauces & Spices sales in Europe will increase at a
CAGR1 of 1.7% from 2012 to 2025
Sauces & Spices: KPI comparison (1/2)

Revenue in billion US$

Europe

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 CAGR1

Food total 1,472.1 1,489.6 1,498.1 1,499.6 1,515.5 1,547.9 1,577.2 1,604.4 1,683.2 1,683.3 1,699.1 1,729.2 1769.7 1,808.5 1.6%

Sauces & Spices 31.1 31.5 31.7 31.8 32.1 32.9 33.5 34.1 33.2 34.7 35.9 36.9 37.7 38.5 1.7%

Share of total market

2.1 2.1 2.1 2.1 2.1 2.1 2.1 2.1 2.0 2.1 2.1 2.1 2.1 2.1 0.1%
(in %)

United States

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 CAGR1

Food total 721.0 732.7 744.7 752.4 779.4 800.5 836.0 860.4 924.4 927.6 938.2 957.4 984.2 1,011.1 2.6%

Sauces & Spices 22.0 22.4 22.7 23.0 23.8 24.4 25.5 26.3 27.3 27.9 28.6 29.3 30.2 31.0 2.7%

Share of total market

3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.0 3.0 3.0 3.1 3.1 3.1 0.0%
(in %)

1: CAGR: Compound Annual Growth Rate / average growth rate per year from 2012 to 2025
7 Source: Statista Consumer Market Outlook 2020
Sauces & Spices sales in South America will increase
at a CAGR1 of 5.3% from 2012 to 2025
Sauces & Spices: KPI comparison (2/2)

Revenue in billion US$

China

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 CAGR1

Food total 762.9 810.0 874.8 924.2 951.5 1,016.6 1,074.1 1,130.0 1,251.7 1,284.5 1,334.7 1,401.9 1485.8 1,559.8 5.7%

Sauces & Spices 23.9 25.3 27.2 28.7 29.4 31.4 33.0 34.6 35.5 37.9 40.2 42.5 44.8 46.9 5.3%

Share of total market

3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 2.8 2.9 3.0 3.0 3.0 3.0 -0.3%
(in %)

South America

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 CAGR1

Food total 321.3 342.5 356.9 363.4 365.6 370.3 378.3 387.9 417.0 420.3 428.8 441.5 456.7 471.1 3.0%

Sauces & Spices 4.2 4.6 4.9 5.1 5.3 5.5 5.7 6.0 6.1 6.5 7.0 7.4 7.8 8.2 5.3%

Share of total market

1.3 1.3 1.4 1.4 1.4 1.5 1.5 1.5 1.5 1.6 1.6 1.7 1.7 1.7 2.3%
(in %)

1: CAGR: Compound Annual Growth Rate / average growth rate per year from 2012 to 2025
8 Source: Statista Consumer Market Outlook 2020
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9
Author

Juliana Frimpong
Junior Analyst

j.frimpong@statista.com

Juliana studied International Management (B.A.) and Sociology & Economics

(M.A.) at the University of Hamburg. In the Consumer Market Outlook she is
mainly responsible for the Food Market.

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