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U.S. Sauces Market Demand to Witness Marginal decline in Near Term amid COVID-19 Pandemic 2019-2024

The U.S. sauces market is projected to generate a revenue of $22.4 billion by 2024, increasing from $18.6 billion in 2018, and is predicted to advance at a 3.3% CAGR during the forecast period (2019u20132024).

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U.S. Sauces Market Demand to Witness Marginal decline in Near Term amid COVID-19 Pandemic 2019-2024

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  1. Demand for Sauces in the U.S. Increasing due to Hectic Schedule of People 1 ©P&SIntelligence.Allrightsreserved

  2. Owing to globalization, people across the world are becoming more and more open towards trying new things, especially when it comes to food items. The popularity of ethnic cuisines, majorly in the U.S., has been increasing rapidly. The younger generation primarily is not afraid to experiment with new experiences. Ethnic cuisines such as Mexican, Indian Chinese, Greek, Japanese, and Italian make wide usage of sauces, owing to which, the U.S. sauces market is predicted to advance at a considerable pace in the years to come. The disposable income of people in the country is growing as well, ascribed to which, they are able to spend more money on ethnic food items. In addition to this, with the daily routine becoming increasingly stressful and hectic, a larger number of people prefer ready-to-eat food rather than cooking themselves. The growth of the corporate sector has resulted in longer working hours and a busier lifestyle, therefore, food that is easy to prepare in in high demand in the U.S. Sauces are an important part of such food items, as they aid in enhancing the taste of meals in a limited amount of time. Request to Get the Sample Report@ https://www.psmarketresearch.com/market- analysis/us-sauces-market/report-sample The U.S. sauces market is projected to generate a revenue of $22.4 billion by 2024, increasing from $18.6 billion in 2018, and is predicted to advance at a 3.3% CAGR during the forecast period (2019–2024). On the basis of type, the market is divided into dips, table sauces, and cooking sauces. Out of these, the table sauce division dominated the market in 2018 due to the changing food preference. The division is further classified into oyster sauce, horseradish sauce, schezwan sauce, mustard sauce, chili sauce, barbecue sauce, soy sauce, tomato sauce, and mayonnaise. Other than this, dips is expected to progress at the fastest pace during the forecast period, owing to the rising number of ethnic food chains. When distribution channel is taken into consideration, the U.S. sauces market is categorized into special stores, online, convenience stores, supermarkets/hypermarkets, and others, according to a P&S Intelligence report. The supermarkets/hypermarkets category accounted for the major share of the market in 2018, because of the fact that consumers prefer buying sauces from such stores. The online category is predicted to register the fastest CAGR during the forecast period, owing to the expanding e-commerce industry in the country. In conclusion, the demand for sauces in the U.S. is growing because of the busier schedule of people, increasing disposable income, rising preference for ethnic foods, and increasing demand for organic and natural products. The research offers market size of the U.S. sauces market for the period 2014– 2024. U.S. Sauces Market Segmentation

  3. Market Segmentation by Type •Table Sauces oMayonnaise oTomato Sauce oSoy Sauce oBarbecue Sauce oChili Sauce oMustard Sauce oSchezwan Sauce oHorseradish Sauce oOyster Sauce oOthers (vinaigrette, Worcestershire/steak sauce, cocktail sauce, fish sauce, and curry sauce) •Cooking Sauces oWet Sauces oDry Sauces/Powder Mixes •Dips Market Segmentation by Distribution Channel •Supermarkets/Hypermarkets •Convenience Stores •Online •Specialist Stores •Others (discount stores, health and beauty specialist retailers, forecourt retailers, and independent small grocers) Market Segmentation by Region •South •West •Northeast •Midwest This study covers •Historical and the present size of the U.S. Sauce Market •Future potential of the market through its forecast for the period 2014-2024 •Major factors driving the market and their impact during the short, medium, and long terms •Market restraints and their impact during the short, medium, and long terms •Recent trends and evolving opportunities for the market participants •Historical and the present size of the market segments and understand their comparative future potential •Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

  4. •Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders •Major players operating in the market and their service offerings •Recent strategic developments by the major players in the market 3 ©P&SIntelligence.Allrightsreserved

  5. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd.

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