DUBLIN--(BUSINESS WIRE)--The "India Chinese, Hot & BBQ Sauces Market Outlook, 2023" report has been added to ResearchAndMarkets.com's offering.
Owing to benefits such as easy availability of sauces, increased demand due to travelling abroad, increased consumption in social gatherings, demand for Chinese, hot and barbeque sauces is growing gradually.
Indian Chinese, hot and barbeque sauces market consists of Chinese sauces like red chilli sauce, green chilli sauce, soya sauce and Schezwan sauce; hot sauces like chilli garlic sauce, hot chilli sauce, pepper sauce, salsa sauce, sweet chilli sauce and the like; and barbeque sauce.
The India Chinese, Hot and BBQ Sauces Market has shown a growth with a CAGR of more than 10% in the period from FY 2011-12 to FY 2016-17. The highest contribution in Chinese, Hot and Barbeque Sauces market comes from Chinese sauces market, which is around 75% of the overall market.
Major companies operating in this market are Capital Foods with its brand Ching's Secret, FieldFresh Foods Pvt. Ltd with Del Monte brand and Dr. Oetker India Pvt. Ltd. with its brand FunFoods. These three brands hold more than 50% of the market currently. But the market is facing a pull-back in the demand due to challenges like non-compliance of food standards by some un-organised players, lack of awareness of the use of these sauces, presence of many unorganised players and difficult product innovation.
Moreover, the red chilli and green chilli sauce together contribute more than two-third of the total Chinese sauces market, whereas Soya sauce contributes the least. It is so, because in the preparation of Chinese dishes like Chow Mein or Manchurian, the quantity of soya sauce used is quite less in proportion than that of red or green chilli sauce. Hot sauce market is expected to grow with CAGR of more than 20% during forecast period.
- Bajoria Foods Pvt. Ltd
- Capital Foods Private Limited
- Cremica Food Industries Limited
- Dr. Oetker India Pvt Ltd
- Fieldfresh Foods Pvt Ltd
- Scandic Food India Private Limited (Sil)
- Veeba Food Services Private Limited
- Weikfield Foods Pvt. Ltd
Key Topics Covered
1. Executive Summary
2. India Table Sauces Market Outlook
3. India Chinese, Hot & BBQ Sauces Market Outlook
4. India Chinese Sauces Market Outlook
5. India Hot Sauces Market Outlook
6. India BBQ Sauces Market Outlook
7. Product Price & Variant Analysis
8. India Economic Snapshot
9. Policy & Regulatory Landscape
10. PEST Analysis
11. Chinese & Hot Sauce Market Trade Dynamics
12. Channel Partner Analysis
13. Chinese & Hot Sauce Market Dynamics
14. Chinese & Hot Sauce Market Trends & Developments
15. Competitive Landscape
16. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/research/f5wb6n/the_chinese_hot?w=4