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India Chinese, Hot and BBQ Sauce Market Overview, 2022-28
The India Chinese, Hot and BBQ Sauces Market has shown a growth with a CAGR of more than 17% in the period from FY 2016-17 to FY 2021-22. It is combination of Chinese sauces, hot sauces and barbeque sauces which all are further segmented into their different product types. As contradictory to the Chinese sauces, in the hot sauces market, the institutional sale is dominating the market. It is so, because these sauces are mostly used in the Mexican cuisine, which a bit tough to prepare, and therefore very less people prepare this food at home, as opposed to Chinese food. In Chinese sauce market, schezwan sauce has increased with highest CAGR due to emergence of its new uses in various dishes.Considered for the Report:
- Geography: India
- Base Year: FY 2021-22
- Estimated Year: FY 2022-23
- Forecast Year: FY 2027-28
Objective of the study:
- To present an Indian outlook on Chinese, Hot & BBQ industry.
- To analyse and forecast the market size of India Chinese, Hot & BBQ, in terms of value.
- To define, classify and forecast Chinese, Hot & BBQ market on the basis of segments like Retail Sauces market and Institutional Sauces market and Organised and Unorganised market
- To further define and forecast India Chinese, Hot & BBQ Market on the basis of Product type like Red Chilli, Green Chilli, Schezwan Sauce, Soya Sauce, Chilli Garlic, Hot chilli, Pepper, Salsa etc
- To strategically profile leading players, which are operating in the Chinese, Hot & BBQ of India
Approach for the Report:
The publisher performed primary as well as secondary research for this study. Initially, a list of manufacturers and suppliers operating in the Chinese, Hot & BBQ market of India were sourced through secondary sources. With the identified companies and consumers, primary research was carried out which included conducting online surveys, competitor analysis and exhaustive personal interviews - both face to face as well as telephonic basis, to extract maximum information from participants like industry executives/ distributors or consumers. Primary research gave us an idea of company revenues, export, pricing, geographical presence, channel partner model, USP etc. and also helped us to identify various small players who otherwise have less presence on the web.The publisher seeks secondary data from third-party sources such as published articles, company websites, magazine articles, associations, trade journals, annual reports, government official websites and other paid database sources. In addition, data is also mined from a host of reports in our repository, as well as a number of paid databases of Indian government. Using both primary and secondary information, the publisher calculated the market size through a bottom-up approach, where manufacturers’ value sales data for different types of Chinese, Hot & BBQ were recorded and subsequently forecasted for the future years.
Scope of the Report:
India Chinese, Hot & BBQ Sauce Market Overview, 2022-28” discusses the following aspects of Chinese, Hot & BBQ market in India:
- India Chinese Sauces Market Size by Value & Forecast-
- India Chinese Sauces Market Segmental Analysis: By Company and By Product Type, By Organised vs. Unorganised, By Retail vs. Institutional
- India Hot Sauces Market Size by Value & Forecast
- India Hot Sauces Market Segmental Analysis: By Company and By Product Type, By Organised
Report Methodology
The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners of Chinese, Hot and Barbeque Sauces in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.Table of Contents
Executive Summary
The Hot and Barbeque Sauces Market is making place in Indian market with its ultimate taste and various application.
Hot sauces and barbeque sauces are new in Indian but heartily welcomed by Indian because of their taste. The major players which offer hot sauces in the market are organized players like FunFood, Veeba, Del Monte, Cremica, American Garden, Sil etc.
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 market was valued at more than INR 100 crores in the year 2011-12. Major companies in this market in India include Capital Foods with the brand name Ching’s Secret, FieldFresh Foods Pvt. Ltd. With the brand Del Monte and Dr. Oetker’s FunFood brand. All these three companies together contribute more than 70% of the total Indian Chinese, hot and barbeque market.
According to the report 'India Chinese, Hot and Barbeque Sauces Market Overview, 2018-2023', the Indian Chinese, hot and barbeque market is expected register a CAGR of more than 15% from 2017-18 to 2022-23. The highest share is expected to be of Chinese sauces, which is more than 75% of the total Chinese, hot and barbeque sauces market, and it is expected to generate a revenue of around INR 500 crores in the year 2022-23. Moreover, it is expected that around two-third of the revenue will be generated from retail sale. It is so, because people these days prefer to cook their favourite dishes at home due to hygiene concerns. Also, with the increasing urbanisation, two things have changed: people are now aware about presence and uses of these sauces as they come to cities; and second that many towns are now being converted into cities which again has the same effect of increase in demand due to increase in the QSRs. Due to this, the share of institutional sale is expected to increase.
The share of Schezwan sauce is currently more than 25% of the total Chinese sauce market. This share is expected to increase in coming five years. Schezwan sauce is mainly used to make Chinese cuisine with chicken and also vegetarian Chinese. Due to increasing demand of these dishes owing to various factors, the demand for Schezwan sauce is expected to increase in the future. Whereas the relative share of red chilli sauce is expected to reduce by around 5 percentage point. It is so because the share of Schezwan sauce will rise considerable. However, in absolute terms, the demand for red chilli sauce will rise owing to the factors such as rising disposable income, increasing population, etc.
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. Also, companies like Veeba have institutional sales to the brands like Tea post, which is an Indian brand. Moreover, the institutional trade for Chinese, Hot and Barbeque sauces is expected to account for around one-third of the total sales of the market in the forecasted year 2022-23.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
