The average revenue per capita in the 'Sauces & Spices' segment of the food market in South Korea was forecast to continuously increase between 2024 and 2029 by in total 30.3 U.S. dollars (+27.36 percent). After the ninth consecutive increasing year, the average revenue per capita is estimated to reach 141.08 U.S. dollars and therefore a new peak in 2029.
Data provided by Statista Market Insights are estimates.
Definition:
The Sauces & Spices market covers all substances that are additional ingredients used during the food preparation process. Sauces are defined as liquid or semi-liquid preparations that are used to improve the flavor, texture, and appearance of a dish. Spices are dried seeds, fruits, etc. that are added to food to add taste, scent, and color.
Structure:
The market consists of three different submarkets:
The Tomato Ketchup market covers seasoned sauces most commonly based on tomatoes. It is often used as a condiment for fast food such as burgers and fries.
The Other Sauces market covers other types of sauces other than ketchup, such as mustard, mayonnaise, soy sauce, BBQ sauce, and other emulsified sauces as well as products for preparing sauces, i.e., gravy granules and bouillon cubes.
The Spices and Culinary Herbs market covers salt, spices, and culinary herbs such as pepper, chilis, curry, parsley, rosemary, and thyme.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption, out-of-home consumption is not included.
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Statista Market Insights. (September 27, 2024). Average revenue per unit (ARPU) in the sauces & spices segment of the food market South Korea from 2019 to 2029 [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1438109/average-revenue-per-unit-arpu-sauces-spices-food-market-south-korea
Statista Market Insights. "Average revenue per unit (ARPU) in the sauces & spices segment of the food market South Korea from 2019 to 2029." Chart. September 27, 2024. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1438109/average-revenue-per-unit-arpu-sauces-spices-food-market-south-korea
Statista Market Insights. (2024). Average revenue per unit (ARPU) in the sauces & spices segment of the food market South Korea from 2019 to 2029. Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1438109/average-revenue-per-unit-arpu-sauces-spices-food-market-south-korea
Statista Market Insights. "Average Revenue per Unit (Arpu) in The Sauces & Spices Segment of The Food Market South Korea from 2019 to 2029." Statista, Statista Inc., 27 Sep 2024, https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1438109/average-revenue-per-unit-arpu-sauces-spices-food-market-south-korea
Statista Market Insights, Average revenue per unit (ARPU) in the sauces & spices segment of the food market South Korea from 2019 to 2029 Statista, https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1438109/average-revenue-per-unit-arpu-sauces-spices-food-market-south-korea (last visited November 13, 2024)
Average revenue per unit (ARPU) in the sauces & spices segment of the food market South Korea from 2019 to 2029 [Graph], Statista Market Insights, September 27, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1438109/average-revenue-per-unit-arpu-sauces-spices-food-market-south-korea