Barbecue sauce (also abbreviated BBQ sauce) is used as a flavoring sauce, a marinade, basting or topping for meat cooked in the barbecue cooking style, including pork or beef ribs and chicken. It is a ubiquitous condiment and is used on many other foods as well.
Barbecue sauces and rubs has become a regular item in kitchens and restaurants across the global. The variety of dishes that use barbecue sauce provide barbecue sauce producers with ample protection from the economic shockwaves of the recession. Furthermore, as the popularity of organic foods increases in the global, new barbecue sauce producers have emerged to meet demand for high quality sauces. These factors have encouraged industry revenue to grow at a average rate of 5% to total $6.3 billion in 2016, including growth of 4% in 2015.
While the largest barbecue sauce producers are major consumer products conglomerates, such as Kraft Foods Group Inc., smaller industry operators have entered the market. Kraft Foods Group Inc hold 3.69% market share. Barbecue sauce is primarily served with meat dishes, so the amount of meat people consume influences the industry's performance.
The BBQ sauces and rubs industry has a low level of concentration. The two largest firms are: Kraft and Sweet Baby Ray's. These major companies hold sizable advantages, including their ability to spend more on product development and marketing than smaller companies. As such, even though barriers to entry are relatively low, revenue from any one small operator will not represent a significant share of total industry revenue. Even independen ...
Table of Contents
2019-2024 Global BBQ Sauces & Rubs Consumption Market Report
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global BBQ Sauces & Rubs Consumption 2014-2024
2.1.2 BBQ Sauces & Rubs Consumption CAGR by Region
2.2 BBQ Sauces & Rubs Segment by Type
2.2.1 BBQ Sauces
2.2.2 BBQ Rubs
2.3 BBQ Sauces & Rubs Consumption by Type
2.3.1 Global BBQ Sauces & Rubs Consumption Market Share by Type (2014-2019)
2.3.2 Global BBQ Sauces & Rubs Revenue and Market Share by Type (2014-2019)
2.3.3 Global BBQ Sauces & Rubs Sale Price by Type (2014-2019)
2.4 BBQ Sauces & Rubs Segment by Application
2.5 BBQ Sauces & Rubs Consumption by Application
2.5.1 Global BBQ Sau ...