$2.0bn
$XXX.Xm
2,073
168
$XXX.Xm
The BBQ Sauce Production industry produces liquid or dry seasonings and flavorings. The array of culinary creations incorporating these sauces and rubs shields the industry from economic volatility. As organic foods gain increased traction in the United States, barbecue sauce manufacturers are pivoting to meet demand for all-natural ingredients. Furthermore, the visibility of the industry is boosted by TV shows featuring barbecue competitions. The popularity of outdoor cooking and grilling during COVID-19 led to a revenue boost of 5.6% within the same year. However, decreases in per capita disposable income, reduced meat consumption and dips in the consumer confidence index have negatively impacted revenue. As a result, the industry's annual revenue has been declining at a CAGR of 0.7% over the past five years, with an expectation to reach $2.0 billion in 2023. At that point, a slight recovery of 0.9% is anticipated.Since barbecue sauce and rubs usually accompany or are used in preparing meat dishes, the industry's performance depends partly on the volume of meat consumed. Per capita meat consumption has experienced a modest annualized growth of 0.4% through 2023. However, with growing health consciousness, consumers are increasingly wary of consuming high-fat, high-cholesterol charred meat; hence, meat consumption is anticipated to increase slowly. Concurrently, demand for organic products is expanding, driven by consumers' increasingly health-focused outlook. Barbecue sauce producers are adapting by introducing organic and innovative product lines, aiming to compete with homemade sauces or kits bought online and imports bringing their own interesting flavor combinations.This trend is set to persist, with smaller producers serving local communities opting for regionally produced sauces. Fast food restaurants are further expected to contribute to industry revenue growth. As per capita meat consumption and spending augment, large producers can escalate production, leveraging innovative manufacturing techniques, including robotics, to cut costs. As we look to the future, industry revenue is projected to grow at a CAGR of 1.5% over the five years through 2028, reaching a total of $2.1 billion as demand rebounds beyond COVID-19 levels, but profit remains stationary.
Industry revenue has declined at a CAGR of 0.7 % over the past five years, to reach an estimated $2.0bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Kraft Heinz Co | 443.4 | 76.1 | 17.2 | |
The Clorox Company | 121.5 | 2.7 | 2.2 | |
Mccormick & Co Inc. | 98.2 | 14.2 | 14.5 |
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Industry revenue is measured across several distinct product and services lines, including Original barbecue sauces, Specialty, regional and flavored barbecue sauces and Dry barbecue rubs and marinades. Original barbecue sauces is the largest segment of the BBQ Sauce Production in the US.
Original BBQ continues to sizzle
Barbecue sauce manufacturers make liquid or dry seasonings and flavorings for use on barbecued meat, vegetables and other foods.
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NAICS 31194 - BBQ Sauce Production in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Increasing per capita meat consumption boosts demand. Despite health risks associated with high red meat intake, per capita meat consumption is predicted to climb, positively...
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Grocery wholesalers remain key players. Despite competitive pressures leading some large-scale supermarkets to buy directly from food manufacturers, wholesalers continue to b...
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The West leads in establishments. With proximity to key suppliers of vital ingredients providing significant cost and freshness benefits to manufacturers and a robust BBQ cul...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Brand loyalty and intense competition sizzle. In the competitive BBQ sauce production industry, well-known brands like Sweet Baby Ray's have a distinct advantage as customers...
Learn about the performance of the top companies in the industry.
Mccormick, Kraft Heinz, Clorox and Conagra hold notable market shares in the industry. However, there are currently no dominant companies with significant market share.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Meeting changing consumer preferences with agility will mitigate volatility. Shifts towards healthier options or alternative sauces can create fluctuations for traditional ma...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Competition squeezes profit, prompting premium product strategies. Potential profit erosin from competition leads larger companies to introduce higher-end, premium products.
Including values and annual change:
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Key data sources in the US include:
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The market size of the BBQ Sauce Production in the US industry in United States is $2.0bn in 2024.
There are 168 businesses in the BBQ Sauce Production in the US industry in United States, which has grown at a CAGR of 1.4 % between 2018 and 2023.
The market size of the BBQ Sauce Production in the US industry in United States has been declining at a CAGR of 0.7 % between 2018 and 2023.
Over the next five years, the BBQ Sauce Production in the US industry in United States is expected to grow.
The biggest companies operating in the BBQ Sauce Production market in United States are Kraft Heinz Co, The Clorox Company and Mccormick & Co Inc.
Original barbeque sauces and Specialty, regional and flavored barbecue sauces are part of the BBQ Sauce Production in the US industry.
The company holding the most market share in United States is Kraft Heinz Co.
The level of competition is high and steady in the BBQ Sauce Production in the US industry in United States.