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Latin America Hoisin Sauce Market Size & Outlook

The hoisin sauce market in Latin America is expected to reach a projected revenue of US$ 69.0 million by 2030. A compound annual growth rate of 3.4% is expected of Latin America hoisin sauce market from 2025 to 2030.

Revenue, 2024 (US$M)
$56.1
Forecast, 2030 (US$M)
$69.0
CAGR, 2025 - 2030
3.4%
Report Coverage
Latin America

Latin America hoisin sauce market, 2018-2030 (US$M)

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Latin America hoisin sauce market highlights

  • The Latin America hoisin sauce market generated a revenue of USD 102.6 million in 2023.
  • The market is expected to grow at a CAGR of 4.3% from 2024 to 2030.
  • In terms of segment, conventional was the largest revenue generating nature in 2023.
  • Conventional is the most lucrative nature segment registering the fastest growth during the forecast period.


Latin America data book summary

Market revenue in 2023USD 102.6 million
Market revenue in 2030USD 138.2 million
Growth rate4.3% (CAGR from 2023 to 2030)
Largest segmentConventional
Fastest growing segmentConventional
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationConventional


Other key industry trends

  • In terms of revenue, Latin America region accounted for 6.2% of the global hoisin sauce market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 802.6 million by 2030.

Key Regions: Brazil , U.S. , UK , Japan , UAE

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Hoisin Sauce Market Scope

Hoisin sauce market segmentation & scope
Nature
Conventional
Organic
Packaging
Glass Bottle
Plastic Bottle
Pouches and Sachets
Distribution Channel
Supermarkets & Hypermarkets
Convenience Stores
Grocery Stores
Online
Others
Regions
Latin America
Europe
North America
Middle East & Africa
Asia Pacific
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
China
Japan
India
ANZ
South Korea
Philippines
Thailand
Singapore
Malaysia
Brazil
South Africa

Hoisin Sauce Market Companies

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Latin America hoisin sauce market size, by country, 2018-2030 (US$M)

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