Data shows that export volumes for sauces and preparations from the Caribbean are not consistent.
Among the top exporters of sauces and condiments are Trinidad and Tobago, Jamaica and the Dominican Republic. Exports from all the other Caribbean states fluctuate significantly, which may be due to supply issues like sourcing of consistent raw materials or technical barriers to trade like labelling standards.
The sauces and condiments market was valued at USD 142.5 billion in 2018 with five-year trends indicating growth to USD 181 billion by 2023. The industry is estimated to have an untapped market potential of USD 7.5 billion. Major target markets are the United States, United Kingdom, and Canada. These are also the markets with greatest potential for Caribbean exports of preparations for sauces and prepared sauces.
