A recent report ongoing study by
Infinium Global Research on the sauces dressing and condiments market provides an in-depth analysis of segments and sub-segments in the global as well as
regional sauces dressing and condiments market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
sauces dressing and condiments market over the short term as well as long term.
The report is a comprehensive presentation of trends, forecasts, and dollar
values of the global sauces dressing and condiments market. According to the
report, the global sauces dressing and condiments market is projected to grow
at a significant CAGR over the forecast period of 2022-2028.
Market
Insight
Spices and condiments are an
essential part of human history and nutrition and have played an indispensable
role in developing most cultures worldwide. According to the Codex
Alimentarius, the category of salts, spices, soups, sauces, salads, and protein
products includes substances added to foods to enhance aroma and taste. Spices
have been reported to have health benefits as antioxidant, antibiotic,
antiviral, anticoagulant, anticarcinogenic, and anti-inflammatory agents.
Health claims about the benefits of condiments for disease prevention or health
improvement need to be science-based and extensively supported by evidence;
data on their preventive or protective potential in humans are currently
limited. The condiments market has been growing continuously over the last few
years, with the number of products sold under sauces, dressings, and condiments
during the forecast period.
The outbreak of COVID-19 forces
manufacturers to develop innovative methods and new products to enhance the
flavor of their sauces to improve the taste of foods available on the market.
Furthermore, the pandemic has also had an enormous impact on consumer buying
behavior. Consumers began looking for healthy, nutritious food products,
creating a demand for natural and organic sauces & condiments, and
dressings. In the sauces segment, sales of hot and sour soy and other spices
from various industries increased steadily during the pandemic, positively
affecting the overall market.
The sauces dressing and
condiments market is expected to be driven by factors such as raising health
concerns among the consumers, and growing demand for spicy and ethnic food. The
report covers the analysis of global as well as regional markets of sauces dressing and condiments market. Major factors that are expected to boost the
growth of the sauces dressing and condiments market in the forecast period
are the rise in the preference for the consumption of spicy food products, an
increase in the consumption of food products, such as pasta and rice, with
different sauces condiments, and dressing. Furthermore, the growing incidences
of gluten-free and organic sauces and the rise in the popularity of
international cuisines and flavourful and appetizing ethnic sauces are further
anticipated to propel the growth of the sauces dressing and condiments
market. On the other hand, an increase in the price of the raw material and
accessibility of decreased price of the raw material is further responsible for
obstructing the growth of the sauces dressing and condiments market in the
near future.
Collectively, sauces, condiments,
and dressings include herbs, spices, tomato paste, soy sauces, pasta sauces,
purees, cooking sauces, ketchup, mayonnaise, and mustard salad dressings, dips,
and other flavorings. The European countries have diversified tastes and
preferences, due to which it becomes an entirely different market among
themselves. In the United Kingdom, consumers are opting for healthy living, new
flavor profiles, and packaging convenience. Such a rising number of consumers
will surely benefit the region’s market in the coming years. Furthermore, due
to the steady influx of international cuisines driven by the tourism and
hospitality industry, demand for the market, as mentioned above, is moderately
growing in the region. However, the Asia Pacific region is also expected to
grow at a tremendous CAGR. This region’s growth is attributed to the rapidly
developing fast food industry and the growing number of restaurants in its
prime markets in India, China, and Thailand. Moreover, the increasing number of
foreign tourists in these countries is expected to further drive the
Asia-Pacific sauces dressing and condiments market growth over the forecast
period.
Segment
Covered
The report on the global sauces
dressing and condiments market covers segments such as product types, end
users, and distribution. On the basis of product types, the sub-markets include
cooking sauces, dips, table sauces, dressings sauces, and other sauces. On the
basis of end users, the sub-markets include households, restaurants, fast food
chains, and others. On the basis of distribution, the sub-markets
include wholesale, and retail.
Companies
Profiled:
The report provides profiles of the
companies in the market such as ConAgra Foods Inc, The Kraft Heinz Company,
General Mills Inc, Unilever Plc., Frito-Lay Co., McDonalds Inc, Nestle S.A,
Mars Inc, Hormel Foods Corp, and Kroger Co.
Report
Highlights:
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors driving and restraining this market's growth. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the sauces dressing and condiments market. Moreover, the study
highlights current market trends and provides forecasts for 2022-2028. We also
have highlighted future trends in the market that will affect the demand during
the forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
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