Growing preference for spicy food products has led the manufacturers to opt for natural and organic ingredients. In addition, surge in demand for flavor enhancers in food products such as rice and pasta is projected to boost sales of the condiments, sauces, and dressings globally. Fact.MR states that the global market of sauces, condiments, and dressings is projected to reflect a CAGR of 2.3% over the forecast period, 2017-2026.
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Factors Fuelling Global Market Growth
Growth of the global sauces, condiments, and dressings market is mainly bound to various macro-economic and micro-economic factors. Shift in consumer preferences for consumption of spicy food products is projected to rev up demand for condiments and sauces in the food industry. Surge in consumption of delicacies such as rice and pasta will continue to boost demand for various sauces and condiments to enhance the flavor of the food products. As primary quality assessment of the sauces continue to be measuring pH level, manufacturers are concentrating on acidification of sauces during the production process.
Growing concerns regarding health has led the manufacturers to include natural and organic ingredients while manufacturing various food products. Moreover, growing need to consume food products while travelling and working is further expected to rev up demand for the sauces and condiments in the food industry.
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|Region||North AmericaLatin AmericaEuropeJapanAPEJMEA|
|Product Type||Cooking SaucesTable SaucesPickled ProductsDipsTomato Paste & PureeOther Sauces, Dressings, and Condiments|
|Distribution Channel||FoodChain ServicesModern TradeDepartmental StoresOnline StoresOther Distribution Channel|
Leading market players operating in the global sauces, condiments, and dressing market include
- General Mills Inc
- Hormel Foods Corp
- Nestle SA
- ConAgra Foods Inc
- McCormick & Co Inc
- The Kraft and Heinz Company
- Unilever Group
- PepsiCo Inc.
- Kikkoman Corp
- Clorox Co The.