The global sauces, dressings, and condiments market is expected to grow at a CAGR of 2.29% over the forecast period of 2017-2025. The major aspects responsible for driving the growth of this market include its diverse application in food and beverage industry, changing consumer preferences, and the growing demand for spicy and ethnic varieties.
The global sauces, dressings, and condiments market is segmented on the basis of type and the distribution channel. The market by type is further segmented into cooking ingredients, dips, pickled products, table sauces, tomato pastes and pur?es and other sauces, dressings, and condiments. Of these, the cooking ingredients is the more popular segment type.The distribution channel is further segmented into supermarkets and hypermarkets, traditional grocery retailers, non-grocery specialists and online.
The global sauces, dressings and condiments market is classified into five major regions. They are: North America (Us & Canada), Asia Pacific (India, China, Japan, Australia, South Korea, Indonesia, Thailand, Vietnam, etc), Europe (France, Germany,United Kingdom, Spain, Italy,Russia, Poland, Sweden, and others), the Middle East & Africa(Egypt, Saudi Arabia, Israel, South Africa, Iran,United Arab Emirates, Turkey) and Latin America(Brazil, Argentina, Mexico, etc). The European region held the highest share of the market in the year 2016. However, the Asia-Pacific region is expected to show the highest growth over the forecast period.
Nestle SA, Unilever Plc, Heinz Co Hj, Campbell Soup Co, Mars Inc, Mcdonalds Corporation, Mccormick, Pepsico, Kikkoman, Clorox, Kewpie Corporation, Shanghai Totole Flavouring Food Co. Ltd., Conagra Foods Inc, General Mills Inc and Frito-Lay Co are some of the major players in the global market.