Rising demand for sauces, dressings, and condiments owing to increasing disposable income coupled with the busy lifestyle of people are some among the factors expected to propel growth of the global sauces, dressings, and condiments market over the forecast period.
However, high raw material costs of sauces, dressings, and condiments is factor expected to hamper growth of the target market in the near future.
The global sauces, dressings, and condiments market has been segmented on basis of type, distribution channel, and region. On the basis of type, the target market is segmented into table sauces, cooking ingredients, dips, pickled products, pastes and purees, and others. Table sauces segment dominates the global market in terms of revenue and is expected to maintain its dominance over the forecast period, owing to increasing use of various table sauces such as mayonnaise and tomato sauce as they are used as instant accompaniments with fast food and snacks.
On the basis of distribution channel global sauces, dressings, and condiments market is segmented into supermarkets/hypermarkets, specialist retailers, convenience stores, and others. Others include mixed retailers, internet retailers, and non-grocery specialists.
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Based upon region global sauces, dressings, and condiments market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East Africa. The market in North America is estimated to be highest share in terms of revenue, owing to growing inclination of consumers towards international flavors, in the region. The markets in Asia Pacific is expected to register significant growth in terms of revenue, owing to rising disposable income, in the region over the forecast period.
Some prominent players in the global sauces, dressings, and condiments market are Nestle SA, Kikkoman Corporation, Tas Gourmet Sauce Co., McCormick & Company Incorporated, Unilever Group, The Kraft Heinz Company, General Mills Inc., Bolton Group, Conagra Brands Inc., and Del Monte Foods Inc.