The global sauces, condiments, and dressing market forecasts that sales are expected to grow to US$ 103.04 Bn in 2021. While Fact.MR still expects the sauces, condiments and dressing market to grow, however, the overall ten-year compound annual growth rate (CAGR) remains positive at 5.1%. New flavors and delicacies are being introduced to the menu due to changing tastes. By 2031, the industry is expected to be valued at US$ 169.4 Bn.
|Market Size Value in 2020||US$ 103.04 Bn|
|Projected Market Forecast Value by 2031||US$ 169.4 Bn|
|Global Growth Rate (2021 to 2031)||5.1% CAGR|
Sauces, Condiments and Dressing Revenue Analysis from 2016-2020 Vs Outlook 2021-2031
According to Fact.MR, market research and competitive intelligence provider, , the global market for sauce, condiments and dressing has grown at a CAGR of almost 4% . Consumers are increasingly demanding a broader array of flavours to enhance their sensory experiences, thus boosting demand for different sauces, condiments and dressings in the market. Besides, the increasing popularity of convenience foods and ready-to-eat foods is also augmenting demand for sauces, condiments and dressings.
Due to the recent outbreak of COVID-19, manufacturers have developed innovative methods and new products to enhance the flavor of their sauces to improve the taste of foods available on the market. As infections increased in the first quarter of 2020, consumers began looking for healthy, nutritious food products, creating a demand for natural and organic sauces & condiments and dressings. Additionally, certain studies show that sales of hot and sour soy and other sauces from various industries increased steadily during the pandemic.
As nostalgic and fusion flavors gain popularity in the market, the global market for taste-enhancing products is predicted to grow in the future. A combination of spicy, sour and sweet sauces has received considerable attention by the media-over the past year. Hence the market is likely to surge at a CAGR of 5.1% from 2021-2031.
Increased Preference for Exotic Food Flavors Impelling Sauces, Condiments and Dressing Demand?
Demand for sauces and condiments has increased as the market has grown more dependent on ready-to-cook foods. Change in tastes and the desire to try new and tangy recipes have contributed to the market growth for these sauces. Food industry demand for sauces, condiments, and dips has increased due to a broader consumer taste, which has led to an increase in insatiable appetites for culturally diverse flavors and styles.
The resurgence in sous vide, pan- and fire-roasting, smoking, barbecuing, and braising is attributed to consumer interest in global flavors and consumer curiosity about restaurant-driven culinary techniques has increased the demand for sauce, condiments, and dressing. As consumers become more aware of the benefits of healthy food, the demand for clean-label products has also increased.
Growing consumer demand for savory flavors, fast food alternatives, and consumption of healthy, wholesome, clean label products have grown demand for sauce, condiments, and dressing business. As shoppers seek out convenient options to get dinner on the table without much effort and limited time, sauces, salsas, dips, and dressings are flying off the shelves of grocery stores.
A Flourishing HoReCa Sector Propelling Sauces, Condiments & Dressing Sales in China?
China's increasing demand for a diverse menu in the restaurant industry is considered to be the primary driver of sauce, condiment, and dressing markets. In recent times, Western sauces have become extremely popular in various cuisines, which has contributed to the growth of the market.
The presence of local condiments brands in China are regarded as the main reason behind the growth of condiments in daily life usage. The e-commerce platform in China has not only provided support to local brands but also helped the foreign market to be able to access these products. Many popular brands, including Kraft Heinz, are also beginning to explore the sauces, condiments, and dressing market in China to expand their businesses in this region.
Chinese companies are also highly efficient at manufacturing the best sauces, condiments, and seasonings, and this has directly contributed to the growth of the condiments industry in the country. The high quality and unique flavor of soy sauce, in particular, made it the most sought-after product in the Chinese market. Fact.MR expects the market to surge at a CAGR of 4% through 2031.
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How is Preference for Western Cuisine Augmenting Sales of Sauces, Condiments and Dressings in India?
The growing inclination towards the consumption of western foods and cuisines is regarded to be the major reason behind the growth of the sauces, condiments, and dressing market in India. Western foods and cuisines demand unique tastes and the usage of different types of sauces, spices or condiments, and seasoning, which has largely helped the market to grow. A CAGR of around 5% is projected for the Indian market.
Indians' growing interest in western cuisine has also resulted in higher demand for mayonnaise, salad dressings, and seasonings. The rapid growth of the sauces, condiments and dressing market in India is also attributed to the increased demand for dry herbs in the aftermath of the pandemic. The immune-boosting properties of these spices are a big part of why they are so popular in India.
India has also claimed a great position in regards to the research into preparing more and more healthy products in the sauces, condiments, and dressing market sector. Research for sugar-free and gluten-free condiments is regarded to be the major research topic in this field, which is directly helping in the promotion of a healthy lifestyle. Additionally, the demand for quick service restaurants has grown demand for these products in the market. Furthermore, the demand for various sauces in foods and cuisines has increased. With the launch of companies such as VEEBA, restaurant services have gained a lot of attention due to their diverse products and services.
How Opportunistic are Growth Possibilities in the U.S for Sauces, Condiments and Dressings?
Over the years, Indian cuisine is making its place in the market of the U.S. Indian foods are full of unique flavors and tastes, which has succeeded to gain the attention of the customers in the country. This is regarded to be one of the major reasons behind the growth of sauces, condiments, and dressing markets in the U.S. It is said that no such cuisine in the world uses as many condiments as Indian cuisines. Hence, seasonings, sauce and condiments production in the U.S has gained major traction in recent years.
Demand has also bolstered amid the transition in food preferences by consumers. Consumers in the U.S. have started to change their tastes from pizza and sandwiches, which is why the demand for Indian cuisine is rising along with the market of sauces, condiments, and dressings. The government is also spending time and capital on the promotion of the usage of condiments, sauces, and dressing products in foods and cuisines. This is another important reason behind the growth of sauces, condiments, and dressing markets in the U.S. As per Fact.MR, a CAGR worth 6% is expected for the market in the U.S
The demand for vegetable sauces and seasoning products as well as different kinds of salad dressings are also regarded as another reason behind the rapid growth of the products in the market. With the support of the government, the U.S. is gaining great popularity in the global sauces, condiments, and dressing market. The import and export of sauces, condiments, and dressing products in the U.S. is also growing rapidly as other countries are taking an interest in doing business with the country.
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How are Different Flavors of Cooking Sauces Propelling Market Demand?
As consumers search for ways to enhance the flavors in their foods, the popularity of cooking sauces has increased. Sauces are expected to provide the highest revenue growth over the next ten years, expected to generate a CAGR of over 3% until 2031. Amongst all sauces, preference for hot sauce is increasing significantly across key regions.
The consumer trend for nostalgic dishes and incorporating ready-to-use sauces - like Bolognese sauce - in a spaghetti Bolognese, has increased the demand for cooking sauces in the market. The market has seen increasing demand for homemade sauces as the demand for fresh and organic ingredients has steadily increased. The growing health benefits of these sauces have attracted a large number of consumers in the market. Using ready-made sauces minimizes the waste that occurs during the cooking process.
Why is the Food Chain Services Channel Highly Lucrative?
Food chain services are regarded as one of the major distribution channels for sauces, condiments, and dressing markets in the world. The food chain services include all of the convenience stores, retail markets, supermarkets, brand outlets, hypermarkets. These all are the major part of the sales of the products.
Several renowned food chain industries are putting a lot of effort into successfully expanding their businesses in multiple countries to serve consumers to the best of their ability. Foodservice chains such as Future Group are also taking interest in converting their stores to a variety of brand stores that function at the proper time, allowing consumers to get fresh and pure products every time. A value of over US$ 14.5 Bn is expected to be generated across the 2021-2031 assessment period.
Increasing production and meeting consumer demand through strategic collaborations will lead to higher revenue and market share. Organic products will be made available to end-users through new technologies and innovations. A strategic collaboration can help the company increase its production capacity.
- In September 2021, Kraft Heinz acquired Brazilian condiment and sauces firm Companhia Hemmer Industria e Comercio. With this acquisition, which is subject to approval by Brazil’s Administrative Council for Economic Defense, Kraft Heinz will gain access to over 250 meal enhancers, such as chili sauce, mayonnaise, and zero-calorie ketchup. In addition, Kraft Heinz's acquisition of Hemmer accelerates its global Taste Elevation initiative, where it is identifying new white space markets.
- Likewise in November 2020, PepsiCo’s Mountain Dew partnered with American professional basketball player Joel Embiid to produce the brand’s first ever hot sauce. The signature hot sauce was also created in collaboration with Houston-based hot sauce shop iBurn, which will feature the distinct citrus flavor of Mountain Dew.
|Historical Data Available for||2016-2020|
|Market Analysis||US$ Mn for Value & ‘000 Units for Volume|
|Key Regions Covered||
|Key Regions Covered||
|Key Segments Covered||
|Key Companies Profiled||
|Pricing||Available upon Request|
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Key Segments Covered
- Cooking Sauces
- Table Sauces
- Pickled Products
- Tomato Paste & Puree
- Other Sauces, Dressings, and Condiments
- Food Chain Services
- Modern Trade
- Departmental Stores
- Online Stores
- Other Distribution Channels
- FAQs -
The global sauce, condiments and dressing market size is worth US$ 103.04 billion at present
According to Fact.MR, the market for spices, condiments and dressings is slated to register a CAGR of 5.1% until 2031
From 2016-2020, demand for sauces, condiments and dressings surged at around 4% CAGR
The sauce, condiments and dressing market is expected to reach nearly US$ 169.4 Bn by 2031
Increasing preference for exotic cuisines is primarily driving growth of the market for sauces, condiments and dressing
The U.S is likely to be the fastest growing market for sauces, condiments and dressing, clocking a CAGR of 6%
According to Fact.MR, the sauces, condiments and dressing industry will likely flourish at a CAGR of 5%
Sauce, condiments and dressing demand is expected to rise at 4% CAGR in China through 2031
Demand for cooking sauces will remain maximum, growing at over 3% CAGR until 2031
According to Fact.MR, food chain services will account for majority revenue, yielding US$ 14.5 Bn by 2031
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