Global Sauces Dressings and Condiments Market expected to generate around USD 45.36 billion by 2026, at a CAGR of around 5.2% between 2019 and 2026
NEW YORK, NEW YORK, UNITED STATES, March 2, 2020 /EINPresswire.com/ — Zion Market Research has published a new report titled “Sauces Dressings and Condiments Market by Type (Table Sauces and Dressings, Cooking Sauces, Dips, Pasta, and Purees, Pickled Products, and Others), by Ingredient (Fruits & Vegetables, Herbs & Spices, Food Additives, and Others), and by Distribution Channel (Specialty Stores, Supermarkets/Hypermarkets, Convenience Stores, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026”. According to the report, the global sauces dressings and condiments market was approximately USD 30.09 billion in 2018 and is expected to generate around USD 45.36 billion by 2026, at a CAGR of around 5.2% between 2019 and 2026.
A condiment or table sauce refers to spice, or preparation that includes vegetables like onion, which is added externally to the food. It is done to impart a special or specific flavor for enhancing the taste, and in some cultures as a way of complementing the dish. Many condiments like mustard or ketchup are present nowadays in single-serving packets that are normally supplied with take-out meals or fast-foods. Another key ingredient is the dressing or salad that refers to a liquid mixture that usually comprises oil, vinegar, herbs, and veggies. The rising demand for spices and ethnic food is a major driver for the global sauces dressings and condiments market. The spices used all around the world are gradually being utilized for flavoring a wide variety of food products. There has been wide acceptance of new flavors and cuisines globally. The changing taste of people when it comes to consumption and preferences is another key factor boosting this market’s growth globally. Moreover, the increase in the use of natural and organic products and spices is also driving the global sauces dressings and condiments market growth. However, the shift toward a healthier lifestyle and the high cost of the raw materials may restraint the global sauces dressings and condiments market.
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By type, the global sauces dressings and condiments market are divided into table sauces and dressings, cooking sauces, dips, pasta, and purees, pickled products, and others. Dips and pickled products are expected to show the highest growth potential over the forecast time period, due to the rise in quick-service restaurants where the sauces or dips are used for giving the customers a special taste of the cuisine. Based on, the global sauces dressings and condiments market includes fruits and vegetables, herbs and spices, food additives, and others. The distribution channel comprises specialty stores, supermarkets/hypermarkets, convenience stores, and others.
By region, North America and Europe are expected to hold significant shares in the global sauces dressings and condiments market. North America is expected to show steady growth due to the growing consumer preference, particularly in the U.S., for ethnic and flavored cooking table and sauces.
Some major players present in the global sauces dressings and condiments market are McCormick & Company, Unilever, CaJohns Fiery Foods, Del Monte, General Mills, Mrs. Klein’s Pickle, Stokes Sauces, Kikkoman Sales USA, The Kraft Heinz, Bolton Group, Conagra Brands, Edward and Sons, Ken’s Foods, and Newman’s Own.
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This report segments the global sauces dressings and condiments market into:
Global Sauces Dressings and Condiments Market: Type Analysis
Table Sauces and Dressings
Dips, Pasta, and Purees
Global Sauces Dressings and Condiments Market: Ingredient Analysis
Fruits and Vegetables
Herbs and Spices
Global Sauces Dressings and Condiments Market: Distribution Channel Analysis
Global Sauces Dressings and Condiments Market: Regional Analysis
Middle East and Africa
Browse more Food & Beverage Market Research Reports: https://www.zionmarketresearch.com/category/food-beverage/
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Source: EIN Presswire