Boom Expected in Sauces, Dressings, and Condiments Market in Future

(MENAFN- P&S Intelligence) “The increasing popularity of exotic dishes and international cuisines and surging disposable income of the people are the major factors responsible for the soaring demand for dressings, sauces, and condiments across the globe”. There has been a sharp rise in travel and tourism over the last few years and this has led to a huge rise in interaction between people of different cultures. This has massively increased the popularity of many regional cuisines and food items, that require sauces and dressings for their preparation.

In addition to the above-mentioned reason, the increasing awareness amongst the people about different cooking styles and food preparation techniques is also causing increased sales of dressings and sauces all over the globe. Furthermore, people in several countries, nowadays, lead busier lives and thus, usually don’t get the required time for cooking meals. As a result, they either end up ordering fast foods or buying ready-to-eat food items which require the extensive usage of sauces, condiments, and dressings.

There are various types of dressings, condiments, and sauces used throughout the world namely table sauces, cooking ingredients, purees and pastes, pickled products, and dips. Amongst these, the demand for cooking ingredients was observed to be significantly high during the past several years, primarily because of the huge popularity of home-cooked dishes amongst the people, high preference for healthy meals, and the high costs associated with takeaway foods and restaurant meals all over the world.

On the other hand, "the sales of table sauces was found to be the highest in the past”. As a result, this category generated considerably high revenue in the sauces, dressings, and condiments market over the last few years. Chili sauces, mayonnaise, tomato sauces, mustard sauces, soy sauces, horseradish sauces, barbecue sauces, and oyster sauces are the main types of table sauces used across the world. Out of these different sauces, the usage of mayonnaise and tomato sauces was found to be considerably high in the last few years.

When the type of distribution channel is taken into consideration, the sauces, dressings, and condiments market is divided into convenience stores, supermarkets/hypermarkets, specialist retailers, and others which include mixed retailers, non-grocery specialists, health retailers, beauty retailers, and internet retailers. Out of these categories, the convenience stores division is predicted to demonstrate the fastest market growth throughout the globe, in terms of both sales volume and revenue, in the forthcoming years.

Historically, “the APAC (Asia-Pacific) sauces, dressings, and condiments market was dominated by Japan”. This is ascribed to the widespread usage of various types of sauces such as wasabi sauce, soy sauce, and teriyaki sauce in many traditional Japanese dishes and cuisines. However, despite these factors, “the market growth in this country will be outpaced by that in India in the upcoming years", as per the estimates of the market research firm P&S Intelligence, mainly because of the rising popularity of fast foods in the country.

Hence, it can be safely said that the market will surge rapidly throughout the globe over the next few years, on account of the increasing popularity of international cuisines and exotic dishes and growing cultural exchange and tourism activities across the world.

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