Sauces, Dressings and Condiments Market Research Report by Type, Distribution Channel and Geography

U.S.—The Largest Market, by Country

At country-level, the U.S. held the largest revenue share in the global sauces, dressings, and condiments market, crossing 20% in 2017. The market in the country is expected to progress at CAGRs of 2.2% and 3.7%, in terms of volume and value respectively, during the forecast period. The market growth in the U.S. can be mainly attributed to the rise in disposable income and the growing inclination of consumers toward organic, and new and international flavors.

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Rising Trend of Home-Cooked Meals Fueling Cooking Ingredient Sales

The preference for home-cooked meals among consumers is driving the growth of the cooking ingredients market, globally; for instance, a recent survey inferred that around 73% of the American adults cook at home at least four nights a week. Also, millennials are turning to home-based cooking due to growing interest in healthy eating and as a measure of cost saving, thus giving impetus to the cooking ingredients market worldwide.

Convenience of Easy Cooking Driving the Market Growth

Busy lifestyle, longer working hours, and rise in the number of people living alone in urban areas are the major factors contributing to the increasing demand for sauces, dressings, and condiments. This is because people leading hectic lifestyles seek easy cooking options and these products help in quick preparation of meals.

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Major players launching innovative products to gain a larger market

Key players in the sauces, dressings, and condiments industry are launching new products to gain a larger market share. For instance, in March 2018, Sir Kensington’s, now part of The Unilever Group, introduced four varieties of ranch dressings—avocado oil classic, Pizza Ranch, classic, and buffalo—at the Natural Products Expo West 2018.

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This release was published on openPR.