Asia-Pacific Condiments Market Statistics and Analysis of Leading Players Kraft-Heinz Inc., Nestle, Yeo Hiap Seng Ltd, Three Threes Condiments Pty Limited, Hormel Foods Corporation, NutriAsia and Unilever

Asia-Pacific condiments market size was $45,762.75 million in 2017 and is projected to reach $71,862.43 million by 2025, registering a CAGR of 5.8% from 2018 to 2025. In 2017, the sauce segment accounted for more than half of the share in the Asia-Pacific market in terms of value.

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Condiments are processed items, but the ingredients used to manufacture condiments are rich in phytonutrients that are beneficial to the human body. The condiment mustard is considered very effective against tumor growth and DNA or cell mutation owing to the presence of mustard seeds as the main ingredient. Similarly, bullion is another condiment, which is rich in collagen, proline, glycine, and glutamine that are required for the functioning of the human body.

Increase in popularity of fast food restaurants, also known as the quick service restaurants (QSRs), majorly boosts the growth of the Asia-Pacific condiments market. China and Japan are the largest consumers of condiment owing to the presence of large population base and surge in number of QSRs such as McDonalds, Burger King, Wendys, Subway, and Dunkin Donuts.

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In terms of value, China and Japan collectively contributed more than two-thirds of the market share in the Asia-Pacific condiments market in 2017.

In 2017, the sauce condiment type accounted for the highest market share in Asia-Pacific and is anticipated to grow at a significant CAGR of 6.2% during the forecast period. Sauces are served with certain meals such as pizza, noodles, and meat & sea foods as taste enhancers. Some of the most common cuisines in which sauces are added include Asian, British, French, and Italian cuisines. In 2017, the meat & seafood segment accounted for the highest market share in the Asia-Pacific condiments market.

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Globalization has been one of the prime factors behind increase in international travel that led to the exchange of cultural beliefs and food preferences across the globe. This has also resulted in the adoption of exotic foods and condiments in the past few decades. As a result, people have adopted foreign foods and condiments, which drives the demand for condiments in the Asia-Pacific region.

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