Sauces Condiments and Dressing Market Outlook and Opportunities in Grooming Regions with Forecast to 2017 to 2026
August 19, 2019 by Steve Blade
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Growing preference for spicy food products has led the manufacturers to opt for natural and organic ingredients. In addition, surge in demand for flavor enhancers in food products such as rice and pasta is projected to boost sales of the condiments, sauces, and dressings globally. Fact.MR states that the global market of sauces, condiments, and dressings is projected to reflect a CAGR of 2.3% over the forecast period, 2017-2026.
Factors Fuelling Global Market Growth
Growth of the sauces, condiments, and dressings market is mainly bound to various macro-economic and micro-economic factors. Shift in consumer preferences for consumption of spicy food products is projected to rev up demand for condiments and sauces in the food industry. Surge in consumption of delicacies such as rice and pasta will continue to boost demand for various sauces and condiments to enhance the flavor of the food products. As primary quality assessment of the sauces continue to be measuring pH level, manufacturers are concentrating on acidification of sauces during the production process
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However, excessive or daily consumption of hot sauces is projected to adversely affect the health of consumers. In a recent report, CDC stated that overconsumption of salt raises the possibility of cerebrovascular accidents or stroke, heart disease and hypertension. In addition, the WHO states that the recommended consumption level of salt for a person should not exceed 5 grams every day. As sodium is an important ingredient for production of range of hot sauces, customers can be prone to various health issues.
Overconsumption of hot sauce can result in acid reflux or GERD (gastroesophageal reflux disease). In order to prevent gastroesophageal reflux diseases, customers with sensitive stomach avoid consuming spicy and hot sauces. Moreover, increasing consumption of various tomato sauces leads to various health problems such as dizziness, headache, and vomiting. Attributed to such factors, demand for dressing, sauces, and condiments is projected to remain low throughout the forecast period.
By 2017-end, the foodchain services distribution channel segment is projected to witness robust revenue growth, accounting for more than US$ 9,700 Mn. In contrary, the online store distribution channel segment is projected to represent the fastest growth in the global market of sauces, condiments, and dressing during the forecast period.
Major players in the global market of sauces, condiments, and dressing are Hormel Foods Corp, General Mills Inc, ConAgra Foods Inc, Nestle SA, The Kraft and Heinz Company, McCormick & Co Inc, PepsiCo Inc., Unilever Group, Clorox Co, The and Kikkoman Corp.
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