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 sauces, condiments, and dressings market is projected to reflect a CAGR of 2.3% over the forecast period, 2017-2026.
Changing taste patterns of the customers has led them to experiment with new delicacies and flavors. Demand for the spicy food products is expected to rev up with the increasing preference for organic and natural food flavors. Consumption of food products such as pasta and rice with various sauces, condiments and dressing continues to remain in vogue globally. Increasing shift towards consumption of spicy food products is further expected to boost demand for various condiments, sauces, and dressing significantly. Growing need to control the pH in sauces continues to remain a major challenge among the sauce manufacturers. In order to control the pH in sauces and offer enhanced flavor has led to surge in acidification process of the sauces.
As customers are becoming more conscious about their health, manufacturers are increasingly opting for organic and natural ingredients for food products. Demand for food products that have minimum or no additives or preservatives continue to remain high among the modern consumers. In addition, surge in demand for on-the-go and convenience food products has led the manufacturers to increasingly offer ready-to-use pouches of sauces and mixed herbs that customers can conveniently use to garnish on the food products while travelling or working. Surge in demand for on-the-go food products will continue to boost sales of the sauces, condiments, and dressing globally.
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Overconsumption of salt has continued to impact health of the customers adversely. According to CDC, excessive consumption of sodium increases the probability of hypertension, stroke or cerebrovascular accidents and heart disease. Moreover, World Health Organization recommends that consumption of salt by an individual should not be less than 5 grams daily.
As sodium continues to remain a major ingredient in range of hot sauces, overconsumption of the hot sauces can adversely affect the health of customers. Excessive consumption of hot sauces can lead to gastroesophageal reflux disease (GERD) or acid reflux. Due to growing apprehensions of acid reflux, customers with sensitive stomachs avoid consumption of various hot and spicy sauces. In addition, excessive consumption of tomato sauce can cause headache, vomiting and dizziness. Bound to these factors, demand for the sauces, condiments, and dressings is expected to drop during the forecast period.
Cooking Sauce to Represent a Leading Segment
Growing need to enhance flavor of various delicacies has led to surge in demand for cooking sauces in the food industry globally. On the basis of product type, the cooking sauce segment is expected to represent the highest revenue growth, accounting for a value of over US$ 14,500 Mn by the end of 2026. In contrary, the pickled product type segment is expected to register a robust CAGR during the forecast period.
Based on distribution channel, the foodchain services segment is expected to generate significant revenues, recording a value of over US$ 9,700 Mn by the end of 2017. On the other hand, the online store distribution channel segment is expected to register significant CAGR throughout the forecast period.
Leading market players operating in the global sauces, condiments, and dressing market include General Mills Inc, Hormel Foods Corp, Nestle SA, ConAgra Foods Inc, McCormick & Co Inc, The Kraft and Heinz Company, Unilever Group, PepsiCo Inc., Kikkoman Corp and Clorox Co.
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