Sauces, Dressings, and Condiments Market Analysis by Trends, Size, Share, Growth Opportunities, and Emerging Technologies

The global sauces, dressings, and condiments market is predicted to reach a value of $143.9 billion, increasing from $115.3 billion in 2017, exhibiting a 3.8% CAGR during the forecast period (2018–2023), according to a report by P&S Intelligence. The launch of new flavors, introduction of low-fat substitutes, rise in the utilization of organic and natural ingredients, and increasing willingness of consumers to try international cuisines.

Among all these, the table sauces division contributed the largest revenue share of more than 30.0% to the market in 2017, as table sauces are utilized extensively with snacks and fast foods as instant accompaniments. Table sauces are further of different types, namely horseradish sauce, chili sauce, mayonnaise, soy sauce, oyster sauce, mustard sauce, and barbecue sauce. The demand for tomato sauce has been the highest in the past among all the table sauces.

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