According to the latest report by IMARC Group, “Global Condiments Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global condiments market reached a value of US$ XX Billion in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027.
Condiments are substances added in small quantities to enhance the flavor of the food and make it visually appealing. They are mixed with various dairy products, ice creams, fruits, and vegetables and are packed in pouches, bottles, and sachets. Some of the most common condiments are ketchup, mustard, dips, sauces, spices, herbs, and syrups.
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Market Trends and Drivers:
One of the primary factors driving the market is the varying taste preferences of consumers. Besides this, the extensive application of condiments in restaurants for smoking, barbecuing, sous vide, and fire roasting to enhance flavor, texture, and nutrients in food products is another major growth-inducing factor.
Additionally, the origination of more nutritious, organic, and high-quality ingredients, along with the introduction of healthier alternatives such as tahini, balsamic vinegar, and guacamole, are propelling the market growth. Furthermore, the rising demand for ready-to-eat (RTE) products and significant growth in the food industry are escalating the product demand across the globe.
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Condiments Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global condiments market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Conagra Brands Inc., Kewpie Corporation, Kikkoman Corporation, Mars Incorporated, McCormick & Company Inc., Nestlé S.A., The Kraft Heinz Company, Del Monte Foods Inc., General Mills Inc., Hormel Foods Corporation, The Kroger Company and Unilever PLC.
Key Market Segmentation:
The report has segmented the global condiments market based on type, packaging type, distribution channel and region.
Breakup by Type:
Breakup by Packaging Type:
Breakup by Distribution Channel:
Breakup by Region:
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Key highlights of the report:
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