Wide array of flavour offerings and growing demand for convenience products will drive the Global Condiments Market in the Forecast Period of 2021-2026

[Market News]

The new report by EMR titled, ‘Global Condiments Market Report and Forecast 2021-2026’, gives an in-depth analysis of condiments, assessing the market based on its segments like products, distribution channel, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026)

Forecast CAGR (2021-2026): 4.5%
Increasing per capita income, rising demand for organic and clean labeled condiments, growing awareness about multiple product types and their usage through social media and digital channels are some of the major factors expected to influence the growth of the market in the forecast period. Additionally, the wide variety of products catering to vegan, gluten-free and low-fat diet is also anticipated to augment market demand. Increasing demand for convenience food products complemented with the growth of QSRs specially in the emerging economies will also boost market growth.

Industry Definition

A condiment can be defined as a spice or a sauce that is usually added to the cooked food to provide a particular flavour or to enhance the flavour or aesthetics or both of the dish.

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By product, the market is segmented into:

Table Sauces
Cooking Ingredients
Mustard
Others
The market, based on distribution channel, can be studied into:

Offline Stores
Online Stores
The regional markets for the Global Condiments Market can be separated into:

North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Italy
Others
Asia Pacific
China
Japan
India
ASEAN
Australia
Other
Latin America
Brazil
Argentina
Mexico
Other
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Nigeria
South Africa
Others
Market Trends

Health consciousness and shifting of consumers to clean-labelled, gluten-free, and organic condiments are the key trends that will be witnessed in the market in the near future. To cater to the health consciousness, companies are developing condiments with lower calories, sugar, and preservatives. Additionally, consumers are shifting toward natural, organic, and high-quality ingredients and raw materials. Companies are also developing innovative, unique, international, and new flavours of specialty condiments with a variety of authentic and ethnic products.

Key Market Players

The major players in the market include Conagra Brands, Inc., Kewpie Corp., McCormick & Co., Inc., The Kraft Heinz Co., and Unilever Plc among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

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Media Contact

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