Condiments, Sauces, Dressings and Seasonings Market to Reach Over $69 Billion by 2012, According to New Report by Global Industry Analysts
Growing demand for convenience foods and fascination for ethnic cuisine is fueling sales of food accompaniments of various types. Buoyed by favorable trends worldwide, the market for condiments, sauces, dressings and seasonings is projected to reach over $69 billion by 2012.
San Jose, California (PRWEB) November 12, 2008
The trend towards convenience foods, higher demand for exotic cuisine and innovative packaging continue to drive demand for food accompaniments and ingredients such as condiments and sauces. Added to the exposure caused by changing ethnic mix of national populations, people are journeying abroad in ever-increasing numbers and broadening their food horizons. The trend towards healthy living coupled with time-pressed, busy lifestyles also contributes significantly towards the growing preference for ready-to-eat products. Further, with increasing disposable incomes, presence of multinational brands and a change in eating habits is propelling demand in emerging economies.
United States is the largest market worldwide, worth an estimated US$11.2 billion in 2008, as stated by Global Industry Analysts, Inc. Europe is the second largest market followed by Asia at third position. Collectively, North America, Europe and Asia (including Japan) account for over 85 percent of the global condiments, sauces, dressings, & seasonings (http://www. strategyr. com/Condiments_Sauces_Dressings_And_Seasonings_Market_Report. asp) market. Germany, UK and France are the three largest European markets cornering over 40% share. The global and regional markets are expected to register CAGRs ranging between 2% and 6%. Sales of sauces (wet condiments) are forecast to reach close to US$60 billion by 2015. The market for salad dressings (http://www. strategyr. com/Condiments_Sauces_Dressings_And_Seasonings_Market_Report. asp) is forecast to exceed US$17 billion in 2013. The market for seasonings, spices and extracts (http://www. strategyr. com/Condiments_Sauces_Dressings_And_Seasonings_Market_Report. asp) is projected to be over US$15 billion by 2015.
The sauces, dressings and condiments market is highly fragmented and dominated by a large number companies and brands. Market participants include Ajinomoto, Ariake Japan, Campbell Soup, Clorox, ConAgra Foods, Del Monte Foods, Frito-Lay Inc, H. J. Heinz Co, Kraft Foods, McCormick & Company, Nestle SA and Unilever.
"Condiments, Sauces, Dressings, & Seasonings: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, product profile, players, competition, new product introductions, recent developments, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Japan, France, Germany, the UK, Italy, Spain, Asia, Latin America and the Middle East. Analytics are provided in terms of product segments including Condiments (Sauces or Wet Condiments and Seasonings or Dry Condiments ) and Salad Dressings (Pourables, Dry Mix, Mayonnaise and Spoonables). The study also presents historic data for an insight into market evolution over the past fifteen years.
For more details about this research report, please visit
Http://www. strategyr. com/Condiments_Sauces_Dressings_And_Seasonings_Market_Report. asp (http://www. strategyr. com/Condiments_Sauces_Dressings_And_Seasonings_Market_Report. asp)
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (http://www. StrategyR. com/) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
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