The global dressing and sauces market held a market value of USD 104.3 Billion in 2021 and is estimated to reach USD 177 Billion by the year 2030. The market is anticipated to register a CAGR of 6.3% during the forecast period.
With ever-increasing food preference change and lifestyle changes, several consumers are inclining towards dressings and sauces which involve different healthy nutrients and can be used on-the-go. The uptake of natural yogurt dressings and hot sauces in quick service restaurants as well as cafes is resulting in the demand for these types of product, which drives the growth for dressings and sauces industry.
In addition to that, the rising investment in food processing sector is propelling the demand for top-notch products. The focus on sustainability as well as natural packaging materials and utilization of resources effectively plays a crucial role in manufacturing, sales, and packaging of these dressing and sauce products. On the other hand, the high cost of raw materials is a hampering factor for dressing and sauces market.
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Growth Influencers:
Development in food packaging and supply chain technologies
Food containers specially intended for packaging assists in augmented shelf life of food by preserving and averting food from deterioration. The rising companies in the market are focusing on innovation as well as aesthetics of the food containers offering food manufacturers a path to innovative, accessible, and convenient food packaging. Active as well as intelligent food packaging systems are innovative branches that permits and supports heavy logistics.
Increasing adoption of online distribution channel
The rising online retailing and wholesaling channels are contributing heavily towards the growth rate. For instance, in October 2021, 7-India Convenience Retail Limited, a fully-owned subsidiary of Reliance Retail Ventures Limited (RRVL), inked an agreement with US-headquartered 7-Eleven, Inc (SEI) for the launch of 7-Eleven convenience stores in India. SEI, which is owned by a Japanese firm, operates, franchises, and licenses more than 77,000 stores in 17 countries. Thus, such measures drive the market growth.
Segments Overview:
The global dressing and sauces market is segmented into sauce type, application, distribution channel, and end user
By Sauce Type,
? Salads Dressings
o Mayonnaise
? Egg Mayonnaise
? Eggless Mayonnaise
o Oil-based Dressings
o Fresh Cream-based Dressings
o Natural Yoghurt Dressings
? Tomato Sauce
? Soy Sauce
? Hot Sauce
? Proprietary Sauces
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The salads dressings segment is projected to hold an opportunity of more than USD 20 Billion during 2022 to 2030. Based on the mayonnaise segment, the eggless mayonnaise sub-segment is estimated to record about 3 times more revenue than egg mayonnaise by 2023 owing to the increase in vegan and non-vegetarian preference by consumers. In addition to that, the natural yoghurt dressings segment is projected to hold the highest CAGR of 7.6%.
By Application,
? Salads
? Soups
? Pizza
? Burgers & Sandwiches
? Other Foods
The salads segment is likely to hold an opportunity of more than USD 18 Billion during 2022-2030. The pizza segment held the largest market share of more than 35% in 2021.
By Distribution Channel,
? Online
? Offline
o Supermarkets/Hypermarkets
o Departmental Stores
o Specialty Stores
The offline segment held the highest market share of more than 85% in 2021. Based on offline segment, the supermarkets and hypermarkets sub-segment held the highest CAGR of 6.4% amongst all offline channels.
By End User,
? Residential
? Commercial
o Hotels
o Restaurants & Cafes
o QSRs
o Others
The commercial segment held more than 3/4th of the market share in 2021 owing to the high use of dressings in hotels and quick service and fast food restaurants.
Regional Overview
By region, the global dressing and sauces market is divided into Europe, North America, Asia Pacific, Middle East & Africa, and South America.
The North American market for dressings and sauces is estimated to hold an opportunity of USD 20 Billion during 2022 to 2030 owing to the ever-changing preferences of consumers and increasing outdoor lifestyle. Moreover, the Asia-Pacific industry for dressings and sauces is likely to grow at the highest rate of 6.9% owing to the increase in adoption rate and palette changes of the population in the Asian countries.
The European region is anticipated to grow substantially owing to the increasing number of companies to develop cutting-edge products.
Competitive Landscape
Key players operating in the global dressing and sauces market include Mizkan America, Inc, Arcor SAIC, Daesang Corporation, Cargill Agr?cola S/A, Empresas Polar CA, Kraft Heinz Company, Industrias Iberia CA, Nestle SA, Unilever Group, Quala SA, Yoki Alimentos SA, Dr. Oetker, Campbell Soup Company, Masan Consumer Corporation, KEWPIEUSA, McCormick & Company, Inc, among others.
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The major four players in the market hold more than 15% of the market share. These market players are invested in product launches and partnerships. For instance, in December 2018, Kraft Heinz Company unveiled a broad range of dips under the brand name, Philadelphia Dips. Similarly, in May 2018, Arcor Group expanded its product portfolio and is ranked as the Argentine consumer food company with the largest Gluten-free products.
The global dressing and sauces market report provides insights on the below pointers:
? Market Penetration: Provides comprehensive information on the market offered by the prominent players
? Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
? Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
? Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global dressing and sauces market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
? Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
? Pricing Analysis: Pricing analysis of various types and other components used in the manufacturing of dressing and sauces
? Manufacturing Cost Analysis: Cost-share of various dressing and sauces materials, cost analysis of dressing and sauces materials, unit cost analysis of dressing and sauces
? Health Benefits of Ingredients, By Food Sources
The global dressing and sauces market report answers questions such as:
? What is the market size and forecast of the global dressing and sauces market?
? What are the inhibiting factors and impact of COVID-19 on the global dressing and sauces market during the assessment period?
? Which are the sauce type/segments/applications/areas to invest in over the assessment period in the global dressing and sauces market?
? What is the competitive strategic window for opportunities in the global dressing and sauces market?
? What are the technology trends and regulatory frameworks in the global dressing and sauces market?
? What is the market share of the leading players in the global dressing and sauces market?
? What modes and strategic moves are considered favorable for entering the global dressing and sauces market?
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