Global Condiment Sauces Market to Touch Us$23.39 Bn by 2020; U.S. and Japan to Lead Market

Transparency Market
Research

Condiment Sauces Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2014 - 2020

Published Date
31-12-2014

97 Page Report

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Press Release

Global Condiment Sauces Market to Touch US$23.39 bn by 2020;
U.S. and Japan to Lead Market

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Condiment Sauces Market

REPORT DESCRIPTION

The market for condiment sauces will be characterized by disparate consumer trends across the world,
says a report by Transparency Market Research. According to a report by the market research firm, the
global condiments sauces market will log a 3.21% CAGR from 2014 to 2020. The report, titled ‘Condiment
Sauces Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,’ states
that the market will rise in valuation to reach US$23.39 bn by 2020. In 2013, the market had a valuation of
US$18.68 bn.
Condiment sauces, as the term indicates, are sauces that use common condiments as their main
ingredients. These sauces are used to add flavor to both cooked and raw food (such as salads). While these
food products are consumed in large volumes across the world every year, many consumers are now trying
to wean themselves off condiments sauces that are high on salt, sugar, and artificial flavors. The trend,
palpably, is tilting toward condiment sauces that are healthier and made from natural ingredients.
While the demand for tomato ketchup will continue to remain high in countries such as the U.S., Germany,
Brazil, and Saudi Arabia, France will see a continued demand for mustard sauce, whereas soy sauce will
continue to be widely consumed in China and Japan. The report traces recent culinary trends that will likely
have a direct impact on the growth of the condiment sauces market...