The
global
condiments sauces market is the focus of analysis of a recent
market research report published by Transparency Market Research. The
study underlines the rising popularity of international cuisines
among the global population as a chief factor driving the market. The
market is expected to exhibit a positive CAGR of 3.2% from 2014
through 2020, and rise from a valuation of US$19.35 bn in 2014 to
nearly US$23.40 bn by 2020.The report is titled “Condiment Sauces
Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2014 - 2020,” and is available for sale on the company’s
website.
Condiment
sauces are a variety of ready-to-use sauces or cooking sauces that
are used in several cuisines for adding flavor to food or to be used
as table dips or both. In many countries across the globe, a variety
of condiment spices are used regularly alongside many dishes and in
several recipes. Condiment spices are also an integral part of many
fast food recipes and have witnessed an increased demand in the past
years owing to the rising consumption of fast food among busy city
dwellers.
The
TMR report on condiment spices gives a detailed overview of the
present state of the market and a forward-looking perspective of the
market’s growth prospects over the forecast period. A thorough
overview of the major factors, which are projected to have a
measurable impact on the market’s growth prospects over the
forecast period, has also been included in the report.
For
making the complex market data easy for application and
comprehension, the market has been examined from the point of view of
two broad criteria: type of condiment sauce and geography.
Download
Free exclusive Sample of this
report:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1548
On
the basis of type, the market has been analyzed for varieties such as
soy-based sauce, mustard sauce, chili/hot sauce, tomato ketchup,
brown sauce, and national specialties.
From
the geographic perspective, the global condiment spices market has
been analyzed for Asia Pacific, North America, Europe, and Rest of
the World. Countries in Asia Pacific have been the leading consumers
of a variety of condiment spices historically. Over the forecast
period as well, the market will continue to witness substantial
demand in the region. Primary reasons for the positive growth
prospects of the market in the region will be the rising consumption
of fast food, for which condiment sauces are a core ingredient in
recipes popular in the region, increased disposable incomes, and a
flourishing tourism industry. Japan became the second-largest market
for condiment sauces in 2014 owing to the high demand for soy sauce.
U.S.
was the leading market for condiment sauces in the same year and is
expected to be a major consumer over the forecast period as well,
making North America a key regional market for condiment sauces.
The
report also gives comprehensive insights into the competitive
landscape of the global condiment sauces market with the help of
detailed business profiles and other crucial details pertaining to
some of the most influential vendors in the market.
The
market has been segmented as follows:
Global
Condiment Sauces Market, by Type
- Chili/hot sauce
- National Specialties
- Brown Sauce
- Mustard Sauce
- Tomato Ketchup
- Soy based Sauce
- Other Condiment Sauce
Global
Condiment Sauces Market, by Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
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