Prepared
from grated horseradish root that has been mixed with mayonnaise or
salad dressing. It earns its popularity due to its unique taste and
can be used with variety of products, apart from its use as a sauce
it is also used as a dip and cream for sandwich preparations.
Horseradish sauce can also be used to create new sauces, like
horseradish sour cream, horseradish butter, horseradish cream cheese
etc.
Horseradish
Sauce market is expected to be driven by the fact that it is unique
in taste and can blend well with most of the food as a side sauce.
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Horseradish
Sauce Market Segmentation:
The
global horseradish sauce market is segmented on the basis of product
type, distribution channel, and region. Based on product type, the
horseradish sauce market is segmented into two main segments; creamed
and prepared horseradish sauce. The creamed version of horseradish
sauce is mild in taste as compared to prepared version, is has a
creamy texture and tends to have a better shelf life. On the other
hand the prepared horseradish sauce has more pungent taste, is
coarser in touch and generally requires refrigeration. It provides a
delicious side sauce for steak and pork dishes.
Based
on distribution channel, the global horseradish sauce market is
segmented as online retail, supermarkets/hypermarkets, grocery stores
and specialty food stores. Among which, sales through the Internet
and select retail stores are expected to increase its revenue shares
over the forecast period.
Horseradish
sauce Market Regional Outlook:
Horseradish
is native to Eastern and Mediterranean regions of Europe, and finds
its maximum production in the regions of Europe America, Asia and
England.
On
the basis of regions, the horseradish sauce market is segmented into
following main regions; North America, Latin America, Western and
Eastern Europe, Asia Pacific excluding Japan, Japan and Middle East.
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The
use of horseradish sauce is different in different parts of the world
for example the creamed horseradish sauce is more famous in parts of
Europe and England whereas the prepared horseradish sauce gains its
popularity in most of North America.
Horseradish
sauce Market Drivers and Trends:
The
growing demand of exotic food, steadily growing popularity of
conventional cuisines and innovative and salient packing is expected
to continue driving this market. Flavor, convenience and authenticity
are main drivers of this market. Specialty condiments, regional and
ethnic is expected to drive major growth in terms of volume of
consumption. Consumer preferences have shown impact on the global hot
sauce market and rising demand of new variants of sauces is expected
to drive the growth of horseradish sauce market in the forecast
period.
Hot
sauces are gaining popularity and people have a specific taste for a
specific type of sauce, the availability of horseradish sauce in
variety of preparations and spicy content is expected drive the
market growth in horseradish sauces market. Hot sauce awareness and
its promotion is relatively low as compared to other products among
sauces. Despite the low awareness the market has grown and is
expected to further grow significantly. Furthermore this can be used
as an opportunity to accelerate the market growth and grab the market
with certain multi-media campaigns. The market growth of hot sauces
including horseradish sauce is expected to grow exponentially
attributed to diversification around the globe, people of Asian,
Mexican cultures bringing in cultural hot sauces and diversifying the
market.
Horseradish
sauce Market Key Players:
The
market is fragmented between regional and global players. Some of the
key players in the global horseradish sauce market includes; Silver
Springs Food, H. J. Heinz Company, Unilever, Beaverton Foods, Woeber
Mustard Company, Dietz & Watson, Gold's Pure Foods, Llc, Tulkoff
Food Products and The Tracklement Company Ltd.
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