London, 29 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Sauces and Dressings Market 2014-2018, which is expected to grow at a CAGR of 4.78 percent during the forecast period of 2013-2018.
“The consumption volume of sauces and dressings is increasing year-on-year with the increased trend of at-home cooking and growing interest in different cuisines,” says Faisal Ghaus, Vice President of TechNavio.
“The availability of small and convenient packs has also increased the consumption volume of sauces and dressings globally.”
Key Market Drivers
- Need for Convenience by Consumers
- Increased Interest in Sauces and Dressings
- Wide Reach through Organized Retailing
- High Demand for Ethnic Sauces and Flavors
- New Product Launches
Key Market Trends
- Increase in Demand for Hot Sauces
- High Demand for Natural and Organic Sauces and Dressings
- Increase in At-home Cooking
- Demand for Gluten-free Sauces and Dressings
- Increase in Private Labels
Key Market Vendors
- H.J. Heinz Co.
- Kraft Foods Group Inc.
- Nestlé SA
- Unilever Group
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
