The global condiments market size reached US$ 9.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.
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2. About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on management
strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.
3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Condiments Market:
Global Industry Trends, Share, Size, Growth, Opportunity and Forecast
2023-2028," the global condiments market size reached US$ 9.0 Billion in
2022.
Condiments are a diverse and essential category of food products that enhance
the flavor, texture, and overall enjoyment of meals. These flavorful
accompaniments have earned a prominent place in culinary traditions
worldwide.
Moreover, condiments encompass a wide range of options, from classic staples
like ketchup and mustard to exotic and region-specific creations like sriracha,
tzatziki, and salsa. Condiments are also designed to elevate the taste of
various dishes, transforming ordinary meals into memorable culinary
experiences. They often provide a balance of flavors, adding a touch of
sweetness, tanginess, heat, or creaminess that complements the primary
ingredients.
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4. Report Description
Global Condiments Market Trends:
The increasing product demand owing to the changing consumer tastes and preferences is one of the primary factors
driving the market growth. As consumers seek diverse flavors and culinary experiences, there is a growing demand for a
wide range of condiments to enhance the taste of various dishes thus impelling the market growth. In addition to this, the
increasing awareness of health and wellness has led to a shift towards healthier condiments with lower sugar, sodium,
and fat content thereby favoring the market growth. In line with this, the globalization of culinary influences has expanded
the use of exotic and ethnic condiments, such as sriracha, kimchi, and harissa, which is acting as another growth-
inducing factor. Besides this, busy lif estyles have led to a rising demand for convenient, sing le-serve, and portable
condiment packaging options, which in turn is facilitating the product demand. Furthermore, the rising demand for
condiments produced through sustainable and eco-friendly practices, including packaging materials owing to the growing
environmental consciousness among the masses is favoring the market growth. Moreover, the significant growth of e-
commerce platforms has made condiments more accessible to consumers, allowing them to explore a wider variety of
products and flavors, which is proliferating the market growth. In addition, rapid innovations in restaurants, food trucks,
and catering services often introduce new condiment flavors and pairings thus bolstering the market growth. Moreover,
condiment manufacturers are providing clear and accurate nutritional labeling, including allergen information thus
contributing to the market growth. Apart from this, the implementation of stringent quality and safety regulations,
including adherence to food safety standards, impact the production and distribution of condiments, are supporting the
market growth.
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5. Report
Segmentation
Breakup by Type:
• Spices
• Sauces and Ketchup
• Dressings
• Others
Breakup by Packaging Type:
• Bottles
• Pouches and Sachets
• Others
Breakup by Distribution Channel:
• Supermarkets and Hypermarkets
• Specialty Stores
7. Competitive
Landscape with
Key Players
• Conagra Brands Inc.
• Del Monte Foods Inc.
• General Mills Inc.
• Hormel Foods Corporation
• Kewpie Corporation
• Kikkoman Corporation
• Mars Incorporated
• McCormick & Company Inc.
• Nestlé S.A.
• The Kraft Heinz Company
• The Kroger Company
• Unilever PLC.
8. Key Questions
Answered in
the Report
How has the global condiments market performed so far, and
how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the
global condiments market?
What is the impact of each driver, restraint, and opportunity
on the global condiments market?
What are the key regional markets?
Which countries represent the most attractive condiments
market?
What is the breakup of the market based on the type?
Which is the most attractive type in the condiments market?
9. Key Questions
Answered in
the Report
What is the breakup of the market based on the packaging
type?a
Which is the most attractive packaging type in the
condiments market?
What is the breakup of the market based on the distribution
channel?
Which is the most attractive distribution channel in the
condiments market?
What is the competitive structure of the global condiments
market?
Who are the key players/companies in the global condiments
market?
10. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Condiments Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Spices
6.1.1 Mark et Trends
6.1.2 Mark et Forecast
6.2 Sauces and Ketchup
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
6.3 Dressings
6.3.1 Mark et Trends
6.3.2 Mark et Forecast
11. Table of
Contents
6.4 Others
6.4.1 Mark et Trends
6.4.2 Mark et Forecast
7 Market Breakup by Packaging Type
7.1 Bottles
7.1.1 Mark et Trends
7.1.2 Mark et Forecast
7.2 Pouches and Sachets
7.2.1 Mark et Trends
7.2.2 Mark et Forecast
7.3 Others
7.3.1 Mark et Trends
7.3.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Supermarkets and Hypermarkets
8.1.1 Mark et Trends
8.1.2 Mark et Forecast
8.2 Specialty Stores
8.2.1 Mark et Trends
8.2.2 Mark et Forecast
8.3 Convenience Stores
8.3.1 Mark et Trends
8.3.2 Mark et Forecast
8.4 Online Stores
8.4.1 Mark et Trends
8.4.2 Mark et Forecast
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