DUBLIN--(BUSINESS WIRE)--The "Sauces, Dressings, and Condiments - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Sauces, Dressings, and Condiments estimated at US$30.5 Billion in the year 2020, is projected to reach a revised size of US$39.2 Billion by 2027, growing at a CAGR of 3.6% over the analysis period 2020-2027.
Table Sauces & Dressings, one of the segments analyzed in the report, is projected to record a 3.5% CAGR and reach US$16.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cooking Sauces segment is readjusted to a revised 4% CAGR for the next 7-year period.
The Sauces, Dressings, and Condiments market in the U.S. is estimated at US$8.2 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$8.2 Billion by the year 2027 trailing a CAGR of 6.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 2.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.
In the global Dips, Pasta, & Purees segment, USA, Canada, Japan, China and Europe will drive the 4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.5 Billion in the year 2020 will reach a projected size of US$4.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.5 Billion by the year 2027, while Latin America will expand at a 5.2% CAGR through the analysis period.
Select Competitors Featured:
- Bolton Group Srl
- CaJohns Fiery Foods
- Conagra Brands, Inc.
- Del Monte Foods, Inc.
- Edward & Sons Trading Co.
- General Mills, Inc.
- Ken's Foods, Inc.
- Kikkoman Corporation
- McCormick & Co., Inc.
- Mrs. Klein's Pickle Co.
- Newman's Own, Inc.
- Stokes Sauces Ltd.
- The Kraft Heinz Company
-
Unilever PLC
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 359
For more information about this report visit https://www.researchandmarkets.com/r/yyroqm
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