Cold Sauces: Market Outlook
Cold sauce is a creamy liquid used to either prepare or serve with food. Sauce adds moisture and flavor to food while enhancing its palatability. Cold sauce adds taste to food and is used in garnishing food items such as burgers, salads, sandwiches, and other snacks. The cold sauce is on an upward trend as sauces with food stuff such as fries has become fashionable.
Increasing emphasis on healthy eating is going to be a major challenge that manufacturers of cold sauces have to address. Due to steady recovery of the economy in the United States more and more people are inclined to eat out and this may impact the demand for sauces, dressings and condiments in the country.
The regions like Asia-Pacific and Middle East is anticipated to have a lucrative demand for the cold sauce owing to the increasing per capita disposable of the consumers and increasing trend for western cuisines among the demographic.
Rising Awareness of Health and Wellness Products Boosts Cold Sauces Market
In the 21st century, consumers are extremely conscious of their health and opt for natural and organic products, driving the development of cold sauces. Products that have minimal to no preservatives or additives have the maximum demand. There is a trend towards convenience or on-the-go foodstuffs that has resulted in the development of cold sauces that are time-saving and easy to use including prepared mixed herbs. The advent of convenient packaging makes it well-suited for single-person households and this is projected to be an area of focus for companies in the cold sauce market.
Globally, due to changing lifestyle patterns and hectic schedules people are in the habit of substituting fibrous and healthy diets with convenient food options. This is a major reason for increasing health problems such as diabetes, obesity, and high blood pressure. Consumers are increasingly becoming aware of healthier food options, and are more inclined towards the ingredients in food.
Cold Sauces Market Segmentation
On the basis of nature, the cold sauces market has been segmented as-
On the basis of product type, the cold sauces market has been segmented as-
- Barbecue Sauce
- Soy Sauce
- Fish/Oyster Sauce
- Herb and Spice Sauce
- Others (Steak, Tartar, Worcestershire, etc.)
On the basis of form, the cold sauces market has been segmented as-
On the basis of packaging, the cold sauces market has been segmented as-
- Stand-up Pouches
On the basis of distribution channel, the cold sauces market has been segmented as-
- Store- based retailing
- Convenience Stores
- Mass Grocery Retailers
- Food and Drink Specialty Stores
- Online retailing
- Store- based retailing
Cold Sauces Market: Key Players
The market players operating in the cold sauces are McCormick & Co Inc., Unilever Group, Kikkoman Corp, Giovanni Food Company, Inc., ConAgra Foods Inc., Monterey Gourmet Foods, Kraft Foods Group, Inc., Lassonde Specialties Inc., General Mills Inc., Nestle S.A., Delgrosso Foods Inc., Nature’s SunGrown Foods, Inc., Heinz Co, Clorox Co., B&G Foods, Inc., Mizkan America, Inc., Tiger Foods, Barilla G. e R. F.lli S.p.A. P.I. and others.
Cold Sauces Market Opportunities
The manufacturers are expected to understand customer needs and offer cold sauce products accordingly. They should focus on maintaining robust value chain in order to reduce price of the final product. Offering convenient products and variants is a growing trend in the global cold sauces market. Producers are expected to keep focus on developing low sodium sauces, dressings, and condiments in order to cater the increasing demand for health foods as the number of health conscious customers increases.
The demand for ingredient-specific products leads to the launch of new cold sauce products. The demand for specific ingredient products is increasing among consumers. Consumers are shifting their preferences towards personalized nutrition in food which caters to the need of specific individuals.
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