The Europe Sauces, Dressings, and Condiments market is expected to develop at a compound annual growth rate (CAGR) of 6.0% over the course of the forecast period, reaching a value of USD 4.8 Bn by 2032. The market is currently valued at USD 3.4 Bn. According to recently made available market analysis data from Future Market Insights, the demand for Europe Sauces, Dressings, and Condiments is expected to increase by 3.8% in 2022.
Sauces, dressings, and condiments are the blend of various ingredients inducing herbs, spices, among others. These are commonly used in many dishes as tomato paste, soy sauces, pasta sauces, purees, cooking sauces, ketchup, mayonnaise, mustard, salad dressings, dips and other sauces.
Sauces, dressings, and condiments are among the most important and flavouring ingredients in food products such as seafood products, bakery, fruits and vegetable products, baby foods, ice-cream, and dairy products. Being an indispensable part of the European cuisine, the demand for sauces, dressings, and condiments is likely to remain healthy in the region, which is expected to reflect in a steady growth of the European market for sauces, dressings, and condiments.
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Health Quotient: Manufacturers Focus on Offering Low-calorie and Low-fat Products
The health-conscious approach of consumers is unwavering, and the demand for sauces, dressings, and condiments with health-benefiting ingredients will never cease to grow.
Leading manufacturers in the Europe sauces, dressings, and condiments market are witnessing the rising popularity of low-sodium variants of products, which also triggers them to increase the use of healthier ingredients in sauces, dressings, and condiments.
In the coming years, manufacturers will have to increase focus on food innovation rather than banking completely on the products that are labelled as organic, gluten-free, vegan, and low calorie to boost sales.
Constantly boosting the research & development activities to improve the ‘health-quotient’ of their products while reducing the use of ‘health-harming’ ingredients, which continue to remain a sure-fire formula for attracting new consumers in the European markets.
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Offering Shelf-stable Products while Reducing the Use of Preservatives Continues to be a Challenge
Modern consumers are becoming more and more heedful towards the ingredients of food products before making a purchase. Growing awareness about the negative impacts of chemical preservatives has made consumers highly label-conscious, and this has made a significant impact on the dynamics of Europe sauces, dressings, and condiments market.
Though these products normally have a better shelf life than other perishable food products, manufacturers still need to maintain a low pH to curb the growth of pathogens and spoilage microorganisms. In order to offer healthier products, companies will have to resort to innovative food techniques such as acidification, or pH-regulation. This can enable market players to deliver a great flavour while maintaining an appropriate pH level in their products, and stay on the top of challenges in Europe sauces, dressings, and condiments market.
Indirect Impact of the COVID-19 Pandemic will Disrupt Traditional Growth Strategies
The global outbreak of the novel coronavirus has had a huge impact on various industrial areas, and the food industry is no exception. Changing operations in the value and supply chains of various segments of the industry will also trigger players in the sauces, dressings, and condiments markets in the European Unions. Manufacturers will have to increase focus on curbing the production costs in order to maintain competitive prices, and manage healthy revenue cycles.
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However, the declining impact of the COVID-19 pandemic in the region is soon likely to give a ray of hope for market players in the region.
Consumer Inclination towards International Cuisines Hint at Rise in Flavour Innovation
While the trends are bound to change periodically, the impact of product innovation on sales will never decline, and this is one of the preliminary factors that will continue to drive investments in the Europe sauces, dressings, and condiments market.
Manufacturers are noticing a significant spike in the popularity of international cuisine across the European countries, and this is triggering them to introduce innovative flavours of their products. Consequently, introducing new flavour profiles will soon emerge as an important aspect of the ‘recipe of success’ in the European market for sauces, dressings, and condiments, in the coming future.
Europe Sauces, Dressings, and Condiments Market: Region-wise Analysis
Based on geographies, the European market for sauces, dressings, and condiments is broadly segmented into Germany, France, UK, Spain, Italy, Eastern Europe, and rest of the European region. Different countries in Europe act as an individual market in itself. For instance, sauces, dressings and condiments market in Germany experienced slow growth in the past 3-4 years. However, there is a significant rise in sales of pickled condiments in the region.
The demand for condiments is expected to remain higher than other products in the country. Furthermore, an increasing number of German households seem to be inclined towards using readymade sauces, mainly to reduce the cooking time. On the other hand, in France, sauces, dressings and condiments demonstrated drastic growth.
Herbs and spices, dips and low-calorie dressings have been witnessing maximum demand in the country since the past few years, and the trend is expected to continue in the coming years.
Europe Sauces, Dressings, and Condiments Market: Competitive Landscape
- Nestle SA
- Unilever group
- Fuchs Gewürze Gmbh Co
- H.J Heinz
- Kraft Foods Group Inc.
- Walmart storeInc.
- ConAgra Foods Inc.
- Frito-Lay Co.
- Amora, Knorr
- Savora
- General Mills Inc.
- Hormel Foods Corp
- Kroger Co.
Growing interest of consumers in foreign cuisine and convenience products would help the European sauces, dressings and condiment Market to show positive growth in the near future.
In Europe, the demand for vegan variants of sauces, dressings, and condiments is expected to witness an exceptional boost in the new future, and manufacturers are modifying their strategies to win in the market. For instance, In January 2020, Tesco plc, trading as Tesco, – a British multinational groceries and general merchandise retailer, announced that it has launched the UK’s first ever range of vegan or plant-based condiments as a part of its vegan Wicked Kitchen product line.
The company states that it has been witnessing a significant rise in the sales of its plant-based food products, and consequently, it made a decision to launch a range of vegan condiments to cater to its widening group of plant-based food shoppers. Tesco’s new range of vegan condiments includes a Asian style BBQ sauce, siracha sauce, horseradish and mustard sauce, a mango sauce, beetroot dressing, and teriyaki sauce.
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Region
- Germany
- France
- UK
- Spain
- Italy
- Eastern Europe
- Others
Europe Sauces, Dressings, and Condiments Market: Segment Analysis
The Europe sauces dressings condiments market can be segmented on the basis of the following:
By Type
- Dry Sauces
- Herbs and Spices
- Pasta Sauces
- Barbecue Sauces
- Cocktail Sauces
- Ketchup
- Mayonnaise
- Imitation Whipped Cream
- Vegetable Oils
- Others
By Applications
- Cooking Sauces
- Table Sauces
- Dips
- Pickled Products
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 8 years.
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