The increasing popularity of international cuisines and dishes is one of the biggest factors fuelling the rising demand for sauces, dressings, and condiments across the globe. Since the last few years, there has been a surge in cross-cultural interaction and awareness, which has significantly boosted the popularity of a lot of exotic dishes and cuisines. Additionally, the increasing disposable income and busy lifestyles of people in several countries are further pushing the demand for ready-to-eat dishes, which is in turn, leading to a huge rise in the sales of sauces, dressings, and condiments across the word.
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The increasing need for easy cooking options and dishes requiring shorter cooking times are the other factors contributing toward the soaring sales of various types of sauces, condiments, and dressings throughout the world. Due to these factors, the revenue generated from the worldwide sales of sauces, condiments, and dressings is expected to rise from $115.3 billion to $143.9 billion from 2017 to 2023. The global sauces, dressings, and condiments market is predicted to exhibit a CAGR of 3.8% during the forecast period (2018—2023).
The most widely used types of dressings, condiments, and sauces are table sauces, cooking ingredients, dips, and pastes and purees, and pickled products. Out of these, the consumption of table sauces was found to be the highest in 2017, on account of the high consumption of snacks and fast food, which usually contain these sauces in huge amounts.
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The table sauces are further divided into chilli sauces, tomato sauces, soy sauces, mayonnaise, horseradish sauces, barbecue sauces, and mustard sauces. Amongst these, the consumption of mayonnaise and tomato sauces was recorded to be very high in the last few years.