According to Market Research Future (MRFR), The global condiments market trend is expected to reach USD 98.3 billion with a significant CAGR of 5.4% 2019 to 2024 (forecast period). The report highlights the main developments in the global market for condiments in light of the novel COVID-19 pandemic. The report includes a thorough review of the different aspects of the industry that are likely to be affected by the pandemic.

Condiments are substances used to enhance the flavor and overall organoleptic properties of food preparation. The principal types of condiments include spices, sauces & ketchups, and dressings. The wide variety of condiments available on the market is used for cooking, and table dips to flavor the food.

Key Players

Some of the leading market participants identfied by MRFR in the global condiments market are McCormick & Company (US), Nestlé (Switzerland), ConAgra Food Inc. (US), Kraft Foods Inc. (US), Unilever (UK), Hormel Foods Corporation (US), The Kroger Co. (US), General Mills, Inc. (US), Mars, Incorporated (US), Midas Foods International (US), Kikkoman Corporation (Japan), Nutri-Asia, Inc. (Philippine), Sing Cheung Co.(India), Del Monte Foods, Inc (US), and Three Threes Condiments Pty Limited (Australia) .

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Market Dynamics

Condiments are a source of flavor enhancement in any food item, which is a major driver of market growth. The acceptance of cross-cultural eating habits also boosts the growth of the market. Increasing demand for convenient food products has also led to the growth of the condiment market in order to enhance the organoleptic properties of food products. Furthermore, the inclination towards organic condiments among the health-conscious population has paved the way for condiment manufacturers. In addition, a growing health-conscious population is driving key players to focus on a new range of condiment items with health claims.

Market Segmentation

The global market for condiments has been segmented based on type, packaging type, distribution channel, and region.

Based on type, the global market for condiments has been classified as spices, sauces & ketchup, dressings, and others.

Based on packaging type, the global market for condiments has been classified as bottles, pouches & sachets, and others.

By distribution channel, the global market for condiments has been divided into store-based and non-store-based. The segment for store-based is further sub-segmented into supermarkets and hypermarkets, convenience stores, and others.

Regional Analysis

The global market for condiments has been studied concerning four key regions—North America, Europe, Asia Pacific, and the rest of the world.

The Asia Pacific is expected to dominate the condiment market and be the fastest-growing region in the forecast period. There is a widespread use of condiments in the cuisines of this region, which is a significant driver of the market's growth. In addition, a growing number of fast-food restaurants in developing countries in the region are expected to fuel the growth of the condiment market in the Asia Pacific.

The market in Europe accounts for a large share of the overall condiments market. The growing demand for food flavor enhancers in convenience foods is anticipated to promote the growth of the European market for condiments.

North America also has a fair share of the global condiments market, with the US being the key contributor in the region. Increasing demand for organic condiments is anticipated to propel the growth of the condiment market in this region.