Sauces, dips and condiments is expected to record a slower retail volume CAGR over the forecast period than that registered in the review period, which included the spike seen in 2020 due to the shift to home seclusion during the COVID-19 crisis. Furthermore, consumers are expected to gradually return to patronising foodservice channels over the forecast period, leading to a lower demand for sauces, dips and condiments through retail.
Mustard is expected to record the slowest volume growth over the forecast period for several reasons. For one, mustard is not a popular table sauce amongst local consumers, with no real tradition of local consumption.
It is projected that monosodium glutamate (MSG) will continue to struggle over the forecast period, registering a sluggish performance due to the widely held consumer belief that it is bad for health. There is also a lack of active product innovation in the category, while brand options are limited to Ajinomoto.
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Sauces, Dips and Condiments
This is the aggregation of cooking ingredients and condiments, dips, pickled products, sauces, yeast-based spreads, and other sauces, dips and condiments. Excludes: Unpackaged/bulk sauces, dressings and condiments, such as unpackaged herbs and spice or instances where consumers bring an empty contained to be (re)filled. Excludes: Table salt, vinegar, baking ingredients, desiccated coconut, and cooking cream/milk/powder for cooking and baking.See All of Our Definitions
This report originates from Passport, our Sauces, Dips and Condiments research and analysis database.
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