Pune, India -- (SBWIRE) -- 09/12/2018 -- Market Overview:
Condiments are used as a flavor in the food preparations. They are mainly used as a food additive in various food such as sauces, dressings, dips, and others. Furthermore, they increase the shelf-life of the product, thus used in the pickle as a preservative. Increasing consumption of flavor enhancers backed up by a shift in consumers' food preferences is anticipated to propel the market growth at a global platform.

The mounting growth rate of flavor enhancers in the developing countries is causing an increased demand for sauces, dips, spices, and others. This has uplifted the demand for condiments in the foods & beverages industry. Moreover, convenience packed food products have demanded improved condiments product line, which has positively impacted the market growth of condiments.

Furthermore, R&D investments have led to new product launch in the range which has further added fuel to the growth of this market. Additionally, improvement in the production process and development of improved products from the major key players are supporting the growth of the global condiments market during the forecast period, 2017-2023.

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Competitive Analysis:
Some of the leading players profiled in the global condiments market: ConAgra Food Inc. (U.S.), Kraft Foods Inc.  (U.S.), Mars, Incorporated (U.S.), General Mills, Inc. (U.S.), Unilever Plc. (U.K.), Hormel Foods Corporation (U.S.), The Kroger Company (U.S.), and Nestlé S.A. (Switzerland)

Key Findings:
Asia Pacific region is experiencing a high demand for condiments as a potential food additive

Top exporters of condiments include the U.S., China, Germany, Italy, the Netherlands, and Thailand

Jun 2017, Kensington's launched artisanal condiments in 'organic profile' bottle. The product is also manufactured with premium packaging to seek consumers' attention towards their product line and to further increase their sale

Industry Segments:
The global condiments market is segmented into type, packaging material, and distribution channel.

On the basis of the type, it is segmented into spices, sauces & ketchup, dressings, others. Among all, the spices segment is dominating the market followed by sauces and ketchup owing to its higher application in "ready-to-eat" food products.

On the basis of the packaging material, it is segmented into plastics, glass, paper, others. Among all, the plastic segment holds the major market share due to its convenient packaging and convenience product usage property. Glass packaging is also evaluated to hold a significant share of the global market.

On the basis of the distribution channel, it is segmented into store-based and non-store based. Among all, the store-based segment is dominating the market owing to convenience shopping and one-stop shopping experience witnessed by the consumers. However, consumer's high inclination towards adopting the advanced technology is influencing the high growth of the e-commerce trading channels.

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Regional Analysis:
The global condiments market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America is dominating the condiments market followed by the Asia Pacific. The U.S in the North American region is experiencing a high demand for condiments from the "on-the-go" food products manufacturers. Moreover, increased consumption of sauces, dips, and ketchup in China, India, and Japan is supporting the growth of the condiments market in the Asia Pacific region.

Europe is the fastest growing condiments market owing to increasing demand for condiments as an additive in foods in Germany, France, and Italy.