The global sauces and dressings market expected to witness a CAGR of over 4% during the forecast period. Certain factors that are driving the market growth include new product launches, the increasing need for convenience in cooking, and increasing demand for ethnic and spicy flavors. To know more about the driving factors in sauces and dressings market download the free sample report below.
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The demand for convenience food products has increased due to the hectic lifestyles in modern times and the need for leisure. This has encouraged manufacturers to introduce sauces and seasoning products that save cooking time and are easy to use.
The number of consumers that prefer to cook over dining outside is expected to rise and this is helping in boosting demand for food ingredients such as sauces and dressings. A surge in the number of single-person households and increasing social gatherings or parties will contribute to the demand for sauces and dressings. Hence, the increasing need for convenience in cooking is expected to drive the sauces and dressings market during the forecast period.
Consumers with tight budgets prefer private label products as they are priced lower than mainstream brands. To cash in on the increasing demand for private label products, various supermarket chains have come up with their own private label brands of pesto sauces. Further, more supermarket chains are expected to come up with their own private label brands of sauces and dressings. Thus, increasing private label brands will help in boosting the sauces and dressings market growth.
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