Global Condiments Market 2019-2023 | 4% CAGR Projection over the Next Five Years | Technavio

A key factor driving the growth of the global condiments market is the health benefits associated with the consumption of condiments. Major sub-categories of condiments including sauces, dressings, mustards, and pickles are frequently being infused with healthy ingredients. 

The consumption of these condiments also lowers the risk of cardiovascular diseases as they are rich sources of lycopene containing powerful antioxidants. Similarly, the regular intake of buckwheat honey also protects the cells from the damaging effects of free radicals and reduces the risk of cancer and muscular degeneration. The consumption of other condiments such as various herbs and spices also helps in detoxifying the body by removing carcinogens and suppressing the growth of the existing tumors. 

Thus, growing awareness of the several health benefits offered by condiments will eventually drive their adoption among the end-users during the forecast period. As per the latest market research report published by Technavio, the global condiments market has the potential to grow by USD 37.02 billion during 2019-2023, and the market’s growth momentum will accelerate throughout the forecast period. Get the free sample report below for the detailed information.

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Clean-labeled, organic, gluten-free condiments are gaining popularity owing to the growing shift in preferences among the consumers owing to growing health-consciousness. Vendors are increasingly striving toward manufacturing condiments from natural, organic, and high-quality ingredients for providing better-quality options to the consumers. In addition, there has been a growing prominence of specialty condiments in the recent years. 

Innovations in the specialty condiments category including the demand for plant-based spreads, low sugar cooking sauces, and an array of authentic and ethnic offerings such as harissa. As a result, with the launch of new products, the growth of organic and shelf-stable condiments is likely to foster the market growth during the next few years. To know the complete and in-depth analysis and forecast of this market get the complete report by clicking the link below.

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