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Report Overview
The global condiments market attained a value of USD 29.57 Billion in 2024. The industry is expected to grow at a CAGR of 4.50% during the forecast period of 2025-2034 to attain a value of USD 45.92 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
- According to the USDA, Australia’s food, drink, and grocery sectors contributed 33% to its manufacturing in 2021, generating AUD 116 billion. The demand for condiments is rising, driven by the growing popularity of ethnic and exotic flavours, as well as the increasing demand for ready-to-use packaged sauces and dressings.
- McDonald’s operates 2,566 restaurants across Latin America as of 2023. The chain has expanded its menu to include diverse flavours, such as new burger options and dipping sauces for Chicken McNuggets. This innovation is driving the usage of condiments, as customers seek to enhance their meals with a variety of flavours.
- The USDA reports that the UK’s demand for plant-based meat and dairy doubled to USD 1.6 billion by 2020. As plant-based options gain popularity, consumers are increasingly seeking condiments such as sauces, dressings, and dips to complement their meals, thus boosting demand for a wide variety of condiments.
Competitive Landscape
The condiments market key players produce a wide array of products, including condiments, sauces, ready-to-eat meals, cheese, and snacks. Renowned for their innovation in food manufacturing, these companies have a strong presence in both retail and food service sectors, serving millions of consumers globally. They focus on sustainability, aiming to reduce their environmental impact through initiatives like sustainable sourcing, waste reduction, and eco-friendly packaging.
Key Industry Players
Conagra Brands, Inc. (NYSE: CAG): Headquartered in Chicago, Illinois, Conagra Brands was established in 1919. The company is a leading North American manufacturer of branded food products, offering a wide range of condiments, snacks, meals, and frozen foods. Its popular brands include Healthy Choice, Hunt's, and Slim Jim.
Del Monte Foods, Inc.: Founded in 1886 and headquartered in Walnut Creek, California, Del Monte Foods is a major American producer of processed food products. Known for its canned fruits and vegetables, the company also offers a wide range of condiments, beverages, and snacks under its Del Monte and other brand names.
Kewpie Corporation: Established in 1919 and based in Tokyo, Japan, is renowned for producing mayonnaise, dressings, and sauces. The company is a leading condiment manufacturer in Japan, known for its high-quality products. Kewpie also offers a wide range of other food products, including processed foods and seasonings.
McCormick & Company, Inc.: Founded in 1889 and headquartered in Hunt Valley, Maryland, is a global leader in the spice, seasoning, and condiment industry. The company offers a vast range of products, including spices, herbs, seasoning mixes, sauces, and condiments, serving both retail and food service markets.
Other key players in the condiments market report include Unilever PLC, The Kraft Heinz Company, and Nestle SA among others.
Condiments Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is assessed to grow at a CAGR of 4.50% between 2025 and 2034.
The major drivers of the industry such as rising consumption of fast foods, launch of clean-labelled, specialty, organic, and gluten-free condiments', shifting business trends, and government subsidies are expected to aid the market growth.
The key market trends guiding the growth of the condiments market include the shifting preferences among consumers towards the clean-labelled, gluten-free, and organic condiment products and the growing awareness of condiment’s various health advantages.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America and the Middle East and Africa.
Table sauces, cooking ingredients and mustard, among others are the major products of condiments.
The offline and online stores are the significant distribution channels of the industry.
The major players in the industry are Conagra Brands, Inc. (NYSE: CAG), Del Monte Foods, Inc., Kewpie Corporation, McCormick & Company, Inc., Unilever PLC, The Kraft Heinz Company, Nestle SA, Others.
In 2024, the market reached an approximate value of USD 29.57 Billion.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 45.92 Billion by 2034.
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