Sauces and Seasonings - China - December 2019
US $4,460.00 (Excl.Tax)Excl. Tax Buy Now
The Sauces and Seasonings market is experiencing stable development. The sales value is contributed mainly by ascending raw materials prices and the rapid development of foodservice as well as the explosive growth of the food delivery business. Foreign enterprises accelerate their investments in the condiment market in China; domestic leading companies continue to upgrade product formula and enrich product lines by keeping innovation. A growth potential lies in broadening household consumption as families consider the major consumption force of sauces and seasonings products. Household Western-style cooking activities contribute to the growth possibility of exotic sauces in China market.
“The category is experiencing steady growth and improved in concentration. Category’s future lies in expanding household consumption as well as creating more BFY products. Consumers’ rising health consciousness is not only reflected in their sensitivity to ingredients, but also embodied in their changing cooking habits. Optimistic penetration of exotic sauces implies the growth potential and blurring opportunity in domestic market.”
– Zhenni Wu, Research Analyst
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