The Culinary Sauces Market Size That Wins Business Demand in 2020


Posted August 12, 2020 by meena-hinge

Culinary Sauces Market Size, Share & COVID-19 Impact Analysis, By Type (Dry and Wet) and Regional Forecast, 2020 – 2027

 
The global culinary sauces market size is projected to reach USD 55.31 billion by 2027, exhibiting a CAGR of 3.3% during the forecast period. Rapid expansion of urban areas across the globe will open new opportunities in this market, observes Fortune Business Insights™ in its report, titled “Culinary Sauces Market Size, Share & COVID-19 Impact Analysis, By Type (Dry and Wet), Application (Households, Food Processors, and HoReCa), End-use (B2C and B2B), and Regional Forecast, 2020 – 2027”. According to the UN, by 2050, almost 70% of world’s population will be residing in urban agglomerations, with majority of this shift expected to emerge from Asia and Africa. The food and nutrition demands in urban regions, where large proportion of populations are young and working, are speedily evolving. In order to cater to these changing food preferences, supermarkets and departmental stores are stocking their shelves with diverse ingredients and products, with culinary sauces being one of the most widely purchased items. Furthermore, the hectic lifestyles that typically characterize the lives of working people force them to opt for quick-fix meal solutions, which are providing an additional boost to the sales of cooking sauces and creating new opportunities for market players.
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Issued By Fortune Business Insights
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Last Updated August 12, 2020