- Surging Applications of Sauces:
As
per USDA, researchers discovered that amidst foods prepared at
home, raw tomatoes were responsible for 22 percent of tomato intake, while 24
percent was contributed by tomato sauces for spaghetti and similar pasta. With
international cuisines gaining recognition in North America, innovative cooking
sauces are in great demand. Cooking sauces provide novel flavors and
convenience to consumers. Tomato pastes, tomato purees and tomato sauces find
extensive application in North America. Tomato purees may be applied as a base
for other recipes like soup or salsa. The
surging applications of sauces are therefore driving the growth of the North
America Sauces, Dressing & Condiments Market.
- Soaring Utilization of Condiments:
Typical North American condiments include
yellow mustard, creole mustard, Hawaiian red salt and more. Yellow mustard is
used with sandwiches and hot dogs. It is also frequently utilized in
marinades, barbecue sauces and salad dressings. Creole mustard goes well with
po-boy sandwiches. Hawaiian red salt is utilized in regional dishes like poke. Typically consumed, pickled products include pickled cucumbers and peppers. Pickled
products like pickles are liked by nearly all people. 41% of Americans indicate
that their preferred way of consuming pickles is on a sandwich or burger. The soaring utilization of North American condiments
is therefore propelling the growth of the Sauces, Dressing & Condiments Industry, thereby
contributing to the North America Sauces, Dressing & Condiments Industry Outlook.
Acquisition:
In June 2021, Kraft Heinz secured an agreement to gain Turkish sauce
firm, Assan Foods from Kibar Holding in a deal worth nearly $100m. The
acquisition is in agreement with the international growth strategy of Kraft Heinz.
North America Sauces,
Dressing & Condiments Market: Competitive Landscape