About Food and Salad Dressings
Food and salad dressings are used for garnishing and enhancing the taste of food products, especially salads, burgers, sandwiches, and other snack items. Some of the widely used dressings are mayonnaise, red wine oil, and vinegar and Caesar, Italian, and Russian dressings. Increased consumption of salads, as part of the move toward healthy eating, has created indirect demand for salad creams and dressings. Salad dressings act as time-saving options for households. For example, rather than making pasta sauce from scratch, consumers choose ready-made pasta sauces or alternative products in their dishes.
Technavio’s analysts forecast the global food and salad dressings market to grow at a CAGR of 3.85% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global food and salad dressings market for 2016-2020. To calculate the market size, Technavio considers the revenue generated through the sales of food and salad dressings by vendors in the market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Food and Salad Dressings Market 2016-2020
Technavio recognizes the following companies as the key players in the global food and salad dressings market: Dr. Oetker, Kraft Heinz, McCormick, and Unilever.
Other Prominent Vendors in the market are: American Garden, Annie's Homegrown, Cibona, Duke’s, Hidden Valley, Ken's Foods, Kenko Mayonnaise, Mrs. Bector's Cremica, Newman's Own, Oasis Foods Company, Remia, Stokes Sauces, and Tina.
Commenting on the report, an analyst from Technavio’s team said: “Rising trend of home cooking will be a key trend for market growth. Factors such as busy lifestyles, rise in the number of single-person households, unconventional working hours, and increase in the number of working women have resulted in the emergence of a trend toward less structured meals that are made readymade spices, sauces, and dressings. In addition, many countries worldwide have experienced a decline in restaurant visits and spending on food products at food-service outlets. The rising cost of dining outside the home and the availability of varied convenient at-home cooking options have led to an increase in at-home food consumption.”
According to the report, one of the key drivers for market growth will be rise of ethnicity. The global food and salad dressings market is dominated by the Americas, where the US contributes toward the majority of the market share. The demography of the US is becoming increasingly diverse with the presence of different ethnic groups such as Asians, Hispanics/Latino, African Americans, and White Americans. This has led to an increase in consumer preference for ethnic and spicy flavors, which is boosting the sales of the food and salad dressings market in the US. Manufacturers look at this as an opportunity and have started selling products, especially made for different ethnic groups.
Further, the report states that one of the major challenges for the market will be shelf space and logistics problems. Most dressings are chilled, frozen, or ambient products that require shelf stability. Careful and refrigerated transportation of these products is a necessity as these products are perishable and face the threat of spoilage. They require efficient cold chain management in terms of both technology and timely delivery to prevent food spoilage and food-borne illnesses and to respond to current market needs. Problems in cold chain logistics and environmental conditions affect the quality and freshness of these products. Limited shelf space in retail stores also intensifies competition among brands, posing challenges to vendors in the market.
Dr. Oetker, Kraft Heinz, McCormick, Unilever, American Garden, Annie's Homegrown, Cibona, Duke’s, Hidden Valley, Ken's Foods, Kenko Mayonnaise, Mrs. Bector's Cremica, Newman's Own, Oasis Foods Company, Remia, Stokes Sauces, Tina.
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