PROSPECTS AND OPPORTUNITIES
Muted growth expected in volume terms due to maturity
Sauces, dips and condiments in Bulgaria is expected to witness more positive volume growth as the forecast period progresses. With inflation expected to decline, production costs should normalise, and retail prices therefore stabilise in the upcoming years.
Pasta sauces benefit from convenience and product development
Although facing slight decline in volume sales due to their relatively high prices, pasta sauces will maintain consumers' attention in the upcoming years due to the convenience they provide and the perception of pasta as a versatile, convenient and tasty food alternative. Furthermore, in addition to the leading brands, Deroni and Barilla, De Cecco is slowly gaining retail value share.
Positive outlook for dips, tomato pastes and purées
Tomato pastes and purées will develop positively over the forecast period driven by the increasing need for convenience. Dips will attract more consumers with new, higher quality products, while the traditional Lutenica will build on its popularity by offering healthier versions, like the new Philicon’s coarsely ground Lutenica without added sugar.
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Overview:
Understand the latest market trends and future growth opportunities for the Sauces, Dips and Condiments industry in Bulgaria with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Sauces, Dips and Condiments industry in Bulgaria, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Sauces, Dips and Condiments in Bulgaria report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Sauces, Dips and Condiments in Bulgaria?
- Which are the leading brands in Sauces, Dips and Condiments in Bulgaria?
- How are products distributed in Sauces, Dips and Condiments in Bulgaria?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Sauces, Dips and Condiments?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Bulgaria?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Sauces, Dips and Condiments in Bulgaria - Category analysis
KEY DATA FINDINGS
Consumption declines amid higher prices
Mayonnaise leads the category due to widespread consumption
Growing interest in foreign cuisines
Muted growth expected in volume terms due to maturity
Pasta sauces benefit from convenience and product development
Positive outlook for dips, tomato pastes and purées
Cooking Ingredients and Meals in Bulgaria - Industry Overview
Cooking ingredients and meals in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for cooking ingredients and meals?
DISCLAIMER
The following categories and subcategories are included:
Sauces, Dips and Condiments
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- Liquid Stocks and Fonds
- Stock Cubes and Powders
- Gravy Cubes, Powders and Pots
- Monosodium Glutamate
- Herbs and Spices
- Tomato Pastes and Purées
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- Liquid Recipe Sauces (excl pasta sauces)
- Dry Recipe Sauces
- Pasta Sauces
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- Barbecue Sauces
- Fish Sauces
- Ketchup
- Mayonnaise
- Mustard
- Oyster Sauces
- Salad Dressings
- Soy Sauces
- Chili Sauces
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- Dips
- Yeast-based Spreads
- Pickled Products
- Other Sauces and Condiments
Sauces, Dips and Condiments
This is the aggregation of cooking ingredients and condiments, dips, pickled products, sauces, yeast-based spreads, and other sauces, dips and condiments. Excludes: Unpackaged/bulk sauces, dressings and condiments, such as unpackaged herbs and spice or instances where consumers bring an empty contained to be (re)filled. Excludes: Table salt, vinegar, baking ingredients, desiccated coconut, and cooking cream/milk/powder for cooking and baking.
See all of our definitionsWhy buy this report?
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- Track key industry trends, opportunities and threats
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This report originates from Passport, our Sauces, Dips and Condiments research and analysis database.
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