PROSPECTS AND OPPORTUNITIES
Ongoing sales supported by healthy attributes and flavour innovations
Across the forecast period, sales of sauces, dips and condiments are set to rise at a current value CAGR of 3% (2024 constant value CAGR of 1%) to reach sales of EUR443 million. Innovation will be a key driver of ongoing growth, with launches focused on unique tastes and health and wellness properties.
No preservative claims support sales and shape innovation in sauces, dips and condiments
The rising demand for health and wellness goods is set to shape product innovations across the forecast period. Many consumers are drawn to products with functional claims, with no preservatives being particularly popular.
Potential for hot sauces and spicy recipes to gain ground over the forecast period
While spicy food has not traditionally been a staple in Greek cuisine, there is a growing, yet niche market for hot sauces, which is set to gradually expand across the forecast period. The increasing interest in diverse flavours and global cuisines will contribute to this slow but steady interest.
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Overview:
Understand the latest market trends and future growth opportunities for the Sauces, Dips and Condiments industry in Greece 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 Greece, 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 Greece 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 Greece?
- Which are the leading brands in Sauces, Dips and Condiments in Greece?
- How are products distributed in Sauces, Dips and Condiments in Greece?
- 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 Greece?
- 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 Greece - Category analysis
KEY DATA FINDINGS
Economic challenges dampen retail volume sales of sauces, dips and condiments
Launches focus on health and wellness ranges, reducing gluten and utilising natural ingredients
Minerva SA leads the landscape while new launches help Kyknos improve its share
Ongoing sales supported by healthy attributes and flavour innovations
No preservative claims support sales and shape innovation in sauces, dips and condiments
Potential for hot sauces and spicy recipes to gain ground over the forecast period
Cooking Ingredients and Meals in Greece - 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?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Sauces, Dips and Condiments research and analysis database.
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