PROSPECTS AND OPPORTUNITIES
Steady growth in retail volume sales projected for most categories
The outlook for sauces, dips and condiments over the forecast period is generally favourable, with most categories anticipated to expand consistently in retail volume terms. Together with traditional consumption habits, growing interest in cooking and different ethnic cuisines among Macedonians should ensure overall demand remains reasonably stable.
Herbs and spices and salad dressings set to be the most dynamic performers
Herbs and spices and salad dressings are projected to be the best performers within sauces, dips and condiments in retail volume and current value growth terms over the forecast period. Demand for herbs and spices will continue to be lifted by rising interest in cooking and the increasing willingness of Macedonians to experiment with different recipes and culinary styles, as these products are essential for the preparation of many popular local and foreign dishes.
Consumption of mayonnaise expected to continue declining
Mayonnaise is the only sauces, dips and condiments category expected to contract in retail volume terms over the forecast period. While the rate of decline looks set to be relatively modest, the high fat content of such products means demand will continue to be weakened by rising health awareness among Macedonians.
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Overview:
Understand the latest market trends and future growth opportunities for the Sauces, Dips and Condiments industry in North Macedonia 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 North Macedonia, 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 North Macedonia 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 North Macedonia?
- Which are the leading brands in Sauces, Dips and Condiments in North Macedonia?
- How are products distributed in Sauces, Dips and Condiments in North Macedonia?
- 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 North Macedonia?
- 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 North Macedonia - Category analysis
KEY DATA FINDINGS
Overall demand for sauces, dips and condiments remains broadly stable
Dips posts the fastest growth in retail volume and current value sales
Vitaminka among the busiest players in terms of new launches
Steady growth in retail volume sales projected for most categories
Herbs and spices and salad dressings set to be the most dynamic performers
Consumption of mayonnaise expected to continue declining
Cooking Ingredients and Meals in North Macedonia - 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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This report originates from Passport, our Sauces, Dips and Condiments research and analysis database.
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