PROSPECTS AND OPPORTUNITIES
Flavour innovations will continue to drive consumer interest
The sauces, dips, and condiments market in Singapore is projected to achieve slow but consistent retail volume growth over the forecast period. This steady expansion is likely to be driven by evolving consumer tastes influenced by both local and international flavour trends, which will encourage home experimentation.
Nutri-Grade labelling to expand to packaged food
Nutri-Grade is a food labelling system introduced in Singapore to help consumers make healthier dietary choices by providing clear information about the nutritional content of food products. Initially focused on beverages, the regulations will soon extend to packaged foods, aiming to reduce sodium and saturated fat consumption across various food categories.
Foodservice volumes will continue to expand
Foodservice volume sales of sauces, dips, and condiments are anticipated to see steady growth over the forecast period. Cooking and table sauces, particularly ketchup and chili varieties, are expected to lead this trend, due to their widespread use as essential ingredients in a variety of dishes offered at these outlets.
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Overview:
Understand the latest market trends and future growth opportunities for the Sauces, Dips and Condiments industry in Singapore 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 Singapore, 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 Singapore 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 Singapore?
- Which are the leading brands in Sauces, Dips and Condiments in Singapore?
- How are products distributed in Sauces, Dips and Condiments in Singapore?
- 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 Singapore?
- 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 Singapore - Category analysis
KEY DATA FINDINGS
Convenience and product innovation fuel growth in sauces, dips and condiments
Lee Kum Kee maintains its lead through localised innovation and strong brand loyalty
Spicy flavour innovations ignite growth in chilli sauces
Flavour innovations will continue to drive consumer interest
Nutri-Grade labelling to expand to packaged food
Foodservice volumes will continue to expand
Cooking Ingredients and Meals in Singapore - 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
- 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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