25/02/2020 – News / Food Processing / Condiments / Spice / Sauce / India

India’s condiments market to achieve 13% CAGR up to 2024

India’s condiments market stood at US$638.96 million in 2018 and is projected to grow at a CAGR of over 13 per cent, to reach more than US$1.34 billion by 2024, according to a new report.

Anticipated growth in the market can be attributed to increasing cross-cultural interaction, a growing inclination towards consumption of Western food and cuisines, and an expanding number of modern retail outlets offering price and convenience advantages to the customers. 

 

Moreover, increased focus on R&D activities in the food industry has brought various developments in food quality and innovations in products such as sugar-free and gluten free condiments, stimulating the trend of healthy living. This factor is expected to provide ample opportunities for the condiments market in India during the forecast period. 

 

Additionally, the emergence of diet sauces and other condiments is also expected to fuel growth in the market. Other emerging trends the report identifies as likely to further add to the rise in demand include increasing standards of living, changing lifestyle and rising demand for sophisticated taste in meal are emerging trends in the industry.

 

To access the new report, visit: www.techsciresearch.com/report/india-condiments-market/4183.html

Latest issue – Vol 3/20
– Quality focus
– A hive for higher standards
– Global progress towards the ethical egg 
OFC_F&BNetmag0320_small.jpg
  • Twitter Social Icon
  • Facebook Social Icon
OWI20_logo_English_234x234_NEW.jpg

7th Annual Food & Drink Trends & Innovations Conference 2021

CAVENDISH CONFERENCE CENTRE, LONDON, UK

REFORMULATE: Fermentation-Enabled Alternative Protein Innovation Digital Summit 2021

ONLINE EVENT

The Kenyan Food Event 2021

THE SARIT EXHIBITION CENTRE, NAIROBI, KENYA