From ketchup to salsa to sriracha, the US market for condiments and sauces is full of the familiar, the foreign, and the fantastic. Consumer demand for these products and the flavors they impart helped the market for condiments and sauces reach $24 billion in 2016. The findings were published in “Condiments and Sauces: US Retail Market Trends & Opportunities,” a report by market research firm Packaged Facts.
Market growth in 2016 marked an annual rate of more than 2% during the preceding five years. Comparable—if not slightly lower—sales growth is anticipated year-over-year through 2021 despite challenges to the industry due to the widespread shift toward healthier living.