Asia-Pacific Condiments Market Expected to Reach $71,862.43 Million by 2025, CAGR 5.8%
Asia-Pacific Condiments Market garnered $45.76 billion in 2017 and is expected to reach $71.86 billion by 2025, registering a CAGR of 5.8% from 2017 to 2025. Increase in cross-cultural interaction owing to globalization and increased foreign travel drives the Asia-Pacific condiments market. Moreover, rise in the number of fast-food outlets and a surge in retail network supplements the growth of the market. However, fluctuations in raw material prices impact the overall cost of manufacturing, thereby restraining the market growth. On the contrary, augmentation of products leading to the emergence of healthier options such as gluten-free sauces, organic sauces, and sauces with no/less preservative concentration is expected to create opportunities for the growth of the Asia-Pacific condiments market in the years to come. The sauces segment generated more than half of the total market share in 2017 and would maintain its lion’...
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