As evidenced by the stalling of sales of meal kits, and anaemic post-pandemic foodservice receipts, US consumer confidence lags all the indicators of an improving market. While some consumers will purchase ready meals instead, at home meal preparation will remain a way to survive for a growing number of budget-conscious consumers.
As indicated by PepsiCo’s announcement of its acquisition of Siete Foods, which is known for its snacks, seasonings, and salsa, and Conagra’s appetite for acquisition, the lag in consolidation activities in the past few years is likely to shift dramatically. September’s 50 basis point reduction of the federal funds rate, and August’s inflation rate hitting its lowest point in three years, although not a windfall of opportunity, will chip away at recently cautious corporate strategies.
With global conflicts and national bipartisanship continuing to escalate in 2024, climate- and conflict-driven scarcities are only going to persist. Geopolitical tensions show minimal sign of cooling, and the increasingly volatile frequency of these complexities only further shakes a delicate supply chain.
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Understand the latest market trends and future growth opportunities for the Sauces, Dips and Condiments industry in USA 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 USA, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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 DefinitionsThis report originates from Passport, our Sauces, Dips and Condiments research and analysis database.
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