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FNA DEEP DIVE: SAUCES
Secret is in the sauce: APAC firms highlight importance of flavour and healthier innovation in the region
By Guan Yu Lim and Pearly Neo
30-Apr-2021 - Last updated on A growing demand for unique flavours, healthier options and increased convenience is leading the growth of the sauces sector in Asia Pacific today.
In this edition of the FNA Deep Dive, we take a closer look at the sector to find out how companies in the region are conducting product innovation to meet consumer demands in these areas as tastes and preferences continually evolve.
As a whole, the market for sauces, dressings, and condiments is a very sizeable one, estimated at US$30.5 billion globally in 2020 and projected to reach US$39.2 billion by 2027, according to Global Industry Analysts.