- In August 2023, according to an article by foodtechbiz, in recent years, India's condiment industry has experienced a revolution, marked by a surge in diverse sauces, ketchups, and mayonnaises featuring unique flavors. A key trend is the focus on locally sourced ingredients that showcase traditional Indian spices and herbs, such as turmeric, coriander, and cumin. Brands are also emphasizing regional cuisines, reflecting the rich culinary diversity across the country.
- In June 2024, according to an article by Harrisons, The article discusses innovations in fast-food sauces, moving beyond traditional ketchup and mustard. New flavors such as sriracha, chipotle, and avocado ranch are gaining popularity, reflecting consumer demand for bold tastes. Brands are also experimenting with unique blends and regional specialties, enhancing the overall dining experience in fast-food settings.
Frequently Asked Questions
The market is segmented based on , By Flavor (Conventional and Organic), Packaging (Glass Bottle, Plastic Bottle, and Pouches and Sachets), Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Grocery Stores, Online, and Others) – Industry Trends and Forecast to 2031.
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The Global Hoisin Sauce Market size was valued at USD 1.93 USD Billion in 2023.
The Global Hoisin Sauce Market is projected to grow at a CAGR of 6.8% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.
