Sauces, dips and condiments is expected to record stable retail volume growth in 2023, in line with a greater propensity to cook more often at home - a habit acquired during the pandemic but one that is expected to persist amid cost-of-living pressures combined with surging prices in foodservice channels from higher operational costs and increased goods and services tax. Furthermore, while the high rate of inflation only started to ease towards the end of 2023, local household budgets are likely to remain under pressure, encouraging them to rationalise their shopping behaviour, either through downtrading to private label, or by choosing larger pack sizes where possible for better value for money.
Local consumers are often drawn to new flavour innovations as they seek to add unique and exciting flavours to their meals. In response to this, retailers are set to continue expanding their offer of international brands to add interest to the retail landscape, giving fresh alternatives to consumers.
The sustained popularity of Korean cuisine in Singapore has led to greater adoption of these flavours by foodservice players in non-Korean dishes. One of these is kimchi - perceived as healthy by being rich in probiotics, vitamins and antioxidants, and marketed as beneficial for gut health.
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Understand the latest market trends and future growth opportunities for the Sauces, Dips and Condiments industry in Singapore with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
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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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