Sauces, dips and condiments in South Korea is expected to maintain fairly stable retail volume sales in the forecast period, and see slow and stable retail current value growth. As ready meals and meal kits continue to evolve, and various new types of sauces emerge, retail volume declines are anticipated for traditionally popular sauces such as ketchup, mustard, and mayonnaise, which historically enjoyed high acclaim and consistency.
The growth of sauces is closely linked to their compatibility with various foods. South Korean consumers have a strong preference for spicy flavours rather than rich or greasy options.
Convenience is expected to remain important in the growth of sauces, dips and condiments in South Korea in the forecast period, especially with the need to compete with convenient alternatives such as ready meals and foodservice. With consumer demand for products that offer both flavour and convenience, this will create opportunities for new product development, such as condiments and sauces which are easy to use.
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Understand the latest market trends and future growth opportunities for the Sauces, Dips and Condiments industry in South Korea with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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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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