Asia Pacific Condiments Sauces market is expected to reach USD 8629.7 Million by 2020: Transparency Market Research

USA - English

News provided by

Transparency Market Research

Jan 15, 2015, 05:30 ET

Albany, New York (PRWEB) January 15, 2015 -- Transparency Market Research has published a new market report titled Condiments Sauces Market Asia Pacific Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 - 2020. According to the report, the Asia Pacific condiments sauces market is valued at USD 6137.01 million in 2014 and is anticipated to reach USD 8629.7 million in 2020, expanding at a CAGR of 5.85% from 2014 to 2020. China is an attractive market for condiment sauce products in 2014 and is expected to become the most lucrative market for these products by 2020 due to high growth of the Chinese catering industry.

Browse full Asia Pacific Condiments Sauces Market Market Report: http://www.transparencymarketresearch.com/asia-pacific-condiments-sauces-market.html

Rapid changes in lifestyle of people in major markets such as China and Japan are projected to boost the condiments sauces market in Asia Pacific. Growth in fast food restaurant chains and product innovation is expected to significantly influence consumption of condiments sauces in the region over the next six years.

Get report sample PDF copy from here: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3416

Emerging countries such as India, Australia, South Korea, New Zealand, and Indonesia are among the fastest growing markets for condiment sauce products. The condiments sauces market in these countries is anticipated to experience moderate growth during the forecast period due to busy lifestyle of population and developing distribution channels.

Geographically (by country), China and Japan are likely to experience strong growth in the next six years, while Thailand and Singapore are expected to witness sluggish growth as compared to other countries in Asia Pacific in terms of consumption of condiment sauces. China accounted for the largest share of the condiments sauces market in Asia Pacific in 2014, followed by Japan; India is anticipated to continue its dominance in the Asia Pacific market till 2020.

Haitian in China, Kikkoman in Japan, and Maggi in India is expected to capture the attention of consumers due to the products’ strong presence and cost-effectiveness in the respective markets. Major distribution channels in Asia Pacific are cash and carries, warehouse clubs, dollar stores, variety stores, general merchandise and retailers.

Browse the full Press Release of this report: http://www.transparencymarketresearch.com/pressrelease/asia-pacific-condiments-sauces-market.htm

The condiments sauces market has been segmented as follows:
Asia Pacific Condiments Sauces Market by Country
Countries covered under this research study include:

Australia