The Dips And Spreads Global Market Report 2023, provides comprehensive information on the dips and spreads market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global dips and spreads market size is expected to grow from $92.42 billion in 2022 to $98.02 billion in 2023 at a compound annual growth rate (CAGR) of 6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of dips and spreads market are expected to reach $123.06 billion in 2027 at a CAGR of 5.8%.
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Product innovations are a key trend gaining popularity in the dips and spread market. Companies operating in the dips and spreads market are developing new products to sustain their position in the market. For instance, in May 2023, The Kraft Heinz manufacturer, a US-based food company, launched HEINZ REMIX, the first customizable and IoT-enabled digital sauce dispenser device to debut, allowing customers to customize their own taste combinations, with more than 200 condiment pairings developed for food-service clients. The product is free-standing and touchscreen-operated, allowing customers to choose from various bases before personalizing with a few enhancers at their desired intensity level.
The dips and spreads market is segmented:
1) By Type: Chipotle, Tomato, Corn, Black Bean, Jalapeno, Mayonnaise, Other Types
2) By Application: Household, Foodservice Industry
3) By Distribution Channel: Online, Offline
North America was the largest region in the dips and spreads market in 2022.
The table of contents in TBRC’s dips and spreads market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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