Project report for Sauces and dips

The sauces and Dips manufacturing industry had gain popularity in all over India and out side India. People's love for street food and chart foods fuel the market growth. It has a great export market potential. A dip or dipping sauce is a common condiment for many types of food. Dips are used to add flavor or texture to a food, such as pita bread, dumplings, crackers, chopped raw vegetables, fruits, seafood, cubed pieces of meat and cheese, potato chips, tortilla chips, falafel, and sometimes even whole sandwiches in the case of jus. Unlike other sauces, instead of applying the sauce to the food, the food is typically placed or dipped into the sauce. Dips are commonly used for finger foods, appetizers, and other food types. Thick dips based on sour cream, crème fraiche, milk, yogurt, mayonnaise, soft cheese, or beans are a staple of American hors d'oeuvres and are thinner than spreads, which can be thinned to make dips. Dips in various forms are eaten all over the world and people have been using sauces for dipping for thousands of years. Dip which includes various ingredients such as onions, chilies, beans, corn, and various spices. It is the Italian and Spanish term for sauce, and also referred to the sauces typical of Mexican cuisine known as picante, particularly those used as dips in English speaking countries. Dips & spreads for barbeque purpose and as marinades is one of the major reasons driving the sales Dips & Spreads across the regions. The sector is driven in a major way by the demand directed from the convenience food sector. High application of the product as a flavor enhances is one of the major drivers to the development of this segment. Growth of the convenience food market has also provided an impetus for the increased demand of this sector.

The global sauces and dips market is projected to soar at a CAGR of 6.97% from a market size of INR 97,79,15,24,00,000 in 2019 to a market size of INR 15,52,73,29,181 by the end of 2025. The sauces and dips market is estimated to propel in the forecast period due to the prevalence of using sauces, dips, dressings, and condiments on a large scale, in addition, these are integral to the global food culture. The traditional way of lifestyle included home-made sauces and dips utilizing fresh and natural herbs as ingredients. The switch from the traditional way of living to the adoption of modern lifestyle gave rise to the adoption of processed and packed sauces and dips, fueling the market demand with the rise in the adoption of convenience packed foods. The burgeoning multi-cuisine culture around the globe is further augmenting the market demand in the forecast period. The growing demand for natural and organic sauces and dips are gaining popularity with the emerging demand from the customers worldwide for organic ingredients along with the growing health awareness, further providing an opportunity for the market to proliferate in the forecast period. Rising popularity of international cuisines among the youth adult customers is expected to remain a key factor boosting industry growth over the forecast period. Moreover, increasing demand for healthy and nutritious on-the-go food products has propelled the demand for a wide variety of sauces, condiments, and dressings.