The global market for sauces and condiments is on track to increase from $172.8 billion in 2021 to $240.7 billion by 2028, according to a recent Research and Markets report.
Utilizing its technical services team, Coral Gables, Fla.-based Fresh Del Monte’s approach to banana merchandising has evolved at the ripening level, said Pablo Rivero, vice president of marketing.
Despite inflationary pressures on all foods, continuing high demand for convenience is driving big sales of value-added produce products, which typically yield higher margins for commissaries and retailers.
The demand for organic fresh fruits and vegetables continues to climb, as consumers become more conscious of how their food is raised and what they’re putting in their bodies.