USD 252.3 Billion
Vegan Sauces, Dressings & Spreads Market Size, Share, Growth Analysis, By Distribution Channels(Sauces, Spreads, Dressings), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30I2180 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
36
|Figures:
74
Vegan Sauces, Dressings & Spreads Market Insights
Global Vegan Sauces, Dressings & Spreads Market size was valued at USD 252.3 Billion in 2022 and is poised to grow from USD 276.27 Billion in 2023 to USD 571.01 Billion by 2031, at a CAGR of 9.5% during the forecast period (2024-2031).
Eggs, fish, and shellfish account for the majority of food allergies. Since food allergies are becoming more common, it is projected that the selection of vegan sauces, dressings, and spreads will grow in the upcoming years. The demand for vegan sauces, dressings, and spreads is expanding globally in response to the rising prevalence of lactose intolerance. Over 70% of the population was lactose intolerant in 2021, according to data from the "Food Intolerance Network." The demand for vegan sauces, dressings, and spreads is rising globally as allergies and intolerance are becoming more common in both adults and children. Due to growing public knowledge of the damaging effects that consuming food products made from animals has on the environment, consumers have begun embracing vegan products. It is well known that the carbon footprints of milk, honey, eggs, beef, pork, and shellfish are higher. Eco-friendly vegan products are becoming more and more popular with consumers. Because they improve the flavour and texture of food, sauces are frequently used in the creation of many different foods, including salad, pasta, sandwiches, burgers, etc. Furthermore, favourable for market expansion is the movement in customer taste towards vegan food items, such as sauces and dips.
US Vegan Sauces, Dressings & Spreads Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Sauces
Fastest Growth
Sauces
Growth Rate
9.5% CAGR
Global Vegan Sauces,Dressings & Spreads Market 2022-2030 ($ Bn)
Country Share for Europe Region- 2022 (%)
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Vegan Sauces, Dressings & Spreads Market Segmental Analysis
Global Vegan Sauces, Dressings & Spreads Market is segmented on the basis of Product, Distribution Channels and region. By Product, the Vegan Sauces, Dressings & Spreads Market is segmented into Sauces, Spreads, Dressings. The distribution Channels are Offline and Online. By region, the Vegan Sauces, Dressings & Spreads Market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Vegan Sauces, Dressings & Spreads Market Analysis by Product
The vegan sauces segment dominated the global market. The chapter has vegan Worcestershire sauce, pesto, mayonnaise, vodka, fish, and Alfredo sauce. The growing usage of sauces has significantly impacted the segment to enhance a dish's flavor, wetness, and aesthetic appeal. Another important aspect driving sauce popularity has been people's growing reliance on manufactured and bottled sauces.
The vegan dressings segment is expected to grow at the fastest CAGR. Homestyle ranch, Honey Mustard, creamy Italian, creamy Caesar, blue cheese, and habanero are a few of these. The popularity and inclusion of salads in regular meals around the world is credited with the expansion of the dressings category.
Vegan Sauces, Dressings & Spreads Market Analysis by Distribution Channels
The offline segment dominated the global market in 2022. Many different small producers who offer their goods locally are represented in this market. When the sauce, dressing, dip, or spread is selected with the regional cuisine in mind, customers are more likely to prefer them.
The online segment is expected to grow at the fastest CAGR. These sauces, dressings, dips, and spreads can be simply obtained from the official websites of the majority of major producers thanks to the development of their own online distribution channels. Consumers like ordering online since it is convenient and a wide selection is available.
Global Vegan Sauces,Dressings & Spreads Market Size By Products 2022 (%)
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Vegan Sauces, Dressings & Spreads Market Regional Insights
Europe dominated the global market. In most nations, including Germany, the United Kingdom, France, Spain, and Italy, veganism is becoming more and more popular as a lifestyle choice. Also, it is anticipated that in the near future, the range of vegan sauces, dressings, and spreads will increase due to growing awareness of food's environmental, ethical, and health effects.
North America market is expected to grow at the fastest CAGR. Due to the rising prevalence of food allergies and lactose intolerance in the population, many people in the U.S. and Canada have started living vegan lifestyles.
Global Vegan Sauces, Dressings & Spreads Market Size By Geography, 2022-2030
- Largest
- Fastest
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Vegan Sauces, Dressings & Spreads Market Dynamics
Vegan Sauces, Dressings & Spreads Market Drivers
Growing vegan population
- As more people adopt a vegan lifestyle, there is a growing demand for vegan food products, including sauces, dressings, and spreads. The market is expanding because of this rising demand. As the vegan population grows, there is a need for more innovative and diverse vegan food products. This is leading to the development of new vegan sauces, dressings, and spreads with unique flavours and ingredients.
Health and wellness trend
- People become more conscious of their overall well-being and seek products and services supporting a healthy lifestyle. This also impacted the food industry, as more consumers seek healthier and more sustainable food options. One area that has seen significant growth in recent years is the global vegan sauces, dressings, and spreads market.
Vegan Sauces, Dressings & Spreads Market Restraints
Altering dietary preferences of consumers
- Consumer food consumption and purchasing patterns are evolving globally as a result of people's evolving preferences and lifestyles. Growing interest in plant-based foods is being driven by concerns about healthier diet options and environmental sustainability. This industry is quickly increasing to include plant-based substitutes for meat, dairy, eggs, and seafood. Edible insects and other alternative food sources like seaweeds or macroalgae are also gaining popularity. Urban agriculture has also developed and grown as a result of rapid urbanisation and the demand for locally grown, sustainable food.
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Vegan Sauces, Dressings & Spreads Market Competitive Landscape
Follow Your Heart, Daiya Foods Inc., Meridian Foods Limited, Amy's Kitchen Inc., B&G Foods Inc., and Daiya Foods Inc. are a few of the major companies active in the vegan sauces, dressings, and spreads sector. Many businesses prioritize organizational growth methods, including product launches, product approvals, and other techniques like patents and events. Industry participants in the vegan sauces, dressings, and spreads sector foresee positive growth opportunities in the future due to the rising demand for vegan sauces, dressings, and spreads on the global market.
Vegan Sauces, Dressings & Spreads Market Top Player’s Company Profiles
- Follow Your Heart
- Sir Kensington's
- Just Mayo
- Hellmann's (Unilever)
- Hampton Creek
- Tessemae's
- Primal Kitchen
- Annie's Homegrown (General Mills)
- Blue Moose of Boulder
- Earth Balance (Conagra Brands)
- Drew's Organics
- Organicville
- Wholly Veggie!
- Go Veggie!
- Tofutti Brands
- Bitchin' Sauce
- Daiya Foods
- Nutiva
- Hodo Foods
- Kite Hill
Vegan Sauces, Dressings & Spreads Market Recent Developments
- April of 2023 To increase public awareness of the advantages of vegan sauce dressing spreads, the Vegan Society started a new campaign. Known as "Vegan Sauces Dressings Spreads: Good for You, Good for the Planet," the campaign offers a range of vegan sauces dressings spread recipes and usage advice.
-
May 2023 In 2023, the Veganuary campaign declared that a record number of people had joined. A worldwide movement known as "Veganuary" invites people to attempt a vegan diet for the month of January. The rising demand for vegan goods, such as spreads, sauces, and dressings, is indicated by Veganuary's growing popularity.
- In February 2023, Tempeh Acquired Additional Funding to Strengthen Sustainable Food Mission.
Vegan Sauces, Dressings & Spreads Key Market Trends
- Increasing health consciousness: Increasing health consciousness among consumers, who are looking for healthier and more natural food options. Vegan sauces, dressings, and spreads are often made with natural ingredients, and are free from artificial preservatives, colors, and flavors, making them a popular choice for health-conscious consumers.
Vegan Sauces, Dressings & Spreads Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global vegan sauces, dressings, and spreads analysis, the increasing demand for plant-based food products, rising health consciousness among consumers, and growing vegan population are some of the major factors driving the growth of this market. Additionally, the rise of e-commerce channels and the availability of a wide range of vegan sauces, dressings, and spreads further fuel market growth. Europe dominated the global market due to the growing adoption of veganism and increasing awareness about the health benefits of plant-based diets.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 252.3 Billion |
| Market size value in 2031 | USD 571.01 Billion |
| Growth Rate | 9.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Vegan Sauces, Dressings & Spreads Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Vegan Sauces, Dressings & Spreads Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Vegan Sauces, Dressings & Spreads Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Vegan Sauces, Dressings & Spreads Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Vegan Sauces, Dressings & Spreads Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Vegan Sauces, Dressings & Spreads Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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