Market Overview:
The global vegan sauces, dressings and spreads market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing awareness about the health benefits of veganism, rising demand for plant-based foods, and growing number of vegan restaurants. In terms of type, sauces accounted for the majority share of the global vegan sauces, dressings and spreads market in 2017. This segment is projected to grow at a CAGR of 7% during the forecast period. Spreads are expected to be the fastest-growing segment in this market with a CAGR of 7.5%.
Product Definition:
A vegan sauce, dressing or spread is a sauce, dressing or spread that does not contain any animal products. They are often used to add flavor and moisture to dishes. Vegan sauces, dressings and spreads can be made from a variety of ingredients, including fruits, vegetables, nuts and seeds.
Sauces:
Sauces, it's usage and growth factor in the vegan sauces, dressings and spreads market is expected to witness significant growth over the forecast period. The major factor that propels this market is increasing number of health-conscious consumers around the globe.
Consumers are becoming more aware of their health and fitness which has resulted in increased demand for healthy products such as sauces with less salt content or fat free products.
Spreads:
The global spreads and it's usage in vegan sauces, dressings and spreads market size was valued at USD 1.5 billion in 2016. The increasing awareness regarding the health benefits of consuming plant-based products is expected to drive growth over the forecast period.
Rising demand for healthy & organic food coupled with growing consumer inclination towards vegan diet is anticipated to propel growth over the next eight years.
Application Insights:
Offline applications accounted for the largest revenue share of over 70% in 2017. The increasing number of restaurants and food chains that serve vegan food is one of the key factors driving the demand for sauces, dressings and spreads from vegan consumers. Furthermore, a rising number of health-conscious people preferring plant-based diet is also expected to fuel product demand over the forecast period.
Online application segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to growing e-commerce industry across various countries including India, China, Australia and Germany which offer variety in terms of selection & brands available in online stores which attracts customers towards online shopping leading them towards adopting vegan lifestyle or continue with existing dietary habits. This factor will have a positive impact on market growth during future years as more people opts for online shopping due to convenience & ease offered by it leading them toward adopting healthy eating habits thereby fueling product demand over forecast period.
Regional Analysis:
North America accounted for the largest share of over 35.0% in 2017 owing to growing vegan population and awareness about healthy lifestyle. Moreover, increasing number of restaurants serving vegan food is expected to drive the regional market growth over the forecast period. Asia Pacific is projected to be one of the fastest-growing markets due to rising demand for plant-based products from countries such as China and India, which are among top consumers of meat sauces in this region. Furthermore, increasing awareness regarding benefits associated with these products will propel market growth during the forecast period.
Latin America has also been witnessing a significant rise in consumption rates associated with veganism across countries such as Brazil and Mexico that have been attracting large numbers of immigrants from other regions owing to high birth rate; thus making them more multicultural thereby boosting product demand across various applications including offline stores and online platforms catering towards international audiences (i.e., webstores). Europe was valued at USD X million in 2017 wherein U.K.
Growth Factors:
- Increasing demand for vegan food products: The global vegan population is growing rapidly and this is driving the demand for vegan sauces, dressings and spreads.
- Rising awareness of the health benefits of plant-based foods: There is a growing awareness of the health benefits of plant-based foods, which is boosting demand for vegan sauces, dressings and spreads.
- Growing popularity of healthy eating trends: The popularity of healthy eating trends is contributing to rising demand for vegan sauces, dressings and spreads.
- Increasing availability of plant-based ingredients: The increasing availability of plant-based ingredients is making it easier to produce vegan sauces, dressings and spreads.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vegan Sauces, Dressings and Spreads Market Research Report
By Type
Sauces, Spreads, Dressings
By Application
Online, Offline
By Companies
Follow Your Heart, Daiya Foods Inc., Meridian Foods Limited, Amy's Kitchen, Inc., B&G Foods, Inc., Litehouse, Inc., Red Duck Foods, Inc., Majestic Garlic, Bear Pond Farm, KENSINGTON & SONS.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Vegan Sauces, Dressings and Spreads Market Report Segments:
The global Vegan Sauces, Dressings and Spreads market is segmented on the basis of:
Types
Sauces, Spreads, Dressings
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online, Offline
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Follow Your Heart
- Daiya Foods Inc.
- Meridian Foods Limited
- Amy's Kitchen, Inc.
- B&G Foods, Inc.
- Litehouse, Inc.
- Red Duck Foods, Inc.
- Majestic Garlic
- Bear Pond Farm
- KENSINGTON & SONS.
Highlights of The Vegan Sauces, Dressings and Spreads Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Sauces
- Spreads
- Dressings
- By Application:
- Online
- Offline
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vegan Sauces, Dressings and Spreads Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Vegan sauces, dressings and spreads are products that are made without any animal-based ingredients. This means that they will not contain any dairy, eggs or meat. They may also include plant-based oils or butters, which give them a creamy texture and flavor.
Some of the major companies in the vegan sauces, dressings and spreads market are Follow Your Heart, Daiya Foods Inc., Meridian Foods Limited, Amy's Kitchen, Inc., B&G Foods, Inc., Litehouse, Inc., Red Duck Foods, Inc., Majestic Garlic, Bear Pond Farm, KENSINGTON & SONS..
The vegan sauces, dressings and spreads market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vegan Sauces, Dressings and Spreads Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Vegan Sauces, Dressings and Spreads Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vegan Sauces, Dressings and Spreads Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Vegan Sauces, Dressings and Spreads Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Vegan Sauces, Dressings and Spreads Market Size & Forecast, 2020-2028
4.5.1 Vegan Sauces, Dressings and Spreads Market Size and Y-o-Y Growth
4.5.2 Vegan Sauces, Dressings and Spreads Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Sauces
5.2.2 Spreads
5.2.3 Dressings
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Online
6.2.2 Offline
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vegan Sauces, Dressings and Spreads Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vegan Sauces, Dressings and Spreads Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Sauces
9.6.2 Spreads
9.6.3 Dressings
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Online
9.10.2 Offline
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Sauces
10.6.2 Spreads
10.6.3 Dressings
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Online
10.10.2 Offline
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Sauces
11.6.2 Spreads
11.6.3 Dressings
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Online
11.10.2 Offline
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Sauces
12.6.2 Spreads
12.6.3 Dressings
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Online
12.10.2 Offline
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Sauces
13.6.2 Spreads
13.6.3 Dressings
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Online
13.10.2 Offline
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vegan Sauces, Dressings and Spreads Market: Competitive Dashboard
14.2 Global Vegan Sauces, Dressings and Spreads Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Follow Your Heart
14.3.2 Daiya Foods Inc.
14.3.3 Meridian Foods Limited
14.3.4 Amy's Kitchen, Inc.
14.3.5 B&G Foods, Inc.
14.3.6 Litehouse, Inc.
14.3.7 Red Duck Foods, Inc.
14.3.8 Majestic Garlic
14.3.9 Bear Pond Farm
14.3.10 KENSINGTON & SONS.
