Market Overview:
The global vegan sauces market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for vegan food products across the globe. Tomato-based sauces are expected to account for a major share of the global vegan sauces market in terms of value over the forecast period. Coconut-based sauces are anticipated to register high growth rates owing to their rising popularity among consumers as a healthier alternative to other types of sauce. Lemon-based sauces are also expected witness significant uptake due their refreshing flavor and health benefits such as antioxidants and vitamin C content. Offline retail is expected dominate the global vegan sauces market in terms of sales volume over 2018–2030, followed by online sale channels.
Product Definition:
A vegan sauce is a sauce that does not contain any animal products. This can include dairy, eggs, meat, and honey. Vegan sauces are often used in vegan cooking to add flavor and moisture to dishes. They can also be used as a condiment or dip. Some of the most popular vegan sauces include tahini sauce, avocado mayonnaise, and salsa.
Tomato Source:
Tomato source is the most important raw material in the production of sauces. The sauce industry has witnessed a rapid growth over the past few years owing to increasing demand from restaurants and food service outlets. Tomatoes are used as both, fresh and canned tomatoes in various sauces such as pasta, pizza, meatballs and many more.
Coconut Source:
Coconut source is the natural ingredient derived from coconut. It has several uses in food industry such as cooking, baking, and other household purposes. Coconut oil is one of the major products obtained after extraction of coconut pulp. The oil extracted from fresh or dried coconut can be used for different purposes like cooking, baking and others.
Application Insights:
Offline retail accounted for the largest revenue share of over 70% in 2017. Offline retailers use various strategies to promote their products including sampling, shelf drops and price cuts. The online sale segment is expected to witness significant growth during the forecast period owing to increasing penetration of e-commerce platforms coupled with growing consumer preference for home delivery services.
The product application in food preparation areas such as restaurants and hotels is expected to witness substantial growth over the forecast period owing to rising awareness regarding health benefits associated with vegan diet along with a rise in demand from consumers desiring new flavors at restaurants and fast food joints. Moreover, sauces are used as an ingredient in several cuisines across cultures which further propels its demand worldwide.
The product finds applications not only as a seasoning but also acts as an alternative source of nutrition particularly when soy products are avoided due largely or wholly derived from animals sources such as meat, eggs.
Regional Analysis:
North America was the largest market in 2017 owing to growing vegan population and awareness about healthy lifestyle. Asia Pacific is expected to be the fastest-growing region over the forecast period due to increasing number of online retailers and rising middle-class population. Moreover, expansion of retail chains such as supermarkets that offer a wide variety of plant-based products will boost demand for these sauces over the forecast period.
Europe has been one of the most influential markets for these sauces with countries such as Germany, U.K., Italy, Spain being among its top consumers in recent years.
Growth Factors:
- Increasing demand for vegan food products: The global vegan population is growing rapidly and this is expected to drive the demand for vegan sauces.
- Rising awareness of the health benefits of a plant-based diet: There is a growing awareness of the health benefits of a plant-based diet, which is driving consumers towards vegan sauces.
- Growing popularity of ethnic cuisine: Vegan sauces are becoming popular as they add flavor and variety to ethnic cuisine dishes.
- Innovative product offerings: Vegan sauce manufacturers are introducing innovative product offerings, such as dairy-free cheese sauce and eggless mayonnaise, to cater to the increasing demand for vegan products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vegan Sauces Market Research Report
By Type
Tomato Source, Coconut Source, Lemon Source, Others
By Application
Online Sale, Offline Retail
By Companies
Follow Your Heart, Meridian Foods, B&G Foods, Daiya Foods, Amy's Kitchen, Litehouse, KENSINGTON & SONS., Red Duck Foods, Majestic Garlic, Bear Pond Farm
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
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Vegan Sauces Market Report Segments:
The global Vegan Sauces market is segmented on the basis of:
Types
Tomato Source, Coconut Source, Lemon Source, Others
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 Sale, Offline Retail
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
- Meridian Foods
- B&G Foods
- Daiya Foods
- Amy's Kitchen
- Litehouse
- KENSINGTON & SONS.
- Red Duck Foods
- Majestic Garlic
- Bear Pond Farm
Highlights of The Vegan Sauces 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:
- Tomato Source
- Coconut Source
- Lemon Source
- Others
- By Application:
- Online Sale
- Offline Retail
- 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 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 are a type of condiment that can be used to enhance the flavor of food. They are made without any animal products, such as dairy or eggs.
Some of the major players in the vegan sauces market are Follow Your Heart, Meridian Foods, B&G Foods, Daiya Foods, Amy's Kitchen, Litehouse, KENSINGTON & SONS., Red Duck Foods, Majestic Garlic, Bear Pond Farm.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vegan Sauces 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 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vegan Sauces 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 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 Market Size & Forecast, 2020-2028
4.5.1 Vegan Sauces Market Size and Y-o-Y Growth
4.5.2 Vegan Sauces 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 Tomato Source
5.2.2 Coconut Source
5.2.3 Lemon Source
5.2.4 Others
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 Sale
6.2.2 Offline Retail
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vegan Sauces 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 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 Tomato Source
9.6.2 Coconut Source
9.6.3 Lemon Source
9.6.4 Others
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 Sale
9.10.2 Offline Retail
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 Tomato Source
10.6.2 Coconut Source
10.6.3 Lemon Source
10.6.4 Others
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 Sale
10.10.2 Offline Retail
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 Tomato Source
11.6.2 Coconut Source
11.6.3 Lemon Source
11.6.4 Others
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 Sale
11.10.2 Offline Retail
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 Tomato Source
12.6.2 Coconut Source
12.6.3 Lemon Source
12.6.4 Others
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 Sale
12.10.2 Offline Retail
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 Tomato Source
13.6.2 Coconut Source
13.6.3 Lemon Source
13.6.4 Others
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 Sale
13.10.2 Offline Retail
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 Market: Competitive Dashboard
14.2 Global Vegan Sauces Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Follow Your Heart
14.3.2 Meridian Foods
14.3.3 B&G Foods
14.3.4 Daiya Foods
14.3.5 Amy's Kitchen
14.3.6 Litehouse
14.3.7 KENSINGTON & SONS.
14.3.8 Red Duck Foods
14.3.9 Majestic Garlic
14.3.10 Bear Pond Farm
