The global vegan dressing market is set to witness growth at a CAGR of 5.4% over the forecast period (2022-2032) and top a valuation of US$ 2,453.4 Million by 2032.
The demand for vegan dressing and spreads is not only to produce a dressing that is free from meat and dairy ingredients but also to ensure the absence of ingredients that may cause health problems such as allergies and side effects.
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These vegan foods, including vegan ranch, tasted and felt similar to the non-vegetarian food items taking the consumers by frenzy. To complement these dishes, oil-free salad dressings such as varied mayonnaise was also introduced, which showed an increased consumption over the past few years.
Concerns about fitness and overweight have led to a significant increase in demand for nutritious foods such as salads, which is expected to benefit the vegan condiment sector. The vegan dressing industry is predicted to grow with the rising demand for convenient, nutritious, and ready-to-eat foods.
Moreover, plant-based food sources would take the spotlight as consumers would prefer not only the flavors and ingredients but also the aspect of excluding gluten, dairy, and animal-based foods to adapt to healthy eating, i.e., adapting the concept of “Free from Food.”
Most vegan dressing manufacturers are implementing a similar concept while developing vegan dressings resulting in a highly competitive market.
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Also, vegan dressing market players are using platforms such as OTT and social media to promote their products and are also tying up with fast-food franchises and popular restaurant chains for rapid market penetration. Tie-ups with restaurants are expected to add more value since they offer vegan food that would be followed by vegan dressing market trends.
Vegan foods that require vegan ranch as its complementary serving are expected to witness huge demand in the near future, thereby promising a strong positive vegan dressing market growth over the assessment period (2022 – 2032).
The outbreak of COVID-19 disrupted the supply chain of the vegan dressing market, due to a slowdown in the market. However, the vegan dressing market trends are expected to witness significant growth with economies providing opportunities and increasing consumer demand for healthy & nutritious food products.
Key Takeaways from Market Study
- North America is expected to account for the maximum value share of the global vegan dressing market of about 31% by 2032 end.
- Growing adoption of veganism by todays’ consumers is driving sales of vegan dressing across global market
- By product type, vinaigrettes is expected to hold nearly 20% of the vegan dressing market share by 2022 end.
- By application, commercial use is expected to account for the maximum market value share of about 60% of the global market by 2022 end.
- In case of distribution channel, the indirect channel is expected to account for more than half of the global market value share and vegan dressing market growth by 2022 end.
- Online retailers, under the indirect channel segment are expected to be the fastest growing sub segment for the global and many regional vegan dressing market.
“A global shift in eating patterns of consumers of which the millennial generation has an important part to play, are one of the key drivers in causing the shift from animal based products to the consumption of vegan food products,” says a Future Market Insights analyst.
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Competitive Landscape
Vegan dressing market players are majorly focusing on research & development, product innovation, geographical expansion, partnerships and mergers and acquisitions to create a larger customer base.
Name of some of the vegan dressing market key players includes McCormick & Company, The Kraft Heinz Company, Kikkoman Corporation, ConAgra Food Inc., Sweet Baby Ray’s, Litehouse, Inc., Red Duck Foods, Inc. Majestic Garlic, Bear Pond Farm, KENSINGTON & SONS, Follow Your Heart, Daiya Foods Inc., Meridian Foods Limited, Amy’s Kitchen, Inc. B&G Foods, Inc. and others.
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global vegan dressing market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on product type (vinaigrettes, mayonnaise, ranch dressing, blue cheese, Caesar dressing, and other creamy dressing), application (commercial and household), and distribution channel (direct and indirect), across seven (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa) major regions of the world.
About Food & Beverage Division at Future Market Insights
The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
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