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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Vegan dishes, such as vegan ranch, are gaining popularity among customers due to their similar flavour and texture to non-vegetarian options. Oil-free salad dressings, including mayonnaise, have gained popularity in recent years.
Concerns about fitness and overweight have resulted in a huge increase in demand for nutritional foods like salads, which is likely to boost the vegan condiment industry. The vegan dressing market is expected to rise due to increased demand for convenient, healthy, 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.
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.
Global Vegan Dressing Market By Category
By Product Type, Global Vegan Dressing Market is segmented as:
- Vinaigrettes
- Mayonnaise
- Ranch Dressing
- Blue Cheese
- Caesar Dressing
- Other Creamy Dressing
By Application, Global Vegan Dressing Market is segmented as:
- Residential
- Commercial
- Restaurants
- Cafes
- Quick Food Service Outlets
- Others
By Distribution Channel, Global Vegan Dressing Market is segmented as:
- Indirect
- Hypermarket/Supermarket
- Convenience Stores
- Independent Retailers
- Specialty Stores
- Online Retailers
- Other Retail Formats
- Direct
By Region, Global Vegan Dressing Market is segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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