Vegan Sauces, Dressings & Spreads Market Size, Share & Trends Report

Vegan Sauces, Dressings & Spreads Market Size, Share & Trends Analysis Report By Product (Sauces, Dressings, Spreads), By Distribution Channel (Online, Offline), By Region, And Segment Forecasts, 2020 - 2027

  • Published Date: May, 2020
  • Base Year for Estimate: 2019
  • Report ID: GVR-4-68038-512-0
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2018
  • Number of Pages: 80

Report Overview

The global vegan sauces, dressings and spreads market size was valued at USD 194.6 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 8.2% from 2020 to 2027. Growing importance of vegetarian diet among the consumers as a result of increased awareness regarding cruelty-free products in developed economies, including Germany, U.K., and France, is expected to have a positive impact on the market growth.

U.S. vegan sauces, dressings & spreads market size

According to the data published by the Food Allergy Research & Education (FARE), in 2019, 32 million Americans suffered from food allergies in U.S. This study revealed that majority of food allergies come from eggs, fish, and shellfish. As a result, increased prevalence of food allergies is expected to expand the scope of vegan sauces, dressings and spreads over the next few years.

Rising prevalence of lactose intolerance is also propelling the demand for the vegan sauces, dressings and spreads around the globe. According to the data provided by the ‘Food Intolerance Network’, around 70% of the population was suffering from lactose intolerance in 2019. Increasing prevalence of allergies and intolerance among the adults as well as children is fueling the demand for the vegan sauces, dressings and spreads at the global level.

Consumers have been adopting vegan products owing to increasing awareness regarding the adverse impact caused by the consumption of food products obtained from animals on environment. Milk, honey, egg, meat, pork, and seafood are known to have increased carbon footprints. Consumers have been increasingly including eco-friendly vegan products in their diet.

Major manufacturers have been leveraging the opportunity by launching new products. For instance, in February 2020, Saclà Italia, an Italian pesto and pasta sauce brand, launched a new line of vegan dressings. The company introduced six different flavors of vegan sauces in the U.K. market.

Shifting inclination towards vegan and vegetarian diet among millennials is expected to expand the industry size in the HoReCa (Hotel/Restaurant/Café) sector. For instance, in 2017, Saudi Arabian prince Al-Waleed bin Talal has announced plans to open vegan restaurants across the region for promoting the healthy lifestyle. Increasing health concerns have also made consumers shift their preference to the vegan food regime.

Product Insights

Vegan sauces accounted for the largest share of over 45.0% in 2019. The segment includes vegan fish sauce, alfredo sauce, mayonnaise, vodka sauce, pesto, and Worcestershire sauce. Increasing use of sauces to add flavor, moisture, and visual appeal to a dish has been playing a crucial role in driving the segment. Increasing dependence on premade and packaged sauces has also been acting as a crucial factor in promoting the popularity of sauces.

Vegan dressings are expected to register the fastest CAGR of 8.8% from 2020 to 2027. These include homestyle ranch, Hon’y Mustard, creamy Italian, creamy Caesar, blue cheese, and habanero. The growth of the dressings segment is attributed to the popularity and adoption of salads in everyday meals across the globe.

Distribution Channel Insights

Offline distribution channel accounted for the largest share of more than 80.0% in 2019. This channel includes a large variety of small manufacturers supplying their products locally. Preference for these can be found among customers when the choice of sauce, dressing, dip or spread is inspired from the regional cuisine. Furthermore, these products are preferred as some of the manufacturers try to keep it all organic and refrain from adding preservatives.

Global vegan sauces, dressings & spreads market share

Online distribution channel is expected to register the fastest CAGR of 9.3% from 2020 to 2027. Most major manufacturers have created their own online distribution channel, wherein these sauces, dressing, dips, and spreads can be easily ordered from their official websites. People prefer ordering online as it offers them the convenience as well as a large variety to select from. Additionally, such channels provide various add-on benefits, including cash-on delivery, coupon benefits, and cash-back offers.

Regional Insights

Europe accounted for the largest share of over 40.0% in 2019. This is attributed to increasing adoption of veganism as a lifestyle in majority of the countries, including Germany, U.K, France, Spain, and Italy. Furthermore, rising awareness pertaining to the environmental, ethical, and health impact of diet is projected to expand the scope of different varieties of vegan sauces, dressings and spreads in the near future.

North America is expected to register the fastest CAGR of 9.2% from 2020 to 2027. A large number of people in U.S. and Canada have been adopting vegan lifestyle on account of increased prevalence of food allergies and lactose intolerance among the population. This is expected to expand the scope of vegan sauces, dressings and spreads over the next few years.

Key Companies & Market Share Insights

Increasing number of manufacturers have been entering into the market for vegan sauces, dressings and spreads to leverage the ever-expanding opportunity. For instance, in March 2020, Michelin chefs Gavin Cassidy and Eoin Lennon started the company Porter & Nash. The initial investment of EUR 55,000 was made for building the company. The company offers kombu seaweed based vegan sauces. The sauce is gluten-free, fat-free, and is low in salt and sugar. Some of the prominent players in the vegan sauces, dressings and spreads market include:

  • 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. 

Vegan Sauces, Dressings and Spreads Market Report Scope

Report Attribute

Details

Market size value in 2020

USD 216.0 million

Revenue forecast in 2027

USD 365.8 million

Growth Rate

CAGR of 8.2% from 2020 to 2027

Base year for estimation

2019

Historical data

2016 – 2018

Forecast period

2020 – 2027

Quantitative units

Revenue in USD million/billion and CAGR from 2020 to 2027

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, distribution channel, and region

Regional scope

North America; Europe, Asia Pacific, Central & South America, and MEA

Country scope

U.S.; Canada; Germany; U.K.; France; Spain; Australia

Key companies profiled

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; and KENSINGTON & SONS.

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Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis on the latest industry trends and opportunities in each of the sub-segment from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global vegan sauces, dressings and spreads market report on the basis of product, distribution channel, and region:

  • Product Outlook (Revenue, USD Million, 2016 - 2027)

    • Sauces

    • Spreads

    • Dressings

  • Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

    • Online

    • Offline

  • Regional Outlook (Revenue, USD Million, 2016 - 2027)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

      • France

      • Spain

    • Asia Pacific

      • Australia

    • Central & South America

    • Middle East & Africa

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