GVR Report cover 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

  • Report ID: GVR-4-68038-512-0
  • Number of Pages: 80
  • Format: Electronic (PDF)

Report Overview

The global vegan sauces, dressings & spreads market size to be valued at USD 365.8 million by 2027 and is expected to grow at a compound annual growth rate (CAGR) of 8.2% during the forecast period. The growing importance of a vegetarian diet among the consumers as a result of increased awareness regarding cruelty-free products in developed economies, including Germany, the U.K., and France, is expected to have a positive impact on market growth.

Vegan Sauces, Dressings & Spreads Market Market size, by product

According to the data published by the Food Allergy Research & Education (FARE), in 2019, 32 million Americans suffered from food allergies in the 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 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 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.

Vegan Sauces, Dressings & Spreads Market Market Trends

The primary driver for this market is the increasing per capita income paired with the increased consumption of ethnic and traditional cuisines. Furthermore, the growing consumption of fast food such as pizza, burgers, pasta, and other items, and the expansion of the food and beverage sector, are also influencing the growth of the market. Additionally, growth inproduct developments by manufacturers and packaging improvements are ensuring profitable growth for the industry.

Frequent fluctuations in the manufacturing costs owing to a variety of variables are likely to hamperthe expansion of the market. Additionally, disruptions in the supply chain and strict regulations for product quality are expected to decrease the pace of development of the market and limit market growth during the forecast period.

The increase in the number of offline outlets, expansion of the e-commerce business, particularly in developing nations, and increased proliferation of western values are expected to contribute to the growth of the industry in the coming years. The rising consumption of spicy food products is expected to be the primary opportunity for market growth. However, restrictions on the use of plastic packaging solutions are expected to be a challenge for the expansion of this business.

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 the 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 by the regional cuisine. Furthermore, these products are preferred as some of the manufacturers try to keep it all organic and refrain from adding preservatives.

Vegan Sauces, Dressings & Spreads Market Market share, by distribution channel

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 channels, 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, the 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.

Vegan Sauces, Dressings & Spreads Market Trends by Region

North America is expected to register the fastest CAGR of 9.2% from 2020 to 2027. A large number of people in the 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.

Recent Developments

  • In July 2021, Daiya Foods Inc.launchedan e-commerce site for easy access to its entire plant-based food line. The company isamong the most renowned dairy-free cheese manufacturersin the United States and Canada

  • In October 2021, Follow Your Heart launched Dairy-Free Bleu Cheese Crumbles, the company's second product in its new plant-based cheese line, following the successful Dairy-Free Feta Crumbles, which were launched the previousyear. The product isadvertised to be great in salads, crostini, or when sprinkled over a pizza

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.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options


Global Vegan Sauces, Dressings & Spreads Market Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments 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:

Global Vegan Sauces, Dressings & Spreads Market Segmentation

  • 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

      • The U.S.

      • Canada

    • Europe

      • Germany

      • The U.K.

      • France

      • Spain

    • Asia Pacific

      • Australia

    • Central & South America

    • Middle East & Africa

Frequently Asked Questions About This Report

gvr icn

GET A FREE SAMPLE

gvr icn

This FREE sample includes data points, ranging from trend analyses to estimates and forecasts. See for yourself.

gvr icn

NEED A CUSTOM REPORT?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities. Contact us now

Certified Icon

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.