Global Vegan Sauces, Dressings & Spreads Market is valued approximately USD 228 million in 2021 and is anticipated to grow with a healthy growth rate of more than 8.5% over the forecast period 2022-2028.
Increased consumer awareness of cruelty-free goods in industrialized nations predicted to have a beneficial effect on market growth by increasing the importance of a vegetarian diet among consumers. Along with these the growing importance of a vegetarian diet as well as increasing prevalence of allergies and intolerance is driving the growth of market. For instance, according to information supplied by the "Food Intolerance Network around 70% of people in 2019 had lactose intolerance,.". according to data released by the Food Allergy Research & Education (FARE). Food allergies affected 32 million Americans in the United States in 2019, This study found that eggs, fish, and shellfish are the main causes of food allergies. The range of vegan sauces, dressings, and spreads is therefore anticipated to increase over the following few years due to the rising prevalence of food allergies. Consequentially, rsing prevalence of lactose intolerance and increasing demand for vegan products, stimulates market growth in the approaching years. However, restrictions on the use of plastic packaging solutions may impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Vegan Sauces, Dressings & Spreads Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Europe is the leading region across the world in terms of market share owing to the growing trend of and adoption of veganism as well as rising environmental concern and rising adoption of healthy lifestyle in the region. Whereas, North America is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the adoption of vegan lifestyle among the people.
Major market players included in this report are:
Cisco Systems, Inc.
Huawei Technologies Co., Ltd.
Follow Your Heart
Daiya Foods Inc
Meridian Foods Limited
Amy's Kitchen, Inc.
B&G Foods, Inc.
Red Duck Foods, Inc.
Bear Pond Farm
KENSINGTON & SONS.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Vegan Sauces, Dressings & Spreads Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers