The ‘Global Vegan Salad Dressing Market Size, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global vegan salad dressing market, assessing the market on the basis of its segments like product, distribution channel, end user, and major regions.
Vegan Salad Dressing Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): Approximately USD 387.2 Million
- Forecast CAGR (2023-2028): 8.70%
- Forecast Market Size (2028): Around USD 646.36 Million
The growing global health consciousness has led to an increased demand for dishes that are flavoursome as well as offer several health benefits. Salads are generally considered a healthier food option and are easy to prepare. Hence, there is a surge in demand for salad dressing, including vegan salad dressings, aiding the global vegan salad dressing market growth.
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The rising prevalence of lactose intolerance and increasing cases of food allergies caused by eggs, fish, and shellfish have encouraged people to shift to a vegan diet. A surge in demand for vegan products globally, across all categories of food and beverages can be witnessed. The growing inclination towards a vegan diet has increased the demand for vegan salad dressing, assisting the growth of the global vegan salad dressing market.
The increasing concerns among the masses regarding animal well-being have led to a shift from animal based-products and by-products to cruelty-free vegan diet. Hence, there is an increase in demand for vegan salad dressing, resulting in the global vegan salad dressing market expansion.
Vegan Salad Dressing Industry Definition and Major Segments
A vegan salad dressing is a sauce usually made with mayonnaise or vinaigrette with additional ingredients and is used as a topping to provide flavour to salads. A vegan salad dressing does not contain animal products or by-products. It is made using ingredients like sunflower oil, tamari, apple cider vinegar, soy, and nutritional yeast.
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By product, the global vegan salad dressing market is divided into:
- Vegan Mayonnaise
- Ranch Dressing
- Oil Based Dressing
- Sauces
- Others
Based on distribution channel, the market is categorised into:
- Supermarkets and Hypermarkets
- Convenience Stores
- Speciality Stores
- Online
- Others
By end user, the market is segmented into:
- HoReCa/Food Service
- Household
- Others
The major regional markets for vegan salad dressing include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Vegan Salad Dressing Market Trends
The global vegan salad dressing market is expected to witness a robust growth over the forecast period owing to the expansion of distribution channels, resulting in improved accessibility to vegan salad dressing. Along with this, the growing innovations and experimentation in the manufacturing process to develop new and interesting variants with different flavours to cater to the demands of consumers and serve a wider food palate are assisting the market growth.
Vegan mayonnaise accounts for a significant share of the global vegan salad dressing market. It is one of the most widely used and accessible salad dressings available in the market. Mayonnaise is used to enhance the food’s flavour, texture, and aesthetic appeal. Additionally, people attempting to shift to a vegan diet prefer mayonnaise dressing as there is a minimal difference in flavour between vegan and regular mayonnaise.
Supermarkets and hypermarkets hold a significant share of the global vegan salad dressing market owing to the availability of a wider range of premium and privately labelled salad dressings on these channels. Consumers have a variety of options, including different flavours and sizes, to choose from. However, with the emergence of e-commerce platforms facilitating home delivery and offering lucrative discounts to consumers, the online segment is expected to witness a robust growth over the forecast period.
Key Market Players
The major players in the global vegan salad dressing market report are Unilever Plc, The Kraft Heinz Company, Conagra Brands, Inc., Daiya Foods Inc., Meridian Foods Limited, Kewpie Corporation, Follow Your Heart, Litehouse Inc., Red Duck Foods, Inc., and B&G Foods, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
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