Egg-Free Mayonnaise Market is set for a Rapid Growth and is further expected to grow at a CAGR of 6.4% during the forecast period
Zion Market Research has published a new report titled “Egg-free Mayonnaise Market by Distribution Type (Hypermarket, Supermarket, Convenience store, and Others) by End-Use (HORECA and Household), and by Geography: Global Industry Perspective, Comprehensive Analysis, and Forecast.
According to the report, The egg-free mayonnaise market size is projected to be valued at US$ 4,315.4 million in 2023 and is expected to rise to US$ 7,988.2 million by 2033. The sales of egg-free mayonnaise are expected to grow at a significant CAGR of 6.4% during the forecast period.
Vegan mayonnaise is officially taking over the condiment world, with more products than ever going eggless. As more people are embracing a plant-based or flexitarian diet, the global food market has come up with new dressings to jazz up the dullest of salads. Plant-based mayos are being whisked up using avocado oil, tofu, and even pulses. In the world of all things saucy, mayonnaise is somewhat unique in that it is both everyday and luxurious at the same time. The thick, creamy condiment is a staple of nearly every fridge and regularly chucked into the shopping trolley with little ceremony. Yet a dollop of the stuff transforms a simple sandwich into a moreish lunch, a plain burger into a sumptuous snack. However, as mayonnaise is traditionally made with egg yolk, vegan versions are in great demand. As well as being more sustainable and ethically sourced, plant-based mayos are usually lower in saturated fat than the eggy alternatives and contain between 20–22 percent fewer calories.
The rapid engrossment for the use of egg alternatives such as plant-based products by the food and beverage industry is propelled by many factors including demand for the concept of veganism and rise in awareness about health and nutrition, environmental sustainability and improved food safety. The egg-free mayonnaise offers numerous health benefits such as fewer calories compared with normal mayonnaise and high presence of vitamins (A, D, E, and K). It is considered as an effective source to slow down the cholesterol level because of having high nutritional value, low calorie. Due to these health benefits, the food and beverage sector is utilizing the egg-free mayonnaise which led to the development of the market.
The egg-free mayonnaise has a huge demand in hotels, restaurants, and canteens owing to the varieties of flavors present such as garlic and herb, aioli, mint, tandoori and mild curry. The manufacturers are offering these wide ranges of products as mentioned to have a unique position in the market as well as to gain market share. Rapid urbanization, increasing disposable incomes, and growth in modern retail outlets have led to the customers experimenting with western cuisine. This has resulted in the strong growth of premium sauce categories, such as mayonnaise. The significant rise in the demand for nutritious food and a growing awareness of animal welfare are the primary factors that are driving the market. The demand for nutritious food has increased owing to awareness about a healthy lifestyle and to restrain from health issues such as diabetes, blood pressure, sugar, and cholesterol level problem. The growing awareness of animal welfare is due to an increase in the number of vegan individuals. Moreover, NGOs are promoting animal welfare as well as the concept of veganism which ultimately led to the development of the market.
Some key players in operating in the egg-free mayonnaise market are -
- Dr. Oetkar
- Crosse & Blackwell
- Kensington & Sons
- Nestle
- Zydus Wellness Limited
- Del Monte Foods Inc
- Spectrum Organic Products
- Unilever Group
- Just Inc
- Veeba Food Services Private Limited
- Follow Your Heart
- Remia C.V.
- Granovita
- Nasoya Foods
- Conagra Brands
This report segments the global egg-free mayonnaise market as follows:
Global Egg-Free Mayonnaise Market: Distribution Type Segment Analysis
- Hypermarket
- Supermarket
- Convenience Store
- Others
Global Egg-Free Mayonnaise Market: End-Use Segment Analysis
- HoReCa
- Household
Global Egg-Free Mayonnaise Market: Regional Segment Analysis
- North AmericaU.S.
- EuropeUKFranceGermany
- Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- Middle East and Africa
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