Vegan Sauces, Dressings & Spreads Market 2020 and Forecast 2021-2027

                                          
Report Overview: Vegan Sauces, Dressings & Spreads Market


The global vegan sauces, dressings and spreads market size was valued at USD 183.5 million in 2020 and looks set to grow at a compound annual growth rate (CAGR) of 8.2% from 2021 to 2027. 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.


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.



Product Insights: Vegan Sauces, Dressings & Spreads Market

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 highest CAGR of 7.7% from 2021 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.


Online distribution channel is expected to register the highest CAGR of 8.2% from 2021 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: Vegan Sauces, Dressings & Spreads Market

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.

North America is expected to register the highest CAGR of 8.1% from 2021 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: Vegan Sauces, Dressings & Spreads Market

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:

Key companies Profiled: Vegan Sauces, Dressings & Spreads Market Report

 	
Follow Your Heart
 	
Daiya Foods Inc.
 	
Meridian Foods Limited
 	
 Amys Kitchen, Inc.
 	
B&G Foods, Inc.
 	
Litehouse, Inc.
 	
Red Duck Foods, Inc.
 	
Majestic Garlic
 	
Bear Pond Farm
 	
KENSINGTON & SONS.

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, Trusted Business Insights 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