The global mayonnaise market Growth Accelerated by Increased Demand for Clean Label and Organic Mayonnaise
Mayonnaise is an oil and vinegar-based food product widely
used as a dressing or condiment for sandwiches and salads. Mayonnaise provides
creaminess and flavor to foods. It contains egg yolks, oil, lemon juice or
vinegar which makes it an excellent substitute for high-calorie butter and
sauces.
The global mayonnaise market is estimated to be valued at
US$ 11.83 Bn in 2023 and is expected to exhibit a CAGR of 4.6% over the
forecast period 2023 to 2030, as highlighted in a new report published by
Coherent Market Insights.
Market key trends:
The increased demand for clean label and organic mayonnaise is one of the key
trends accelerating the growth of the global mayonnaise market. Clean label
refers to food products containing simple, easy to recognize ingredients
without artificial preservatives or additives. Consumers today are more
inclined towards organic, natural, and clean label products. This growing
preference has prompted mayonnaise manufacturers to offer clean label and
organic varieties free of artificial additives and preservatives. Advanced
technologies allow the production of mayonnaise with natural ingredients that
match the taste and texture of traditional varieties. The clean label and
organic mayonnaise segment is expected to register fastest growth during the
forecast period.
Segment Analysis
The mayonnaise market is segmented into spread mayonnaise and dip mayonnaise.
Spread mayonnaise dominates the market with over 60% share. This is because
spread mayonnaise offers smooth texture and is more versatile to use for
sandwiches and burgers. Its palatable taste has made it a popular condiment
used across households and commercial establishments worldwide.
Key Takeaways
The global mayonnaise market is expected to witness high growth over the
forecast period of 2023 to 2030. The global mayonnaise market is estimated to
be valued at US$ 11.83 Bn in 2023 and is expected to exhibit a CAGR of 4.6%
over the forecast period 2023 to 2030.
North America currently dominates the market due to
the high consumption of mayonnaise as a staple condiment among consumers in the
US and Canada. Rising health consciousness and changing taste preferences have
led to an increased demand for organic and vegan varieties of mayonnaise in the
region. Europe is the second largest and one of the fastest growing regions for
mayonnaise market. Countries like France, Germany and UK are major consumers
given rising demand for fusion cuisine. Moreover, substantial presence of
leading global players has ensured easy availability of different flavor
variants.
Key players operating in the mayonnaise market include jinomoto Co., Inc., McCormick & Company, Inc., Kraft Heinz Company, Unilever, Kewpie Corporation, Sauer Brands, Inc. (Duke's Mayonnaise), Kensinton & Sons, LLC, Spectrum Organic Products, LLC, Woodstock Foods, and others. These players are focusing on new product launches tailored to regional tastes and expanding to untapped markets like Asia Pacific and Middle East & Africa to increase market share.
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