Egg-Free Mayonnaise Market Size, Share, Industry Forecast

 

Egg-Free Mayonnaise Market

The Egg-Free Mayonnaise Market is predicted to reach USD 2038 million by the end of 2027, growing at a CAGR of 6.2% over the forecast period (2020-2027).

The factors driving the growth of Egg-Free Mayonnaise Market includes rise in the number of chronic diseases such as diabetes, obesity and blood pressure related problems and growing demand for plant-based products around the world. According to the report published by Bloomberg, the Global Plant Based Foods Market was estimated around USD 29.4 billion in 2020 and is predicted to reach USD 162 billion by the end of 2030, making up around 7.7% of the global protein market, which will boost the Egg-Free Mayonnaise Market size in the approaching years. Moreover, growing trend of veganism, rise in consumers inclination towards adopting healthy lifestyles, availability of different flavors of mayonnaise products at the online platforms, and increasing popularity of gluten free and egg free products, are some of the additional facts supplementing the market growth. In addition, entrance of new players in the market, rising awareness amongst consumers about the nutritious benefits of mayonnaise, rapid urbanization and increasing population growth rates, are further contributing towards the market growth.

Request a free sample f this report

However, the growth of Egg-Free Mayonnaise Market is hindered due to strict regulations imposed by the Food authorities.

The leading players operating in the Egg-Free Mayonnaise Market includes Unilever Group, Spectrum Organic Products, LLC, Dr. Oetker, Just Inc., Crosse & Blackwell, Zydus Wellness Limited, Veeba Food Services Private Limited, Nasoya Foods, Inc, Conagra Brands, Inc., Nestle and Del Monte Foods Inc., among others.

Based on Nature, the Organic segment is projected to capture the largest market share during the forecast period

As per the Egg-free Mayonnaise Market Analysis, growing consumers preference for organic mayonnaise products over traditional mayonnaise owing to the health benefits of organic mayonnaise, is propelling the segment’s growth. 

Based on End-User, the HoReCa segment is estimated to expand at a remarkable CAGR over the forecast period

Increasing availability of wide variety of mayonnaise flavors such as tandoori, garlic & herb and mint, growing adoption of vegan diets across the globe, are some of the factors responsible for the segment’s growth.

Based on Region, the Asia-Pacific region is anticipated to hold the highest market share during the forecast period

Rising prevalence of health problems such as obesity, diabetes and cholesterol related problems, increasing vegan population, easy availability of plant-based products at the supermarkets and online stores, rapid urbanization and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific.

Key Developments

  • In 2019, Zydus Wellness Limited launched its egg-free mayonnaise product in India, which is rich in vitamin A, vitamin D and vitamin E.
  • In 2018, Del Monte Foods Inc. launched new spout packs for its products including eggless mayo and tandoori mayo which provides and affordable option to its target audience.

Market Segmentation

Global Egg-free Mayonnaise Market by Nature

  • Organic
  • Conventional

Global Egg-free Mayonnaise Market by End-User

  • HoReCa
  • Households
  • Others

Global Egg-free Mayonnaise Market by Distribution Channel

  • Online Stores
  • Hypermarkets
  • Specialized Stores
  • Others

Global Egg-free Mayonnaise Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/

Location: United States

Comments

Post a Comment

Popular posts from this blog

Seizing the Europe Smart Home Market Opportunity

Image
 The Europe smart home market presents a vast and promising opportunity for businesses and consumers alike. With advancements in technology, changing lifestyles, and increasing awareness about energy efficiency, the smart home industry in Europe is ripe with potential for growth and innovation. The opportunity in the Europe smart home market stems from several key factors. Firstly, the region boasts a large and affluent consumer base that is increasingly embracing connected technology to enhance their lifestyles. From smart thermostats and lighting systems to security cameras and voice-controlled assistants, the demand for smart home devices is on the rise across the continent. Moreover, supportive regulatory initiatives and incentives aimed at promoting energy efficiency and sustainability are creating a conducive environment for the adoption of smart home technology in Europe. Tax incentives, rebates, and subsidies for energy-efficient home upgrades are encouraging homeowners to inv
Read more

Unlocking Opportunities: GCC Medical Packaging Market Growth in 2024

Image
The GCC medical packaging market is poised for substantial growth in 2024, driven by factors such as technological advancements, increasing healthcare spending, and a focus on patient safety. The region's growing population, coupled with rising demand for quality healthcare services, is fueling the expansion of the medical packaging sector. Let's explore the key drivers and opportunities contributing to the growth of the GCC medical packaging market this year. One of the primary drivers of market growth is the continuous innovation in medical packaging technologies. Companies are investing in advanced packaging materials, designs, and functionalities to meet the evolving needs of healthcare providers and patients. Smart packaging solutions equipped with sensors, RFID tags, and tracking capabilities are enhancing product safety, supply chain visibility, and real-time monitoring. This technological progress is driving the adoption of intelligent packaging solutions and fueling m
Read more

Riding the Wave: India Wireless Earphone Market Surges Amidst Growing Demand

Image
 The India Wireless Earphone Market is witnessing remarkable growth, buoyed by an increasing demand for wireless audio solutions and a shift towards a wireless lifestyle. With consumers seeking convenience, mobility, and superior audio quality, wireless earphones have emerged as a must-have accessory in today's digital age, driving significant market expansion. One of the key drivers of growth in the India Wireless Earphone Market is the rising penetration of smartphones and smart devices. With smartphone ownership becoming ubiquitous across urban and rural areas, there is a growing need for wireless earphones that complement these devices seamlessly. As consumers look for hassle-free connectivity and on-the-go audio solutions, the demand for wireless earphones continues to surge, fueling market growth. Moreover, technological advancements in wireless audio technology are driving market expansion. Innovations such as true wireless earbuds, active noise cancellation, and advanced B
Read more