About the Mayonnaise Market
Salad dressing includes condiments such as sauces, cream, nuts, and cheese to enhance the taste andtexture of salads. Mayonnaise is a thick creamy sauce made from egg yolk, oil, vinegar, and lemon juice. It is used as a spread in sandwiches and as a salad dressing. The consumption volume of sauces and dressings has been on the rise over the recent years with the increased trend of at-home cooking and growing interest in different cuisines. The availability of small and convenient packs has also increased the consumption volume of sauces and dressings globally.
Technavio’s analysts forecast the global mayonnaise market to grow at a CAGR of 4.5% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global mayonnaise market for 2016-2020. To calculate the market size, the report considers the revenue generated from sale of the following product categories:
Technavio Announces the Publication of its Research Report – Global Mayonnaise Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Mayonnaise Market: Dr. Oetker, Kraft Heinz, McCormick & Company, and Unilever.
Other Prominent Vendors in the market are: American Garden, Cibona, Del Monte, Duke’s, Kenko Mayonnaise, Ken's Foods, Mrs. Bector's Cremica, Oasis Foods, Remia, Scandic Food India, Stokes Sauces, and Tina.
Commenting on the report, an analyst from Technavio’s team said: “The demand for vegetarian or egg-free spreads in countries like India has led to growth of the market. In India, the vegetarian mayonnaise contributes to 80% of overall mayonnaise sales. The country has a sizeable population of vegetarians in addition to non-vegetarians who avoid meat-based diet on certain days of the week.”
According to the report, the rising demand for convenient food will accelerate the growth of the mayonnaise market during the forecast period. An expanding working population in G7 and EU countries has led to a significant shortage of time and busier lifestyles among consumers. This directly impacts the eating habits as consumers tend to rely on convenience and RTE foods. As mayonnaise is one of the most widely used ingredients in the preparation of fast foods such as hamburgers and sandwiches, its consumption is growing.
Further, the report states that mayonnaise is increasingly being used at home globally, especially in the Americas and Asia Many cooks prefer the fresh taste and texture of homemade mayonnaise.
Dr. Oetker, Kraft Heinz, McCormick & Company, Unilever, American Garden, Cibona, Del Monte, Duke’s, Kenko Mayonnaise, Ken's Foods, Mrs. Bector's Cremica, Oasis Foods, Remia, Scandic Food India, Stokes Sauces, Tina.