About Packaged Dips
Dips are usually consumed along with a variety of savory snacks. These dips are manufactured using different types of ingredients which add flavor to the snacks. Retail packaged dips like sour cream and onion (like French onion), spinach and mushroom, and others are gradually becoming popular among consumers. Also, taco dip (made with refried beans, sour cream, cream cheese, salsa, tomatoes, green bell peppers, green onions, lettuce, black olives, cheddar cheese and taco seasoning mix) are enticing many consumers.
Technavio’s analysts forecast the global packaged dips market to grow at a CAGR of 11.36% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global packaged dips market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Packaged Dips Market 2017-2021
Technavio recognizes the following companies as the key players in the global packaged dips market: PepsiCo, Strauss Group, The Kraft Heinz Company, and T. Marzetti Company.
Other Prominent Vendors in the market are: Arizona Salsa and Spice Company, Black Swan Foods, Blue Dragon, Buckfast Organic Bakery, Chris’ Food Culture, Cindy’s Kitchen, Cornitos, CSC BRANDS, DESERT PEPPER, Garden Fresh Gourmet, Heavenly Dips, Laura Scudders, MegaMex Foods, Pizza Hut, Reser's Fine Foods, The HV Food Products Company, Ventura Foods, WALDEN FARMS, and WORLDFOODS.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is new product launches. In today's competitive world, product life cycles are getting shorter, and the players in the market are under pressure to come up with new products to remain competitive and satisfy the increasing consumer needs. Thus, the global packaged dips market has witnessed a rise in the number of new product launched over the past few years.”
According to the report, one driver in the market is usage of familiar ingredients in packaged dips to attract consumers. In developed markets (like the Americas and Western Europe), the familiarity of the ingredients in a product is being marketed as a unique feature of the product. The consumers in these markets read and analyze nutrition panels provided on product panels before making purchases, searching for cleaner and better ingredients. Thus, currently, many manufacturers of packaged dips across the globe are introducing familiar ingredients in packaged dips to attract consumers and let go of their inhibition about consuming packaged products.
Further, the report states that one challenge in the market is harmful effects of packaged dips. Packaged dips are often criticized by many health-conscious consumers. This is because these dips contain a lot of added fats and sugar that can add excess calories to consumers’ meals. For instance, 1 ounce of ranch dip serves 142 calories. Consumers, who regularly use these packaged dips are likely to gain weight. Thus, consumers, who are health conscious avoid consuming these packaged dips. However, currently, many players are coming up with low fat packaged dips to entice these health-conscious consumers.
PepsiCo, Strauss Group, The Kraft Heinz Company, and T. Marzetti Company.Arizona Salsa and Spice Company, Black Swan Foods, Blue Dragon, Buckfast Organic Bakery, Chris’ Food Culture, Cindy’s Kitchen, Cornitos, CSC BRANDS, DESERT PEPPER, Garden Fresh Gourmet, Heavenly Dips, Laura Scudders, MegaMex Foods, Pizza Hut, Reser's Fine Foods, The HV Food Products Company, Ventura Foods, WALDEN FARMS, and WORLDFOODS.