Asia Pacific Vegan Sauces, Dressings & Spreads Market Size & Outlook
Asia Pacific vegan sauces, dressings & spreads market, 2016-2027 (US$M)
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Asia Pacific vegan sauces, dressings & spreads market highlights
- The Asia Pacific vegan sauces, dressings & spreads market generated a revenue of USD 33.8 million in 2019.
- The market is expected to grow at a CAGR of 10.4% from 2020 to 2027.
- In terms of segment, sauces was the largest revenue generating product in 2019.
- Dressings is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Australia is expected to register the highest CAGR from 2020 to 2027.
Asia Pacific data book summary
| Market revenue in 2019 | USD 33.8 million |
| Market revenue in 2027 | USD 74.4 million |
| Growth rate | 10.4% (CAGR from 2019 to 2027) |
| Largest segment | Sauces |
| Fastest growing segment | Dressings |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Spreads, Dressings, Sauces |
| Key market players worldwide | Danone SA, Otsuka Pharmaceutical, Unilever PLC, B&G Foods, Meridian Foods, Amy's Kitchen, Litehouse, Majestic Garlic, Tyner Pond Farm |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 17.4% of the global vegan sauces, dressings & spreads market in 2019.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2027.
- North America is the fastest growing regional market and is projected to reach USD 121.3 million by 2027.
Key Regions: U.S. , UK , Australia , Canada , Germany
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Vegan Sauces, Dressings & Spreads Market Scope
Vegan Sauces, Dressings & Spreads Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific vegan sauces, dressings & spreads market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to vegan sauces, dressings & spreads market will help companies and investors design strategic landscapes.
Sauces was the largest segment with a revenue share of 46.45% in 2019. Horizon Databook has segmented the Asia Pacific vegan sauces, dressings & spreads market based on spreads, dressings, sauces covering the revenue growth of each sub-segment from 2016 to 2027.
Australia was the largest market in Asia Pacific with a share of 60.1% in 2019. Increasing awareness about the benefits of vegan food and growing concerns for animals and the environment are expected to drive the demand for vegan sauces, dressings & spreads.
Furthermore, the growing focus on leading a healthier lifestyle and attraction toward international cuisines, especially among the youth, is driving the market growth. Sauces emerged as the largest segment in 2019 with a market share of 46.5%.
Inclusion of sauces in various types of curries due to continued consumer preference for cooking is driving the demand for sauces. Furthermore, growing interest in western dishes, along with health concerns, is likely to boost the demand for sauces such as pasta sauce and hot sauce. Innovation in sauce flavors could provide lucrative opportunities to the manufacturers in the coming years.
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Target buyers of Asia Pacific vegan sauces, dressings & spreads market databook
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Our clientele includes a mix of vegan sauces, dressings & spreads market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific vegan sauces, dressings & spreads market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific vegan sauces, dressings & spreads market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Asia Pacific vegan sauces, dressings & spreads market size, by country, 2016-2027 (US$M)
Asia Pacific Vegan Sauces, Dressings & Spreads Market Outlook Share, 2019 & 2027 (US$M)
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