Australia Vegan Sauces, Dressings & Spreads Market Size & Outlook
Australia vegan sauces, dressings & spreads market, 2016-2027 (US$M)
Related Markets
Australia vegan sauces, dressings & spreads market highlights
- The Australia vegan sauces, dressings & spreads market generated a revenue of USD 20.2 million in 2019 and is expected to reach USD 44.0 million by 2027.
- The Australia market is expected to grow at a CAGR of 10.2% 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.
Vegan sauces, dressings & spreads market data book summary
| Market revenue in 2019 | USD 20.2 million |
| Market revenue in 2027 | USD 44.0 million |
| Growth rate | 10.2% (CAGR from 2019 to 2027) |
| Largest segment | Sauces |
| Fastest growing segment | Dressings |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 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, Australia accounted for 10.4% of the global vegan sauces, dressings & spreads market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, Australia vegan sauces, dressings & spreads market is projected to lead the regional market in terms of revenue in 2027.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 44.0 million by 2027.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Vegan Sauces, Dressings & Spreads Market Scope
Vegan Sauces, Dressings & Spreads Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia 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 47.03% in 2019. Horizon Databook has segmented the Australia vegan sauces, dressings & spreads market based on spreads, dressings, sauces covering the revenue growth of each sub-segment from 2016 to 2027.
Increasing popularity of vegan food due to its health benefits and growing concerns for animal welfare and sustainability is expected to drive the market growth. According to Google Trends 2019, the most popular country for veganism in the world was the U.K., followed by Australia.
The older generation are consuming more vegan food due to health conditions, while the young generation is opting for vegan food due to concerns for animal welfare. Furthermore, the high prevalence of lactose intolerance is also encouraging consumers to switch to a vegan diet.
The trend of healthy products and the demand for premium sauces is anticipated to drive the demand for sauces. Thus, various manufacturers are launching products in this category. For instance, in September 2020, Hello Friends Foods, an Australia-based startup, launched several vegan products including halloumi, mozzarella, and cheese sauce, which are free from gluten, palm oil, nuts, and the main allergens.
Reasons to subscribe to Australia vegan sauces, dressings & spreads market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Australia vegan sauces, dressings & spreads market databook
-
Our clientele includes a mix of vegan sauces, dressings & spreads market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 country-level data and insights on the Australia vegan sauces, dressings & spreads market , including forecasts for subscribers. This country databook contains high-level insights into Australia vegan sauces, dressings & spreads market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
Australia vegan sauces, dressings & spreads market size, by product, 2016-2027 (US$M)
Australia Vegan Sauces, Dressings & Spreads Market Outlook Share, 2019 & 2027 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
