Canada Vegan Sauces, Dressings & Spreads Market Size & Outlook
Canada vegan sauces, dressings & spreads market, 2016-2027 (US$M)
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Canada vegan sauces, dressings & spreads market highlights
- The Canada vegan sauces, dressings & spreads market generated a revenue of USD 11.2 million in 2019 and is expected to reach USD 27.2 million by 2027.
- The Canada market is expected to grow at a CAGR of 11.7% 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 11.2 million |
| Market revenue in 2027 | USD 27.2 million |
| Growth rate | 11.7% (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, Canada accounted for 5.8% 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 North America, U.S. vegan sauces, dressings & spreads market is projected to lead the regional market in terms of revenue in 2027.
- Canada is the fastest growing regional market in North America and is projected to reach USD 27.2 million by 2027.
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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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Canada 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 49.11% in 2019. Horizon Databook has segmented the Canada vegan sauces, dressings & spreads market based on spreads, dressings, sauces covering the revenue growth of each sub-segment from 2016 to 2027.
The rising trend of healthy lifestyles, government initiatives, and the introduction of various vegan products in this country drive the market for vegan sauces, dressings & spreads. In August 2020, the Canadian government announced USD 2.6 million in federal funding to support the Food Processing Development Centre in Leduc.
The funding will be used for new equipment that will help the companies present in the Alberta Province to develop new plant-based food products. Moreover, the rising prevalence of lactose intolerance in Canadians is also driving the demand for vegan food products.
According to the Canadian Digestive Health Foundation 2020, lactose intolerance affects more than 7 million people in Canada. The dressings segment is projected to witness the fastest growth of 12.3% during the forecast period due to consumer willingness to try new and ethnic flavors of condiments. Salad dressings were previously a mature product category in Canada.
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Target buyers of Canada 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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada vegan sauces, dressings & spreads market , including forecasts for subscribers. This country databook contains high-level insights into Canada vegan sauces, dressings & spreads market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Canada vegan sauces, dressings & spreads market size, by product, 2016-2027 (US$M)
Canada Vegan Sauces, Dressings & Spreads Market Outlook Share, 2019 & 2027 (US$M)
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