Europe Vegan Sauces, Dressings & Spreads Market Size & Outlook
Europe vegan sauces, dressings & spreads market, 2016-2027 (US$M)
Related Markets
Europe vegan sauces, dressings & spreads market highlights
- The Europe vegan sauces, dressings & spreads market generated a revenue of USD 81.2 million in 2019.
- The market is expected to grow at a CAGR of 9.3% 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, Spain is expected to register the highest CAGR from 2020 to 2027.
Europe data book summary
| Market revenue in 2019 | USD 81.2 million |
| Market revenue in 2027 | USD 165.4 million |
| Growth rate | 9.3% (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, Europe region accounted for 41.7% 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.
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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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Europe 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 43.84% in 2019. Horizon Databook has segmented the Europe vegan sauces, dressings & spreads market based on spreads, dressings, sauces covering the revenue growth of each sub-segment from 2016 to 2027.
In the last few years, the vegan movement has exploded in the European countries, majorly the U.K. and Germany, owing to the growing awareness among people about health, environment, and ethical issues linked with the consumption of dairy and meat.
Millennials and Generation Z are opting for vegan food, due to the growing concerns for health and sustainability. All these factors are expected to drive the vegan sauces, dressings, & spread market in Europe.
The growing consumer trend for cooking at home and value-added health benefits of vegan sauces is driving the demand for sauces in this region. Furthermore, cultural diversity in Europe has paved the way for ethnic cuisines to flourish and has prompted consumers to explore new and exotic flavors of sauces, which, in turn, has encouraged manufacturers to launch a new range of vegan sauces.
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Target buyers of Europe 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 Europe vegan sauces, dressings & spreads market , including forecasts for subscribers. This continent databook contains high-level insights into Europe vegan sauces, dressings & spreads market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Europe vegan sauces, dressings & spreads market size, by country, 2016-2027 (US$M)
Europe Vegan Sauces, Dressings & Spreads Market Outlook Share, 2019 & 2027 (US$M)
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