Germany Vegan Sauces, Dressings & Spreads Market Size & Outlook
Germany vegan sauces, dressings & spreads market, 2016-2027 (US$M)
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Germany vegan sauces, dressings & spreads market highlights
- The Germany vegan sauces, dressings & spreads market generated a revenue of USD 12.8 million in 2019 and is expected to reach USD 25.0 million by 2027.
- The Germany market is expected to grow at a CAGR of 8.7% 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 12.8 million |
| Market revenue in 2027 | USD 25.0 million |
| Growth rate | 8.7% (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, Germany accounted for 6.6% 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 Europe, France vegan sauces, dressings & spreads market is projected to lead the regional market in terms of revenue in 2027.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 23.2 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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Germany 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 46.09% in 2019. Horizon Databook has segmented the Germany vegan sauces, dressings & spreads market based on spreads, dressings, sauces covering the revenue growth of each sub-segment from 2016 to 2027.
The growth of the vegan population is the major factor driving this market’s growth. According to the USDA Gain Report 2020, the number of people identifying as either complete or nearly complete vegetarians has grown by 700 thousand individuals, reaching about 8 million people in 2019.
The growing concerns for human health and environment are the major reasons that have encouraged consumers to switch to a vegan diet. According to a survey conducted by Veganz in 2019, 80% of the survey participants stated environmental reasons and 55% cited health concerns as the main reasons for becoming vegan.
The sauces segment was valued at USD 5.9 million in 2019 and is projected to reach USD 11.4 million by 2027. The trend for healthy and nutrient-rich sauces, especially pasta and dry sauces, is driving this market’s growth.
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Target buyers of Germany 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 country-level data and insights on the Germany vegan sauces, dressings & spreads market , including forecasts for subscribers. This country databook contains high-level insights into Germany vegan sauces, dressings & spreads market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Germany vegan sauces, dressings & spreads market size, by product, 2016-2027 (US$M)
Germany Vegan Sauces, Dressings & Spreads Market Outlook Share, 2019 & 2027 (US$M)
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