Middle East & Africa Vegan Sauces, Dressings & Spreads Market Size & Outlook
Middle East & Africa vegan sauces, dressings & spreads market, 2016-2027 (US$M)
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MEA vegan sauces, dressings & spreads market highlights
- The MEA vegan sauces, dressings & spreads market generated a revenue of USD 14.3 million in 2019.
- The market is expected to grow at a CAGR of 8.6% 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.
MEA data book summary
| Market revenue in 2019 | USD 14.3 million |
| Market revenue in 2027 | USD 27.6 million |
| Growth rate | 8.6% (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, MEA region accounted for 7.3% 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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Middle East & Africa 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 48.95% in 2019. Horizon Databook has segmented the Middle East & Africa vegan sauces, dressings & spreads market based on spreads, dressings, sauces covering the revenue growth of each sub-segment from 2016 to 2027.
Growing awareness about the benefits of a plant-based diet and rising preference for sustainable and ethical products are expected to drive the demand for vegan sauces, dressing and spreads. Moreover, the demand for international cuisines enriched with herbs and spices, especially among the young generation in countries like UAE and South Africa, is expected to boost the sale of condiments in the region.
Sauces emerged as the largest segment in 2019 with a market share of 49.1%. Sauces find application in a large number of dishes and are added to improve the texture and flavor of the food. Dressings are projected to witness the fastest growth during the forecast period owing to the rising adoption of a healthy lifestyle among consumers.
Moreover, an increasing number of consumers are now focusing on the nutrients they consume on a daily basis, which is expected to provide ample growth opportunities to manufacturers in the coming years.
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Target buyers of Middle East & Africa 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 Middle East & Africa vegan sauces, dressings & spreads market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa vegan sauces, dressings & spreads market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Middle East & Africa vegan sauces, dressings & spreads market
Middle East & Africa Vegan Sauces, Dressings & Spreads Market Outlook Share, 2019 & 2027 (US$M)
Middle East & Africa vegan sauces, dressings & spreads market
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