North America Vegan Sauces, Dressings & Spreads Market Size & Outlook
North America vegan sauces, dressings & spreads market, 2016-2027 (US$M)
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North America vegan sauces, dressings & spreads market highlights
- The North America vegan sauces, dressings & spreads market generated a revenue of USD 52.9 million in 2019.
- The market is expected to grow at a CAGR of 10.9% 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, Canada is expected to register the highest CAGR from 2020 to 2027.
North America data book summary
| Market revenue in 2019 | USD 52.9 million |
| Market revenue in 2027 | USD 121.3 million |
| Growth rate | 10.9% (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, North America region accounted for 27.2% 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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North America 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 49.72% in 2019. Horizon Databook has segmented the North America vegan sauces, dressings & spreads market based on spreads, dressings, sauces covering the revenue growth of each sub-segment from 2016 to 2027.
The U.S. accounted for the largest share of 70.2% of the North American market in 2019. Increasing lactose intolerance among consumers is a major factor driving the demand for vegan sauces, dressings & spreads.
Moreover, the growing preference for cruelty-free food products due to growing concerns for animal welfare and the environment is also anticipated to boost the demand for vegan sauces, dressings & spreads in the coming years.
Sauces emerged as the largest segment in 2019 with a market share of 49.7%. Sauces are widely consumed with pasta and curries. They enhance the flavor, color, and texture of various dishes. The growing consumer demand for vegan pasta, driven by the rising awareness of the health benefits of these products such as lower risk of heart disease, stroke, cancer, and premature death is anticipated to boost the demand for vegan sauces.
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Target buyers of North America 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 North America vegan sauces, dressings & spreads market , including forecasts for subscribers. This continent databook contains high-level insights into North America vegan sauces, dressings & spreads market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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North America vegan sauces, dressings & spreads market size, by country, 2016-2027 (US$M)
North America Vegan Sauces, Dressings & Spreads Market Outlook Share, 2019 & 2027 (US$M)
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