Spain Vegan Sauces, Dressings & Spreads Market Size & Outlook
Spain vegan sauces, dressings & spreads market, 2016-2027 (US$M)
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Spain vegan sauces, dressings & spreads market highlights
- The Spain vegan sauces, dressings & spreads market generated a revenue of USD 10.5 million in 2019 and is expected to reach USD 23.2 million by 2027.
- The Spain market is expected to grow at a CAGR of 10.4% 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 10.5 million |
| Market revenue in 2027 | USD 23.2 million |
| Growth rate | 10.4% (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, Spain accounted for 5.4% 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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Spain 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 44.76% in 2019. Horizon Databook has segmented the Spain vegan sauces, dressings & spreads market based on spreads, dressings, sauces covering the revenue growth of each sub-segment from 2016 to 2027.
Spain is largely a meat-eating country, an increasing number of people are turning toward vegan diets due to the growing awareness of environmental issues linked to eating meat. According to a study conducted by Ceuta Group, Google users in Spain researched about veganism and its benefits 352% more often in 2019 as compared to five years ago.
Thus, manufacturers are targeting Spain, as it is likely to become the most attractive market for vegan products in the upcoming years.Sauces accounted for the largest share of 44.9% in the Spain vegan sauces, dressings & spreads market in 2019.
The sauces segment was valued at USD 4.7 million in 2019 and is projected to reach USD 10.3 million by 2027. The dressings segment is projected to witness the fastest growth during the forecast period, owing to the growing consumer interest in healthier ethnic cuisines. Moreover, the rising demand for natural herbs and spices with health benefits is set to drive the growth of this segment.
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Target buyers of Spain 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 Spain vegan sauces, dressings & spreads market , including forecasts for subscribers. This country databook contains high-level insights into Spain vegan sauces, dressings & spreads market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Spain vegan sauces, dressings & spreads market size, by product, 2016-2027 (US$M)
Spain Vegan Sauces, Dressings & Spreads Market Outlook Share, 2019 & 2027 (US$M)
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