U.S. Vegan Sauces, Dressings & Spreads Market Size & Outlook
U.S. vegan sauces, dressings & spreads market, 2016-2027 (US$M)
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U.S. vegan sauces, dressings & spreads market highlights
- The U.S. vegan sauces, dressings & spreads market generated a revenue of USD 37.1 million in 2019 and is expected to reach USD 84.5 million by 2027.
- The U.S. market is expected to grow at a CAGR of 10.8% 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 37.1 million |
| Market revenue in 2027 | USD 84.5 million |
| Growth rate | 10.8% (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, U.S. accounted for 19.1% 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 North America, U.S. vegan sauces, dressings & spreads market is projected to lead the regional market in terms of revenue in 2027.
- Canada is the fastest growing regional market in North America and is projected to reach USD 27.2 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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U.S. 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 50.4% in 2019. Horizon Databook has segmented the U.S. vegan sauces, dressings & spreads market based on spreads, dressings, sauces covering the revenue growth of each sub-segment from 2016 to 2027.
Increasing lactose intolerance and lactose malabsorption among consumers is the major factor driving the market growth. According to the National Institute of Diabetes and Digestive Kidney Diseases (NDDK) 2018, about 36% people suffer from lactose malabsorption in the U.S.
Growing concerns regarding health and sustainability have influenced consumers to switch to plant-based products in the country. Furthermore, the presence of various manufacturers such as Follow Your Heart, Amy’s Kitchen, Inc. and B&G Foods also boosts the market growth.
Dressings are projected to witness the fastest growth during the forecast period owing to evolving consumer tastes. Furthermore, health and obesity issues in the U.S. have led to an increased demand for healthy food products such as salads, which is expected to positively impact the vegan dressings market.
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Target buyers of U.S. 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 U.S. vegan sauces, dressings & spreads market , including forecasts for subscribers. This country databook contains high-level insights into U.S. vegan sauces, dressings & spreads market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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U.S. vegan sauces, dressings & spreads market size, by product, 2016-2027 (US$M)
U.S. Vegan Sauces, Dressings & Spreads Market Outlook Share, 2019 & 2027 (US$M)
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