Mayonnaise Market Report Type, Dynamics, and Industry Analysis by 2030
Market
Overview
Mayonnaise is a thick and creamy
sauce available in the market and is prepared using egg yolks, oil, vinegar or
lemon juice, and various seasonings. It is an emulsion produced by slowly
adding one ingredient to another and simultaneously stirring the mixture.
Nowadays, mayonnaise has emerged as a popular condiment used as a spread for
sandwiches or burgers, dips for snacks, and base for tacos or rolls. It is also
utilized as a base for making other sauces, such as tartar sauce and
thousand-island salad dressing. Mayonnaise also offers several health benefits
when consumed in moderation, such as lowering cholesterol levels, nutrient
absorption, and improving heart health.
With a significant change in
lifestyles and eating habits, consumers now prefer affordable, convenient, and
quick meals which require minimal cooking. Owing to this shift in eating habits
and the versatility and taste of mayonnaise, it is used as a spread for bread,
sandwiches, burgers, a dip for snacks, and a base for rolls and tacos. It also
enhances the taste of raw vegetables used in salads as a dressing.
The industry statistics suggest that
the global mayonnaise market overview reached USD 11.8 billion during the period that had
ended in 2019. Looking forward to the rising trends, the global market experts
expect the market to reach USD 15.5 billion by 2030, exhibiting a CAGR of 4.56%
from 2022 to 2030.
Market
Segmentation
The mayonnaise market segmentation
is mentioned as follows that has a major role to play in the expansion of the
global market share during the period ending in 2030:
By Type:
- Unflavored mayonnaise
- Flavored mayonnaise
By End Use:
- Institutional
- Retail
Based on the end-use, the
institutional segment currently dominates the market. It can be accredited to
the emergence of fast-food joints, which have increased the global demand for
mayonnaise.
By Distribution Channel:
- Supermarkets and hypermarkets
- Convenience stores
- Online retailers
- Specialty store
- Others
Supermarkets and hypermarkets
represent the largest distribution channel as they provide consumers easier
access to a wide range of product variants, including classic, garlic, diet,
and green mint mayonnaise.
Regional
Analysis
The North American region that
consists of regions like the US, and Canada, holds the leading position in the
market on account of the extreme popularity of fast-food and snacking items,
specifically in the United States and Canada, where consumers dine out every
day.
The global market is concentrated in
nature, and hence, has a lot of opportunities to grow, with only a few players
sharing the majority of the global market. Some of the leading players
operating in the mayonnaise market report are:
- Nestlé SA
- Ajinomoto Co., Inc.
- McCormick & Company, Inc.
- Kraft Heinz Company
- Unilever PLC
Industry
News
The Indian market for mayonnaise is growing
due to shifting food preferences in recent years. As a result, innovations in
the products are a major factor positively influencing the market's growth. The
growing trends surrounding vegetarianism and veganism in India have led to the
introduction of egg-less, vegan, and organic mayonnaise, providing impetus to
the market.
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