Mayonnaise Industry 2022, Market Share, Size, Price Trends and Forecast to 2027The global mayonnaise market is being driven by changing dietary practices, including the rising adoption of vegan diets and the increasing demand for easy-to-cook meals.The global mayonnaise market size reached US$ 11.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 15.1 Billion by 2027, exhibiting at a CAGR of 4.13% during 2022-2027.
Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027
Mayonnaise is a thick, white condiment prepared by combining oil, egg yolks, lemon juice or vinegar, and other flavoring agents. Amongst these, egg yolks play a vital role in the formulation of mayonnaise as they are natural emulsifiers. Mayonnaise is formulated by slowly combining these ingredients and then whisking them at a rapid pace. It is most commonly consumed as a spread in sandwiches, tacos, and burgers. Apart from this, it is employed as a base for making various sauces, including tartar sauce and thousand-island salad dressing. Moderate consumption of mayonnaise offers various health benefits, such as lowered cholesterol levels and improved heart health.
Covid-19 Scenario:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Request to get free sample report: https://www.imarcgroup.com/prefeasibility-report-mayonnaise-manufacturing-plant/requestsample
Competitive Landscape
The competitive landscape of the market has also been examined, with some of the key players being Nestle SA, Ajinomoto Co, Inc., McCormick & Company, Kraft Heinz Company and Unilever PLC/N.V.
Mayonnaise Market Trends and Drivers:
The growth of the global mayonnaise market can be attributed to a significant change in dietary habits and evolving lifestyles of consumers. On account of this shift in dietary practices, there has been an escalation in demand for convenient, cost-effective, and quick meals, which is driving the market growth. Moreover, the growing adoption of vegan diets among health-conscious consumers has led to the introduction of egg-less, low-fat, and organic variants of mayonnaise across the globe. The introduction of new and exotic flavors in dips and spreads is also catalyzing the market growth further. Other factors, such as an increasing western influence in the developing economies and the growing popularity of international cuisines, are creating a positive outlook for the market.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/prefeasibility-report-mayonnaise-manufacturing-plant
Market Summary:
On the basis of the type, the market has been segmented into unflavored and flavored. Currently, unflavored mayonnaise accounts for the majority of the market share.
Based on the end use, the market has been bifurcated into institutional and retail. At present, the institutional segment dominates the market.
On the basis of the distribution channel, the majority of mayonnaise is distributed through supermarkets and hypermarkets. Other distribution channels include convenience stores, online retailers and specialty stores.
Region-wise, North America (the United States and Canada) exhibits a clear dominance in the market. Other major regions include Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia and others), Europe (Germany, France, the United Kingdom, Italy, Russia, Spain and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
Market Size Value in 2021: | US$ 11.8 Billion |
Growth Rate: | CAGR of 4.13% from 2022 to 2027 |
Market Outlook: | 2022-2027 |
Browse related reports:
Corn Starch Market: https://www.imarcgroup.com/corn-starch-manufacturing-plant
Parboiled and White Rice Market: https://www.imarcgroup.com/parboiled-white-rice-manufacturing-plant
Prawn Market: https://www.imarcgroup.com/prefeasibility-report-prawn-processing-plant
Tomato Ketchup Market: https://www.imarcgroup.com/prefeasibility-report-on-a-tomato-ketchup-manufacturing-plant
Lentil Market: https://www.imarcgroup.com/prefeasibility-report-lentil-processing-plant
Protein Ingredients Market: https://www.imarcgroup.com/protein-ingredients-market
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: Send Email
Phone: +1-631-791-1145
Address:30 N Gould St Ste R
City: Sheridan
State: WY
Country: United States
Website: https://www.imarcgroup.com
