Egg Free Mayonnaise Market Share, Industry Analysis [2031]
Egg Free Mayonnaise Market Share, Industry Analysis [2031]
Segments - Egg Free Mayonnaise Market by Nature (Conventional and Organic), Type (Plain and Flavored), End-user (Household, HoReCa, and Food Processors), Distribution Channel (E-commerce, Supermarket, Health Food Stores, Discount Stores, and Convenience Store), Content (Pea Protein, Soy Protein, and Others), Price (Premium and Economy), and Region (Asia Pacific, North America, Latin America, Europe and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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Report Description
The global egg-free mayonnaise market size was valued at USD 3.80 Billion in 2022 and is likely to reach USD 7.6 Billion by 2031, expanding at a CAGR of 6.2% during, 2023–2031. Growing number of consumers adopting a vegan lifestyle for health reasons and emphasis on reducing the environmental footprint are fueling the market.
Egg-free mayonnaise is made with plant-based ingredients such as mustard, avocado, olive oil, flax seed, sunflower oil, and grape seed. Egg-free mayonnaise is gaining popularity among consumers due to its enhanced taste and health benefits.
Studies have shown that adopting a plant-based diet is good for health and the environment as it significantly reduces waste byproducts, health complications, and carbon emissions. The other benefits of a dietary shift toward plant-based food include a reduction in the risk of cardiovascular diseases, the mortality rate arising out of diet-related diseases, and diabetes.
Researchers from the Centers for Disease Control and Prevention have shown that policymakers in the US are giving emphasis on financing the production of food commodities such as high-fat dairy products or meat and other items that are likely to increase the risk of cardiometabolic complications.
Carbon dioxide is the largest contributor to global warming followed by methane emissions from meat and dairy products. The global consumer shift to a plant-based diet could help in controlling methane emissions substantially. The dietary shift toward plant-based diets rich in vegetables, fruits, pulses, and nuts leads to a significant reduction in greenhouse emissions, while reducing carbon footprints and mitigating climate change.
Egg-free Mayonnaise Market Dynamics
Drivers
Rising popularity of egg-free mayonnaise due to its health benefits and rising consumer inclination toward plant-based products are anticipated to drive the market. Growing acceptability of sustainable diets is beneficial for consumers in terms of nutrition and sanitary quality. Rising adaptability of vegan food in the diet is creating a huge demand for egg-free mayonnaise.
Restraints
Lack of essential vitamins in egg-free mayonnaise that are otherwise present in raw eggs or processed eggs is likely to hinder the market. Egg-free mayonnaise lacks essential nutrients such as vitamin B12, calcium, and vitamin D creating significant disruptions in the sale of egg-free mayonnaise products.
Opportunities
Major food organizations are making strategic investments to offer a comprehensive portfolio of plant-based foods. The flavors and combination of tastes offered by the food processor companies to the consumers are likely to create significant opportunities in the egg-free mayonnaise market.
Scope of Egg-free Mayonnaise Market Report
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Egg-free Mayonnaise Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Nature (Conventional and Organic), Type (Plain and Flavored), End-user (Household, HoReCa, and Food Processors), Distribution Channel (E-commerce, Supermarket, Health Food Stores, Discount Stores, and Convenience Store), Content (Pea Protein, Soy Protein, and Others), and Price (Premium and Economy) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Nestle; Unilever; The J.M. Smucker Company; Del Monte Foods, Inc; Conagra Brands; SPECTRUM ORGANIC PRODUCTS, LLC; Zydus Wellness.com; and Dr. Oetker Limited |
Egg-free Mayonnaise Market Segment Insights
Nature Segment Analysis
Based on nature, the egg-free mayonnaise market is bifurcated into conventional and organic. The organic segment is expected to expand at a significant growth rate during the projection period owing to rising inclination toward organic food and beverages and awareness about consuming vegan food to reduce health complications and carbon footprint. Organic mayonnaise helps reduce cholesterol levels and by extension cardiovascular diseases.
End-user Segment Analysis
On the basis of end-user, the global market is segregated into household, HoReCa, and food processors. The HoReCa segment is projected to register a considerable CAGR during the forecast period due to the rising demand for egg-free mayonnaise in restaurants, hotels, and retreat centers. Health-conscious customers demand egg-free mayonnaise and players in the hospitality industry want to capitalize on the opportunity by providing them with vegan food, thus fueling the market.
Distribution Channel Segment Analysis
In terms of distribution channel, the egg-free mayonnaise market is classified as e-commerce, supermarket, health food stores, discount stores, and convenience store. The hypermarket segment is expected to register a robust growth rate during the forecast period owing to the convenience of availing various types of egg-free mayonnaise over the counter. The hypermarkets provide multiple types of flavors and combinations under one roof and provide tasting options.
Content Segment Analysis
Based on content, the market is classified as pea protein, soy protein, and others. The soy protein segment is estimated to expand at a robust pace during the forecast period owing to rising preference by the health-conscious population for soy protein. Athletes, bodybuilders, and health-conscious people prefer soy protein, as it has high protein content and is easily digestible.
Price Segment Analysis
On the basis of price, the egg-free mayonnaise market is bifurcated into premium and economy. The economy segment is expected to expand at a significant growth rate during the projection period owing to the affordability of egg-free mayonnaise. Food processing companies offer various types of egg-free mayonnaise to consumers to gain a competitive advantage in the market.
Regional Analysis
In terms of region, the global egg-free mayonnaise market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period owing to the growing concerns in the US about environmental sustainability, animal welfare, and health complications arising out of the consumption of processed foods.
Rising prevalence of chronic diseases arising out of the consumption of processed foods and high costs involved in the subsequent treatments have changed the consumer preference in the region.
The market in Europe is projected to grow at a rapid pace, due to the high use of mayonnaise in food culture in Europe and the rising demand for plant-based foods. Europe houses a majority of the vegan population. Rise in veganism is attributed to the traditionally-rooted concerns in the community in the region about animal welfare and environmental sustainability.
Segments
The egg-free mayonnaise market has been segmented on the basis of
Nature
- Conventional
- Organic
Type
- Plain
- Flavored
End-user
- Household
- HoReCa
- Food Processors
Distribution Channel
- E-commerce, Supermarket
- Health Food Stores
- Discount Stores
- Convenience Store
Price
- Premium
- Economy
Content
- Pea Protein
- Soy Protein
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Nestle
- Unilever
- Del Monte Foods, Inc
- The J.M. Smucker Company
- Conagra Brands
- SPECTRUM ORGANIC PRODUCTS, LLC
- Zydus Wellness.com
- Dr. Oetker Limited
Competitive Landscape
Key players in the global egg-free mayonnaise market are Nestle; Unilever; The J.M. Smucker Company; Del Monte Foods, Inc; Conagra Brands; SPECTRUM ORGANIC PRODUCTS, LLC; Zydus Wellness.com; and Dr. Oetker Limited.
These companies are using strategies such as acquisitions, partnerships, mergers, collaboration, product launches, and production expansion to increase their consumer base worldwide. For instance,
- In February 2022, Del Monte announced that it has taken initiatives to reduce food waste by promoting plant-based foods to consumers. Del Monte has diverted over 25 million pounds of food from landfills in the last two years though upcycling.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Egg-free Mayonnaise Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Egg-free Mayonnaise Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Egg-free Mayonnaise Market - Supply Chain
4.5. Global Egg-free Mayonnaise Market Forecast
4.5.1. Egg-free Mayonnaise Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Egg-free Mayonnaise Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Egg-free Mayonnaise Market Absolute $ Opportunity
5. Global Egg-free Mayonnaise Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Egg-free Mayonnaise Market Size and Volume Forecast by Types
5.3.1. Plain
5.3.2. Flavored
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Egg-free Mayonnaise Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Egg-free Mayonnaise Market Size and Volume Forecast by End Users
6.3.1. Household
6.3.2. HoReCa
6.3.3. Food Processors
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Egg-free Mayonnaise Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Egg-free Mayonnaise Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Egg-free Mayonnaise Demand Share Forecast, 2019-2026
8. North America Egg-free Mayonnaise Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Egg-free Mayonnaise Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Egg-free Mayonnaise Market Size and Volume Forecast by Types
8.4.1. Plain
8.4.2. Flavored
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Egg-free Mayonnaise Market Size and Volume Forecast by End Users
8.7.1. Household
8.7.2. HoReCa
8.7.3. Food Processors
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Egg-free Mayonnaise Demand Share Forecast, 2019-2026
9. Latin America Egg-free Mayonnaise Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Egg-free Mayonnaise Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Egg-free Mayonnaise Market Size and Volume Forecast by Types
9.4.1. Plain
9.4.2. Flavored
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Egg-free Mayonnaise Market Size and Volume Forecast by End Users
9.7.1. Household
9.7.2. HoReCa
9.7.3. Food Processors
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Egg-free Mayonnaise Demand Share Forecast, 2019-2026
10. Europe Egg-free Mayonnaise Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Egg-free Mayonnaise Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Egg-free Mayonnaise Market Size and Volume Forecast by Types
10.4.1. Plain
10.4.2. Flavored
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Egg-free Mayonnaise Market Size and Volume Forecast by End Users
10.7.1. Household
10.7.2. HoReCa
10.7.3. Food Processors
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Egg-free Mayonnaise Demand Share Forecast, 2019-2026
11. Asia Pacific Egg-free Mayonnaise Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Egg-free Mayonnaise Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Egg-free Mayonnaise Market Size and Volume Forecast by Types
11.4.1. Plain
11.4.2. Flavored
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Egg-free Mayonnaise Market Size and Volume Forecast by End Users
11.7.1. Household
11.7.2. HoReCa
11.7.3. Food Processors
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Egg-free Mayonnaise Demand Share Forecast, 2019-2026
12. Middle East & Africa Egg-free Mayonnaise Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Egg-free Mayonnaise Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Egg-free Mayonnaise Market Size and Volume Forecast by Types
12.4.1. Plain
12.4.2. Flavored
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Egg-free Mayonnaise Market Size and Volume Forecast by End Users
12.7.1. Household
12.7.2. HoReCa
12.7.3. Food Processors
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Egg-free Mayonnaise Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Egg-free Mayonnaise Market: Market Share Analysis
13.2. Egg-free Mayonnaise Distributors and Customers
13.3. Egg-free Mayonnaise Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Nestle
13.4.2. Unilever
13.4.3. The J.M. Smucker Company
13.4.4. Del Monte Foods, Inc
13.4.5. Conagra Brands
13.4.6. SPECTRUM ORGANIC PRODUCTS, LLC
13.4.7. Zydus Wellness.com
13.4.8. Dr. Oetker Limited
Methodology
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