Global Mayonnaise Market - WishTree Insight

Mayonnaise Market by Type (Flavored, Unflavored, High Calorie, Low Calorie), Distribution Channel (Supermarkets, E-Retailers, Modern Trade, and Others), End-User (Consumers, Traders, Retail), and Regions, The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2021 – 2031

The global mayonnaise market size was valued at USD 10.8 billion in 2021 and is expected to surpass USD 18.2 billion by 2031, expanding at a CAGR of 4. 15% during the forecast period, 2021–2031. The market's growth is attributed to growing urbanization, changing lifestyles, increasing disposable income, and expanding purchasing power.

INTRODUCTION

Mayonnaise is a thick creamy sauce prepared using egg yolks, vinegar, oil, lemon juice, and other seasonings. It is an emulsion produced by adding one ingredient to another and stirring the mixture. It is used in sandwiches, rolls, and burgers, as a base for tacos, or as a dip for snacks. It is also used as a base for making other sauces or dressing salads. Mayonnaise offers various health benefits. It lowers cholesterol levels, improves heart health, and assists in nutrient absorption.

It enhances the taste of raw vegetables; thus, it is used in salads and also for dressing foods. A significant shift towards a vegan diet and health consciousness among consumers has created the need for egg-less mayonnaise, and low-fat, vegan, and organic mayonnaise types. Along with different variants, there is a variety of flavors in mayonnaises such as mint, garlic, strawberry, tangy pickle, cheese, tandoori, and many more.

Market Trends, Drivers, Restraints, and Opportunities

• Growing westernization and acceptance of world cuisines and the proliferation of online retail stores aiding in smooth product distribution across the globe are attributed to growing the global mayonnaise market.
• Awareness of world cuisines and expansion of online retail outlets to enable a smooth global product delivery are some major factors that are driving the market.

Scope of the Report

Market Segment Insights

The unflavored mayonnaise segment is projected to register a considerable CAGR

Based on type, the mayonnaise market is divided into flavored, unflavored, high-calorie, low calorie. Currently, the unflavored mayonnaise segment is expanding at a rapid pace as it is largely used in the preparation of dishes, dips, salads, rolls, and other food dishes. However, the flavored segment is anticipated to hold a major share of the market in the coming years.

The supermarket segment is expected to expand at a rapid pace

Based on the distribution channels, the mayonnaise market is divided into supermarkets, e-retailers, modern trade, and others. The supermarket segment is expected to expand at a rapid pace during the forecast period as they provide easier access for consumers to a large range of product variants. However, e-retailers and modern trade segments are anticipated to hold a major share of the market in the coming years.

The retail and consumer segments are projected to register a considerable CAGR

On the basis of end-user, the mayonnaise market is segregated into consumers, traders, and retail. The retail and consumer segments are projected to register a considerable CAGR during the forecast period.

The North American region is anticipated to constitute a key market share

In terms of regions, the mayonnaise market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of the North American region is expected to constitute a key share of the market during the projected period. The growth of the region is attributed to the popularity of junk food and snacks where buyers dine out at ordinary premises. The production site, volume, import, export analysis, consumption volume, price trend analysis, downstream-upstream value chain analysis, and cost and availability of raw materials are some of the factors which decide the market growth of the mayonnaise market.

Competitive Landscape

Key players competing in the mayonnaise market are KRAFT Foods (U.S.); Dr. Oetkar (Germany); PANOS Brands, LLC (New Jersey); Ajinomoto Co., Inc (Japan); Reily Foods Company (New Orleans); CERES Organics (India).

FAQs

How much is the market worth?

The global mayonnaise market size was valued at USD 10.8 billion in 2021 and is expected to surpass USD 18.2 billion by 2031.

What segments are covered in the mayonnaise report?

The segments covered in the report are type (flavored, unflavored, high calorie, low calorie), distribution channel (supermarkets, e-retailers, modern trade, and others), end-user (consumers, traders, retail)

Mention which region is expected to hold the highest share of the mayonnaise market.

The North American region is expected to hold the highest share of the mayonnaise market.

Mention the key players in the market.

KRAFT Foods (U.S.); Dr. Oetkar (Germany); PANOS Brands, LLC (New Jersey); Ajinomoto Co., Inc (Japan); Reily Foods Company (New Orleans); CERES Organics (India).