Egg-Free Mayonnaise Market is Projected to Reach USD 2038 million by 2027, Growing at a 6.2% CAGR till 2027 | Size, Share & Industry Forecast

Egg-Free Mayonnaise Market

The Egg-Free Mayonnaise Market is predicted to reach USD 2038 million by the end of 2027, growing at a CAGR of 6.2% over the forecast period (2020-2027).

The factors driving the growth of Egg-Free Mayonnaise Market includes rise in the number of chronic diseases such as diabetes, obesity and blood pressure related problems and growing demand for plant-based products around the world. According to the report published by Bloomberg, the Global Plant Based Foods Market was estimated around USD 29.4 billion in 2020 and is predicted to reach USD 162 billion by the end of 2030, making up around 7.7% of the global protein market, which will boost the Egg-Free Mayonnaise Market size in the approaching years. Moreover, growing trend of veganism, rise in consumers inclination towards adopting healthy lifestyles, availability of different flavors of mayonnaise products at the online platforms, and increasing popularity of gluten free and egg free products, are some of the additional facts supplementing the market growth. In addition, entrance of new players in the market, rising awareness amongst consumers about the nutritious benefits of mayonnaise, rapid urbanization and increasing population growth rates, are further contributing towards the market growth.

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However, the growth of Egg-Free Mayonnaise Market is hindered due to strict regulations imposed by the Food authorities.

The leading players operating in the Egg-Free Mayonnaise Market includes Unilever Group, Spectrum Organic Products, LLC, Dr. Oetker, Just Inc., Crosse & Blackwell, Zydus Wellness Limited, Veeba Food Services Private Limited, Nasoya Foods, Inc, Conagra Brands, Inc., Nestle and Del Monte Foods Inc., among others.

Based on Nature, the Organic segment is projected to capture the largest market share during the forecast period

As per the Egg-free Mayonnaise Market Analysis, growing consumers preference for organic mayonnaise products over traditional mayonnaise owing to the health benefits of organic mayonnaise, is propelling the segment's growth.

Based on End-User, the HoReCa segment is estimated to expand at a remarkable CAGR over the forecast period

Increasing availability of wide variety of mayonnaise flavors such as tandoori, garlic & herb and mint, growing adoption of vegan diets across the globe, are some of the factors responsible for the segment's growth.

Based on Region, the Asia-Pacific region is anticipated to hold the highest market share during the forecast period

Rising prevalence of health problems such as obesity, diabetes and cholesterol related problems, increasing vegan population, easy availability of plant-based products at the supermarkets and online stores, rapid urbanization and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific.

Key Developments

In 2019, Zydus Wellness Limited launched its egg-free mayonnaise product in India, which is rich in vitamin A, vitamin D and vitamin E.
In 2018, Del Monte Foods Inc. launched new spout packs for its products including eggless mayo and tandoori mayo which provides and affordable option to its target audience.
Market Segmentation

Segmentation by Nature

Organic
Conventional

Segmentation by End-User

HoReCa
Households
Others

Segmentation by Distribution Channel

Online Stores
Hypermarkets
Specialized Stores
Others

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

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This release was published on openPR.