Mayonnaise Market_pdf

Mayonnaise Market to Experience an
Impressive CAGR 4.6% during 2017 to
2023
Market Overview:
Mayonnaise is usually made from oil, egg yolks, vinegar, and seasonings. However, from the
last few years, mayonnaise is made from eggless ingredients since it is preferred by vegan and
allergic to egg population. Egg-free mayonnaise contains soy or pea protein instead of lecithin in
egg yolk. Rising demand for mayonnaise due to fast food and ready to eat foods is driving the
growth of the mayonnaise from last few years across the globe. Application of mayonnaise for
salad dressing and processed food is increasing at a significant rate, especially, in developed
countries.
It is used as an emulsifier in the food industry. It is a thick and creamy dressing used as a
condiment on various cuisines. The global mayonnaise market is mainly driven by rising
demand for convenience foods and increasing application of mayonnaise for salad dressing.
Introduction of various mayonnaise products made from different ingredients is gaining attention
of consumers.
Egg-free alternatives are also available for vegans and those allergic to eggs, which has
increased the consumption of mayonnaise in the global market. Improving distribution network
of mayonnaise manufacturers is influencing the sales of mayonnaise across the globe.
However, intense competition among the key players may hamper the new entrants in the
market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of
4.6% of mayonnaise market during the forecast period 2017-2023.
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Major Key Players:
The major players in the Mayonnaise Market
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ADM Antwerp (Belgium)
Solo Foods (South Africa)
Delicacy Foods (Cyprus)
Unilever (U.K.)
Marina Foods, Inc. (U.S.)
Paradise Food Ltd (U.K.)
AR Brands (South Africa)
Downstream Analysis:
Mayonnaise market is segmented on the basis of raw material such as egg, eggless, and
others. However, mayonnaise made from eggs is dominating the market whereas, mayonnaise
made from the eggless raw material is likely to witness a substantial growth over the forecast
period.
On the basis of specialty food type, the mayonnaise market is segmented into gluten-free,
kosher, organic, vegan, GMO-free, and others. Growing inclination of consumers towards plantbased
products is boosting the demand for organic mayonnaise segment. Moreover, increasing
vegan population is expected to drive the growth of the market over the review period.
Based on the packaging, mayonnaise market is segmented into bottles, sachets, jar, and
others. Among all, bottles packaging is dominating the market whereas sachets are expected to
grow at a higher rate in the coming years.
On the basis of the distribution channel, mayonnaise market is segmented into store-based and
non-store based. Store-based distribution channel is dominating the market in which
hypermarket and supermarket hold the major share.
Regional Analysis:
Global Mayonnaise Market is segmented into North America, Europe, Asia Pacific and rest of
the world (RoW). Europe held the major market share followed by North America owing to
increasing application of mayonnaise for salad dressing and for ready to eat foods. The
inclination of consumers towards fast foods have helped mayonnaise gain popularity in North
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America. Changing lifestyle and consumption pattern in developing countries like India and
China are boosting the mayonnaise market at a substantial rate in Asia Pacific. Moreover,
increasing use of mayonnaise in different cuisines is growing the mayonnaise market in rest of
the world.
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Market Segmentation:
Mayonnaise market is segmented on the basis of raw material, specialty food type, packaging,
distribution channel, and region.
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