Mayonnaise Market Outlook

The global mayonnaise market size reached US$ 11.8 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 15.1 Billion by 2027, exhibiting a CAGR of 4.13% during 2022-2027.

COVID-19 Impact Analysis

Keeping in mind the uncertainties of COVID-19, they are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use sectors. These insights are included in the report as a major market contributor

The key factor that is helping the global mayonnaise Market growth is increasing consumption of mayonnaise in different cuisines. Other factors enhancing the market growth include the availability of mayonnaise in small convenient packs, increasing application of mayonnaise in the ready-to-eat food industry, the inclination of consumers towards plant-based products, and rising demand for egg-free spread among vegans. However, market growth can face hurdles due to the intense competition among the key players.

Key Players

The key players in the global Mayonnaise Market Share include ADM Antwerp (Belgium), AR Brands (South Africa), Delicacy Foods (Cyprus), Marina Foods Inc. (USA), Paradise Food Ltd (UK), Solo Foods (South Africa), and Unilever (UK).

Segment Analysis

The global mayonnaise Market can be segmented on the basis of distribution channel, packaging, raw material, specialty food type, and lastly, region. As per the distribution channel, this market has been segmented into store-based distribution and non-store-based distribution. Among these segments, the store-based distribution channel holds a larger market share.

The packaging-based segmentation segments the market into bottles, jars, sachets, and others. Among all segments, bottle packaging is dominating the market share. However, during the forecast period, sachets are expected to grow at a higher rate.

On the basis of raw materials, the market has been segmented into egg, eggless materials, and others. Although egg-based mayonnaise made is dominating the market share right now, the market share of mayonnaise made from eggless raw material is expected to grow at a substantial rate during the forecast period. Regarding specialty food type, the market has been segmented into gluten-free, genetically modified organism (GMO)-free, kosher, organic, vegan, and others.

Regional Outlook

The regional segmentation of the global has segmented the market into regional markets known as Europe,  North America, Asia Pacific, and the rest of the world (RoW). Europe is the greatest regional market, followed by North America. In this region, the market is growing due to the increasing application of mayonnaise for salad dressing and for ready-to-eat foods. The most important country-specific markets in this region are France, Germany, Italy, and the United Kingdom (UK), followed by the remaining countries in Europe.

The growing craze for fast foods is one of the most important factors that has helped mayonnaise gain popularity in North America. In this region, the most important country-specific markets are the United States of America (USA), Canada, and Mexico. In the Asia Pacific region, the market is growing due to changing lifestyles and consumption patterns in developing countries like China and India. Japan (followed by the remaining countries of the Asia Pacific region) is another important country-specific market in this region.

Lastly, the Mayonnaise Market is due to the increasing use of mayonnaise in different cuisines of different countries in the RoW segment. Countries covered in the RoW segment of this report are Argentina, Brazil, South Africa, and others.

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