The global mayonnaise market was worth around US$ 10.3 Billion in 2018. The market is further projected to reach US$ 13.2 Billion by 2024, growing at a CAGR of 4.1% during the year 2019-2024. Mayonnaise refers to a thick and creamy sauce which is conventionally prepared using egg yolks, oil, vinegar or lemon juice, and seasonings. It is an emulsion which is produced by slowly adding one ingredient to another, simultaneously stirring the mixture. Nowadays, mayonnaise is considered as a popular condiment which is used as a spread for sandwiches or burgers, dips for snacks, and base for tacos or rolls. Apart from this, it is used as a base for making other sauces, like tartar sauce and thousand-island salad dressing. Mayonnaise also offers several health-benefits which include lowering of cholesterol levels, assisting in nutrient absorption, and improving the heart health, if consumed in moderation.
Global Mayonnaise Market Drivers/Constraints:
Breakup by Product Type:
On the basis of type, the market is segregated as unflavoured mayonnaise and flavoured mayonnaise. Currently, unflavoured mayonnaise accounts for the majority of the market share as it is excessively used in the preparation of dishes like salads, pasta, dips, etc. It is also regarded as a good source of proteins, calories, fats, vitamins and carbohydrates.
Breakup by End-Use:
Based on end-use, the report finds that institutional currently represent the largest end-use segment of mayonnaise, which is followed by retail.
Breakup by Distribution Channel:
On the basis of distribution channel, supermarkets and hypermarkets represent the biggest segment on account of convenience and rising trend of supermarket shopping culture. Supermarkets and hypermarkets are followed by convenience stores, online retailers, specialty stores and others.
On a geographical front, North America enjoys a leading position in the global mayonnaise market on account of extreme popularity of fast-food and snacking items, specifically in the United States and Canada, where consumers dine-out on an everyday basis. North America is followed by Europe, Asia Pacific, Middle East and Africa, and Latin America.
The market is concentrated in nature with the presence of only few manufacturers who are competing in terms of prices and quality. Nonetheless, in the emerging regions like India and China, there exists various unorganised manufacturers of mayonnaise. There prevails a rigid competition in the market which makes it difficult for small players to enter. Some of the major players functioning in the market include:
This report provides a deep insight into the global mayonnaise market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the mayonnaise market in any manner.
Key Questions Answered in This Report:
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