Veganism - Accelerating Innovative NPD in the Egg-free Mayo Category
The food and beverages industry has been recently revolving around a thriving trend of ‘health and wellness’, which remains an impactful factor triggering innovative product developments in several F&B categories. As an expanding consumer pool is embracing a vegan dietary lifestyle either for animal welfare or environmental sustainability, or simply for a health reason, the egg-free mayonnaise market is witnessing an increasing number of innovations for potential application in a variety of popular products.
Egg-free Mayonnaise Market - Key Research Findings
-
The global egg-free mayonnaise market size in 2019 – nearly US$ 3,624.0 Mn.
-
The egg-free mayonnaise market will observe just-under 6.20% CAGR over 2019-2028.
-
Veganism is fuelling the global demand for egg-free mayonnaise. Vegan Life Magazine and the Vegan Society of almost a million people across Europe stated that,
- In England, 542,000 individuals are becoming vegan and consuming a vegan and egg free diet. The number has increased by 300% from the previous year. 42% of individuals are from the age group of 15 to 35.
4. North America and Europe are expected to gain noteworthy market share in the future.
-
In North America and Europe, the adoption of veganism is growing rapidly. Multiple new companies are entering the market and offering unique flavours of egg-free mayonnaise.
-
Intense competition is going on in the egg-free mayonnaise market. Due to veganism, the sale of and demand for vegan and egg-free mayonnaise is growing.
5. Asia Pacific holds high growth potential for the egg-free mayonnaise market.
-
The increasing awareness about healthy lifestyle and nutritional food is increasing in Asia-Pacific. Individuals are concentrating on exercising and trying to avoid oily food in order to prevent cholesterol problems, diabetes, blood pressure, etc.
-
Consumers are preferring fat free, gluten free and egg free products. The improvements in financial conditions in developing countries, especially in Asia Pacific help boost the egg-free mayonnaise market.
6. Olive oil is widely used in vegan & egg-free mayonnaise.
- Olive oil is a healthier option as it is light, contains very less calories, helps to prevent chances of cancer and heart attack, and also helps maintain cholesterol levels. It is beneficial for weight loss and is available in different sizes like 100 gm and 250 gm, so consumers can buy as per their requirement.
Top 3 Factors Shaping the Egg-free Mayonnaise Market
-
Change in Taste Preferences of Consumers Accelerating Overall Market Growth
Globalization has interconnected the world and changed the taste patterns of consumers, making them more willing to try something different. The demand for spicy food has increased, along with a shift towards natural and organic food flavors. The mayonnaise market is on an upward trend, as different flavors of mayonnaise are used with nachos and sandwiches. Modern consumers expect mayonnaise, sauces, and condiments that are healthier and tastier as compared to previously available conventional products. The improving economic conditions in developing regions of Asia Pacific, Africa, and Oceania are driving the growth of the egg-free mayonnaise market.
-
Governments of Numerous Countries Promoting Foreign Investments
The governments of various countries are funding new, emerging players in the industry, and are also allowing foreign companies to invest heavily. This factor is expected to provide lucrative opportunities in the egg-free mayonnaise market and help it expand. As new players are emerging, healthy competition can be witnessed, which is expected to drive significant growth of the egg-free mayonnaise market.
-
Organic and Natural Becoming the New Cliché
As consumers continue to avoid artificial products and choose organic and natural options, egg-free mayonnaise makers have developed more products that meet organic and gluten-free requirements. Due to artificial ingredients, consumers can get allergies or side effects that can harm their health. As such, they prefer all-natural and organic products without any artificial preservatives and colors.
Egg-free Mayonnaise Market Structure Analysis
-
The global egg-free mayonnaise market represents a consolidated competition landscape wherein Tier 1 companies hold a significant revenue share.
-
Consumer-friendly Labelling Attracting Consumers: If labelling is simple and in required words, consumers can read and easily understand the same, and they can choose the required egg-free mayonnaise product immediately.
-
Post-recession Recovery in the United States May Boost Market Growth: Due to the stiff economic conditions prevailing at the time of the recession, consumers became cost-conscious and started to prefer eating at home in order to cut down on their expenses. As the markets have started to recover over the past few years, the markets for premium products such as egg-free mayonnaise are also growing.
-
Lack of Important Vitamins and Minerals in Egg-free Mayonnaise: Eggs are the primary source of vitamin B12 in the diet. Vegan and egg-free diets lack vitamin B12, which is an essential nutrient required by the human body. Vegan and egg-free diets may lead to a deficiency in calcium and vitamin D. This can be a restraint to the egg-free mayonnaise market.
Egg-Free Mayonnaise Market Set to Grow Nearly 2X between 2019 and 2028
A large number of players are participating in food industry which is creating intense competition. Moreover, the consumers are more aware about their health and starting consuming organic and natural products. The increasing awareness and improving economic condition helping to grow demand for egg-free mayonnaise.
Egg-Free Mayonnaise Grabs Opportunities in F&B Processing
Increase in number of consumers who prefer organic mayonnaise which is gluten-free, fat-free and sugar-free. But in organic mayonnaise less number of flavors are available as compared to conventional mayonnaise. Companies are concentrating on producing innovative and unique flavors which will be beneficial to increase the demand of organic egg-free mayonnaise.
The Broader Outlook
While conventional mayonnaise has been selling high, a strong boom of ‘natural and organic’ is being perceived as a booster to mayonnaise of an organic origin. The study estimates climbing sales of egg-free mayonnaise in the near future, driven prominently by growing availability across the retail sector. E-commerce growth will also play a vital role in the sales buildup of egg-free mayonnaise. In terms of end users, an increasing number of vegetarian and vegan restaurants is highly likely to push consumption of egg-free mayonnaise, worldwide.
Conventional mayonnaise sales sustained owing to widespread availability in diverse flavors
Organic mayonnaise sales likely to ramp up with improving availability of egg-free mayonnaise at modern trade stores and online
HoReCa sector continues to account for a healthy-growing leading share in terms of consumption
Food processors also account for a sizeable consumption share
How Growth will Unfold
For both, small- and large-scale manufacturers, the supply of raw material for egg-free mayonnaise is abundant, with processing capacities are limited. Upgrading technology and scaling up production is the key to boost volume growth of the egg-free mayonnaise market. Moreover, logistics services are also poor, and the procurement and egg-free mayonnaise is restricted to the areas with agricultural proximity. The maximum production of egg-free mayonnaise as well as organic, vegan mayonnaise is registered by the North-American and European markets. Stronger transportation and supply chain strategies will enable on-site expansion for some players in the egg-free mayonnaise market.
North America | Oceania
* This data is only a representation. Actual data may vary and will be available in report.
Click Here To Know How The Growth Will UnfoldCustom Market Research Services
FMI offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.
Overview
Egg-Free Mayonnaise Market: Global Industry Analysis 2013-2018 & Opportunity Assessment 2019-2028
A recent market study published by FMI “Egg-Free Mayonnaise Market: Global Industry Analysis 2013-2018 & Forecast 2019-2028” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the Egg-Free Mayonnaise market, the growth prospects of the market are obtained with maximum precision.
Egg Free Mayonnaise Market Taxonomy
The global Egg-Free Mayonnaise market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.
By Nature
- Organic
- Conventional
By End User
- HoReCa
- Food Processors
- Household (Retail)
By Distribution Channel
- Direct
- Indirect
- Hypermarket/ Supermarket
- Food and Drink Specialty Stores
- Convenience Store
- Discount Store
- Online Retail
By Price Range
- Economy
- Premium
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
What's Included
The report commences with the executive summary of the Egg-Free Mayonnaise market, which includes a summary of the key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the Egg-Free Mayonnaise market.
Readers can find the detailed taxonomy and the definition of the Egg-Free Mayonnaise market in this chapter, which will help them understand the basic information about the Egg-Free Mayonnaise market. This section also highlights the inclusions and exclusions, which helps the reader understand the scope of the Egg-Free Mayonnaise market report.
The report provides key market trends that are expected to impact the market growth significantly during the forecast period. Detailed industry trends are provided in this section, along with key market development or product innovations.
This section includes the key inclusions of the report. It includes product adoption & usage analysis, reimbursement scenario, pipeline assessment & opportunity analysis, and manufactures strategies for market expansion.
This section explain the global market value analysis and forecast for the Egg-Free Mayonnaise market between the forecast periods of 2013-2028 is highlights in this section. This chapter includes the detailed analysis of the historical Egg-Free Mayonnaise market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019 – 2020), and an incremental opportunity for the forecast period (2019 – 2028).
This section highlights the average price of three injection Egg-Free Mayonnaise, one injection Egg-Free Mayonnaise, and five injection Egg-Free Mayonnaise in the different region throughout the globe. The pricing benchmark for manufacturer level pricing and distributor level pricing is analysed in this section.
This section explain the global market volume analysis and forecast for the Egg-Free Mayonnaise market between the forecast periods of 2019-2028 is highlights in this section.
This chapter explains the key macro-economic factors that are expected to influence the growth of the Egg-Free Mayonnaise market over the forecast period. Along with macroeconomic factors this section also highlights the opportunity analysis for the Egg-Free Mayonnaise market. This chapter also highlights the key market dynamics of the Egg-Free Mayonnaise market, which include the drivers, restraints and trends. Moreover, readers will understand the key trends followed by the leading manufacturers in the Egg-Free Mayonnaise market.
Based on product type, the Egg-Free Mayonnaise market is segmented into organic and conventional Egg-Free Mayonnaise. In this chapter, readers can find information about the key trends and developments in the Egg-Free Mayonnaise market and market attractiveness analysis based on the product type.
This chapter provides details about the Egg-Free Mayonnaise market on the basis of end user, and has been classified into HoReCa, Food Processors and household (retail). In this chapter, readers can understand the market attractive analysis based on end user.
This chapter provides details about the Egg-Free Mayonnaise market on the basis of end user, and has been classified into direct and indirect. Indirect Channel is further divided into Hypermarket/ Supermarket, Food and Drink Specialty Stores, Convenience Store, Discount Store, Online Retail In this chapter, readers can understand the market attractive analysis based on distribution channel.
This chapter provides details about the Egg-Free Mayonnaise market on the basis of end user, and has been classified into economy and premium. In this chapter, readers can understand the market attractive analysis based on price range.
This chapter explains how the Egg-Free Mayonnaise market will grow across various geographic regions, such as North America, Latin America, Europe, East Asia, South Asia, Oceania, the Middle East & Africa (MEA)
This chapter includes a detailed analysis of the growth of the North America Egg-Free Mayonnaise market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the regional trends, regulations, and market growth based on the end users and countries in North America.
Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America Egg-Free Mayonnaise market. This chapter also includes the growth prospects of the Egg-Free Mayonnaise market in the leading LATAM countries such as Brazil, Mexico and the Rest of Latin America.
Important growth prospects of the Egg-Free Mayonnaise market based on its end users in several countries, such as Germany, the UK, Germany, France, Spain, Italy, Russia, BENELUX and the Rest of Europe, are included in this chapter.
India, Indonesia, Thailand , Malaysia are the leading countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia Egg-Free Mayonnaise market in this chapter. Readers can find detailed information about the growth parameters of the South Asia Egg-Free Mayonnaise market during the period 2019-2028.
This chapter highlights the growth of the Egg-Free Mayonnaise market in the East Asia by focusing on China, Japan and South Korea. This section also helps readers understand the key factors that are responsible for the growth of the Egg-Free Mayonnaise market in East Asia.
In this chapter, Australia and New Zealand are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania Egg-Free Mayonnaise market.
This chapter provides information about how the Egg-Free Mayonnaise market will grow in the major countries in the MEA region, such as GCC Countries, South Africa, Northern Africa and the rest of MEA, during the forecast period 2019 - 2028.
In this chapter, readers can find a detailed information about the tier analysis and market concentration of the key players in the Egg-Free Mayonnaise market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the leading stakeholders in the Egg-Free Mayonnaise market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report Dr. August Oetkar KG, Crosse & Blackwell, Kensington & Sons, LLC, Nestle, Zydus Wellness Limited, Del Monte Foods Inc, Spectrum Organic Products, LLC, Unilever Group, Just Inc , Veeba Food Services Private Limited, Follow Your Heart, Inc, and Remia C.V., Granovita, Nasoya Foods, Inc, Conagra Brands, Inc.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Egg-Free Mayonnaise report.
This chapter helps readers understand the research methodology followed to obtain the various conclusions as well as important qualitative and quantitative information about the Egg-Free Mayonnaise market.
How the research was conducted?
Primary Research
Primary research interview with Key Opinion Leaders and other participants were conducted for data collection and validation of the below information:
- Adoption of Egg-Free Mayonnaise
- Average usage Pattern per customer
- Average Selling Price (US$) and Market Growth
- Key Developments
- Key Trends and Opportunities
- Regional wise Dynamics
- Reimbursement Landscape
- Market Share Information
- Key Brands
- Competition & Key Vendor Strategies
Secondary Research
- Food and Agriculture Organization
- United States Department of Agriculture
- UN Comtrade
- FDA (Food & Drug Administration)
- Eurostats
- European Chemical Agency (ECHA)
- United States Environmental Protection Agency (US EPA)
- Agriculture and Horticulture Development Board
- ITC World Map
- Organization for Economic
- Co-operation and Development
- Common Fund for Commodities
- World Bank
- Annual Report & Form 10k
- Investor Presentations by key players
Primary Interview Splits
To Learn More About our Comprehensive Perspective on Egg Free Mayonnaise Market,
Get in touch
COVID -19 : Impact Analysis
Request the coronavirus impact analysis across industries and markets
Request Covid -19 ImpactOur Clients
CASE STUDIES
See how our work makes an impact.
At FMI, we design strategies that are adaptive, impactful, and implementable.