Global Mayonnaise Market Share, Size, Growth, Trends and Forecast to 2024Posted by Peter Clooney on August 2nd, 2019 The global mayonnaise market has witnessed a steady growth over the past few years. The demand for mayonnaise has experienced a positive thrust owing to hectic lifestyle of the consumers along with the introduction of innovative product variants by the manufacturers. Request for sample copy of this report: https://www.imarcgroup.com/prefeasibility-report-mayonnaise-manufacturing-plant/requestsample Mayonnaise is a thick creamy emulsion of egg yolk, oil, vinegar, lemon juice and seasonings. It is used both as the base for other sauces, such as thousand-island salad dressing and tartar sauce, as well as in the preparation of snacks, such as sandwiches, burgers, salads, dips and cupcakes. Over the years, the growing popularity of salads and fast-food products has resulted in an increased consumption of mayonnaise across the globe. A new research report by IMARC Group, titled “Mayonnaise Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, estimates that the global mayonnaise market was worth US$ 10.3 Billion in 2018. The report further anticipates the market to reach a value of US$ 13.2 Billion by 2024, at a projected CAGR of 4.1% over the forecast period. View Report TOC, Figures and Tables: https://www.imarcgroup.com/prefeasibility-report-mayonnaise-manufacturing-plant Market Drivers/Constraints:
Breakup by Type: 1. Unflavoured Mayonnaise 2. Flavoured Mayonnaise Based on type, the market has been segmented into flavoured and unflavoured mayonnaise. Currently, unflavoured mayonnaise is the most popular product type, accounting for the majority of the market share. Breakup by End Use: 1. Institutional 2. Retail On the basis of end-use, the market has been segregated into institutional and retail sectors. Amongst these, the institutional sector dominates the market, holding around three-fourths of the market share. Breakup by Distribution Channel: 1. Supermarkets and Hypermarkets 2. Convenience Stores 3. Online Retailers 4. Speciality Stores 5. Others On the basis of distribution channel, supermarkets and hypermarkets represent the largest segment as they offer convenience to the consumers by providing a large variety of products and brands in one place. Supermarkets and hypermarkets are followed by convenience stores, online retailers and speciality stores. Breakup by Region: 1. North America 2. Europe 3. Asia Pacific 4. Middle East and Africa 5. Latin America Region-wise, North America accounts for the majority of the total market share on account of the growing popularity of Mexican and Latin American foods coupled with the rising demand for heathier varieties of mayonnaise in the region. North America is followed by Europe and Asia Pacific. Other major regions include the Middle East and Africa, and Latin America. Competitive Landscape: The global mayonnaise market is concentrated in nature with only few players sharing the majority of the market share. Some of the leading players operating in the market are: Nestlé SA About Us IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. Contact Us IMARC Group Like it? Share it! More by this author |