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Historical Year
Forecast Year
The global mayonnaise market reached a value of about USD 12.39 billion in 2023. The market is further expected to grow at a CAGR of nearly 4.1% between 2024 and 2032 to reach a value of around USD 17.78 billion by 2032.
Global Mayonnaise Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 12.39 |
Market Size 2032 | USD Billion | 17.78 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 4.1% |
CAGR 2024-2032 - Market by Region | North America | 4.6% |
CAGR 2024-2032 - Market by Country | Canada | 5.3% |
CAGR 2024-2032 - Market by Country | UK | 5.2% |
CAGR 2024-2032 - Market by End Use | Retail | 4.7% |
CAGR 2024-2032 - Market by Distribution Channel | Online Retailers | 8.4% |
Market Share by Country 2023 | Canada | 4.3% |
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North America is the leader in the global mayonnaise market because of the immense prevalence of fast food products and snacks, particularly in the United States and Canada. In the end-user sector, the institutional sector holds nearly three-fourths of the industry share. Supermarkets and hypermarkets are the major segments of the distribution channel as they provide customers with convenience by providing a wide variety of goods and brands.
Mayonnaise refers to a thick, creamy sauce made from egg yolks, butter, vinegar or lemon juice, and different seasonings. It is a popular condiment that is used in sandwiches or burgers, snacks, and even tacos or rolls. It is also used as a basis for the preparation of other sauces, including tartar sauce and thousand-island salad dressing. Mayonnaise also provides a range of commonly ingested advantages, including a decrease in cholesterol, food intake, and heart health enhancement.
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Based on type, the mayonnaise market can be divided into the following:
CAGR 2024-2032 - Market by | End Use |
Retail | 4.7% |
Institutional | XX% |
It finds its end-uses in the following industries:
CAGR 2024-2032 - Market by | Distribution Channel |
Online Retailers | 8.4% |
Supermarkets and Hypermarkets | 4.3% |
Convenience Stores | XX% |
Specialty Stores | XX% |
Others | XX% |
The distribution channel can be segmented as follows:
CAGR 2024-2032 - Market by | Region |
North America | 4.6% |
Europe | 4.4% |
Asia Pacific | XX% |
Latin America | XX% |
Middle East and Africa | XX% |
The regional mayonnaise markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The global mayonnaise market is being led by various market trends. As lifestyles and dietary preferences shift drastically, consumers are now demanding inexpensive and convenient fast food that needs minimal cooking. Because of the change in eating habits, the versatility, along with the taste of mayonnaise, the product has various uses in pizza, sandwiches, burgers, snack dips, rolls, and tacos. It also improves the flavour of raw vegetables and is, thus, used as a dressing in salads. A major transition to vegan diets and increased public health awareness have led manufacturers to manufacture egg-free, vegan, low-fat, and organic mayonnaise varieties. They have also added many flavours to suit the diversified tastes and desires of a broad customer base. These factors have aided the growth of the global mayonnaise market. Other factors that are making a major contribution to the market growth include an increasing urbanisation, awareness of world cuisines, and the expansion of online retail outlets to enable a smooth global product delivery. The introduction of a variety of mayonnaise under various brands is further leading to the mayonnaise market growth.
2023 Market Share by | Country |
Canada | 4.3% |
USA | XX% |
UK | XX% |
The report gives a detailed analysis of the following key players in the global mayonnaise market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the mayonnaise market based on the Porter's five forces model along with giving a SWOT analysis.
CAGR 2024-2032 - Market by | Country |
Canada | 5.3% |
UK | 5.2% |
USA | 4.6% |
Germany | 4.2% |
France | 4.0% |
Italy | 3.6% |
China | XX% |
Japan | XX% |
India | XX% |
Australia | XX% |
Saudi Arabia | XX% |
Brazil | XX% |
Mexico | XX% |
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by End Use |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global mayonnaise market attained a value of nearly USD 12.39 billion.
The market is projected to grow at a CAGR of 4.10% between 2024 and 2032.
The market is estimated to grow in the forecast period of 2024-2032 to reach about USD 17.78 billion by 2032.
The major drivers of the market are rising disposable incomes, increasing consumption of fast food and packaged food products, availability of mayonnaise in different flavours, and the expansion of food chains.
The key trends guiding the growth of the market include the launch of vegan and low-fat organic mayonnaise variants and the robust growth of the e-commerce sector.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Unflavoured and flavoured mayonnaise are the major mayonnaise types in the market.
Institutional and retail are the different end uses of mayonnaise.
The various distribution channels are supermarkets and hypermarkets, convenience stores, online retailers, and speciality stores, among others.
The major players in the global mayonnaise market are Nestlé S.A., The Kraft Heinz Company, Unilever Food Solutions, and McCormick & Company, Inc., among others.
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