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The global mayonnaise market reached a value of about USD 12.39 Billion in 2024. The market is further expected to grow at a CAGR of nearly 4.10% between 2025 and 2034 to reach a value of around USD 18.52 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
- Mayonnaise plays an integral role in popular Russian dishes such as sandwiches, salads (Oliver salads), and cold appetisers as it is versatile, affordable, and easy-to-store. Reportedly, per-capita consumption of mayonnaise in Russia ranges from 7 to 11 pounds per year. This strong demand is prompting manufacturers to produce a broad of mayonnaise products tailored to local tastes of Russian customers.
- With an increasing number of restaurants and fast food chains offering a variety of burgers, sandwiches, salads, and wraps, the demand for mayonnaise as a primary condiment is surging. The expansion of fast casual dining and quick-service restaurants (QSRs) is boosting the mayonnaise market revenue. Moreover, the foodservice sector is constantly attempting to offer diverse menu options, surging the demand for flavoured mayo varieties.
- The increasing demand for non-dairy alternatives and plant-based diets amid growing ethical and environmental concerns is prompting companies to develop mayonnaise alternatives that are made without animal-derived ingredients. For instance, in March 2023, Kraft Heinz, along with NotCo, launched NotMayo, a plant-based mayonnaise that uses chickpea flour, among other ingredients, to deliver a smooth and creamy texture.
Competitive Landscape
Key mayonnaise market players are introducing low-fat and reduced-calorie mayonnaise to capitalise on the growing health-consciousness. Mayonnaise companies are also launching plant-based and vegan mayo options to cater to the growing flexitarian and vegetarian populations.
Nestlé S.A.
Nestlé S.A., headquartered in Vevey, Switzerland, and founded in 1866, is one of the leading foods and beverages companies. Some of its leading brands include Beggin’, Beneful, Blue Bottle Coffee, Carnation, Chef, Dentalife, and Felix, among others. With 273,000 employees and factories or operations in almost every country, the company achieved sales of CHF 84.3 billion.
The Kraft Heinz Company
The Kraft Heinz Company, established in 2015 and headquartered in Illinois, United States, is one of the largest food and beverage companies in the world. Some of its iconic brands include Oscar Mayer, Kraft, Heinz, Lunchables, Philadelphia, Primal Kitchen, and Classico, among others. In 2023, the company achieved net sales of USD 27 billion.
Unilever Food Solutions
Unilever Food Solutions is a leading manufacturer of seasonings, desserts and baked goods, base sauces and gravies, soups, and ketchups and dressings, among others. With a team of more than 300 global chefs, the company helps businesses develop quality products, create trending recipes, and source sustainable ingredients.
McCormick & Company, Inc.
McCormick & Company, Inc., headquartered in Maryland, United States, and founded in 1889, is one of the leading flavour companies. It is a leading manufacturer, marketer, and distributor of seasoning mixes, spices, condiments, and flavourful products to the food industry. Its flavours and products are used in diverse applications, ranging from snacks, beverages, bakery/confectionery, dairy, and savoury products.
Mayonnaise Market Report Snapshots
*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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Key Questions Answered in the Report
In 2024, 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 2025 and 2034.
The market is estimated to grow in the forecast period of 2025-2034 to reach about USD 18.52 Billion by 2034.
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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