DUBLIN--(BUSINESS WIRE)--The "Mayonnaise Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The global mayonnaise market reached a value of US$ 9.9 Billion in 2017.
Diverse applications of mayonnaise in various culinary traditions are the major growth-inducing factors for the market. Since mayonnaise is extensively used in the food service sector as a spread or dressing in several dishes, an increasing preference for convenience and fast food highly contributes to the market growth.
Moreover, a surge in the working population has led to busy lifestyles and hectic schedules among the consumers. This has created a shift towards convenience food, thereby fueling the demand for mayonnaise. Apart from this, the manufacturers have also introduced egg-free mayonnaise for the vegetarian consumers so as to increase their profitability.
Owing to these factors, the market is anticipated to reach a value of US$ 12.5 Billion by 2023, exhibiting a CAGR of 4% during 2018-2023.
The report has also analysed the competitive landscape of the market with some of the key global players being Nestle, Ajinomoto, McCormick, Kraft Heinz and Unilever.
Scope of the report
- The report has segmented the market on the basis of product type as unflavored mayonnaise and flavored mayonnaise.
- Amongst these, unflavored mayonnaise dominates the market.
- The report has further segregated the market on the basis of end-use into institutional and retail sectors.
- On the basis of distribution channels, supermarkets and hypermarkets represent the biggest segment followed by convenience stores, online retailers and speciality stores.
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Mayonnaise Market
6 Market Breakup by Type
7 Market Breakup by End Use
8 Market Breakup by Distribution Channel
9 Market Breakup by Region
10 Mayonnaise Manufacturing Process
11 Competitive Landscape
- Kraft Heinz
For more information about this report visit https://www.researchandmarkets.com/research/2j69v3/mayonnaise?w=4