The market report records the total sales of vegan salad dressing in the United States to be around US$ 37.7 Mn in 2022. This amount is about 26.2% of the total revenue generated by the market globally.
In the present year 2023, the total value of the global vegan salad dressing market is around US$ 154.9 Mn. According to the study report published by FMI, a CAGR of 7.5% is forecast to be registered by the market from 2023 to 2033. By the year 2033, the vegan salad dressing market’s entire value is anticipated to have reached US$ 296.3 Mn.
In the global vegan salad dressing market, the popularity of meat alternative salad dressings is anticipated to rise at a higher rate. Consumers are more strongly impacted by its nutritional and health advantages than by their changing food preferences and eating habits.
Customers here are now searching for more creative, nutritious foods to eat on a regular basis. Such progressions have generated a lucrative opportunity for all types of food, beverages, and food ingredient, including vegan salad dressing manufacturers. Other drivers like environmental protection, animal rights, and so forth, are secondary factors that have also strengthened the vegan salad dressing market to some degree.
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Key Takeaways from the Vegan Salad Dressing Market Study Report
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Competitive Landscape for the Vegan Salad Dressing Market
Cleveland Kitchen, Brick House, Garlic Expressions, Virginia, Happy Belly, Primal Kitchen, Annie’s Homegrown, Yo Mama’s Foods, Unilever Plc, Mizkan Holdings, The Kraft Heinz Company, Veeba Food Services, and Kewpie Corp. among others are some of the major players in the global vegan salad dressing market.
Given the presence of several local and foreign companies, the global market for vegan salad dressing is a highly competitive one. The most popular technique used by the top vegan salad dressing companies is brand marketing and spreading awareness about plant-based alternatives. mergers and acquisitions also allow the regional vegan salad dressing to penetrate new markets and expand quickly. Product innovation is another important approach adopted by many key players to improve their brand value.
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Apr 20, 2023