Global Mayonnaise
Market Report
2024
Mayonnaise market is estimated to be worth USD 13.2 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 4.50% from 2023 to 2030
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global mayonnaise market is estimated to be worth USD 13.2 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 4.50% from 2023 to 2030
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Mayonnaise Market Sales Revenue 2023 | $ 13.2 Billion |
Global Mayonnaise Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.5% |
Market Split by Type |
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Market Split by Product |
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Market Split by Packaging |
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Market Split by Distribution Channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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According to Cognitive Market Research, the global mayonnaise market is estimated to be worth USD 13.2 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 4.50% from 2023 to 2030. A thick, creamy sauce known as mayonnaise is produced from egg yolks, butter, vinegar, lemon juice, and other seasonings. It is a common condiment in appetizers, tacos, rolls, and even sandwiches or burgers. Additionally, it serves as the foundation for creating various sauces, such as thousand-island salad dressing and tartar sauce. Mayonnaise also offers a variety of frequently consumed benefits, such as lowering cholesterol, increasing food intake, and improving heart health. The need for quick meals will increase during the anticipated period, accelerating the market's expansion.
Consumers frequently choose convenience and RTE foods, which directly impact eating patterns. In 2020, 276.99 million Americans used mayonnaise or salad dressing with a mayonnaise-like consistency.
The demand for mayonnaise experienced a mixed response as lockdowns and social segregation policies disrupted cafeteria operations and encouraged greater cooking at home. The retail sector saw a rise in mayonnaise sales as individuals switched to home cooking and condiments for flavor improvement. Still, food service sales fell due to restaurant closures and fewer people dining out. Additionally, family-sized products and larger packaging have become more popular with consumers. The mayonnaise market adjusted to new consumption patterns as the pandemic prompted changes in consumer behavior and eating habits, and it is anticipated that it will continue to shift in response to post-pandemic consumer preferences.
The rising demand for mayonnaise has been largely attributed to the increasing popularity of international cuisines like Mexican and Japanese food. Mayonnaise is frequently employed as a flexible, creamy condiment that gives a variety of meals a rich, savory touch in these culinary traditions. Mayonnaise is a crucial ingredient in sushi rolls, okonomiyaki, and takoyaki in Japanese cuisine since it improves the flavor and texture of these meals. Similarly, mayonnaise is used in Mexican food in dishes like street corn (elite), tacos, and sandwiches like tortas. The demand for mayonnaise as a crucial ingredient will probably increase as more people discover and appreciate this international cuisine.
Many people today are more health conscious and look for products with greater nutritional value, fewer calories, and reduced fat content. For instance, yogurt and hummus are frequently viewed as healthier options due to their reduced fat content and potential inclusion of probiotics and other minerals. While not as low in fat as mayonnaise, sour cream is a more moderate alternative. People who want variety in their meals may be drawn to the textures and flavors that yogurt, sour cream, and hummus may provide. These substitutes can produce distinctive, tangy, or creamy tastes that mayonnaise cannot.
The market for mayonnaise was significantly impacted by the COVID-19 epidemic, as with other food industry sectors. Consumer behaviour changed during the beginning of the pandemic, with an emphasis on non-perishable items and necessities. Because customers gave priority to necessities, mayonnaise and other condiment sales first decreased. Lockdowns and other restrictions also resulted in sharp drops in revenue for the restaurant and catering sectors. This industry's demand for mayonnaise, which is frequently used in salads, sandwiches, and as a condiment, decreased.
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Leading market businesses are heavily funding R&D to increase the range of products they provide, which will propel the mayonnaise industry's further expansion. In addition to new product releases, contracts, mergers and acquisitions, higher investments, and partnerships with other organisations, market players are also engaging in a range of strategic initiatives to broaden their reach in response to notable shifts in the sector.
February 2023: Heinz has added three new mayonnaise flavors to its Mashup line, including barbecue, mustard, and sriracha variants. Heinz has combined Good mayonnaise with other sauces in response to customer input. MayoRacha, a Sriracha and mayonnaise mixture, has a hot, acidic, and sweet flavor.
February 2022: NotMayo is a plant-based mayonnaise that Kraft Heinz developed in partnership with TheNotCompany, Inc. It employs chickpea flour, among other ingredients, to produce a smooth and creamy texture comparable to conventional mayonnaise made with eggs.
March 2022: The Hellmann's brand of Unilever's PLC unveiled a new gravy mayonnaise, a unique condiment, and one of three new flavors, including Coronation and Chilli Charger.
Top Companies Market Share in Mayonnaise Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2023 and accounted for a share of more than 38% of the global revenue due to several variables. Because fast food goods and snacks are so widely available, especially in the United States and Canada. The institutional sector controls roughly three-fourths of the market share in the end-user industry. The main distribution channel segments are supermarkets and hypermarkets since they give clients convenience by carrying various products and brands.
Because they are so busy, Europeans are looking for ready-to-eat meal options. Because it may be used in various cuisines, mayonnaise is a flexible condiment well-liked by consumers who are short on time. Many international cuisines, including Japanese and Mexican meals, include mayonnaise as a fundamental ingredient. The demand for mayonnaise has increased as this cuisine has become more well-known in Europe. A growing number of individuals live in busy homes with less cooking time due to urbanization. This is increasing demand for quick-to-prepare foods like mayonnaise.
The current report Scope analyzes Mayonnaise Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, North America dominated the market in 2023 and accounted for a share of more than 38% of the global revenue due to several variables. The North American mayonnaise market continues to be a reliable and essential element of the local culinary scene. The adaptable condiment mayonnaise continues to be a mainstay in American homes. The retail industry has remained stable because mayonnaise remains a staple in family cooking. The retail sector provides a regular basis for mayonnaise in North America, while the food service industry demonstrates resiliency in changing circumstances. Mayonnaise producers and food service providers are adapting to these changes while ensuring that mayonnaise stays a flexible and essential condiment in North American cuisine. Consumer preferences and eating habits are changing constantly.
According to Cognitive Market Research, Europe accounted for a share of more than 32% of the global revenue. The mayonnaise market in Europe exhibits tradition and flexibility. In European cooking, mayonnaise has long been a cherished condiment, a creamy addition to foods like salads, sandwiches, and numerous regional specialties. The retail industry regularly provides consumers with a large selection of mayonnaise products, helping grow the European mayonnaise market. In Europe, mayonnaise is still a mainstay and has adapted to modern tastes, with the retail industry setting the bar for variety in options. Mayonnaise's persistent popularity in European culinary traditions guarantees its ongoing presence and relevance, and it is backed by creative product variations that meet shifting consumer expectations.
Asia Pacific accounted for a share of more than 22% of worldwide sales. The Asia Pacific region's mayonnaise market is anticipated to expand greatly in the upcoming years due to expanding disposable incomes, escalating urbanization, and shifting consumer tastes. Consumers in the area are increasingly looking for quick-to-prepare food options, and mayonnaise is a well-liked condiment for many different types of food. The region favors sachets because they are practical, inexpensive, and sustainable. Sachets are a good choice for emerging economies, where consumers frequently seek out handy and reasonably priced food items. In the upcoming years, the mayonnaise market in the Asia Pacific area is anticipated to expand further, propelled by various variables such as expanding disposable incomes, escalating urbanization, and shifting consumer tastes.
Due to a number of factors, Latin America contributed more than 5% of global revenue, according to Cognitive Market Research. The mayonnaise market in Latin America displays a dynamic and changing landscape that a strong culinary tradition has molded. Traditional Latin American cuisine, which has a strong cultural presence in the region, cannot be made without mayonnaise. The retail industry mostly drives the Latin American mayonnaise market. Consumers in this region are becoming more interested in items that support their aspirations for health and well-being, which is driving up demand for lighter and organic mayonnaise products. Mayonnaise is still widely consumed in Latin America, combining tradition with flexibility. The retail sector, supported by health-conscious consumers, fosters market innovation and diversification, ensuring mayonnaise's relevance in the region's culinary scene.
The Middle East and contributed more than 3% of global revenue, according to Cognitive Market Research. This was because of a number of factors. The Middle East & Africa (MEA) region's mayonnaise market is anticipated to expand rapidly over the next few years due to expanding disposable incomes, accelerating urbanization, and shifting consumer tastes. The jar segment is one of the important mayonnaise market segments in the MEA area. Jars are popular in the area because they are viewed as more upscale and opulent than alternative packaging options like plastic bottles and pouches. In the upcoming years, the mayonnaise market in the MEA area is anticipated to expand for various reasons, such as expanding disposable incomes, escalating urbanization, and shifting consumer tastes.
Global Mayonnaise Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Mayonnaise Industry growth. Mayonnaise market has been segmented with the help of its Type, Product Packaging, and others. Mayonnaise market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, flavoured mayonnaise is the item that is utilized the most frequently in the market for Mayonnaise. Due to its versatility, unflavored mayonnaise appeals to a wider range of consumers. It is commonly used in different culinary creations, accommodating various flavor profiles and cuisines that appeal to consumers looking for creativity and flexibility in their culinary experiences. Furthermore, as health-conscious consumers turn to unflavored mayonnaise, which frequently has cleaner ingredient lists than its flavored counterparts and avoids additives and artificial flavors, the demand for natural and openly labeled food options is increasing, which is a significant growth-inducing factor.
Unflavoured mayonnaise is the second-most used product. The global culinary sector is rapidly changing due to consumers' increasing exposure to different cuisines, influencing their preferences, dietary practices, and consumption patterns. Additionally, the market is affected by the rising appeal of products in numerous food categories and the rising consumption of goods from other countries.
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The eggless mayonnaise is the most popular offering in the mayonnaise market. The egg-free mayonnaise is rapidly gaining popularity among vegetarians. The worldwide egg-free mayonnaise market will also be driven shortly by the rising veganism trend among consumers. The demand for products like egg-free mayonnaise is expected to increase due to the rising frequency of egg allergies among consumers.
According to Cognitive Market Research, egg mayonnaise is the second-most popular product. The main ingredients in this section are egg yolks, vinegar, and oil. The use and popularity of egg mayonnaise have increased due to its peculiar flavor. The development of emerging economies is driving the popularity of the egg mayonnaise segment. Because of this, there is now more demand for expensive goods. Egg mayonnaise is regarded as a high-end product because of its distinctive flavor and premium components. As a result, the need for egg mayonnaise is rising in emerging economies, fueling the expansion and market domination of the egg mayonnaise segment.
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According to Cognitive Market Research, the jars segment in the Mayonnaise market is leading. Compared to other forms of packaging, such as plastic bottles and pouches, glass jars are typically seen as more upscale and opulent. They are, therefore, a well-liked option for producers of premium mayonnaise goods. Glass jars can be recycled, making them a more environmentally friendly packaging choice than alternative materials like plastic.
The mayonnaise for sachets ranks second in usage. Comparatively speaking, sachets are frequently more affordable than other packaging types like bottles and jars. As a result, consumers, especially those on a tight budget, can purchase them more affordably. Sachets are more environmentally friendly because they utilize less packaging material than other formats. Some sachets are also composed of recyclable materials.
Supermarkets are the most popular offering in the mayonnaise market. Various mayonnaise brands, types, and tastes are normally available at supermarkets and hypermarkets. They provide a selection of conventional, low-fat, organic, vegan, and flavored mayonnaise alternatives to satisfy a range of consumer tastes. This wide range of products helps attract customers and increase market share. Supermarkets and hypermarkets have many sites in urban and suburban areas, making them easily accessible to customers. They offer a convenient one-stop shopping experience that makes it simple for customers to locate and buy mayonnaise and other supermarket items. Many consumers like these retail models due to their accessibility and convenience.
According to Cognitive Market Research, E-Retailers are the second-most popular product. Customers who buy online have the convenience of doing it from the comfort of their own homes. Before purchasing, customers can browse various goods and evaluate the merchants' pricing.
Online stores frequently provide competitive pricing on mayonnaise items. Additionally, they could offer specials and deals that let customers save money.
Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
Nisha Deore is a highly skilled Research Analyst with over three years of experience specializing in the agriculture and food & beverage sectors. Her expertise encompasses secondary research, data mining, competitive analysis, and the development of detailed collateral and PR materials. Known for her meticulous approach, Nisha designs robust research methodologies and delivers actionable insights that support her organization’s commercial and financial objectives.
In her current role, Nisha manages research for both the agriculture and food & beverage categories, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With a deep passion for both sectors and a commitment to continuous professional development, Nisha remains an invaluable asset in the dynamic landscape of market research.
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The Global Mayonnaise Market is witnessing significant growth in the near future.
In 2023, the Flavoured Mayonnaise segment accounted for noticeable share of global Mayonnaise Market and is projected to experience significant growth in the near future.
The Egg Mayonnaise segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Unilever (U.K.) , Marina Foods Inc(U.S.) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Flavoured Mayonnaise, Unflavoured Mayonnaise, High-Calorie Mayonnaise, Low-Calorie Mayonnaise |
Product | Egg Mayonnaise, Eggless Mayonnaise |
Packaging | Jars, Sachets, Bottles, Others |
Distribution Channel | Supermarkets, Modern Trade, Convenience Store, E-Retailers, Others |
List of Competitors | Unilever (U.K.), Paradise Food Ltd (U.K.), Marina Foods Inc(U.S.), AR Brands (South Africa), Solo Foods (South Africa), Delicacy Foods (Cyprus), The Kraft Heinz Company, Dr. August Oetker Nahrungsmittel KG, Veeba Foods, DEL MONTE (FieldFresh Foods Private Limited), Cremica Food Industries Ltd, Wingreens Farms Private Limited |
This chapter will help you gain GLOBAL Market Analysis of Mayonnaise. Further deep in this chapter, you will be able to review Global Mayonnaise Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Product Analysis 2019 -2031
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Chapter 12 Market Split by Packaging Analysis 2019 -2031
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Chapter 13 Market Split by Distribution Channel Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Mayonnaise market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Flavoured Mayonnaise have a significant impact on Mayonnaise market? |
What are the key factors affecting the Flavoured Mayonnaise and Unflavoured Mayonnaise of Mayonnaise Market? |
What is the CAGR/Growth Rate of Egg Mayonnaise during the forecast period? |
By type, which segment accounted for largest share of the global Mayonnaise Market? |
Which region is expected to dominate the global Mayonnaise Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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