Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 74 Billion | USD 100 Billion | 6.5% | 2022 |
The global salad dressing market size was evaluated at $74 billion in 2022 and is slated to hit $100 billion by the end of 2030 with a CAGR of nearly 6.5% between 2023 and 2030.
Salad dressing is a liquid that is utilized for improving salad taste as well as vegetable taste. Furthermore, it is utilized for adding moisture, flavor, and texture to various dishes. Reportedly, salad dressing can be produced by using a slew of ingredients such as spices, oil, condiments, vinegar, and herbs. Moreover, salad dressings are available in myriad kinds such as homemade dressings, bottle form, and packets or packages. It encompasses cream, mayonnaise, sauces, nuts, and cheese. For the record, salad dressing is a kind of sauce utilized for adding flavor as well as moisture to a spectrum of dishes, salads, and vegetables.
Huge intake of ethnic food across the globe to boost the global market surge by 2030
Escalating demand for ethnic food has prompted customers to consume salad, thereby providing impetus to the expansion of the global salad dressing market. Humungous intake of ethnic flavors such as Chinese, Japanese, and Thai diet will proliferate the size of the global market. Moreover, changing food habits of customers has positively impacted the growth of the market subject to nutritive & health benefits offered by various kinds of salads included in the diet. Moreover, customers prefer healthy food in their routine diet and this has paved the way for humungous growth of the global market.
Furthermore, the rise in awareness about health and fitness among people across the globe has contributed significantly towards the growth of the market across the globe. Humungous demand for a convenient diet due to a hectic lifestyle has enlarged the intake of salads, thereby driving the global market trends. A surge in globalization has translated into huge demand for exotic flavors, thereby embellishing the expansion of the global market. New product launches will contribute substantially towards the global market size.
For instance, in July 2023, Fresh Express, Inc., a leader in the value-added salad business, launched its newest salad kit referred to as French Blue Cheese along with three more offerings in the chopped salad kits product line. For the record, the three chopped salad kit offerings include twisted Caesar enchilada, french bistro, and smokehouse.
Low awareness about salad dressings among the population of emerging economies can restrict global industry growth
Lack of awareness about salad and salad dressing products is likely to put brakes on the expansion of the global salad dressing industry. High calorie and fat contents of a few of the salad dressings can hinder the expansion of the global industry.
An increase in the disposable income of the customers can create new growth facets for the global market in the next eight years
Escalating demand for organic & natural products will create new growth avenues for the global salad dressing market. A prominent increase in per capita income and changing customer diet preferences in emerging economies of LATAM and APAC will steer the expansion of the market in the coming years.
Easy access to alternative food products can create obstacles in the growth of the industry globally
Easy availability of substitute products such as hummus and salsa can prove to be a major hurdle in the expansion of the global salad dressing industry. High costs of raw materials can pose a threat to the expansion of the global industry in the foreseeable future.
The salad dressing market is sectored into product type, end-use, distribution channel, and region.
In product type terms, the global salad dressing market is divided into mayonnaise, gourmet salt, ketchup, and sauce segments. Furthermore, the sauce segment, which acquired nearly 60% of the global market revenue in 2022, is predicted to accrue the highest gains over the period from 2023 to 2030. The expansion of the segment during 2023-2030 can be a result of the growing demand for imparting taste and flavor to cuisine. Moreover, sauce not only adds taste and moisture to food but also makes it sensory.
Based on the end-user, the global salad dressing industry is sectored into the household and food services segments. Additionally, the food services segment, which acquired a major chunk of the global industry share in 2022, is anticipated to lead the industry expansion over the forecast timeframe. The segmental expansion over the coming eight years can be attributed to the rising use of salad dressing in various kinds of food services across the globe.
Based on the distribution channel, the global salad dressing market is separated into convenience stores, specialty stores, supermarkets/hypermarkets, and online retail segments. Furthermore, the supermarkets/hypermarkets segment, which acquired nearly half of the global market share in 2022, is predicted to lead a segmental surge over the period from 2023 to 2030. The expansion of the segment during 2023-2030 can be a result of a rise in the purchase of salad dressings from supermarket stores. A growing trend among customers for physically verifying the products has translated into huge purchases of salad dressing from supermarket stores.
Report Attributes | Report Details |
---|---|
Report Name | Salad Dressing Market |
Market Size in 2022 | USD 74 Billion |
Market Forecast in 2030 | USD 100 Billion |
Growth Rate | CAGR of 6.5% |
Number of Pages | 215 |
Key Companies Covered | The Kraft Heinz Company, Unilever PLC, Southeastern Mills Inc., Conagra Brands Inc., Dr.Oetker KG, Hormel Foods Corporation, McCormick & Company, The French’s Food Company LLC, Campbell Soup Company, Unilever Food Solutions Inc., American Garden, Remia C.V., Huy Fong Foods Inc., and others. |
Segments Covered | By Product Type, By End-User, By Distribution Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is predicted to retain its leading position in the global salad dressing market over the forecast years
North America, which contributed about 57% of the global salad dressing market revenue in 2022, will be a leading region over the forecast timeline. Moreover, the regional market elevation over the period from 2023 to 2030 can be due to surging demand for vinegar-based dressings. Apart from this, the escalating popularity of salad dressings in countries such as Canada and the U.S. will steer the regional market trends. In addition to this, growing customer preference towards healthy food has generated new growth horizons for the manufacturers of processed food in countries such as the U.S. Escalating intake of a healthy diet in the country will drive the regional market trends.
The European salad dressing industry is set to record the fastest CAGR in the upcoming years owing to large-scale product penetration in routine diets in countries such as the UK and Germany. Moreover, the presence of key players in countries such as France, Germany, the UK, Estonia, and Italy will steer the regional industry trends.
The salad dressing market profiles key players such as :
By Product Type
By End-User
By Distribution Channel
FrequentlyAsked Questions
Salad dressing is a liquid that is utilized for improving salad taste as well as vegetable taste. Furthermore, it is utilized for adding moisture, flavor, and texture to various dishes.
The salad dressing market growth across the globe can be owing to customers preferring healthy food in their routine diet along with rise in awareness about the health and fitness among people across the globe.
According to a study, the global salad dressing industry size was $74 billion in 2022 and is projected to reach $100 billion by the end of 2030.
The global salad dressing market is anticipated to record a CAGR of nearly 6.5% from 2023 to 2030.
The European salad dressing industry is set to register the fastest CAGR over the forecasting timeline owing to large-scale product penetration in routine diets in countries such as the UK and Germany. Moreover, the presence of key players in countries such as France, Germany, the UK, Estonia, and Italy will steer the regional industry trends.
The global salad dressing market is led by players such as The Kraft Heinz Company, Unilever PLC, Southeastern Mills, Inc., Conagra Brands, Inc., Dr.Oetker KG, Hormel Foods Corporation, McCormick & Company, The French’s Food Company LLC, Campbell Soup Company, Unilever Food Solutions, Inc., American Garden, Remia C.V., and Huy Fong Foods, Inc.
The global salad dressing market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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