Vegan Sauces Market 2021 Key Players, SWOT Analysis, Key Indicators and Forecast to 2031

The idea behind vegan sauce is not only to produce a sauce that is free from meat and dairy ingredients but to also ensure absence of ingredients that may cause health problems such as allergies and side effects. This statement is enough to differentiate between vegan and vegetarian sauces that are often mistook for the same thing. Over the past decade, many variants of vegan and plant based products such as burgers, nuggets, and many more were launched.

These vegan foods tasted and felt similar to the non-vegetarian food items taking the consumers by frenzy. In order to compliment these dishes, vegan sauces were also introduced which at present represent an estimated market size worth over US$ 100 Mn. Vegan foods that require vegan sauce as its complementary serving are expected to witness huge demand for them in the near future, thereby guaranteeing a strong positive growth for the vegan sauce market on the PLC curve.

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Global Vegan Sauces: Key Players

Some of the key players manufacturing vegan sauces are as follows –

  • Follow Your Heart
  • Meridian Foods Limited
  • B&G Foods, Inc.
  • Daiya Foods Inc.
  • Amy’s Kitchen, Inc.
  • Litehouse, Inc.
  • Red Duck Foods, Inc.
  • Majestic Garlic
  • Bear Pond Farm
  • Others.

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COVID-19 Impact:

Financial times reported 265% growth in the sales of vegan food since the beginning of COVID-19 in the North American market that accounts for more than 40% of the global vegan sauces market. During the pandemic, consumers utilised their free time at home in learning different kinds of plant based dishes and their advantages.

This further carried on the trends like plant based meat dishes, plant based protein intake, plant based dairy products, and the plant based sauces and dressing that go along with it. Furthermore, it is quite obvious that superfoods along with plant based dietary patterns is going to be a common place.

Owing to the growing popularity and widespread acceptance of plant based foods in the near future, developments in flavours, ingredients, and textures of plant based food products would be carried out to enhance the taste and nutrition content, inadvertently fuelling the growth of vegan sauces market as well. Also, consumers had to implement sustainable cooking practices during the COVID-19 lockdown due to poor access to certain non-essential and essential items. In a way, COVID-19 has gotten the consumers to value food and all other essential resources.

The Report Covers Exhaustive Analysis on:

  • Vegan sauces market segment
  • Vegan sauces market dynamics
  • Vegan sauces market size
  • Vegan sauces supply and demand
  • Current trends/issues/challenges pertaining to vegan sauces market
  • Competition landscape and emerging market participants in vegan sauces market
  • Technology related to production/processing of vegan sauces
  • Value chain analysis of the vegan sauces market

Regional Analysis Includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of Latin America)
  • Europe (Germany, U.K., France, Italy, Spain, BENELUX, Poland, Russia, Nordic, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, South Africa, Rest of MEA)

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Global Vegan Sauces: Market Segmentation

On the basis of nature :

  • Organic
  • Conventional

On the basis of source :

  • Tomato
  • Coconut
  • Lemon
  • Others

On the basis of distribution channel :

  • Direct Sales/B2B
  • Indirect Sales/B2C
    • Convenience Store
    • Specialty Store
    • Hotels/Restaurants
    • Modern Groceries
    • Online Retail
    • Others

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