The Global Mayonnaise Market Continues To Grow Owing To the Rising Demand from the Food Industry to Sustain the Increasing Requirement for Fast Foods Especially In Developed Regions such the U.S.
Mayonnaise is usually made by mixing egg yolk and vegetable oil, but owing to the rise of vegetarianism there has been an abundance of production of vegetarian eggless mayonnaise. Mayonnaise is one of those condiments which are so versatile that users can use it in so many different ways, and for so many different occasions. Mayonnaise is a thick, creamy cold cream sauce or marinade usually used in hamburgers, salad dressings, as a base for other sauces, like remoulade, chimenea, and salsa. It also forms the base for a number of sauces, like tartar sauce, lemongrass sauce, Cajun sauce, and rouille, all of which are very popular worldwide. A lot of people prefer to use mayonnaise as an ingredient in their cooking. For example, users can top grilled chicken breasts with it or spoon some onto vegetable dishes as a sauce. Another good way to put it to use is in a creamy sauce made with cream, eggs, and oil for a meatless option; users can also use it as a base on which they can then add spices to. They can make a delicious and easy-to-make chicken roux using mayonnaise and cream. It makes a good base to which they can then add onions, garlic, and pepper.
Market Dynamics
The
main factor influencing the growth of the mayonnaise market is the increased
consumption of fast foods around the world. For instance, according to The
Barbecue Lab, in 202 the net fast food consumption of the world increased by
2.2%, and McDonald's is one of the most popular fast-food chains with annual
revenue of US$ 130.4 billion worldwide. Owing to the lifestyle changes of
people in recent times, where the food consumption time has minimalized,
individuals are preferring easy-go-to foods, which they can consume on the go.
The rising demand for these foods is expected to propel the growth of the
mayonnaise market. Moreover, key players are focusing on making mayonnaise for
all types of lifestyle diets, such as the vegan diet, which is expected to
boost the market growth of mayonnaise. However, increasing awareness related to
health and fitness is the main restraining factor hindering the growth of the
market.
This
market is distributed in five regions that include Asia-Pacific, North America,
Europe, Africa, and the Middle East, and Latin America. Among these, North
America is expected to hold a significant share of the mayonnaise market, owing
to the increase in fast food consumption in the region. For instance, according to a National Health
and Nutrition Examination Survey, around 36.6% of U.S. adults consume fast
foods daily or frequently. The mayonnaise market in the Asia Pacific is
estimated to witness significant growth owing to the frequent lifestyle changes
of people.
Competitive
Analysis
Key
players operating in the global mayonnaise market include Woodstock Foods,
Spectrum Organic Products, LLC, Kensington & Sons, LLC, Sauer Brands, Inc.
(Duke's Mayonnaise), Kewpie Corporation, Unilever, Kraft Heinz Company,
McCormick & Company, Inc., Ajinomoto
Co., Inc., and Nestlé SA.
In
February 2021, Truff launched two new mayonnaise, a standard truffle-infused
mayonnaise, and spicy mayo. Likewise, in March 2019, Kraft Heinz Company
introduced two new sauces with a mayonnaise base, Heinz Mayomust, and Heinz
Mayocue.
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