(Entertainment-NewsWire.com, December 21, 2023 ) As per Maximize Market research, the Mayonnaise Market was USD 11.50 billion in 2022 and is expected to grow at a CAGR of 14.5 percent over the forecast period to reach USD 15.34 billion by 2029.
Mayonnaise Market Report Scope and Research Methodology
The report provides dynamics of the Mayonnaise Market such as drivers, restraints, opportunities, and threats. The market is segmented into major regions North America, Europe, Asia Pacific, The Middle East and Africa, and South America. The report also covers a strategic study of key market players in the market.
The growing preference for convenience foods and evolving dietary habits significantly propel the mayonnaise market's growth. As consumers seek versatile condiments for various cuisines and dishes, mayonnaise's adaptability, diverse flavors, and its usage as a base for sauces and dressings continue to drive its demand, reflecting a shift towards more convenient yet flavorful meal options.
Mayonnaise Market Regional Insights
North America spearheads the global Mayonnaise market, holding a dominant share in 2023, expected to grow at a CAGR till 2029. The surge is fueled by diverse consumer demands, leaning toward healthier choices, influencing the region's mayonnaise preferences. The United States, a key market, deeply embeds mayonnaise in its cuisine, driving demand. Evolving tastes favor cleaner-label and natural ingredient-based products in this period.
Maximize Market Research is leading Food and Beverages research firm, has also published the following reports:
Pickles Market: size was valued at USD 11.80 Bn in 2023 and is expected to reach USD 15.22 Bn by 2030, at a CAGR of 3.7 %.
Peanuts Market: size was valued at USD 85.16 Bn in 2022 and is expected to reach USD 102.41 Bn by 2029, at a CAGR of 2.67 %.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and defense, and other manufacturing sectors.
