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Global Dips and Spreads Market to reach USD 130.67 billion by the end of 2029.

Global Dips and Spreads Market Size study & Forecast, by Type (Salsa, Mayonnaise, Cheese, Others), by Distribution Channel (B2C, B2B) and Regional Analysis, 2022-2029

Product Code: OIRFB-65975188
Publish Date: 2-05-2023
Page: 200

Global Dips and Spreads Market is valued at approximately USD 85.6 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.43% over the forecast period 2022-2029. Dip is used as a topping for a variety of cuisines, including finger foods, appetizers, and other snack foods. Any meal item, including falafel, pita bread, shellfish, cubed meat, cubed raw veggies, crackers, fruits, and fruit dips, gains texture and flavor by the addition of dips. Spread is a food that is typically smeared using a knife onto wafers, bread, and other similar meals. Jellies, hummus, jams, spreads made from plants, margarine, pate made from meat, and yeast spreads are among the most widely used spreads (such as marmite and vegemite). The rising adoption of ethnic cuisine, the growing use of exotic condiments in restaurants and home cooking, and the high demand for premium and healthy products combined with the high shelf life are the primary factors that are fostering market growth across the globe.

The flavor-driven, healthy, and nutritious, dips and spreads are gaining huge popularity among the population, which is fueling the market demand. As per Statista, in 2022, it was estimated that the healthy snacks sector generated the revenue of around USD 90.6 billion, which is projected to grow and reach to USD 152.5 billion by 2030. Thereby, the surge in demand for health snacks alternatives is substantially propelling the demand for dips and spreads, which, in turn, augmenting the market growth. Moreover, rising initiatives by the key market players, as well as the growing food and beverage industry innovation are presenting various lucrative opportunities over the forecasting years. However, the low adoption in rural areas and higher prices of organic dips and spreads are challenging the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Dips and Spreads Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. the Asia Pacific dominated the market in terms of revenue, owing to the increasing number of restaurants and the development of the food & beverage industries in countries such as China, India, Japan, and Australia, along with the rising government initiatives and implementation of several policies. Whereas, Europe is expected to grow with a considerable CAGR during the forecast period, owing to factors such as the surge in demand for wholesome and on-the-go snacks, as well as rising inclination towards healthy and organic food in the market space.

Major market players included in this report are:
Kraft Heinz Company (U.S.)
Campbell Soup Company (U.S.)
Greendot Health Foods Pvt Ltd (India)
PepsiCo (Frito-Lay) (U.S.)
McCormick and Company, Inc. (U.S.)
Wingreens Farms Pvt Ltd (India)
AVT Gavia Foods Pvt Ltd (India)
Conagra Brands, Inc (U.S.)
Sandridge Food Corporation (U.S.)
Veeba Foods (India)

Recent Developments in the Market:
Ø In April 2022, Sandridge Food Corporation’s factory introduced its distinctive High-pressure Processing (HPP) system in Ohio. Sandridge gained notoriety as a leading provider of technology, food safety, and high-quality products with the aid of this ground-breaking technology. This newly introduced method improved the texture, look, nutritional content, and flavour of minimally processed meals.

Global Dips and Spreads Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Distribution Channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Salsa
Mayonnaise
Cheese
Others
By Distribution Channel:
B2C
B2B

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Dips and Spreads Market, by Region, 2019-2029 (USD Billion)
1.2.2. Dips and Spreads Market, by Type, 2019-2029 (USD Billion)
1.2.3. Dips and Spreads Market, by Distribution Channel, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Dips and Spreads Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Dips and Spreads Market Dynamics
3.1. Dips and Spreads Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Surge in demand for health snacks
3.1.1.2. Growing use of exotic condiments in restaurants and home cooking
3.1.2. Market Challenges
3.1.2.1. Low adoption in rural areas
3.1.2.2. Higher prices of organic dips and spreads
3.1.3. Market Opportunities
3.1.3.1. Rising initiatives by the key market players
3.1.3.2. Growing food and beverage industry innovation
Chapter 4. Global Dips and Spreads Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Dips and Spreads Market, by Type
6.1. Market Snapshot
6.2. Global Dips and Spreads Market by Type, Performance – Potential Analysis
6.3. Global Dips and Spreads Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Dips and Spreads Market, Sub Segment Analysis
6.4.1. Salsa
6.4.2. Mayonnaise
6.4.3. Cheese
6.4.4. Others
Chapter 7. Global Dips and Spreads Market, by Distribution Channel
7.1. Market Snapshot
7.2. Global Dips and Spreads Market by Distribution Channel, Performance – Potential Analysis
7.3. Global Dips and Spreads Market Estimates & Forecasts by Distribution Channel 2019-2029 (USD Billion)
7.4. Dips and Spreads Market, Sub Segment Analysis
7.4.1. B2C
7.4.2. B2B
Chapter 8. Global Dips and Spreads Market, Regional Analysis
8.1. Dips and Spreads Market, Regional Market Snapshot
8.2. North America Dips and Spreads Market
8.2.1. U.S. Dips and Spreads Market
8.2.1.1. Type breakdown estimates & forecasts, 2019-2029
8.2.1.2. Distribution Channel breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Dips and Spreads Market
8.3. Europe Dips and Spreads Market Snapshot
8.3.1. U.K. Dips and Spreads Market
8.3.2. Germany Dips and Spreads Market
8.3.3. France Dips and Spreads Market
8.3.4. Spain Dips and Spreads Market
8.3.5. Italy Dips and Spreads Market
8.3.6. Rest of Europe Dips and Spreads Market
8.4. Asia-Pacific Dips and Spreads Market Snapshot
8.4.1. China Dips and Spreads Market
8.4.2. India Dips and Spreads Market
8.4.3. Japan Dips and Spreads Market
8.4.4. Australia Dips and Spreads Market
8.4.5. South Korea Dips and Spreads Market
8.4.6. Rest of Asia Pacific Dips and Spreads Market
8.5. Latin America Dips and Spreads Market Snapshot
8.5.1. Brazil Dips and Spreads Market
8.5.2. Mexico Dips and Spreads Market
8.5.3. Rest of Latin America Dips and Spreads Market
8.6. Rest of The World Dips and Spreads Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Kraft Heinz Company (U.S.)
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Campbell Soup Company (U.S.)
9.2.3. Greendot Health Foods Pvt Ltd (India)
9.2.4. PepsiCo (Frito-Lay) (U.S.)
9.2.5. McCormick and Company, Inc. (U.S.)
9.2.6. Wingreens Farms Pvt Ltd (India)
9.2.7. AVT Gavia Foods Pvt Ltd (India)
9.2.8. Conagra Brands, Inc (U.S.)
9.2.9. Sandridge Food Corporation (U.S.)
9.2.10. Veeba Foods (India)
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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