Vegan Sauces, Dressings & Spreads Market Analysis, Size, Growth, Share, Trend, Outlook & Forecast to 2027
The global vegan sauces, dressings & spreads market is anticipated to worth USD 365.8 million by 2027 according to Grand View Research Inc., Rising adoption of vegan lifestyle owing to increasing awareness pertaining to adverse environmental effects of eating habits is expected to drive the market. New products launches have also been acting as a catalyst for the market growth. Rising prevalence of lactose intolerance is also propelling the demand for vegan sauces, dressings, and spreads around the globe. According to the data provided by the ‘Food Intolerance Network’, around 70% of the population was suffering from lactose intolerance in 2019. Increasing prevalence of allergies and intolerance among the adults as well as children is fueling the demand for vegan sauces, dressings, and spreads at the global level. Consumers have been adopting vegan products owing to increasing awareness regarding the adverse impact caused by the consumption of food products obtained from animals on environment. Milk, honey, egg, meat, pork, and seafood are known to have increased carbon footprints. Consumers have been increasingly including eco-friendly vegan products in their diet. Shifting inclination towards vegan and vegetarian diet among millennials is expected to expand the industry size in the HoReCa (Hotel/Restaurant/Café) sector. For instance, in 2017, Saudi Arabian Prince Al-Waleed bin Talal has announced plans to open vegan restaurants