Deodorizer Bags Market Worth $857.7 Million By 2025

The global deodorizer bags market size is expected to reach USD 857.7 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.7% over the forecast period. The market is driven by increasing consumer awareness about health concerns, especially due to air borne diseases. Moreover, significant change in the consumer preference for different types of fragrances is expected to augment the demand for deodorizer bags.

The market is driven by increasing demand for the premium and quality products due to the natural ingredients present in them. Moreover, growing working class population and rising disposable income are likely to drive the demand for the products over the forecast period.

Enhanced freshness and capability of deodorizer bags to remove unpleasant odor are driving the product demand. Moreover, increasing number of product launches by the manufacturers is boosting the market growth. However, high cost of these products as compared to the other deodorizing agents has been a factor restraining the growth of the market.

The market in North America is anticipated to grow due to the rise in the sales of natural products, along with increasing product launches. The growth in the region is also attributed to growing health awareness among consumers and rise in the economic factors, such as disposable income and purchasing power for the consumers. Moreover, increasing sales in the automotive and footwear sector are anticipated to drive the product demand in Asia Pacific over the forecast period.

Growing interest in the natural and quality products among the working population due to their various health benefits will fuel the product demand in the market. Companies are expanding their geographical reach and developing novel products in order to gain a major share in the market. The market is recognized by a few initiatives such as mergers and acquisitions, limited extension, and online sales and developments, endeavored by the key players including Moso Natural; Home Pro Goods Inc.; California Home Goods Inc.; Etsy Inc.; and BreatheFresh Solutions.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/deodorizer-bags-market

Further key findings from the study suggest:

  • Based on application, the cars segment is projected to expand at a CAGR of 9.8% over the forecast period. The residential segment dominated the market with an overall share of 72.3% in 2018
  • North America dominated the market in 2018 and accounted for 49.3% share of the overall revenue. This trend is projected to continue over the next few years owing to growing automotive industry, which is attributed to rise in mobility, mainly in developed countries
  • The deodorizer bags market in Asia Pacific is anticipated to witness growth due to increasing disposable income in countries, such as India, South Korea, China, and Japan
  • The industry is highly competitive due to presence of key players including Moso Natural; Home Pro Goods Inc.; California Home Goods Inc.; Etsy Inc.; and BreatheFresh Solutions
  • Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovations to estimate existing and future demand patterns from upcoming product segments.

Morocco Cosmetics Market Worth $1.93 Billion By 2025

The global morocco cosmetics market size is expected to reach USD 1.93 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 7.5% during the forecast period. The growth can be attributed to surging demand for premium cosmetic products, majorly driven by the increasing purchasing power of consumers.

Rising consumption of cosmetic products by women owing to increasing westernization in the country is estimated to be a key factor driving the market. Growing demand for personal care and grooming products from male consumers is also anticipated to bolster the growth of the market over the forecast period. E-commerce platforms are projected to play a significant role in supporting the growth of the Morocco cosmetics market owing to the high convenience they offer to consumers.

The industry is registering an increase in the number of male consumers. Changing climatic conditions and lifestyles are prompting men to use cosmetic products in their daily routines. Fragrances, skincare, and hair care products are increasingly being used by both men as well as women.

Morocco has consistently outperformed other African countries in terms of its ranking in various global retail indexes. The relatively stable political atmosphere in the country and the increasing middle-class population are providing a significant push to the market.

The country has made considerable strides in recent years related to investments in infrastructure. One such example is of investments made to improve infrastructure in the Tangier free trade zone. Such developments in the country are attracting investors from across the globe.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/morocco-cosmetics-market

Further Key Findings From the Report Suggest:

  • The makeup & color cosmetics segment is likely to exhibit the highest CAGR of 8.1% during the forecast period
  • Morocco has a significant competitive edge in the production and export of argan oil
  • A major chunk of the demand for cosmetic products in Morocco is generated by people with a higher income and modern lifestyles, staying in large cities
  • New product launches and the establishment of strategic partnerships with luxury salons are expected to remain a critical success factor for the haircare market over the forecast period.

Frozen Bakery Market Size Worth $10.50 Billion by 2025

The global frozen bakery market size is expected to reach USD 10.50 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 4.8% during the forecast period. Increasing demand for processed food owing to the fast-paced lifestyle is the major driving factor for the growth. Availability of foods with longer perishability and easy storage is also expected to drive the product demand in near future.

Expansion of distribution channels such as supermarkets and hypermarkets, convenience stores, and online grocery and bakery chains are some of the other driving factors for the market. For instance, in Mexico, these distribution channels contributed to more than 60% retail sales for bakery products in 2017. Convenience stores and supermarkets and hypermarket retailers are the commonly preferred sales medium in Mexico. This scenario is also expected to boost the market growth over the next few years.

Among various product types, frozen bread accounted for the largest market share of about 29.11% in 2018 and is expected to expand at a CAGR of 4.5% during the forecast period. Despite the dip in the sales of bread, frozen bread market in the U.S. witnessed a significant demand over the past few years. Increasing international population seeking healthy bakery products is expected to support the market growth.

Europe held the largest market share of about 34.5% in 2018. The major countries contributing to the growth include Germany, U.K., and France. Germany held the largest share of the frozen bakery market in 2018 and is expected to continue its dominance in Europe during the forecast period. Increasing trade activities of frozen pizza products is expected to contribute to the growth. North America was estimated to hold the second largest revenue share, primarily driven by the significant demand for processed food products as a result of busy lifestyles.

Some of the key players operating in the global market include, Kellogg Company; Cargill Corporation; Conagra Brands Inc.; Custom Foods, Inc.; Vandemoortele N.V.; Bridgford Foods Corporation; Associated British Foods plc; General Mills, Inc.; Europastry; Cole’s Quality Foods Inc.; and Flowers Foods; among others. 

Click the link below:
https://www.grandviewresearch.com/industry-analysis/frozen-bakery-market

Further key findings from the study suggest:

  • Frozen bread was estimated to account for the highest revenue share of about 32.5% in 2018
  • Frozen cakes and pastries and pizza are expected to witness significant CAGR of 5.1% and 6.0% respectively, during the forecast period
  • Supermarkets and hypermarkets accounted for a revenue share of more than 55% in 2018, thereby having a value worth USD 4.39 billion in 2018
  • Online distribution channel of frozen bakery market is expected to register the fastest CAGR of 6.2% from 2019 to 2025
  • Asia Pacific is expected to expand at a CAGR of 5.6% from 2018 to 2025, owing to developing economies, significant influence of western culture in terms of living standards and food patterns, and rising disposable income

Non-alcoholic Drinks Market Worth $1.6 Trillion By 2025

The global non-alcoholic drink market size is expected to reach USD 1.6 trillion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.3% over the forecast period. Rising concerns over adverse effects associated with consumption of alcoholic beverages are expected to expand the use of functional beverages as alternatives. Moreover, increasing demand for healthy and nutritious on-the-go beverages has propelled the demand for wide variety of natural beverages in the market.

Functional beverages are expected to expand at the fastest CAGR of 6.0% from 2019 to 2025. Changing diet patterns among the young population owing to fast moving lifestyle have fueled the demand for functional products such as probiotic beverages. Moreover, these products are beneficial for improving gut health, bones strength, and immunity of the body. They provide essential nutrition for proper functioning metabolism and normal functioning of the body.

North America led the market and accounted for a share of 34.5% in 2018. Over the past few years, the major players of the region have been adopting marketing strategies including innovative product launch and mergers and acquisitions in order to cater to the increasing demand for natural, less sugary, and low calorie content beverages.

For instance, in January 2019, The Coca-Cola Company launched a new range of sparkling cocktails under the brand name ‘Bar None’ in U.S. This product is available in four flavor variants including Bellini Spritz, Sangria, Ginger Mule, and Dry Aged Cider. The company has introduced these beverages as a best alternative to the alcoholic beverages in the parties.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/non-alcoholic-drinks-market

Further key findings from the report suggest:

  • By product, soft drinks held the largest share of 24.3% in 2018
  • The online distribution channel is expected to expand at a CAGR of 5.6% from 2019 to 2025
  • In terms of revenue, North America accounted for the largest share of 34.5% in 2018
  • Asia Pacific is projected to expand at the fastest CAGR of 6.0% from 2019 to 2025 owing to product innovation and establishment of partnerships with the distributors located in developing countries including China and India
  • Key players of non-alcoholic drinks market include PepsiCo, Inc.; The Coca-Cola Company; Danone S.A.; Starbucks Corporation; Nestle S.A.; Parle Agro; Suntory Beverage & Food Limited; Keurig Dr Pepper Inc.; Red Bull Gmbh; and Unilever.

Surgical Masks Market Size Worth $419.8 Million By 2027

The global surgical masks market size is anticipated to reach USD 419.8 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.3% from 2020 to 2027. Rising demand for respiratory protection within the healthcare industry, especially during the COVID-19 pandemic, is anticipated to spur the market growth.

Increasing advancements in the field of medical diagnosis and surgery, coupled with rising number of surgeries and medical procedures on a daily basis across the globe, are expected to drive the demand for surgical masks. Moreover, rising awareness regarding protection provided by surgical masks against airborne diseases is likely to complement growth.

The recent outbreak of the COVID-19 pandemic impacting several countries has resulted in boosting the demand for surgical masks. Moreover, government authorities have implemented measures for the usage of appropriate respiratory protective equipment to contain the spread of the virus, which is anticipated to have a positive impact on the market growth.

In addition, several automobile companies are converting their manufacturing facilities into a medical device manufacturing department to cater to the rising demand for surgical masks and other equipment. For instance, in March 2020, Automobili Lamborghini announced to convert some departments of its Sant’Agata Bolognese plant for manufacturing surgical masks.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/surgical-masks-market

Further key Findings from the Study Suggest:

  • The basic product segment accounted for 43.3% share of the global revenue in 2019 on account of to easy availability of the product, coupled with its widespread use in the healthcare sector
  • The online distribution channel segment is estimated to expand at the fastest CAGR of 8.8% from 2020 to 2027 on account of increasing penetration of e-commerce in the developing economies, coupled with consumer convenience and ease of delivery
  • Europe is anticipated to expand at a CAGR of 7.1% over the forecast period owing to the developed healthcare industry, coupled with rapid spread of the COVID-19 pandemic in the region
  • In Asia Pacific, India is anticipated to expand at a CAGR of 9.7% from 2020 to 2027 on account of growing elderly population, coupled with high prevalence of lingering illnesses, such as tuberculosis and asthma.

Sports Supplement Market Worth $43.3 Billion By 2025

The global sports supplement market size is anticipated to reach USD 43.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 11.2% over the forecast period. Increasing number of health clubs and fitness centers and urbanization are the key driving factors in the market. Some of the important trends observed in the market are growing demand for caffeine-free products and increasing investment by the companies in product development.

Demand for supplements has increased globally due to growing health concerns. Moreover, the need for sports supplements has been increasing from the past few years. Earlier athletics and sports activities were limited to teenage and young people. However, from the last few years, it has been observed that participation of children in such activities has been increasing. Parents are also supporting their children to participate in sports events to promote their overall development, thereby encouraging the growth of the market.

Protein powder is the largest product segment in the market and expected to generate a revenue of around USD 29.68 billion by 2025. Protein-based powders are one of the most common sports supplements with 1,174 brand variants and a total of 411 brands captured by Lumina Intelligence. This product category also attracted the most customer reviews, with a global total of 1.62 million and an average of 940 reviews per product.

Protein bar is expected to witness rapid growth over the forecast period, registering a CAGR of 10.3%. Shifting consumer inclination towards fruit and nut bars is expected to increase the product demand in the foreseeable future.Common supplements to increase an athlete’s energy are Guarana, Vitamin, Asian ginseng, B12, and Caffeine. Caffeine, one of the favorite energy drinks, can be found in different forms such as tablets or capsules, pills, and in common beverages like tea and coffee.

The online distribution channel is expected to witness significant growth in the market. In 2018, North America was the leading revenue contributor in the market, accounting for 34.8% share of the overall revenue. Increasing number of health and fitness centers and gyms, growing health awareness, and changing consumer preferences for protein products are some of the primary reasons for the market growth in the region.

Asia Pacific is anticipated to emerge as the fastest growing regional market and exhibit a CAGR of 12.4% during the forecast period. This is attributed to growing health and fitness awareness, rising disposable income, and increasing number of global retailers in the region.

Some of the key players operating in the market are Glanbia Plc.; Plethico Pharmaceuticals Limited; GNC Holdings, Inc.; Universal Nutritio; and NBTY. Other key players in the market are Scitec Nutrition, Creative Edge Nutrition, Enervit S.p.A., Herbalife Ltd., and MaxiNutrition.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/sports-supplement-market

Further key findings from the study suggest:

  • In terms of revenue, the powder product segment dominated the global market in 2018 and is projected to expand at a CAGR of 11.7% over the forecast period
  • North America dominated the global market in 2018 and constituted more than 34.0% share of the overall revenue. This trend is projected to resume over the next few years
  • The industry is highly competitive due to the presence of key players including Glanbia Plc.; Plethico Pharmaceuticals Limited; GNC Holdings, Inc.; Universal Nutrition; and NBTY
  • Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovation to estimate existing and future demand patterns from upcoming product segments.

Baby Bottle Market Size Worth $3.6 Billion By 2025

The global baby bottle market size is expected to reach USD 3.6 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 4.7% over the forecast period. Hectic working hours and increasing number of working women are the key reasons behind the growth of the market. Furthermore, decrease in the infant mortality rate is a significant aspect driving the market. The World Health Organisation (WHO) suggests that breastfeeding is the only method to provide nutrition to the baby. However, due to reasons like lack of time for working women compel the manufacturers to produce nutritional content milk formula that can be used as a substitute for breastfeeding.

Demand for baby bottles is maximum in countries such as U.S., Germany, China, and Japan, wherein the markets are profitable. Demand for the product is high in the countries of Asia Pacific including China, Indonesia, Hong Kong, and Vietnam. These countries are expected to be the major contributors to the growth of the industry.

Plastic baby bottles are the largest product segment in the market and anticipated to expand at a CAGR of 5.6% from 2019 to 2025. Plastic bottles are the most preferred products among all as they are lightweight, easy to use, and possess high strength, which make them convenient to carry during traveling.

The offline segment dominated the market in 2018, accounting for 83.3% share in the global market. Baby feeding products are sold through various channels including supermarket and hypermarket, retail store, and pharmacy store in countires such as India, China, and U.S. The online segment is the fastest growing distribution channel as many manufacturers, especially from China, are selling their products through online channel. Furthermore, many regional and domestic players have their own portals for selling these products through online channel. 

Asia Pacific is expected to be the fastest growing regional market throughout the forecast period. China accounted for the largest share of 30.3% of the overall revenue in 2018. Awareness of infant nutrition and health and increasing population of working women are the major factors responsible for the growth of the market in China. Some of the key players in the market are Mayborn Group Limited, BABISIL, Pigeon, Handi-Craft Company, and Munchkin.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/baby-bottle-market

Further key findings from the study suggest:

  • Based on product, the plastic segment is anticipated to expand at a CAGR of 5.8% over the forecast period. Stainless steel was valued at USD 0.6 billion in 2018 and is projected to witness substantial growth in the next few years
  • Asia Pacific dominated the global market in 2018 and constituted 32.4% share of the overall revenue. This trend is projected to resume over the next few years due to increasing number of working women
  • The industry is highly competitive due to presence of the key players including Mayborn Group Limited, BABISIL, Pigeon, Handi-Craft Company, and Munchkin
  • Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovation to estimate existing and future demand patterns from upcoming product segments.

Hydrolyzed Wheat Protein Market Size Worth $233.08 Million By 2025

The global hydrolyzed wheat protein market size is expected to reach USD 233.08 million by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 4.5% during the forecast period. Increased use of plant-based products due to changing food habits and rising geriatric population across the globe are some of the key factors driving the market.

Hydrolyzed wheat proteins are plant-based, non-genetically modified products obtained through a process of hydrolysis of wheat germ to extract nutrients, especially proteins and peptides. Wheat is the main ingredient of the final product and is free from unnecessary side-effects; it is hence used by various food and beverage manufacturers. Companies such as Cargill Inc. and Agridient are spending a large portion of their capital on R&D to develop numerous organic food and beverage formulations, especially targeting the growing vegan population around the world. For instance, Cargill Inc. developed a vegetable-protein formulation that could be used in a variety of beverages. The company also launched a soft drink formulation that contains soluble hydrolyzed wheat proteins, thereby witnessing escalating demand from end-consumers looking for newer protein-rich consumables.

Increasing adoption of organic ingredients in personal care products has marked a growing need amongst manufacturers, thereby contributing to the growth of the personal care segment. This segment is expected to register a CAGR of 4.5% over the forecast period. Hydrolyzed wheat proteins are often used as a main ingredient in a number of skincare and hair-care products. The product has properties of hydrating and retaining moisture and also repairs damaged hair follicles, thus nourishing and softening the hair. A key trend that has imparted robust momentum to the market for hydrolyzed wheat protein is the natural and non-toxic claims made by a growing number of personal care product manufacturers like Body Shop, Logona, and Cush, especially in the APAC market.

Easy availability of raw material and supportive government policies are a few other factors driving the market. Surging requirement of plant-based ingredients in food processing has led governments to become proactive in terms of agricultural development. For instance, the Food Safety & Standard Authority of India (FSSAI) introduced new standards in eight categories under food additives, mostly involving wheat proteins. Now with the approval of FSSAI, manufacturers are permitted to use wheat production of food and beverages.

Online channel is the fastest growing segment under distribution channels, exhibiting a CAGR of 5.1% over the forecast period. Increasing mobile penetration, ease of access, 24/7 availability, and multiple options available are some of the factors driving online sales. Moreover, regular availability of discounts and offers on multiple products is a crucial factor fueling online sales over the forecast period.

Asia Pacific accounts for major demand in the personal care industry and is likely to register a CAGR of 4.9% over the forecast period, making it the fastest growing segment in the overall market. Apart from Asian countries, European countries are also known for their beauty trends and innovations, featuring sophisticated ingredients in their personal care regime. For instance, Korres, a Greek brand, manufactures an entire haircare range using organic ingredients like olive oil, where hydrolyzed wheat protein is a main ingredient to repair dull and damaged hair.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/hydrolyzed-wheat-protein-market

Further key findings from the study suggest:

  • In terms of regional revenue, North America is projected to value USD 68.3 million by 2025
  • Offline channels include hypermarkets and supermarkets, drug stores, and direct-to-customer services. All these constituted about 53.8% of the total market in 2018. The segment, however, is projected to exhibit a slight decline in the coming years due to increased number of mobile phone users across the global
  • Asia Pacific is a key contender in the global hydrolyzed wheat protein market and is anticipated to be the fastest growing regional segment with a CAGR of 4.9%. This trend is projected to continue over the next few years due to rise in geriatric population and increased disposable income of people in this region
  • With increased vegan population in countries like Italy and Germany, a positive trend is seen in terms of purchase of wheat protein products in these regions
  • The industry is highly competitive in nature, the key players being Archer Daniels Midland; Agridient; Cargill Inc.; Manildra Group; and Roquette.

Hand Wash Market Size Worth $10.73 Billion By 2027

The global hand wash market size is expected to reach USD 10.73 billion by 2027, expanding at a CAGR of 6.4% over the forecast period, according to a new report by Grand View Research, Inc. Growing awareness among consumers regarding the effectiveness of hand washing in terms of eliminating all types of germs and some viruses is one of the key factors fueling the market growth. Additionally, recent outburst of COVID-19 has re-emphasized the urgency of regular hand wash at the global level. All the world leaders and governments have been promoting the significance of hand hygiene in unison. These factors have spurred the demand for hand wash products, which is expected to continue during the forecast period.  

Increasing social campaigning and initiatives pertaining to importance of hand wash by renowned organizations are also expected to drive the market. For instance, awareness initiatives by the World Health Organization, including SAVE LIVES: Clean Your Hands annual global campaign, launched in 2009, Clean Care is Safer Care program from 2005 to 2015, and Infection Prevention and Control campaign from 2015 to 2017, were aimed to galvanize the importance of hand hygiene in reducing health care-associated infection.

Many manufacturers such as Brittanies Thyme, Puracy, and MADEOF LLC have been venturing into organic hand wash to attract customers who are largely influenced by products made from natural ingredients. These market players have been benefitting by transparent listing of important details, such as constituents, shelf life, and production processes. Organic hand wash products are free from parabens and sulfates that are known to cause rashes and irritation on the skin. These products contain plant based extracts, such as neem, honey, extra virgin oil, eclipta, castor seed oil, and coconut oil.

The commercial end-use segment held the largest market share in 2019 and is expected to maintain its lead over the forecast period. This is attributed to increasing demand for hand hygiene products from the hospitality industry, healthcare industry, and restaurants. The e-commerce distribution channel segment is expected to register the fastest CAGR of 7.7% from 2020 to 2027. Increasing internet and smartphone penetration across the globe is a major reason for the market growth.

Asia Pacific accounted for the largest share of more than 32.0% in 2019 owing to growing awareness among people regarding hand hygiene. In addition, increasing promotional events by the government and global organizations will fuel the demand for hand wash products in the region. For instance, in 2018, the World Health Organization asked the Southeast Asian countries to promote the practice of good hand hygiene, which could help prevent sepsis, a life-threatening disease that affects almost 30 million people globally every year.

Europe is expected to expand at the fastest CAGR of 6.6% from 2020 to 2027. According to the European Centre for Disease Prevention and Control (ECDC), healthcare-related infections, including those caused by bacteria resistant to antibiotics, have been increasing the public health problems in Europe, which is expected to drive the demand for hand wash products in the region.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/hand-wash-market

Further key findings from the study suggest:

  • Rising importance of regular hand wash practices among consumers due to increase in the number of influenza like diseases, such as COVID-19, is boosting the growth of the hand wash market
  • Hand wash products have been gaining traction among consumers as these products have been considered to be more impactful for providing deep hand cleaning as compared to other alcohol-based disinfectants and sanitizers
  • By end use, the residential segment is expected to expand at a CAGR of 6.2% from 2020 to 2027. Manufacturers such as Reckitt Benckiser, Unilever, Amway, and Procter & Gamble have been categorically marketing and advertising their products focusing on the spread of diseases and infections caused by poor hand hygiene, thus boosting the segment growth.

Vegan Sauces, Dressings & Spreads Market Worth $365.8 Million By 2027

The global vegan sauces, dressings & spreads market size is expected to reach USD 365.8 million by 2027, expanding at a CAGR of 8.2% over the forecast period, according to a new report by 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.

For instance, in December 2019, Il Mulino, a New York-based Italian restaurant, launched plant-based sauces, including Organic Tomato Basil, Marinara, Bolognese, Vodka, and Pomodoro. These come in small batches and include San Marzano tomatoes and cold-pressed EVOO from Abruzzi as major ingredients. These products are priced between USD 12 and USD 15.

Moreover, in January 2020, Tesco through Wicked Kitchen launched vegan sauces and dressings, including beetroot dressing, siracha, teriyaki, Asian style BBQ, mango, and horseradish and mustard. Similarly, in October 2019, LEON has launched a new range of sauces, including mayonnaise, beetroot ketchup, chili, and brown, through 600 Sainsbury’s stores. The company is focused on inspiring people to consume plant-based food. The company claims its products are free of artificial ingredients.

Additionally, in October 2019, French Cravings launched a range of vegan dips through Walmart. Most of these dips are derived from almond and cashew. These dips are available in various flavors including Kickin’ Queso Style Cashew, Zesty Ranch Cashew, Creamy Dill Cashew, Creamy Garlic Almond, Spicy Garlic Almond, Organic Creamy Vanilla Cashew Dip, Organic Chocolate Mousse Cashew Dip, and Smokehouse Almond. The company is focusing on expanding its buyer base by targeting those customers who have been shifting towards veganism.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/vegan-sauces-dressings-spread-market

Further key findings from the report suggest:

  • Based on product, the sauces segment was valued at USD 90.4 million in 2019. This is attributed to increasing adoption of the product in various cuisines across the globe
  • Plant-based dressings are expected to register the fastest CAGR over the forecast period owing to increasing dependence on salads as meals globally
  • Online distribution channel is expected to witness the fastest growth from 2020 to 2027. The convenience pertaining to direct to customer delivery and access to a large variety of flavors are expected to drive this channel in the years to come
  • North America and Europe jointly accounted for more than 65.0% share of the global revenue in 2019. Growing importance of vegetarianism in developed countries, such as U.S., Germany, U.K., France, and Canada, is expected to have a positive impact on the market growth in these regions.