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The market for Vegan Sauces and Dressings is estimated to expand with a 9.5% CAGR by 2030
January 16th, 2023
Most people are concerned about dietary restrictions and sacrificing flavour when transitioning to a vegan diet. While changing your diet requires some adjustment, you will discover that it is not as difficult as you thought with time and new plant-based products on offer in the market. There are numerous vegan sauces and dressings available that allow you to indulge your tastebuds. If you enjoy guacamole and chips, you can still enjoy this favourite snack by using vegan ingredients. If you enjoy creamy dips, there are plenty of flavorful sauces available with plant-based ingredients that add to the joy of healthy snacking.
In fact, in the last decade, many vegan and plant-based products, such as burgers and nuggets, have been introduced. These vegan dishes tasted and felt exactly like non-vegetarian cuisine, driving customers insane. The vegan sauces which have a present market valuation of over US$ 100 million, were invented to supplement these recipes.
About vegan sauces
For the uninitiated, the idea behind vegan sauce is to generate a sauce that is free of not only animal and dairy products, but also of elements that can lead to health issues such as allergies and negative effects. This phrase distinguishes between vegan and vegetarian sauces, which are frequently mixed up.
Critical factors influencing the upsurge in market demand
1. Demand for vegan sauces is being driven by end-user demand for eco-friendly vegan products. Furthermore, as people become more aware of the negative effects of animal-based food consumption, demand for vegan sauces grows.
2. The internet has been flooded with narratives and videos about vegan food and animal welfare in recent years, which has attributed to the rise of the vegan population. Also, the majority of vegans are millennials with significant purchasing power. This motivates people to consume vegan items such as vegan sauces.
3. Additionally, individuals are shifting to plant-based food habits owing to the numerous health benefits and environment conscious qualities of plant-based goods. As a result, vegan sauce sales have increased.
In the coming years, the increasing influence of cruelty-free products will boost demand for vegan sauces. Moreover, the prevalence of animal-based food allergies is predicted to boost demand for vegan sauces.
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