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The Mayonnaise & Salad Dressing Market is anticipated to grow up at a CAGR of more than 25% over the forecast period: Bonafide Research
Oct, 01
2015

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The Mayonnaise & Salad Dressing Market is anticipated to grow up at a CAGR of more than 25% over the forecast period: Bonafide Research

 

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Rising urbanization, growing disposable income, increasing awareness among consumers about the international food trends, transforming towards ready to eat meals, increasing number of food chains, QSR's, Cinemas are driving various mayonnaise and salad dressing products in India. The primary mayonnaise and salad dressing industry is an array of various mayonnaise variants and international salad dressing sauces products like eggless mayonnaise, mustard sauce, Russian & Italian salad dressing, thousand island salad dressing, etc. Eggless Veg mayonnaise is constructing highest revenue for mayonnaise market. Whereas, adoption of normal mayonnaise is less in the country due to majority of the Indian consumers are vegetarian. The other types available in the mayonnaise market are light mayonnaise, garlic mayonnaise, burger mayonnaise, tandoori mayonnaise etc. The salad dressing market is gaining presence in the Indian mayonnaise and salad dressing industry, although consumption of salad dressing variants through retail levels is low. As of now, major food chains are driving the salad dressing products in India. Youngsters are enhancing the demand for mayonnaise and salad dressings as they are the fast adopters of international fast foods like burger, sandwich, franky, pizza, etc. Companies are establishing the mayonnaise and salad dressing products made from quality, spicy, creamy ingredients. According to recently published report of Bonafide Research "India Mayonnaise & Salad Dressing Market Outlook 2021", the mayonnaise and salad dressing market was growing at a CAGR of nearly 23% over five years. The rising middle class and growing disposable income provides many opportunities in the mayonnaise and salad dressing market. The mayonnaise & salad dressing product have wide opportunities in Indian market and is fiercely challenged along with major brands for various mayonnaise and salad dressing products. In addition to food ingredient for garnishing, there are specific uses of mayonnaise in various recipes where in different variants of mayonnaise are used. To make efficient presence in the market, new product developments and innovation are the most important factors to sustain in this market. Few players are operating the mayonnaise and salad dressing market, among them Fun Foods and Cremica, are the domestic brands, whereas, Remia, Kraft, American Garden, Sil, Del Monte and others are the imported in the market.