Global Vegan Dips Market Size, Share & Industry Trends Analysis Report By Flavors (Classic, Herby & Fresh, Spicy, and Others), By Packaging, By Type, By Distribution Channel, By Regional Outlook and Forecast, 2023 - 2030

Global Vegan Dips Market Size, Share & Industry Trends Analysis Report By Flavors (Classic, Herby & Fresh, Spicy, and Others), By Packaging, By Type, By Distribution Channel, By Regional Outlook and Forecast, 2023 - 2030

The Global Vegan Dips Market size is expected to reach $191.8 million by 2030, rising at a market growth of 7.6% CAGR during the forecast period. In the year 2022, the market attained a volume of 17,804.5 thousand Units (Per 7-9 OZ) experiencing a growth of 5.8% (2019-2022).

Growing awareness of health and environmental issues has led many consumers in North America to adopt plant-based diets. Therefore, North America segment generated $33,750.0 million revenue in the market in 2022. This shift in consumer preferences has contributed to the demand for vegan products, including dips. The food industry has introduced various inventive plant-based alternatives with the increasing consumer demand for vegan products. These factors will boost the demand in the segment. Some of the factors impacting the market are rising interest in plant-based diets, innovations in flavor profiles and taste and texture challenges with vegan dips.

Concern has grown regarding the environmental effects of conventional animal agriculture methods, including deforestation, water consumption, and greenhouse gas emissions. Consumers increasingly recognize the role of their food choices in contributing to environmental sustainability. Opting for plant-based diets and products, such as vegan dips, is considered more environmentally friendly. Health-conscious consumers are paying more attention to the nutritional aspects of their diets. Frequently associated with reduced saturated fat and cholesterol intake, plant-based diets may also provide an abundance of fiber, vitamins, and minerals. Additionally, using herbs and spices is pivotal in enhancing the taste and aroma of vegan dips. Various seasonings, such as garlic, onion, cumin, paprika, cilantro, and dill, can be incorporated to create distinctive and flavorful profiles. These additions contribute to a sensory experience that rivals traditional dips. Likewise, umami, often called the "fifth taste," adds a savory and rich flavor dimension. Plant-based sources of umami, such as mushrooms, tomatoes, soy sauce, and nutritional yeast, are commonly used to enhance the depth of taste in vegan dips. These factors will drive the demand for vegan dips in the coming years and These aspects will lead to increased demand for vegan dips in the future.

However, Dairy-based dips often derive their complex flavors from fermentation, aging, or specific dairy cultures. Plant-based alternatives may struggle to replicate this depth of flavor, impacting the complexity consumers associate with traditional dips. While plant-based alternatives replace dairy ingredients, finding substitutes that mimic the taste and texture of cheese, yogurt, or cream can be complex. Some substitutions may alter the overall flavor profile and texture of the dips. Traditional dairy-based dips often involve specific cooking and culinary techniques contributing to their unique taste and texture. Adapting these techniques to plant-based ingredients can be a learning curve for manufacturers and chefs, affecting their ability to replicate traditional flavors. These factors are expected to restrain the growth of the market.

Flavors Outlook

On the basis of flavors, the market is divided into classic, spicy, herby & fresh, and others. In 2022, the herby and fresh segment witnessed a substantial revenue share in the market. Consumers have preferred diverse and unique flavors, including herby and fresh profiles, in their food products. Dips with natural, fresh herbs are often associated with a healthier and more vibrant image. Consumers are increasingly looking for clean-label products with minimal and recognizable ingredients. Dips that feature fresh herbs align well with this trend, as they often signify natural and wholesome ingredients. These factors will boost the demand in the segment.

Packaging Outlook

Based on packaging, the market is divided into bottles, sachets & pouches, containers & tubs, and others. The containers and tubs segment recorded the maximum revenue share in the market in 2022. Containers and tubs that are convenient, eco-friendly, and visually appealing can attract consumers. Containers and tubs offer convenience and portability, making them suitable for on-the-go consumption. As lifestyles become busier, consumers often seek convenient and easily transportable food options. Therefore, the segment will expand rapidly in the coming years.

Type Outlook

Based on type, the market is segmented into hummus, salsa, guacamole, and others. In 2022, the hummus segment garnered a significant revenue share in the market. Hummus is often perceived as a healthier alternative to traditional dairy-based dips. Its high fiber content, plant-based proteins, and diverse nutrients make it an appealing choice for individuals who prioritize their health. Hummus brands have successfully marketed their products as not just a dip but also a versatile ingredient in various dishes. Owing to these factors, there will be increased demand in the hummus segment.

Distribution Channel Outlook

On the basis of distribution channel, the market is divided into supermarkets & hypermarkets, convenience stores, online, and others. The supermarkets and hypermarkets segment recorded the maximum revenue share in the market in 2022. Supermarkets and hypermarkets constantly expand their product lines to meet consumers' changing preferences. As the demand for vegan dips rises, retailers will likely allocate more shelf space to these products. Supermarkets and hypermarkets provide convenient access to various products in one location. Consumers looking for vegan dips may find it more convenient to purchase these products alongside other grocery items. Owing to these aspects, the segment will witness increased growth in the coming years.

Regional Outlook

By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2022, the Europe segment acquired the highest revenue share in the market. Supportive government policies and regulations promoting plant-based diets and sustainable food practices can positively influence the demand for vegan dips in Europe. Likewise, the increasing number of people in Europe adopting vegan and flexitarian lifestyles is a key factor contributing to the rising demand for plant-based food, including vegan dips. As a result, there will be increased demand in the segment.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Kraft Heinz Company, Kite Hill, Good Foods Group, LLC, Daiya Food, Inc. (Otsuka Pharmaceutical Co., Ltd.), Wm. Bolthouse Farms, Inc., Wingreens Farms Private Limited, Sabra Dipping Company, LLC, PepsiCo, Inc. (Frito-Lay North America Inc.), Siete Family Foods, and Galaxy Nutritional Foods, Inc. (GreenSpace Brands).

Strategies Deployed in Vegan Dips Market

Sep-2023: Sabra Dipping Company, LLC rolled out Roasted Garlic and Spicy Harissa, the two irresistible varieties. The launched product would be smooth, creamy, and bold-flavored dips that shine as sophisticated swaps for 'same-old' dips such as Ranch and French Onion.

Mar-2023: The Kraft Heinz Company collaborated with NotCo, a unicorn Chilean food-tech company. This collaboration aimed to roll out NotMayo, a vegan mayonnaise.

Jan-2023: Good Foods Group, LLC revealed dairy-free Roasted Garlic Dip, the robust, flavor-packed dip. The launched product would perfectly blend delicious taste and better-for-you benefits, especially for those refocusing and reprioritizing healthier snacking habits.

Nov-2022: Good Foods Group, LLC launched the Grab & Go snack packs for Chunky Guacamole and Plant-Based Queso Dip. The launched product would be non-GMO Project Verified, vegan, and gluten-free.

Jun-2021: Kite Hill released a new Dairy-Free Queso dip, the first vegan queso made using homemade cultured almond milk. The launched product would offer a close-to-dairy creamy texture and flavor, along with bell peppers, tomatoes, and jalapeños.

Aug-2020: Wm. Bolthouse Farms, Inc. launched dressings/dips, a new plant-based product. The launched product will be available in four flavors including Garden Ranch, Habanero Blue, Carrot Miso, and Green Goddess, the plant-based refrigerated dressings are made with natural, simple ingredients and are all vegan/dairy-free, gluten-free, non-GMO and contain no artificial colors, flavors, preservatives, sweeteners, or gums.

Feb-2020: Sabra Dipping Company, LLC announced the launch of Dark Chocolate Dessert Dip & Spread, the plant-based dip pairs with sweet. The launched product would feature a rich chocolate taste, made from strawberries and bananas to churros, graham crackers, and pretzels.

Scope of the Study

Market Segments covered in the Report:

By Flavors (Volume, Thousand Units (Per 7-9 OZ), USD Million, 2019-2030)

• Classic
• Herby & Fresh
• Spicy
• Others

By Packaging (Volume, Thousand Units (Per 7-9 OZ), USD Million, 2019-2030)

• Containers & Tubs
• Bottles
• Sachets & Pouches
• Others

By Type (Volume, Thousand Units (Per 7-9 OZ), USD Million, 2019-2030)

• Salsa
• Hummus
• Guacamole
• Others

By Distribution Channel (Volume, Thousand Units (Per 7-9 OZ), USD Million, 2019-2030)

• Supermarkets & Hypermarkets
• Convenience Stores
• Online
• Others

By Geography (Volume, Thousand Units (Per 7-9 OZ), USD Million, 2019-2030)

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Companies Profiled

• The Kraft Heinz Company
• Kite Hill
• Good Foods Group, LLC
• Daiya Food, Inc. (Otsuka Pharmaceutical Co., Ltd.)
• Wm. Bolthouse Farms, Inc.
• Wingreens Farms Private Limited
• Sabra Dipping Company, LLC
• PepsiCo, Inc. (Frito-Lay North America Inc.)
• Siete Family Foods
• Galaxy Nutritional Foods, Inc. (GreenSpace Brands)

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