LAMEA Cooking Spray Market Size, Share & Trends Analysis Report By End Use, By Distribution Channel (B2B, and B2C), By Type (Vegetable Oil Spray, Olive Oil Spray, Coconut Oil Spray, Baking Spray, Butter Flavored Spray, and Others), By Country and Growth Forecast, 2024 - 2031
The Latin America, Middle East and Africa Cooking Spray Market would witness market growth of 7.9% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Cooking Spray Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $279.9 million by 2031. The Argentina market is capturing a CAGR of 9% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 7.6% during (2024 - 2031).
The convenience factor of cooking sprays extends beyond just cooking to the overall kitchen experience. Less oil spillage means less mess and quicker cleanup, a significant advantage in busy households. This aspect is especially relevant for families with children, where time-saving measures are always welcomed. The easy application of cooking sprays can also encourage children to participate in cooking activities, fostering a family-oriented cooking culture and teaching them valuable life skills.
Marketing and awareness campaigns play a crucial role in driving the adoption of cooking sprays as manufacturers seek to educate consumers about the benefits of these products. These campaigns are designed to increase awareness of cooking sprays' health benefits and versatile applications, ultimately leading to greater consumer interest and adoption. Manufacturers often emphasize that cooking sprays allow for less oil than traditional methods, which can help reduce fat and calorie intake. By promoting cooking sprays as a healthier alternative to traditional oils and fats, manufacturers can appeal to health-conscious consumers looking for ways to make their cooking more healthful.
As per the Government of South Africa, when denominated in constant 2019 prices, the food and beverage sector's overall revenue grew by 14.9% in February 2023 compared to February 2022. Positive annual growth rates were recorded for bar sales (35,5%) and food sales (13,8%). The convenience factor of cooking sprays, which offer easy application and portion control, also contributes to their growing popularity. Therefore, the demand for cooking sprays is expected to grow further in the region owing to the changing landscape of cooking habits and consumer behaviors.
Based on End Use, the market is segmented into Commercial Use, and Home Use. Based on Distribution Channel, the market is segmented into B2B, and B2C. Based on Type, the market is segmented into Vegetable Oil Spray, Olive Oil Spray, Coconut Oil Spray, Baking Spray, Butter Flavored Spray, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- Pompeian, Inc.
- Bunge Limited
- Conagra Brands, Inc
- The J.M Smucker Company
- B&G Foods, Inc.
- The Hain Celestial Group, Inc.
- Ventura Foods, LLC (Smart Balance)
- Pure Wesson
- Frylight (Saputo Dairy UK)
LAMEA Cooking Spray Market Report Segmentation
By End Use
By Distribution Channel
By Type
- Vegetable Oil Spray
- Olive Oil Spray
- Coconut Oil Spray
- Baking Spray
- Butter Flavored Spray
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA