Western Africa Mayonnaise Market Research Report Forecast to 2028

Western Africa Mayonnaise Market Research Report Forecast to 2028

The Western Africa mayonnaise market is expected to register a notable growth rate during the forecast period. The Western Africa mayonnaise market was valued at USD 303.16 million in 2020 and is projected to witness a steady CAGR of 4.25% during the forecast period. The rapid growth of the HoReCa industry is majorly driving the market growth. Also, the high demand for table sauces is contributing to market growth. Market players are witnessing several growth opportunities due to the growing demand for organic & vegan products, constant investments in R&D for innovations, and innovative flavor blends. The branding issue is the major challenge faced by the producers of mayonnaise across Western Africa. Furthermore, fluctuation in the prices of raw materials is slowing down the market growth.

Mayonnaise is a thick creamy sauce that is usually made by beating egg yolks, olive oil or other vegetable oil, lemon juice or vinegar, and seasoning together. However, vegetarian alternatives—such as egg-free mayonnaise—are also made available in the market. Mayonnaise is typically served with snacks as a dip or condiment and used for salads, sandwiches, and vegetable dishes.

Mayonnaise is a stable emulsion of egg yolks, oil, and additional emulsifier agents such as vinegar or lemon juice. It is a thick, cold condiment or dressing commonly used as a spread or dip. The mayonnaise market is mainly driven by the exponential growth of the HoReCa industry. The high demand for table sauces also fuels market growth. However, fluctuation in the prices of raw materials is expected to slow down the market growth. Market players are witnessing several growth opportunities due to the growing demand for organic and vegan products, constant investments in R&D for innovations, and innovative flavor blends. The issue of branding is the major challenge faced by the producers of mayonnaise across Western Africa.

Market Segmentation

Based on Product type the market is bifurcated into Egg Mayonnaise and eggless mayonnaise.

The packaging type classifies the market into bottles & jars, pouches, and others. The bottles & jars segment accounted for the largest market share of 86.01%. In terms of category the market is divided into flavored and plane.

Distribution channel segment categorises market into store-based and non-store based. Store based segment comprises Supermarkets and Hypermarket, convenience store, and others. The food retail segment accounted for the larger market share of 69.28% in 2020, with a market value of USD 210.02 million.

Regional Analysis

Nigeria accounted for the largest market share of 60.55% in 2020, with a market value of USD 36.55 million; the market is expected to register a CAGR of 4.95% during the forecast period. Rest of Western Africa was the second-largest market in 2020, valued at USD 13.30 million; it is projected to grow at the highest CAGR of 5.27%.

Major Players

ZaikaFoods (Nigeria), Royal Smilde (Netherlands), Remia (Netherlands), American Garden (US), GBfoods (Spain), JobecoFood (UAE), Nando’s (South Africa), Dolly's (Lebanon), The C.F. Sauer Co. (US) and ElburgGlobal (Netherlands) are the leading companies in this market, who compete based on market presence, quality, and price.

 



Companies Mentioned

ZaikaFoods (Nigeria)
Royal Smilde (Netherlands)
Remia (Netherlands)
American Garden (US)
GBfoods (Spain)
JobecoFood (UAE)
Nando’s (South Africa)
Dolly's (Lebanon)
The C.F. Sauer Co. (US) and ElburgGlobal (Netherlands) are the leading companies in this market
who compete based on market presence
quality
and price.

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