Transparency Market Research has released a new market report entitled “Eggless Mayonnaise Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2024” on to their report store.
Albany, NY -- (SBWIRE) -- 08/11/2017 -- The global market for eggless mayonnaise is progressing at a substantial rate, states a new research report by Transparency Market Research (TMR). The report, titled "Eggless Mayonnaise Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2027," presents a descriptive picture of the kind of progress this market is having, taking the driving factors, challenges, opportunities, and growth prospects in consideration. The past and current performance of this market has also been analyzed in this study in order to determine its future status.
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According to the report, the increasing fascination of people towards vegetarianism is the main factor behind the growth of the global market for eggless mayonnaise. Analysts expect this trend to continue, adding considerably to the market's growth in the near future.
The worldwide eggless mayonnaise market can be broadly analyzed on the basis of the type of ingredient, distribution channel, and the packaging. Based on the type of ingredient, the market can be classified into soy protein and pea protein. The demand for soy protein is greater than pea protein. Based on the distribution channel, the market can be bifurcated into convenience stores, supermarkets and hypermarkets, and e-retailing shops. By the packaging type, the market can be categorized into plastic containers, glass jars, and pouches, notes the research study.
Regionally, the report has segmented the global market for eggless mayonnaise into Latin America, North America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and the Middle East and Africa. With the rising demand for vegetarian food products, North America and Europe has held the leading position in this worldwide market. Researchers anticipate this scenario to remain so over the next few years, thanks to the augmenting demand for plant-based food products and increasing consumption of mayonnaise in these regions.
Latin America and Asia Pacific are also expected to witness a high growth rate in their respective markets for eggless mayonnaise. The rising consumption of mayonnaise, increasing retail penetration, and swift urbanization are projected to boost these regional markets in the years to come, states the research study.
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The research report has also analyzed the competitive landscape of the global market for eggless mayonnaise at length. Researchers have thoroughly reviewed the company profiles of the leading vendors of eggless mayonnaise to identify the market's current business hierarchy. Hampton Creek, Unilever (Hellmann's), Trader Joe's, Remia, Del Monte Foods Inc., Dr. Oetker, American Garden, and Cremica Food Industries Ltd. are some of the key players in this market mentioned in this research report.