The Latin America, Middle East and Africa Vegan Dips Market would witness market growth of 8.8% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 2,226.1 thousand Units (Per 7-9 OZ), showcasing a growth of 8.5% (2023-2030).
Vegan dips have transcended their initial niche status and are embraced by a diverse consumer base, including flexitarians, individuals reducing meat and dairy intake, and those with dietary restrictions. The rise of vegan lifestyle movements, epitomized by initiatives like Veganuary, has played a pivotal role in accelerating the adoption of vegan dips. These movements encourage individuals to explore plant-based eating for a designated period, fostering awareness and encouraging long-term dietary changes.
Moreover, the growing health and wellness awareness has significantly contributed to adopting vegan dips. Consumers increasingly recognize the health benefits of plant-based diets, including lower cholesterol levels, reduced saturated fat intake, and a higher consumption of vitamins and minerals. Vegan dips offer a canvas for culinary exploration and flavor diversity. These alternatives span traditional hummus variants to unorthodox creations highlighting distinctive plant-derived components.
As the retail sector expands, more shelf space becomes available for various products. This allows vegan dips to be more widely distributed and accessible to consumers across different regions in Brazil. Online platforms provide an additional avenue for consumers to access and purchase vegan dips. As per the data from the United States Department of Agriculture, the retail sector accounted for US$134.8 billion in 2022, representing seven percent of the country’s GDP. This result includes various food retailing formats, such as neighborhood stores, supermarkets, hypermarkets, cash-and-carry, and e-commerce. Thus, the rising retail sector, changing diet preferences, and availability of plant-based ingredients can contribute to the growth of the regional market.
The Brazil market dominated the LAMEA Vegan Dips Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,765.1 Thousand by 2030. The Argentina market is experiencing a CAGR of 9.3% during (2023 - 2030). Additionally, The UAE market would exhibit a CAGR of 8.5% during (2023 - 2030).
Based on Flavors, the market is segmented into Classic, Herby & Fresh, Spicy, and Others. Based on Packaging, the market is segmented into Containers & Tubs, Bottles, Sachets & Pouches, and Others. Based on Type, the market is segmented into Salsa, Hummus, Guacamole, and Others. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Online, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Vegan Dips Market is Projected to reach USD 191.8 Million by 2030, at a CAGR of 7.6%
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).
By Flavors (Volume, Thousand Units (Per 7-9 OZ), USD Million, 2019-2030)
By Packaging (Volume, Thousand Units (Per 7-9 OZ), USD Million, 2019-2030)
By Type (Volume, Thousand Units (Per 7-9 OZ), USD Million, 2019-2030)
By Distribution Channel (Volume, Thousand Units (Per 7-9 OZ), USD Million, 2019-2030)
By Country (Volume, Thousand Units (Per 7-9 OZ), USD Million, 2019-2030)
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