The Dips and Spreads Market is Predict to reach USD 136 Billion by 2031, at a CAGR of 5.3%

Dips and Spreads Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Dips and Spreads Market size is expected to reach $136 billion by 2031, rising at a market growth of 5.3% CAGR during the forecast period. In the year 2023, the market attained a volume of 5,430.8 kilo tonnes, experiencing a growth of 21.1% (2020-2023).

The B2B segment is leading the Global Dips and Spreads Market by Distribution Channel in 2023; thereby, achieving a market value of $77.4 billion by 2031. B2B transactions cater to the bulk purchasing needs of retailers, wholesalers, and food service providers. These businesses require large quantities of dips and spreads to stock their shelves or supply their customers, making B2B transactions economically advantageous due to volume discounts and wholesale pricing structures.

The Salsa segment registers a CAGR of 5.6% during (2024 - 2031). Salsa, a traditional Mexican condiment, has gained global popularity due to the increasing popularity of Mexican cuisine. Salsa is known for its vibrant flavors, spicy kick, and versatility in complementing various dishes such as tacos, nachos, quesadillas, and burritos. As consumers explore international flavors and seek authentic culinary experiences, salsa has become a staple in households and restaurants.

Full Report: https://www.kbvresearch.com/dips-and-spreads-market/

The Asia Pacific region dominated the Global Dips and Spreads Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $50.1 billion by 2031. The Europe region is experiencing a CAGR of 4.6% during (2024 - 2031). Additionally, The North America region would exhibit a CAGR of 4.9% during (2024 - 2031)

List of Key Companies Profiled

• The Kraft Heinz Company
• PepsiCo, Inc.
• Conagra Brands, Inc.
• Nestle S.A.
• Unilever PLC
• The Hain Celestial Group, Inc.
• Mars, Inc.
• Hormel Foods Corporation
• McCormick & Company, Inc.

Dips and Spreads Market Report Segmentation

By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• B2B
• B2C

By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Cheese
• Salsa
• Mayonnaise
• Others

By Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• 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
  • Australia
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Dips and Spreads Market Size & Trends 2031

• July-2024
• 109 Pages

LAMEA Dips and Spreads Market Size, Analysis Report 2031

• July-2024
• 120 Pages

Europe Dips and Spreads Market Size, Growth | Trends 2031

• July-2024
• 120 Pages

Asia Pacific Dips and Spreads Market Size & Share | 2031

• July-2024
• 122 Pages