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Dips and Spreads Market Size
Dips and Spreads Market size was valued at USD 90.2 billion in 2022 and is estimated to grow at over 5.4% CAGR from 2023 to 2032. The shift towards healthier eating habits and the rise of health-conscious consumers have boosted the demand for dips and spreads made from natural and nutritious ingredients. Consumers seek options with lower fat, salt, and sugar content. Dips and spreads serve as easy-to-prepare accompaniments for various snacks, appetizers, and meals, providing consumers with time-saving and hassle-free options.
As consumers adopt busier and more on-the-go lifestyles, the demand for convenient and ready-to-eat food options like dips and spreads increases. These products offer quick and hassle-free snacking and meal solutions.
The dips and spreads market is highly competitive, with numerous brands and product offerings vying for consumer attention. Established brands and new entrants constantly compete for market share, making it challenging to differentiate products based on taste, quality, and price. Ensuring consistent product quality and food safety is critical in the market. The dips and spreads industry relies on a complex supply chain that involves sourcing raw materials, production, packaging, and distribution.
Who are the key dips and spreads companies?
Sabra Dipping Company, LLC (USA), The Kraft Heinz Company (USA), Conagra Brands, Inc. (USA), Nestl
What factors are driving the U.S. dips and spreads market growth?
Demand for dips and spreads in the U.S. recorded USD 20.4 billion in 2022 and will expand at a significant pace from 2023-2032, due to the higher consumer focus on health and wellness.
How is hummus influencing the dips and spreads industry expansion?
The hummus product segment reached USD 23.8 billion in 2022, owing to the surging need for healthier alternative to traditional spreads.
How big is the dips and spreads market?
The market size of dips and spreads crossed USD 90.2 billion in 2022 and is set to reach USD 152.7 billion by 2032, driven by the shift towards healthier eating habits and growing number of health-conscious consumers worldwide.