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Vegan Dips Market Trends

Report ID: GMI11101
Published Date: Aug 2024
Report Format: PDF

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Vegan Dips Market Trends

The vegan dips industry is witnessing several pivotal trends. Innovative flavors and ingredients are emerging, catering to a spectrum of taste preferences, including spicy, smoky, and exotic variations. A heightened focus on clean-label and organic products underscores the rising consumer demand for transparency and natural ingredients. According to the USDA, the organic food sector grew by 12% in 2023, reflecting this trend.

Moreover, the penetration of vegan dips into mainstream retail channels and online platforms is broadening their accessibility. The U.S. Census Bureau reported a 15% increase in online grocery sales in 2023, highlighting this expansion. Sustainability is gaining traction, with brands prioritizing eco-friendly packaging and responsible sourcing to resonate with environmental concerns and appeal to eco-conscious consumers. The EPA notes that 30% of consumers consider sustainability in their purchasing decisions, further supporting this trend.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of vegan dips reached USD 205.5 million in 2023 and is set to expand at over 8.1% CAGR from 2024 to 2032, led by rising trend of veganism and heightened health consciousness.

The hummus segment is anticipated to reach USD 140.6 million by 2032, owing to its reputation as a versatile, nutritious, and flavorful choice.

North America market held a decent growth in 2023 and will record a market size of about USD 153 million during 2024 and 2032, driven by heightened consumer awareness and a surging demand for plant-based foods.

The Kraft Heinz Company, Kite Hills, Good Foods Group, Wingreen World, Galaxy Nutritional Foods Inc, SABRA DIPPING CO. LLC, DAIYA FOODS INC. among others.