According to a new report, published by KBV research, The Global Vegan Dips Market size is expected to reach $191.8 million by 2030, rising at a market growth of 7.6% CAGR during the forecast period. In the year 2022, the market attained a volume of 17,804.5 thousand Units (Per 7-9 OZ) experiencing a growth of 5.8% (2019-2022).
The Classic segment is generating the highest revenue in the Global Vegan Dips Market by Flavors in 2022; thereby, achieving a market value of $78.4 Million by 2030. While there has been a surge in innovative and unique flavor profiles within the vegan food sector, classic flavors often remain popular. Classic flavors like hummus or guacamole appeal to a broad consumer base, including those who are new to vegan products or who prefer familiar tastes. As a result, there will be increasing growth in the segment.
The Sachets & Pouches segment is experiencing a CAGR of 8.3% during (2023 - 2030). The growing number of health-conscious consumers is propelling the expansion of the plant-based and vegan food sector. Vegan dips in small sachets may align with the mindful eating trend, allowing consumers to enjoy a portion-controlled, healthier snack. These aspects will pose lucrative growth prospects for the segment.
The Salsa segment is registering maximum revenue in the Global Vegan Dips Market by Type in 2022; thereby, achieving a market value of $62.3 Million by 2030. An increasing number of health-conscious consumers are actively seeking out products derived from plants that do not contain any artificial preservatives or additives. Salsas made from fresh, natural ingredients can appeal to health-conscious consumers. Manufacturers are continuously innovating in flavors to cater to diverse consumer preferences. New and unique salsa flavors can attract consumers looking for exciting taste experiences. These factors will boost the demand in the segment.
The Convenience Stores segment would exhibit a CAGR of 7.8% during (2023 - 2030). Convenience stores cater to consumers looking for quick and on-the-go food options. Vegan dips that are ready-to-eat and suitable for snacking align with the convenience store model, making it easier for consumers to incorporate plant-based options into their busy lifestyles. These factors will help in the expansion of the segment.
The Europe region dominated the Global Vegan Dips Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $65.4 Million by 2030. The North America market is anticipated to grow a CAGR of 7.4% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 8% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/vegan-dips-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography (Volume, Thousand Units (Per 7-9 OZ), USD Million, 2019-2030)
Companies Profiled
Unique Offerings 
