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Dips and Spreads Market Trends

Report ID: GMI6388
Published Date: Aug 2023
Report Format: PDF

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Dips and Spreads Market Trends

Consumers increasingly sought healthier options in dips and spreads, leading to a rise in demand for products made from natural and nutritious ingredients. Brands responded by offering dips and spreads with lower fat, salt, and sugar content and incorporating functional ingredients like plant-based proteins, superfoods, and probiotics. The plant-based and vegan movement continued to gain momentum, driving the demand for dips and spreads made from plant-derived ingredients. Plant-based options such as hummus, guacamole, and nut-based spreads gained popularity among consumers looking for sustainable and animal-free alternatives.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

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.

The hummus product segment reached USD 23.8 billion in 2022, owing to the surging need for healthier alternative to traditional spreads.

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.

Sabra Dipping Company, LLC (USA), The Kraft Heinz Company (USA), Conagra Brands, Inc. (USA), Nestlé S.A. (Switzerland), Hormel Foods Corporation (USA), General Mills, Inc. (USA), PepsiCo, Inc. (USA), and Stonewall Kitchen, LLC (USA) are some major dips and spreads providers.