PUBLISHER: The Business Research Company | PRODUCT CODE: 1669563
PUBLISHER: The Business Research Company | PRODUCT CODE: 1669563
Dips and spreads, condiments crafted by blending diverse ingredients, serve to enhance the taste and texture of a variety of cuisines. These versatile condiments are employed to add flavor to an array of finger foods, including crackers, fresh vegetables, breads, shellfish, dumplings, and more.
The primary varieties of dips and spreads encompass chipotle, tomato, corn, black bean, jalapeno, and mayonnaise, among others. Chipotle, a smoked and dried chili pepper, finds widespread use in Mexican and Mexican-inspired recipes. These condiments cater to both household and food-service industrial applications, available for purchase through various distribution channels, both online and offline.
The dips and spreads market research report is one of a series of new reports from The Business Research Company that provides dips and spreads market statistics, including dips and spreads industry global market size, regional shares, competitors with dips and spreads market share, detailed dips and spreads market segments, market trends and opportunities, and any further data you may need to thrive in the dips and spreads industry. This dips and spreads market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The dips and spreads market size has grown strongly in recent years. It will grow from $103.86 billion in 2024 to $109.94 billion in 2025 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to culinary diversity, convenience and snacking culture, ethnic food integration, social gathering trends, ingredient quality awareness
The dips and spreads market size is expected to see strong growth in the next few years. It will grow to $142.19 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to functional ingredients, tech-driven distribution, clean label movement, convenience preferences. Major trends in the forecast period include zero-waste initiatives, plant-based spreads, customization and DIY kits, interactive consumer experiences, global fusion blends.
The expanding food and beverage industry is expected to drive the growth of the dips and spreads market in the future. This sector encompasses various businesses involved in the manufacturing, processing, packaging, transportation, and service of food and beverages. As consumer preferences and tastes evolve, there is a growing demand for convenient, ready-to-eat items that enhance the flavor of meals and snacks. For example, a report from the agriculture and agri-food department of a Canada-based government agency indicated that in 2022, exports of processed food and beverage products reached a record high of $54.3 billion, reflecting a 14.1% increase from the previous year and constituting 34.7% of the total production value. Therefore, the growth of the food and beverage industry is poised to significantly boost the dips and spreads market.
The rapid expansion of the chocolate industry is expected to boost the growth of the dips and spreads market in the future. The chocolate industry encompasses the production, processing, distribution, and sale of chocolate and related products. Dips and spreads enhance taste and texture while providing visually appealing contrasts in confectionery items. For example, a report from the National Confectioners Association in March 2024 indicated that confectionery sales reached $48 billion in 2023, largely driven by inflation. Over 98% of American consumers purchased chocolate, candy, gum, and mints that year, with sales during Valentine's Day, Easter, Halloween, and the winter holidays accounting for 64% of total confectionery sales. The report projects that U.S. confectionery sales will grow to $61 billion by 2028. Therefore, the rapid growth of the chocolate industry is significantly driving the dips and spreads market.
Product innovations are emerging as a prominent trend in the dips and spread market, with companies actively introducing new offerings to maintain their market positions. For instance, in May 2023, The Kraft Heinz manufacturer, a US-based food company, unveiled HEINZ REMIX, a groundbreaking customizable and IoT-enabled digital sauce dispenser device. This innovation allows customers to personalize their taste combinations, offering over 200 condiment pairings tailored for food-service clients. The product, featuring a free-standing design and touchscreen operation, empowers customers to select from various bases and customize their choices with enhancers at their preferred intensity level.
Major companies in the dips and spread market are dedicated to creating novel solutions to reinforce their market presence. In August 2022, Nature Nate's Honey Co., a US-based natural honey producer, introduced Whipped Honey in Original, Cinnamon, and Maple flavors. The Original Whipped Honey enhances charcuterie and cheese boards or serves as a topping for toast. Cinnamon Whipped Honey complements fruits and sweetens coffee, while Maple Whipped Honey offers a convenient natural substitute for maple syrup on pancakes and waffles.
In February 2024, The Compleat Food Group, a UK-based leading supplier of chilled foods to supermarket chains, acquired Zorba Foods for an undisclosed amount. This acquisition aims to enhance Compleat's portfolio in the private-label chilled party foods, dips, and deli fillings sectors. It is part of Compleat's strategy to strengthen its market position and drive innovation within these categories. Zorba Foods, based in South Wales, specializes in manufacturing a variety of dips, deli fillers, and soups, including traditional Greek houmous and an array of dips inspired by Greek, Tex-Mex, and Asian cuisines.
Major companies operating in the dips and spreads market include Nestle SA, PepsiCo Inc.(Frito-Lay), Tyson Foods Inc., Mars Inc., Mondelez International, Kraft Heinz Company, General Mills, Kellogg Company, Hormel Foods Corp., Conagra Brands Inc., Kerry Group, Campbell Soup Company, McCormick and Company Inc., Britannia Industries Limited, Sandridge Food Corporation, AVT Gavia Foods Pvt. Ltd., Frontera Foods Inc., Arizona Spice Company LLC, Desert Pepper Trading Company, Cornitos, Greendot Health Foods Pvt. Ltd., Wingreens Farms Pvt. Ltd., Veeba Food Services Private Limited, Sabra Dipping Company LLC, Salsalito
North America was the largest region in the dips and spreads market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the dips and spreads market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the dips and spreads market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The dips and spreads market consists of sales of peanut butter, hummus, mayonnaise, pesto, cheese spreads, and fruit spreads. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Dips and Spreads Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on dips and spreads market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for dips and spreads ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The dips and spreads market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.