Global Marinades Market – Industry Trends and Forecast to 2028

Market Analysis and Insights : Global Marinades Market

Data Bridge Market Research analyses that the global marinades market will project a CAGR of 2.0% for the forecast period of 2021-2028. Growth and expansion of the food and beverages industry, ever-rising population around the globe, rising consumer consciousness towards high quality and nutritional food items, surging consumption of meat and meat products especially in the developing economies and increasing personal disposable income by the major companies are the major factors attributable to the growth of marinades market. Therefore, the market value, which was USD 16 billion in 2020, would rocket up to USD 18.74 billion by 2028.

Marinades are used in the process of marinating and creating a flavored liquid in which the food items such as meat products are soaked prior to cooking them. Marinades are used over food items in raw forms and water, oil, wine, beer, liquor, sauce are commonly used marinades. Marinades add to the end value of the food products and evolve and improve the taste. However, marinades are different from sauces and the two must not be confused. Sauces are thick liquids while marinades are thin liquid solutions.     

Shifting tastes and preferences and rising globalization are the major factors fostering the growth of the marinades market. Changing and evolving lifestyle, growth in the penetration of e-commerce platforms especially in the developing economies, growing influence of western cuisine along with rising number of restaurants, hotels and cafes and rising focus of the manufacturers on the launch of new and innovative products are other important factors acting as marinades market growth determinants. Rising fondness for Indian and Thai curries, surging demand for ingredients which add value to the final product and rise in the demand for barbequed products by the consumers globally will further induce growth in the marinades market value.

However, fluctuations in the cost of production due to various factors will pose a major challenge to the growth of the marinades market. Growing incidences of obesity will also hamper the marinades market growth rate. Growing negative perception towards saturated fats and high cholesterol food items will yet again derail the marinades market growth rate.

This marinades market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on marinades market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Marinades Market Scope and Market Size

The marinades market is segmented on the basis of packaging type, application, and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• Based on the packaging type, the global marinades market is segmented into glass bottles, squeeze bottles, sachets, jars and others.
• On the basis of application, the global marinades market is segmented into dressings, soups and gravies, pasta and noodles, ready-to-eat meals and others.
• On the basis of distribution channel, the global marinades market is segmented into store based distribution channel and non- store based distribution channel. Store based distribution channel segment is sub-segmented into supermarkets, convenience stores, general stores, hypermarket, specialty stores, discounters, forecourt retailers and others. Non- store based distribution channel segment is sub-segmented into online retailing.

Marinades Market Country Level Analysis

The marinades market is analyses and market size, volume information is provided by country, packaging type, application, and distribution channel as referenced above.

The countries covered in the marinades market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).

Europe region dominates the marinades market and will continue to during the forecast period owing to the strong demand for quick food recipes and ethnic cuisines among the consumers. Asia-Pacific is set to undergo substantial gains and score the highest CAGR for this period owing to the growth and expansion of food and beverages industry, changing tastes and preferences, increased consumption of meat and meat products, rising urbanization and westernization and increasing personal disposable income.   

The country section of the marinades market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Marinades Market Share Analysis

The marinades market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to marinades market.

The major players covered in the marinades market report are Frito-Lay North America, Inc., The Kraft Heinz Company, Cargill, Incorporated, General Mills Inc., Nestlé, Unilever, Conagra Brands, Inc., Kroger, Walmart., CAMPBELL SOUP COMPANY., Mars, Incorporated, Hormel Foods Corporation., McCormick & Company, Inc., F.lli Saclà S.p.A., Levi Roots Reggae Reggae Foods Ltd, Coles Supermarkets Australia Pty Ltd, McIlhenny Company., The J.M. Smucker Company., Nando’s and An Aubs Company among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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