Summary

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 $98.02 billion in 2023 to $103.86 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historical period can be credited to the prevalence of diverse culinary offerings, the rise of convenience and snacking culture, the integration of ethnic foods, trends in social gatherings, and increased awareness of ingredient quality.

The dips and spreads market size is expected to see strong growth in the next few years. It will grow to $132.1 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The anticipated growth in the forecast period can be linked to the adoption of functional ingredients, the influence of technology-driven distribution, the clean label movement, and the preference for convenience. Key trends expected in the forecast period include the implementation of zero-waste initiatives, the emergence of plant-based spreads, the popularity of customization and DIY kits, interactive consumer experiences, and the incorporation of global fusion blends.

The anticipated growth in the dips and spreads market is expected to be driven by the expanding food and beverage industry. This industry encompasses a diverse range of enterprises involved in the manufacturing, processing, packaging, transportation, and service of food and beverages. With varied customer preferences and tastes, there is a growing demand for convenient, ready-to-eat items that enhance the flavor of meals and snacks within the thriving food and beverage sector. For instance, in March 2021, based on data from Statistics Canada and farm credit Canada (FCC), food and beverage manufacturing sales witnessed a 3.5% year-over-year (YoY) increase in 2020, reaching $122.9 billion from $118.7 billion. Additionally, a report by the Food and Drink Federation in July 2022 revealed that the processed food and beverage industry achieved a turnover of $119.63 billion (£112bn) in 2021, marking a 3.4% increase since 2020 and accounting for 20% of the total UK manufacturing. Hence, the growing food and beverage industry is poised to be a key driver for the dips and spreads market.

The dynamic expansion of the chocolate industry is expected to contribute significantly to the growth of the dips and spreads market. The chocolate industry encompasses various activities related to the production, processing, distribution, and sale of chocolate and chocolate-related products. Dips and spreads play a crucial role in enhancing the taste and texture of confectionery items, creating visually appealing contrasts. For example, data from the Center for the Promotion of Imports from developing countries, published in December 2022, indicated a substantial increase in global cocoa bean grinding activities, totaling an estimated 4,973 thousand tons in the cocoa year 2020–2021, marking a 5.7% rise over 2019–2020. Therefore, the rapid growth of the chocolate industry is expected to be a driving force behind the expansion of 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 June 2021, The Hershey Company, a US-based chocolate manufacturer, completed the acquisition of Lily's Sweets LLC for $425 million. This strategic move aims to integrate Lily's popular low-sugar products into Hershey's comprehensive better-for-you snacking strategy, enhancing its existing portfolio of iconic BFY (Better For You) offerings. Lily's Sweets LLC, based in the US, specializes in confectionery products, including spreads.

Major companies operating in the dips and spreads market report are Nestlé SA, PepsiCo Inc.(Frito-Lay), Tyson Foods Inc., Coca Cola Co., 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 2023. 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.

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Table of Contents

1. Executive Summary
2. Dips and Spreads Market Characteristics
3. Dips and Spreads Market Trends And Strategies
4. Dips and Spreads Market - Macro Economic Scenario
4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market
5. Global Dips and Spreads Market Size and Growth
5.1. Global Dips and Spreads Market Drivers and Restraints
5.1.1. Drivers Of The Market
5.1.2. Restraints Of The Market
5.2. Global Dips and Spreads Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Dips and Spreads Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Dips and Spreads Market Segmentation
6.1. Global Dips and Spreads Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Chipotle
Tomato
Corn
Black Bean
Jalapeno
Mayonnaise
Other Types
6.2. Global Dips and Spreads Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Household
Foodservice Industry
6.3. Global Dips and Spreads Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Online
Offline
7. Dips and Spreads Market Regional And Country Analysis
7.1. Global Dips and Spreads Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Dips and Spreads Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Dips and Spreads Market
8.1. Asia-Pacific Dips and Spreads Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Dips and Spreads Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Dips and Spreads Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Dips and Spreads Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Dips and Spreads Market
9.1. China Dips and Spreads Market Overview
9.2. China Dips and Spreads Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Dips and Spreads Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Dips and Spreads Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Dips and Spreads Market
10.1. India Dips and Spreads Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Dips and Spreads Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Dips and Spreads Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Dips and Spreads Market
11.1. Japan Dips and Spreads Market Overview
11.2. Japan Dips and Spreads Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Dips and Spreads Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Dips and Spreads Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Dips and Spreads Market
12.1. Australia Dips and Spreads Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Dips and Spreads Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Dips and Spreads Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Dips and Spreads Market
13.1. Indonesia Dips and Spreads Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Dips and Spreads Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Dips and Spreads Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Dips and Spreads Market
14.1. South Korea Dips and Spreads Market Overview
14.2. South Korea Dips and Spreads Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Dips and Spreads Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Dips and Spreads Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Dips and Spreads Market
15.1. Western Europe Dips and Spreads Market Overview
15.2. Western Europe Dips and Spreads Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Dips and Spreads Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Dips and Spreads Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Dips and Spreads Market
16.1. UK Dips and Spreads Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Dips and Spreads Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Dips and Spreads Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Dips and Spreads Market
17.1. Germany Dips and Spreads Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Dips and Spreads Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Dips and Spreads Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Dips and Spreads Market
18.1. France Dips and Spreads Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Dips and Spreads Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Dips and Spreads Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Dips and Spreads Market
19.1. Italy Dips and Spreads Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Dips and Spreads Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Dips and Spreads Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Dips and Spreads Market
20.1. Spain Dips and Spreads Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Dips and Spreads Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Dips and Spreads Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Dips and Spreads Market
21.1. Eastern Europe Dips and Spreads Market Overview
21.2. Eastern Europe Dips and Spreads Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Dips and Spreads Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Dips and Spreads Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Dips and Spreads Market
22.1. Russia Dips and Spreads Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Dips and Spreads Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Dips and Spreads Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Dips and Spreads Market
23.1. North America Dips and Spreads Market Overview
23.2. North America Dips and Spreads Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Dips and Spreads Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Dips and Spreads Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Dips and Spreads Market
24.1. USA Dips and Spreads Market Overview
24.2. USA Dips and Spreads Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Dips and Spreads Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Dips and Spreads Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Dips and Spreads Market
25.1. Canada Dips and Spreads Market Overview
25.2. Canada Dips and Spreads Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Dips and Spreads Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Dips and Spreads Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Dips and Spreads Market
26.1. South America Dips and Spreads Market Overview
26.2. South America Dips and Spreads Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Dips and Spreads Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Dips and Spreads Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Dips and Spreads Market
27.1. Brazil Dips and Spreads Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Dips and Spreads Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Dips and Spreads Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Dips and Spreads Market
28.1. Middle East Dips and Spreads Market Overview
28.2. Middle East Dips and Spreads Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Dips and Spreads Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Dips and Spreads Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Dips and Spreads Market
29.1. Africa Dips and Spreads Market Overview
29.2. Africa Dips and Spreads Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Dips and Spreads Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Dips and Spreads Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Dips and Spreads Market Competitive Landscape And Company Profiles
30.1. Dips and Spreads Market Competitive Landscape
30.2. Dips and Spreads Market Company Profiles
30.2.1. Nestlé SA
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. PepsiCo Inc. (Frito-Lay)
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Tyson Foods Inc.
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Coca Cola Co.
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Mars Inc.
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Dips and Spreads Market Other Major And Innovative Companies
31.1. Mondelez International
31.2. Kraft Heinz Company
31.3. General Mills
31.4. Kellogg Company
31.5. Hormel Foods Corp.
31.6. Conagra Brands Inc.
31.7. Kerry Group
31.8. Campbell Soup Company
31.9. McCormick and Company Inc.
31.10. Britannia Industries Limited
31.11. Sandridge Food Corporation
31.12. AVT Gavia Foods Pvt. Ltd.
31.13. Frontera Foods Inc.
31.14. Arizona Spice Company LLC
31.15. Desert Pepper Trading Company
32. Global Dips and Spreads Market Competitive Benchmarking
33. Global Dips and Spreads Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Dips and Spreads Market
35. Dips and Spreads Market Future Outlook and Potential Analysis
35.1 Dips and Spreads Market In 2028 - Countries Offering Most New Opportunities
35.2 Dips and Spreads Market In 2028 - Segments Offering Most New Opportunities
35.3 Dips and Spreads Market In 2028 - Growth Strategies
35.3.1 Market Trend Based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer