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Popularity Of Exotic Condiments: A Guide to Lip-Smacking Offerings by Top 10 Dips and Spreads Companies

June 10, 2024 | Food & Beverages

Consumers under-45 the age group are more keen to try different ingredients and flavors. Flavor-driven, nutritious, and healthy dips and spreads are gaining popularity across the globe. Growing consumption of exotic dips and spreads among restaurants and households is boosting product sales. Increasing need to enhance the dining and snacking experience is driving the demand for the product.


Top Dips and Spreads Companies


As per a report by Fortune Business Insights™, the market for dips and spreads reached USD 85.6 billion in 2021 and is expected to reach a valuation of USD 132.2 billion in 2029 with a CAGR of 5.43% over 2022 to 2029. The market size stood at USD 91.3 billion in 2022.


Fortune Business Insights™ Profiles Top 10 Key Dips and Spreads Companies in the Market


1) The Kraft Heinz Company


Top Dips and Spreads Companies


The Kraft Heinz Company is one of the key food and beverage manufacturers across the globe. It offers condiments and sauces, dips and spreads, and frozen and chilled foods under around 200 renowned brands. The company is working hard to connect with consumers through personalized offers and interactions. The business emphasizes innovation and increasing its product portfolio, thus raising brand awareness.


In April 2022, the company introduced Heinz Dip & Crunch, which will enrich the burger-eating experience. With this offering, the business focuses on providing consumers with the flavors, formulations, and products they are looking for. It will benefit the company by boosting brand awareness among its consumers, thereby increasing brand reliability.


 


2) PepsiCo


Top Dips and Spreads Companies


A food and beverage producer based in the U.S., PepsiCo is creating a portfolio of brands, such as Cheetos, Lays, Gatorade, Doritos, Mountain Dew, Quaker, SodaStream, and Pepsi. It sells its dips and spread products under the Frito-Lay brand. By offering new products and acquisitions with other related companies, the business has increased its product portfolio.


Its product portfolio includes French onion dip, bean dip, hot bean dip, jalapeno cheddar cheese dip, and mild cheddar cheese dip. The company emphasizes increasing its consumer reach with new distribution channels.


In May 2020, PepsiCo introduced new direct-to-consumer offerings to provide food and beverage products and opened two websites, PantryShop.com and Snacks.com, to fulfil increased demand amid the pandemic.


 


3) McCormick & Company, Inc.


Top Dips and Spreads Companies


McCormick & Company, Inc. is a renowned processed and packaged food industry. It produces, distributes, and sells spices, condiments, dips and spreads, and other flavoring products to retail outlets, food service companies, and food producers. Its top production units are situated in Europe, China, and North America, and extra facilities are based in Central America, Thailand, South Africa, and Australia. The business concentrated on mergers and acquisitions to boost its market share.


In November 2020, McCormick and Company accomplished the USD 800 million acquisition of The Cholula Food Company Inc. from private equity firm L Catterton Partners. This acquisition supported the company in accelerating its market reach and consumer base.


 


4) Conagra Brands, Inc.


Top Dips and Spreads Companies


The U.S.-based top food and beverage product producer and supplier, Conagra Brands, has a separate brand under which it sells 12 dip and spread products. These 12 products meet the flavor and taste needs of consumers. Conagra Brands, Inc. is one of the top dips and spreads companies which reigns globally with its international production facilities in Mexico and Canada and different domestic manufacturing units in 18 different regions. The company’s innovation center in Chicago concentrates on increasing its advanced research and development and innovations regarding snacking.


In 2019, Conagra Brands, Inc. declared the development of an innovation center in Chicago.


 


5) Campbell Soup Company


Top Dips and Spreads Companies


Headquartered in the U.S., Campbell Soup Company has a robust brand portfolio of meals and beverages and a range of products, assisting the business in achieving more loyal consumers and boosting its market position. The company works in around 150 countries and produces and sells all its products under various brands. The company has a prominent position on the North American continent and has production units in 24 countries globally. The company offers customized solutions and foods for several segments, such as restaurants and specialty coffee shops.


 


6) Wingreens Farms Private Limited


Top Dips and Spreads Companies


An Indian company, Wingreens Farms Private Limited, offers snacks, dips and spreads, and many food items. It has a total of 8 brands with well-established brands, including Basil Pesto Dip, Garlic Dip, Dill Tzatziki Dip, Tandoori Hummus Dip, Mint Cucumber Greek Goddess Dip and Spread, and Chipotle Dip. With 22 dip and spread products, the company meet the taste, flavor, and quality demands of customers. The business is renowned for its dips and spreads and also focuses on offering fresh and ethically produced products to consumers. The company has a dedicated e-commerce D2C platform and also an offline channel to fulfil consumer requirements.


 


7) Sandridge Food Corporation


Top Dips and Spreads Companies


Founded in 1960, Sandridge Food Corporation is the U.S.-based leading food and beverage company that produces and distributes its products under the brand name Buffalo Style Chicken Dip, Leon’s Spinach Dip, Queso Cheese Dip with Jalapenos, Southern Style Pimento Cheese Spread, and Spinach Artichoke Dip. It manufactures products for the food service and retail sectors. It concentrates on developing more efficient manufacturing facilities by integrating innovative technologies.


In April 2022, Sandridge Food Corporation declared its advanced High-Pressure Processing (HPP) system at its facility in Ohio.


 


8) Veeba Foods


Top Dips and Spreads Companies


One of the top dips and spreads companies, Veeba Foods is situated in India, is famous for manufacturing dips and spreads and its production facility is certified with the FSSC22000 certificate. It has a strong distribution network, consistency in maintaining product quality, and constant innovation. The e-commerce sales have fostered its growth and have increased its geographical footprint. Through 12 different segments, the company provides several options to their customers. It aims to introduce organic dips and add this advanced product to its portfolio in the coming years.


 


9) AVT Gavia Foods Pvt. Ltd.


Top Dips and Spreads Companies


A well-established convenience food product supplier named AVT Gavia Foods Pvt. Ltd. sells its products under two brands: Salsalito and MEXIKANA. The production unit of AVT Gavia Foods Pvt Ltd. is located at Ranipet, SIPCOT area, India, with crucial custom machinery for manufacturing various food items by implementing innovative technologies. The company is embracing different certifications to boost the quality of its products and market share. The company has worked hard to get registered with a State FSSAI license and Central FSSAI license that assures that every single process is compliant with governmental regulations and norms.


 


10) Greendot Health Foods Pvt Ltd


Top Dips and Spreads Companies


An Indian company, Greendot Health Foods Pvt Ltd, is operating in the FMCG industry and is known as the first company to introduce Nacho Crisps (Tortilla) in the Indian branded snack food market. With its brand Cornitos - Nacho Crisps, the business initially entered the Indian snack market. Cornitos products are exported to several countries, such as Australia, Singapore, China, and more. It concentrates on increasing brand awareness and customer loyalty by expanding its product portfolio.


In April 2022, by introducing a new range of dips, such as Avocado Pulp and Dip, Greendot Health Foods Pvt Ltd.'s brand Cornitos increased its product portfolio.


Implementation of Higher-Pressure Processing Techniques to Increase Product Shelf Life


Increased urbanization and changing eating habits are boosting the demand for healthy, nutritious, and more delicious foods. The growing popularity of exotic condiments in dining at restaurants and at home is pushing producers to take initiatives toward innovating technological assets to meet rising consumer demands. Leading dips and spreads companies focus on higher-pressure processing techniques to increase the shelf life of dips and spreads.

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