Top 6 Companies Dominating the India Mayonnaise Market Landscape

The India mayonnaise market is projected to grow at a CAGR of 24.8% in the forecast period of 2024-2032. As per the analysis by Expert Market Research, the market is expected to be driven by the growing demand for convenience meals and fast-food chain expansion.

Mayonnaise finds application in convenience meals such as sandwiches, burgers, and other food products. Rapid urbanisation, product innovations, rising disposable incomes, surging preference for ready-to-eat foods, and the booming e-commerce sector are some of the key factors driving the market.

Another trend propelling the India mayonnaise market growth is the innovation in vegetarian or eggless, vegan, and organic mayonnaise. In 2023, 38% of the Indian population identified themselves as vegetarians, and India has the highest number of vegans in the world with nearly 574 million. Low-fat and no-fat mayonnaise are being developed to cater to the health-conscious consumer base as a result of growing concerns about the excessive fat content of mayonnaise.

The availability of a wide range of flavours, such as mint, cheese, chipotle, and sour, among others, is another factor contributing to the India mayonnaise market expansion. As a result, the development of distinctive tastes that suit customer preferences is fostering the market expansion.

The increasing launches of innovative-flavoured mayonnaise in the country are further propelling the market. For instance, in March 2022, a leading Indian FMCG company, Marico Limited, launched Saffola Mayonnaise and Saffola Peanut Butter to foray into the healthy spread segment. Saffola Mayonnaise is an eggless and healthy offering made from milk cream and is aimed at capitalising on customers’ demand for delicious yet healthy food products.

Top 6 Mayonnaise Companies in the World:

The Kraft Heinz Company

The Kraft Heinz Company has established its position as a prominent provider of high-quality mayonnaise. Apart from selling classic mayonnaise, the company is continuously innovating flavours, especially spicy ones, to satisfy Indian consumer preferences. Iconic brands such as Heinz, Kraft, Oscar Mayer, and Philadelphia come under this company.

Dr. August Oetker Nahrungsmittel KG

Dr. August Oetker is a prominent market leader who has established a reputation in the food sector. The company provides mayonnaise, sandwich spreads, and chocolate spreads. Distinct mayonnaise flavours, such as garlic and olive oil, come under this brand’s product portfolio.

Veeba Foods

Veeba Foods is one of the leading mayonnaise brands and sauce producers in India. The company’s product portfolio includes oriental sauces and chutneys, mayonnaise, sandwich spread, sauces, dips, and peanut butter. The company offers veg mayonnaise with innovative flavours such as tandoori mayonnaise, garlic mayonnaise, burger mayonnaise, olive oil, mint, and other distinct flavours.

DEL MONTE (FieldFresh Foods Private Limited)

DEL MONTE (FieldFresh Foods Private Limited) is a market leader in providing superior-quality products. The company has expertise in the production of sauces, dips, and mayonnaise. Additionally, the product portfolio includes Italian olive oil, beverages and ready-to-eat products, canned fruits, and packed vegetables. Del Monte’s eggless mayo is one of their bestselling products.

Cremica Food Industries Ltd.

Cremica is renowned for its cutting-edge standards, inventive recipes, and products that are focused on health. For retail and food service clients, Cremica produces premium condiments, Indian gravies/curries, tomato ketchup, sauces, sandwich spreads, mayonnaise, sandwich mayonnaise, toppings, salad dressings, and olive oil-based Opera Crisps.

Wingreens Farms Private Limited

Wingreens Farms is a company that is engaged in the manufacturing and marketing of dips and spreads, sauces and mayos, snacks, and beverages. The brand offers mayonnaise with distinct flavours such as mint, sriracha, garlic, Italian herbs, wasabi, and others. The company's best-selling products include tandoori Mayo, pizza and pasta sauce and beverages such as coconut water.