Industry Analysis & Industry Trends
The Condiments and Seasoning Manufacturing industry has been affected by a challenging five-year period. Two strong revenue declines at the start of the period have been followed by three years of growth, although this has not been strong enough to completely recover the losses. Over the five years through 2012-13, industry revenue is expected to grow by 2.4% per annum to £1.26 billion. The global economic collapse and subsequent slow recovery have taken a toll, although these events also provided a boost by increasing the number of meals prepared and eaten at home.
The number of products offered by the industry has grown considerably over the past few decades, with Britons eating increasingly spicy foods... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry for the industry are at a medium level and steady. The number of companies in the industry has increased from 95 in 2007-08 to 115 in 2012-13. This is an increase of 3.9% per annum, which indicates that there has been reasonable growth potential for new entrants in the market. Industry concentration is at a low level, with the top four players accounting for just over 35% of industry revenue. However, the level of competition is medium given that industry concentration has increased over the past five years and that several major players are parts of global food companies, which gives them the advantage of scale economies and greater market access around the world... purchase to read more