Industry Analysis & Industry Trends
The Condiments and Seasoning Manufacturing industry has emerged strongly from the economic downturn suffered during the past five years. The global economic collapse took its toll on the industry early in the period, although this was mitigated by a boost in the number of meals prepared and eaten at home. Many industry products are perceived as essential, meaning that profit margins never fell far. Revenue growth has been supported by product alterations and intense competition. Some brands operating in the industry have been in production since the 19th century, accruing enormous brand power through traditional consumption.
Recently, the threat from supermarket retailers has increased, bringing cheaper own-label condiments and seasoning... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry for the Condiments and Seasoning Manufacturing industry are at a medium level. The number of companies in the industry has decreased from 124 in 2009-10 to 112 in 2014-15. This is a compound annual decrease of 2% over the past five years, which indicates that the market is saturated and operators are looking to consolidate. This is prohibitive for new entrants as it suggests demand is well catered for. Barriers to entry include the medium level of capital intensity and the low level of industry assistance, both of which mean that it can be expensive for new entrants to set up manufacturing operations. On the other hand, this could be offset to some extent by the light level of regulation and policy associated with the industry... purchase to read more