Industry Analysis & Industry Trends
The Condiments and Seasoning Manufacturing industry has emerged strongly from the drizzle of economic malaise over the past five years. 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 borderline essential nature of many of the industry products has secured industry profitability over the past five years, but revenue growth has been inspired by product alterations and intense competition. Some brands operating in the industry have been in production since the 1800's, accruing enormous brand power through traditional consumption... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Condiments and Seasoning Manufacturing industry is characterised by a low level of concentration, with the top four players estimated to account for 25.8% of industry revenue in 2013-14. This compares with a substantially lower level of market concentration in 2006-07, when the top four players accounted for just over 21% of revenue. Concentration increased in the later part of the period as a result of accelerated growth from several major companies.
The low levels of concentration are brought about due to the industry not yet requiring a huge investment in capital to get started. Although some of the world's larger food brands control sizable shares of the market there is still potential for smaller operations to enter and be successful in the industry... purchase to read more