Industry Analysis & Industry Trends
Operators in the Condiments and Seasoning Manufacturing industry convert a variety of raw ingredients into packaged, ready-to-use spices, sauces and garnishes. The non-discretionary nature of many of the industry's products has protected the industry from wider economic volatility to some extent. However, conditions were challenging at the start of the five-year period through 2015-16 owing to the lingering effects of the economic downturn. Since then, growing consumer confidence and consumer preferences trending towards more sophisticated flavours have spurred growth for industry operators. A focus on higher margin products has pushed up industry profit margins, while competition has encouraged innovative developments and advertisement campaigns... purchase to read more
Industry Report - Industry Locations Chapter
Industry establishments are fairly evenly distributed by region. As with most food manufacturing industries, built-up areas such as London have a small proportion of establishments relative to their populations because proximity to agricultural areas is more important than proximity to end consumers, and because the region's high land and wage costs are not justified by any advantage. As a result, London only accounts for an estimated 4.8% of industry establishments.
The East Midlands region accounts for the largest proportion of industry establishments, at 13.3%. The region's proximity to vegetable, herb and spice growing hotspots makes it an ideal location for facilities that manufacture condiments and seasoning as these make up the products' primary inputs... purchase to read more