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 - Industry Products Chapter
Mixed sauces and seasonings are by far the largest product segment owing to the capacity for firms to innovate and carve strong brand recognition through recipes. The dominance of this segment makes even widely used standard products such as salt and vinegar much smaller by comparison.
Combination sauces are the most valuable product for the industry, accounting for 69.3% of revenue. The range of sauces available on the British market has increased substantially over the past decade as tastes for a wide variety of flavours have swept the nation. Sauces that include a wider range of spices and chilli have become increasingly popular. Manufacturers have also developed new varieties of old favourites to appeal to a wider range of taste buds... purchase to read more