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 Analysis Chapter
The Condiments and Seasoning Manufacturing industry developed a taste for growth over the past five years following contraction during the recession. The economic collapse resulted in many companies in the industry, both big and small, refocusing their product lines to maximise profit margins. The recession hangover caused a contraction in 2009-10, but the industry grew strongly in all other years and is expected to do so again during 2014-15. The industry had been defined by the spread of own-label products offered by supermarkets. Early in the period, brands struggled to compete against cheaper supermarket products in the depressed income climate. Since then, however, branded products have been revitalised by increased consumer confidence... purchase to read more