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 SWOT Analysis Chapter
IBISWorld classifies the Condiments and Seasoning Manufacturing industry into the mature stage of its life cycle. The majority of products are fixed in demand and consolidation activity is taking place. The value that the industry adds to the overall economy is expected to grow at a compound annual rate of 2.7% over the 10 years through 2019-20, higher than the compound annual growth rate of 2.1% that IBISWorld forecasts for GDP. The industry's share of GDP is growing a small amount because of a switch in demand back to more expensive branded products, but this is only a temporary effect. It is expected to cool off over the next five years, when industry operators are likely to struggle against an overcrowded market and ever cheaper supermarket goods... purchase to read more