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 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