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 Key Buyers Chapter
The Condiments and Seasoning Manufacturing industry is characterised by a moderate level of concentration, with the top four players expected to account for 54.4% of industry revenue in 2014-15. Concentration has increased over the past five years. As the economy's recovery has put more disposable income in consumers' pockets, consumers have traded up from own-label goods to branded products, and this has benefited large companies, particularly Heinz, the most. Sales of sauces and condiments rely more on a perception of taste and quality among consumers than most other food products. This makes brands particularly powerful in this segment, acting as a significant barrier to success for newer firms... purchase to read more