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Seasoning, Sauce and Condiment Production in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Seasoning, Sauce and Condiment Production Market Research Report | NAICS 31194 | Nov 2014

In season: Increasing disposable income and the new healthy products will drive industry demand

IBISWorld’s Seasoning, Sauce and Condiment Production market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$19bn
Annual Growth 09-14
1.1%
Annual Growth 14-19
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Profit
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Employment
32,303
Businesses
662
Industry Analysis & Industry Trends

The Seasoning, Sauce and Condiment Production industry revenue grew over the past five years, as a result of increased demand for its products and a rise in per capita disposable income. However, due to higher input costs, manufacturers raised their product prices to maintain earnings, which led to restrained revenue growth during the period. In the five years to 2019, the industry is expected to grow at a slightly faster pace than the previous five years. Higher disposable income levels will drive demand as consumers dine out more and purchase more products at the retail level. In addition, new products and clever marketing strategies will drive revenue growth... purchase to read more

Industry Report - Starting a New Business Chapter

Overall, the barriers to entry in the Seasoning, Sauce and Condiment Production industry are low and depend on the scale of production the entrant is pursuing. The scale of production determines the level of capital, technology and labor required to begin production. If a new entrant aims to compete with mid- to large-sized producers from the start they need to secure enough capital to invest heavily in facilities, machinery and equipment. Those that cannot afford these initial investments would be unable to enter the industry.

One of the leading challenges new entrants face is the well-entrenched position of the industry's larger players, especially McCormick, which is expected to capture 8.6% of the market in 2014... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Seasoning, Sauce and Condiment Production Industry?

This industry manufactures products such as mayonnaise, dressings, spices, extracts and dry food mixes from a variety of ingredients. Industry products are then sold to downstream wholesalers, food manufacturers and retail markets. Ketchup and other tomato-based sauces are excluded because they are part of the Canned Fruit and Vegetable Processing industry (IBISWorld report 31142).

Industry Products
Mayonnaise, salad dressings and sandwich spreadsPrepared sauces (excluding tomato)Dry mix food preparationsFlavoring extracts, emulsions, liquid flavors, colorings and vinegarSalt, pepper and spices
 
Industry Activities
Manufacturing mayonnaiseManufacturing salad dressingManufacturing vinegarManufacturing mustardManufacturing horseradishManufacturing soy sauceManufacturing salt and seasoningsManufacturing flavoring extracts (except coffee and meat) and colorings


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