Industry Analysis & Industry Trends
Unlike many industries, producers of seasonings, sauces and condiments fared well during the recession. Falling incomes prompted many consumers to cook and eat more of their meals at home, which increased demand for ingredients from the industry. While an increase in eating out will cause revenue to decelerate, demand from restaurants will soften the blow. Further, demand from time-poor consumers will pick up, causing sales of processed foods to rise... purchase to read more
Industry Report - Industry Products Chapter
Mayonnaise and sandwich spreads & salad dressings
Mayonnaise, sandwich spreads and salad dressings together make up just under one-fourth of the industry's revenue in 2012. These are the feature segments of this industry, and have experienced consistent growth over the past five years as Americans cooked at home more or prepared sandwiches to bring for meals instead of buying food from restaurants. Additionally, salads have grown in popularity throughout the past five years, both through retail and food service, because the increasingly health conscious population is turning to salads to include fresh vegetables in their diets.
Prepared sauces account for 19.0% of revenue in 2012... purchase to read more