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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 | Jun 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
1.3%
Annual Growth 14-19
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Profit
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Employment
32,746
Businesses
613
Industry Analysis & Industry Trends

Operators in the Seasoning, Sauce and Condiment Production industry produce items such as mayonnaise, dressing, spices, extracts and dry food mixes using a variety of ingredients. Industry revenue grew over the past five years, supported by a strengthening domestic economy and disposable income levels, which allowed consumers to trade up to branded and premium goods. However, habits formed during the recession carried on throughout this five-year period, exhibited by the strength of generic brands. Furthermore, the industry is projected to grow modestly over the next five years. This is because as the economy continues to recover, household disposable income is expected to rise, causing demand for industry products to grow at the retail level... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Seasoning, Sauce and Condiment Production industry is in the mature stage of its life cycle. Over the 10 years to 2019, industry value added (IVA), which measures an industry's contribution to the economy, is forecast to increase an annualized 1.5%. On the other hand, GDP is projected to grow 2.7% per year on average during the same period. Along with the industry's IVA, other factors such as the level of product innovation, mergers and acquisition activity and market acceptance of industry products point to the industry's maturity.

Given the limited opportunities for growth, operators stimulate demand by introducing new products. However, these new spices and sauces are generally not new products themselves, but rather incorporate new flavor combinations and packaging... 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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