Industry Analysis & Industry Trends
Despite recessionary setbacks, the industry is heating up as higher product prices and increased consumer spending boost revenue in the next five years. Supported by an expanding Hispanic population, the industry's core market, salsa producers are anticipated to continue rolling out new flavors, packaging and marketing campaigns to extend their reach into less-saturated areas, including export markets.... purchase to read more
Industry Report - Industry Investment Chapter
The Pre-Made Salsa Production industry is moderately capital intensive because, while many smaller companies are expanding facilities and purchasing equipment, established producers must also maintain existing industrial equipment. As a result, the industry spends an average $0.14 on capital for every dollar it spends on labor.
The industry is forecast to become more labor intensive, however, as competition forces companies to invest more heavily in skilled workers. Companies are expected to create positions in marketing and sales departments. The average wage is anticipated to climb at an annualized 3.3% pace in the five years to 2017, resulting in wages accounting for a greater share of revenue, from 22.2% in 2012 to 23.7% in 2017... purchase to read more