Industry Statistics and Trends
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 0.1 % over the past five years, to reach an estimated £2.6bn in 2024.
Trends and Insights
Input prices slow down as inflation eases
- Rising production costs since 2021-22 due to supply chain disruption triggered by geopolitical conflict have created obstacles for many manufacturers over the last two years. When production costs increase companies raise prices to mitigate growing costs.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Economic improvement can boost demand via on sale market
- Condiment manufacturers typically serve the on-trade market, supplying hotel restaurants, fast-food chains and gourmet dining establishments. For example, brands like Heinz provide ketchup to fast-food chains like KFC. The recent cost-of-living crisis has decreased demand as more consumers ate at home in 2022-23 and 2023-24.
Biggest companies in the Condiments & Seasoning Manufacturing in the UK
| Company | Market Share (%)
2025 | Revenue (£m)
2025 |
|---|---|---|
McCormick (UK) Ltd | 196.9 | |
H J Heinz Manufacturing UK Ltd | 117.5 | |
AB World Foods Ltd | 110.6 |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Mixed sauces and seasonings , Mayonnaise and Salt. Mixed sauces and seasonings is the largest segment of the Condiments & Seasoning Manufacturing in the UK.
Trends and Insights
Mixed sauces and seasonings make up the bulk of the market
- This segment includes popular condiments like mustard, brown sauce, chutneys and pasta sauces.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Enterprises in this industry convert a variety of raw ingredients into packaged, ready-to-use condiments, seasonings and cooking sauces. This includes spices, sauces and garnishes like mayonnaise, mustard powder, prepared mustard and vinegar. The processing of salt into table salt is also included in the industry.
What's included in this industry?
Mixed sauces and seasoningsSpicesTomato saucesMayonnaiseSaltVinegarCompanies
McCormick (UK) LtdH J Heinz Manufacturing UK LtdAB World Foods LtdPurchase this report to view all 5 major companies in this industry.
Related Terms
WHOLESALE BYPASSCONDIMENTSEASONINGIndustry Code
SIC 10.84 - Condiments & Seasoning Manufacturing in the UK
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Rising health consciousness reshapes recipes. In response to increased awareness of health problems associated with high sugar and salt content, brands are switching up their...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Health concerns cut ketchup sales. Rising awareness about tomato sauce's high salt and sugar content, alongside growing preferences for healthier foods and unique flavours, i...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
London's diversity lures condiment manufacturers. The city's cosmopolitan population offers a vast palette of flavours to cater to, while its efficient transport network allo...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Price and innovation are critical to staying competitive. Condiment and seasoning producers compete heavily on pricing, especially when selling to retailers, but also have to...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
McCormick adapts to evolving consumer tastes. The company has accelerated the launch of new products catering to diverse tastes and dietary needs, serving up novel flavours t...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of McCormick (UK) Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of H J Heinz Manufacturing UK Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of AB World Foods Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 2 additional companies
Detailed analysis
- Description and key data for McCormick (UK) Ltd, and factors influencing its performance in the industry
- Description and key data for H J Heinz Manufacturing UK Ltd, and factors influencing its performance in the industry
- Description and key data for AB World Foods Ltd, and factors influencing its performance in the industry
- Description, key data and performance trends for 2 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Food safety regulations ensure consumers' well-being. They set strict guidelines to prevent the sale of harmful or misleadingly represented condiments and seasonings, protect...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Inflated prices put pressure on profit. Condiments and seasoning manufacturers are looking at weaker returns as a result of supply chain problems pushing up food prices, lead...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2018-2022)
- Coverage Ratios (2018-2022)
- Leverage Ratios (2018-2022)
- Operating Ratios (2018-2022)
- Assets (2018-2022)
- Liabilities (2018-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Condiments & Seasoning Manufacturing in the UK industry in United Kingdom in 2024?
The market size of the Condiments & Seasoning Manufacturing in the UK industry in United Kingdom is £2.6bn in 2024.
How many businesses are there in the Condiments & Seasoning Manufacturing in the UK industry in 2024?
There are 336 businesses in the Condiments & Seasoning Manufacturing in the UK industry in United Kingdom, which has grown at a CAGR of 6.7 % between 2019 and 2024.
Has the Condiments & Seasoning Manufacturing in the UK industry in United Kingdom grown or declined over the past 5 years?
The market size of the Condiments & Seasoning Manufacturing in the UK industry in United Kingdom has been declining at a CAGR of 0.1 % between 2019 and 2024.
What is the forecast growth of the Condiments & Seasoning Manufacturing in the UK industry in United Kingdom over the next 5 years?
Over the next five years, the Condiments & Seasoning Manufacturing in the UK industry in United Kingdom is expected to grow.
What are the biggest companies in the Condiments & Seasoning Manufacturing in the UK market in United Kingdom?
The biggest companies operating in the Condiments & Seasoning Manufacturing market in United Kingdom are McCormick (UK) Ltd, H J Heinz Manufacturing UK Ltd and AB World Foods Ltd
What does the Condiments & Seasoning Manufacturing in the UK in United Kingdom include?
Mixed sauces and seasonings and Spices are part of the Condiments & Seasoning Manufacturing in the UK industry.
Which companies have the highest market share in the Condiments & Seasoning Manufacturing in the UK in United Kingdom?
The company holding the most market share in United Kingdom is McCormick (UK) Ltd.
How competitive is the Condiments & Seasoning Manufacturing in the UK industry in United Kingdom?
The level of competition is moderate and increasing in the Condiments & Seasoning Manufacturing in the UK industry in United Kingdom.
Related Industries
Widen your competitive advantage with related industries
Competitors
- Sugar Production in the UK
Complementors
- Potato Crisps & Snacks Production in the UK
- Prepared Meal Manufacturing in the UK
- Coffee, Tea & Spices Wholesaling in the UK
International industries
- Seasoning, Sauce and Condiment Production in the US
- Hot Sauce Production in the US
- Peanut Butter Production in the US
- BBQ Sauce Production in the US
- Seasoning, Sauce and Condiment Production in Canada
View all industries in United Kingdom
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the UK include:
- Office for National Statistics
- Office for Budget Responsibility
- Bank of England
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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