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Seasoning and Dressing Manufacturing Industry Profile Excerpt
| SIC Codes: 2035, 2082, 2087, 2089, 2099, 2899 NAICS Codes: 31194 Page Length: 10-12 Last Quarterly Update: 8/11/2008 View Sample Industry Profile |
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The seasoning and dressing manufacturing industry includes about 600 companies with combined annual revenue of $13 billion. Major companies include Kraft, Heinz, and McCormick. The industry is concentrated: the top 50 companies account for over 60 percent of industry revenue.
The seasoning and dressing manufacturing industry includes companies that make spices, dry gravy mixes, seasoning mixes, salad dressings, sauces, and natural extracts. The industry doesn't include companies that make tomato-based sauces (including pasta sauce, ketchup, and salsa) or pourable gravies.
COMPETITIVE LANDSCAPE
Demand is driven by consumer tastes and health considerations. The profitability of individual companies depends on efficient operations, effective marketing, and a strong sales force. Large companies have advantages in purchasing, distribution, and marketing. Small operations can compete effectively by manufacturing exotic sauces, sourcing and selling rare herbs, or formulating custom spice blends, extracts, and mixes. Average annual revenue per employee is $425,000.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major products include spices (15 percent of industry revenue); non-tomato-based prepared sauces (10 percent); pourable and spoon-type salad dressing (10 percent); powdered seasoning mixes (10 percent); and natural flavoring extracts (10 percent). Other products include mayonnaise, mustard, vinegar, cider, imitation flavoring extracts, powdered gravy and sauce mixes, and pepper.
To manufacture spices, blowers or gravity separators clean impurities from herbs, seeds, or peppercorns. Spices may need a special soak or treatment to eliminate bacteria. Imported spices may require additional fumigation, inspection, or gamma irradiation before being cleaned. Pepper, cumin, and cinnamon ...
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