Seasoning & Dressing Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 1/22/2024
SIC Codes: 2035, 2082
NAICS Codes: 31194
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
View Full Sample Add To Cart

Excerpt from Seasoning & Dressing Manufacturing Industry Profile

Companies in this industry make spices, dry gravy mixes, seasoning mixes, salad dressings, sauces, and natural extracts. Major companies include US-based Kraft Heinz and McCormick, along with Ajinomoto and Kikkoman (both headquartered in Japan), Givaudan (Switzerland), Kerry Group (Ireland), and Unilever (dually headquartered in the Netherlands and the UK).

Global spices and seasonings market is forecast to reach over $35 billion by 2028 at a compound annual growth rate (CAGR) of 4.55% during the 2021-2028 forecast period. India is the world's largest producer, consumer and exporter of spices. It produces almost 75 of the 109 varieties listed by the International Organization for Standardization (ISO) and accounts for half of the global trading in spices, according to the India Brand Equity Foundation (IBEF).

The US seasoning and dressing manufacturing industry includes about 785 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $20 billion. 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. The US industry is concentrated: the top 50 companies ...

 
View Full Sample Add To Cart Return to the Industry Profile Menu

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options