$30.4bn
$X.Xbn
48,497
4,235
$X.Xbn
Seasoning, sauce and condiment producers create goods, including mayonnaise, salad dressings, spices, extracts and dry food mixes from various ingredients. Producers primarily sell to wholesalers, other food manufacturers and retailers. Since companies produce a wide array of products, some segments have outperformed others through the current period. Hot sauce and ethnic spices skyrocketed, while traditional condiments, namely mayonnaise and salad dressings, have struggled. Climbing health consciousness has curbed demand for most seasonings, sauces and condiments high in sodium and calories and spurred manufacturers to reformulate products with all-natural and organic ingredients. However, disposable income has increased for most of the period, encouraging some consumers to trade up to premium and more expensive brands. Revenue climbed at an expected CAGR of 0.6% to $30.2 billion through the current period despite the economic fallout from the COVID-19 pandemic. In 2024, revenue will dip 0.4%.
Industry revenue has declined at a CAGR of 0.3 % over the past five years, to reach an estimated $30.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Kraft Heinz Co | 5,166.0 | 487.6 | 9.4 | |
Mccormick & Co Inc. | 4,098.8 | 621.5 | 15.2 | |
Ajinomoto Co Inc. | 968.6 | 94.1 | 9.7 |
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Industry revenue is measured across several distinct product and services lines, including Mayonnaise, salad dressings and sandwich spreads, Prepared sauces (excluding tomato) and Dry-mix food preparations. Mayonnaise, salad dressings and sandwich spreads is the largest segment of the Seasoning, Sauce and Condiment Production in the US.
Dry-mix food preparations grow popular during COVID-19 pandemic
The Seasoning, Sauce and Condiment Production industry manufactures mayonnaise, salad dressings, spices, extracts and dry food mixes from various ingredients. Industry products are then sold to downstream wholesalers, food manufacturers and retail markets.
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NAICS 31194 - Seasoning, Sauce and Condiment Production in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Producers face challenges as consumer tastes shift toward healthier options and a broader variety of flavors, notably Latin American and Asian cuisines. Consumers increasingl...
Learn about an industry's products and services, markets and trends in international trade.
Consumers demand healthier alternatives, prompting seasoning, sauce and condiment producers to shift product lines to meet growing health trends. This response aligns with in...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Producers are strategically located near critical markets. The West and Southeast regions are close to key consumer bases, while producers in the Great Lakes region gain acce...
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.
Producers must maintain strong relationships with the entire supply chain as key input prices can fluctuate substantially and retail shelf space is limited. Effective managem...
Learn about the performance of the top companies in the industry.
McCormick and Kraft-Heinz each capture a relatively substantial share of the addressable market in sauces, seasonings and spices. Major companies offer numerous products, whi...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Producers must adhere to strict FDA guidelines on labeling and content. Recalls and false claims can devastate a producer's reputation.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Price volatility of inputs has constrained profit. Producers either absorbed the increased costs or passed them on to consumers, risking a cut in demand.
Including values and annual change:
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Key data sources in the US include:
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:
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The market size of the Seasoning, Sauce and Condiment Production in the US industry in United States is $30.4bn in 2024.
There are 4,235 businesses in the Seasoning, Sauce and Condiment Production in the US industry in United States, which has grown at a CAGR of 3.1 % between 2019 and 2024.
The market size of the Seasoning, Sauce and Condiment Production in the US industry in United States has been declining at a CAGR of 0.3 % between 2019 and 2024.
Over the next five years, the Seasoning, Sauce and Condiment Production in the US industry in United States is expected to grow.
The biggest companies operating in the Seasoning, Sauce and Condiment Production market in United States are Kraft Heinz Co, Mccormick & Co Inc. and Ajinomoto Co Inc.
Manufacturing mayonnaise and Manufacturing salad dressing are part of the Seasoning, Sauce and Condiment Production in the US industry.
The company holding the most market share in United States is Kraft Heinz Co.
The level of competition is high and steady in the Seasoning, Sauce and Condiment Production in the US industry in United States.