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          1. Seasoning & Dressing Manufacturing Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 6/15/2020
            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
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            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).

            Worldwide, production of seasonings and spices is expected to reach 6.3 billion pounds by 2020. India is the world's largest spice producer and exporter. The US is the largest spice importer and consumer, according to Global Industry Analysts.

            The US seasoning and dressing manufacturing industry includes about 750 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 account for about 75% of industry revenue.

            Imports, mostly from China, Vietnam, Canada, Mexico, and India account for about 11% of the US market. Exports, which go mainly to Canada and Mexico, account for about 9% ...

             
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