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    Seasoning & Dressing Manufacturing Industry Profile

    Report Page Length: 10-12
    Last Quarterly Update: 4/19/2021
    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).

    Global spices and seasonings market will reach 3.2 Million Metric Tons by the Year 2027, according to Reportlinker.com. 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.

    The US seasoning and dressing manufacturing industry includes about 780 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $22 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 ...

     
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