Country Profile: Seasonings, Dressings & Sauces sector in Norway
Summary
Norwegian Seasonings, Dressings & Sauces sector accounted for a 0.2% volume share of the global sector in 2016, while it accounted for a 1.4% share by volume in the Western Europe region in the same year. The urge for new taste preferences among consumers is one of the major reasons for the increasing demand of Seasoning, Dressings & Sauces in the country.
Furthermore, improving economy coupled with large base of working population is aiding the growth of the sector in the country. The demand for Seasonings, Dressings & Sauces in Norway is expected to increase and, consequently, its volume share in the Western Europe region will rise from 1.4% in 2016 to 1.5% by 2021.
Seasonings, Dressings & Sauces sector is valued at Nkr3,799.0 million (US$452.2 million) in 2016,and is expected to grow at a CAGR of 3.3% during 2016-2021. Per capita consumption stood at 9.17kg when compared to the global and Western Europe levels of 4.51kg and 8.40kg, respectively, in 2016.
Hypermarkets & Supermarkets is the leading distribution channel in the Norwegian Seasonings, Dressings & Sauces sector, accounting for a total value share of 69.2% in 2016.The share of all major distribution channels increased marginally from 2011 levels. The Norwegian Seasonings, Dressings & Sauces sector is partly consolidated with the top five players in which Toro is the leading brand in both value and volume terms. It accounted for a value share of 33.4% and a volume share of 15.1%, respectively in 2016.
The report “Country Profile: Seasonings, Dressings & Sauces sector in Norway” provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and brands market shares.
In particular, this report provides the following analysis –
– Market data: Overall market value and volume data with growth analysis for 2011-2021.
– Category coverage: Value and growth analysis for Bouillons & Stocks, Chutneys & Relishes, Condiment Sauces, Dips, Dressings, Dry Cooking Sauces, Herbs, Spices & Seasonings, Tomato Pastes and Purées, and, Wet Cooking Sauces with inputs on individual category share within each market and the change in their market share forecast for 2016-2021.
– Leading players: Market share of brands and private labels, including private label growth analysis from 2011-2016.
– Distribution data: Percentage of sales within each market through distribution channels such as Cash & Carries and warehouse Clubs, Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, eRetailers and others.
– Packaging data: Consumption breakdown for packaging materials and containers in each market, in terms of percentage share of number of units sold. Packaging material data for Glass, Flexible Packaging, Paper & Board, Rigid Plastics, and others; container data for: Jar, Bottle, Bag/Sachet, Tub, Box, Pouch, and Tube.
Companies mentioned in this report: Orkla Group, Rieber & Søn Asa, Unilever Plc, Continental Foods, Paulig Group, Barilla G. & R. Fratelli, H. J. Heinz Company, Haugen-Gruppen As, The Kraft Heinz Company, Fjordland As, Lee Kum Kee, McIlhenny Company, Ab World Foods Ltd, Hengstenberg Gmbh & Co. Kg.
Scope
– Wet Cooking Sauces is the largest market by value in 2016 and it is expected to grow at a CAGR of 3.7% during 2016-2021
– Hypermarkets & Supermarkets is the leading distribution channel in the Norwegian Seasonings, Dressings & Sauces sector
– Toro is the leading brand in both value and volume terms in the country
– Glass is the most commonly used packaging material in the Norwegian Seasonings, Dressings & Sauces sector
– Consumers are trading down for value for money products in the Norwegian Seasonings, Dressings & Sauces sector
Reasons to buy
– Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
– Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
– Gain an understanding of the total competitive landscape based on detailed brand share analysis to plan effective market positioning
– Manufacturers can identify the opportunities to position products with H&W attributes/benefits
– Access the key and most influential consumer trends driving Seasonings, Dressings & Sauces products consumption, and how they influence consumer behavior in the market which will help determine the best audiences to target
– Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
– The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector
– Analysis on key macro-economic indicators such as GDP per capita, population (overall and breakdown by age), and consumer price index. It also covers a comparative analysis of political, economic, socio-demographic, and technological indicators (PEST) across 50 countries.