Opportunities in the Global Seasonings, Dressings & Sauces Sector: Analysis of Opportunities Offered by High Growth Economies

2017-04-21
Price :
Published : Apr-2017
No. of Pages : 171

Opportunities in the Global Seasonings, Dressings & Sauces Sector: Analysis of Opportunities Offered by High Growth Economies

Summary

Global Seasonings, Dressings & Sauces sector was valued at US$99.5 Billion in 2016 and is forecast to record a CAGR of 5.4% during 2016-2021 to reach US$129.6 Billion by 2021. Asia-Pacific represented the largest region for the global Seasonings, Dressings & Sauces sector with a value share of 36.8% in 2016. The region is also forecast to record the fastest CAGR of 8.2% during 2016-2021.

The value share of global Seasonings, Dressings & Sauces sector is forecast to increase during 2011-2021, led by an increasing share in Middle East & Africa, North America, Latin America, and Eastern Europe. Growing consumer interest in home-made food driven by the healthy eating trend has led to a surge in food options such as salads, which is fueling the growth of Seasonings, Dressings & Sauces.

The overall market share for private label products in the global Seasonings, Dressings, & Sauces sector stood at 9.1% by value as of 2016, a slight increase from 8% in 2011. Western Europe had the highest market share for private label products with 15.9% of the total Seasonings, Dressings, & Sauces sales in 2016, followed by North America with a 12% share. However, the Latin America region had the lowest private label share at 4.4%.

The global Seasonings, Dressings & Sauces sector is highly fragmented with the top four brands – Knorr, Heinz, Kikkoman, and McCormick -accounting for a combined value share of 9.1% in 2016. Hypermarkets & Supermarkets is the leading distribution channel for the global Seasonings, Dressings, & Sauces sector, with a value share of 63.2% in 2016, followed by Convenience Stores with a 20.7% share . In Latin America, Hypermarkets & Supermarkets accounted for 69.1% of the total Seasonings, Dressings, & Sauces sales in 2016, followed by North America with a value share of 68.2%.

The report “Opportunities in the Global Seasonings, Dressings & Sauces Sector: Analysis of Opportunities Offered by High Growth Economies” provide a comprehensive overview of the global Seasonings, Dressings & Sauces sector. Moreover, this report also provides the following –
– Provides an overview of current sector scenario vis-a-vis the future outlook in terms of ingredients, product claims, labelling and packaging. The analysis also covers regional overview across five regions – Asia-Pacific, Middle East & Africa, North America, Latin America, Western Europe, and Eastern Europe – highlighting sector size, growth drivers, latest developments, and future inhibitors for the region.
– Provides a shift in the consumption of Seasonings, Dressings & Sauces as compared to other major sectors such as Savory Snacks, Bakery & Cereals, Prepared Meals and Meat during 2011-2021 at global and regional level.
– Provides Risk-Reward analysis of 10 high potential countries across five regions- Asia-Pacific, North America, Latin America, Western Europe, and Eastern Europe – based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure.
– Provides deep-dive analysis of 10 high potential countries covering value growth during 2016-2021, key challenges, consumer demographics, key trends and new product launches. It also includes regional analysis covering future outlook for the region.
– Provides insights on the Health & Wellness products in terms of value and percentage share in the overall Seasonings, Dressings & Sauces sector at global and regional level during 2011-2021. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of Seasonings, Dressings & Sauces across the six regions in 2016. It also covers the market share of leading companies offering Seasonings, Dressings & Sauces with health and wellness attributes in the same year.
– Provides an overview of leading brands at global and regional level, besides analyzing the product profile, country level presence, market share, and growth of private labels in each region.
– Provides analysis on the leading distribution channels in the global Seasonings, Dressings & Sauces sector in 2016. It covers four distribution channels – Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, and Others that include – Cash & Carries and Warehouse Clubs, ‘Dollar Stores’, Department Stores, e-Retailers, and General retailers.

Companies mentioned in this report: Knorr, Heinz, Kikkoman, McCormick Totole Flavouring Food Co. Ltd, Kewpie Corporation, Lee Kum Kee.

Scope

– The report provides an overview of global and regional markets covering – Asia-Pacific, Middle East & Africa, North America, Latin America, Western Europe, and Eastern Europe – highlighting sector size, growth drivers, latest developments, and future inhibitors for the region.
– It also identifies top ten high potential countries and provides deep dive analysis of top two countries in each region.
– The report draws on the sector data by analyzing key distribution channels for Seasonings, Dressings & Sauces in the global market.
– Sector data is also used for studying the level of competition in the sector by identifying the top brands at a global and regional level with insights on sector shares of private label products.
– The report also includes insights on Health & Wellness products in terms of value and percentage share in the overall Meat sector at global and regional level during 2011-2021.

Reasons to buy

– To have a thorough fact based analysis with information about the global Seasonings, Dressings & Sauces sector across the six regions in value terms and the underlying factors that are driving the sales
– To gain confidence to make the correct business decisions based on a detailed analysis of the global Seasonings, Dressings & Sauces sector and to identify high potential countries over the next 5 years
– The analysts have placed a significant emphasis on the mega trends that drive consumer choice and will provide a clear picture about the future opportunities that can be explored across the region, resulting in revenue expansion
– To gain competitive intelligence about leading brands in the Seasonings, Dressings & Sauces sector at global and regional level with information about their market share, business descriptions and product profiles

Filed in: Food & Beverage
Publisher : GlobalData
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