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

2017-05-26
Price :
Published : May-2017
No. of Pages : 115

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

Summary

Global Seasonings, Dressings & Sauces sector was valued at US$99,510.3 Million in 2016 and is forecasted to record a CAGR of 5.4% during 2016-2021, to reach US$129,618.7 Million by 2021. Latin America had a 5.1% value share in the global SDS sector in 2016, and is forecasted to record a CAGR of 6.0% during 2016-2021, to reach US$6,817.0 Million in 2021 from US$5,085.9 Million in 2016. The preference for homemade food is a major factor driving the growth of SDS products in the region.

Latin America accounted for US$5,085.9 Million SDS product sales in 2016, the smallest region in the world after Middle East and Africa. Wet Cooking Sauces is the largest market, accounting for US$1,117.7 (22.0% of the overall SDS sector) in 2016 and is expected to reach US$1,646.2 Million in 2021 growing at a CAGR 8.1%, the highest among all the markets. At a country level, Brazil alone accounts for 60.5% of this sector, followed by Argentina and Chile. This high demand is driven by the consumer preference for sauces in home cooked meals and pastas.

Brazil is the largest market in terms of value in 2016, while Argentina is expected to record the highest CAGR of 11.3% during 2016-2021. A large middle-class population that prefers home cooked meals and growing time-scarcity among working individuals will drive higher demand in the coming years. In addition, the forecasted improvement in the financial situation of the region’s nations and growing tastes for authentic regional flavors and European cuisines will increase SDS product sales.

The value of SDS products in Latin America featuring Health & Wellness benefits stood at US$583.8 Million in 2016, accounting for 11.5% of the overall SDS sector in the region, and is forecasted to reach US$761.2 Million in 2021, at a CAGR of 5.5%. Brazil is the largest market for Health & Wellness sales in the region, accounting for 83.5% of Health & Wellness SDS sales. A Health conscious consumer base purchasing Seasonings and Dressings that have low volumes of salt and sugar will push Health & Wellness growth.

Hypermarkets & Supermarkets was the most important distribution channel for Latin American SDS sales, with a 69.1% channel share, followed by Convenience Stores with a 23.6% share in 2016. Among the high potential countries in the region, Brazil has the highest share of Hypermarkets & Supermarkets with 82.5%. Argentina and Colombia have a lower share of Hypermarkets & Supermarkets; however, investments from large retailers such as Walmart are expected to increase its share in these countries.

The report “Opportunities in the Latin American Seasonings, Dressings & Sauces Sector: Analysis of Opportunities Offered by High Growth Economies”, provide a comprehensive overview of the Latin American Seasonings Dressings & Sauces sector.

In depth, this report provides the following analysis –
– Market Overview: Includes sector size, market size and growth analysis by markets.
– Change in consumption: Provides an overview of the shift in the consumption of Seasonings, Dressings & Sauces by markets across different countries in the Latin American region.
– High potential countries: Provides Risk-Reward analysis of 6 countries across the Latin American region based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure. Out of 6, a total of 4 high potential countries are shortlisted.
– Health & Wellness analysis: Provides insights on the Health & Wellness products in terms of value and percentage share in the overall Seasonings, Dressings & Sauces sector during 2011-2021. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of Seasonings, Dressings & Sauces in 2016. It also covers the market share of leading companies offering Seasonings, Dressings & Sauces with health and wellness attributes in the same year.
– Brand Analysis: Provides an overview of leading brands in Latin America region, besides analyzing the growth of private label in the region.
– Key distribution channels: Provides analysis on the leading distribution channels in the Latin American SDS sector in 2016. It covers five distribution channels – Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, eRetailers, Cash & Carries and Warehouse Clubs and Others that include – “Dollar Stores”, Variety Stores & General Merchandise Retailers, Department Stores and Others.
– Preferred packaging formats: The report provides percentage share (in 2016) and growth analysis (during 2011-2021) for various packaging materials, container, closure, and outer types based on the volume sales (by pack units) of Seasonings, Dressings & Sauces.

Companies mentioned in this report: Unilever, Sabormex, Nestle, Mccormick, Grupo Herdez, Grupo Desc Sa, Dem Monte, Conservas la Costena, Carozzi, Alicorp.

Scope

This report brings together multiple data sources to provide a comprehensive overview of the Latin American Seasonings Dressings & Sauces sector. It includes analysis on the following –
– Market overview: Includes sector size, market size and growth analysis by markets .
– Change in consumption: Provides an overview of the shift in the consumption of Seasonings, Dressings & Sauces by markets across different countries in the Latin American region.
– High potential countries: Provides Risk-Reward analysis of 6 countries across the Latin American region based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure. Out of 6, a total of 4 high potential countries are shortlisted.
– Health & Wellness analysis: Provides insights on the Health & Wellness products in terms of value and percentage share in the overall Seasonings, Dressings & Sauces sector during 2011-2021. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of Seasonings, Dressings & Sauces in 2016. It also covers the market share of leading companies offering Seasonings, Dressings & Sauces with health and wellness attributes in the same year.
– Brand Analysis: Provides an overview of leading brands in Latin America region, besides analyzing the growth of private label in the region.
– Key distribution channels: Provides analysis on the leading distribution channels in the Latin American SDS sector in 2016. It covers five distribution channels – Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, eRetailers, Cash & Carries and Warehouse Clubs and Others that include – “Dollar Stores”, Variety Stores & General Merchandise Retailers, Department Stores and Others.
– Preferred packaging formats: The report provides percentage share (in 2016) and growth analysis (during 2011-2021) for various packaging materials, container, closure, and outer types based on the volume sales (by pack units) of Seasonings, Dressings & Sauces.

Reasons to buy

– Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the APAC region.
– The report provides a detailed analysis of the high potential countries in the region, covering the key challenges, competitive landscape and demographic analysis , that can help companies gain insight into the country specific nuances
– The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion
– To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates

Filed in: Food & Beverage
Publisher : GlobalData
More Reports
Title Price Buy Now

Top Growth Opportunities: Confectionery in Australia

Top Growth Opportunities: Confectionery in Australia Summary Top Growth Opportunities for Confectionery in Australia provides recommended actions and detailed analysis of how to target the best growth opportunities for Confectionery producers and retailers. Readers can understand what categories, channels, companies, and consumers will drive the success of Confectionery markets in Australia through GlobalData's detailed and robust data, expert insight, and case studies. GlobalData's Top Growth Opportunity reports use a risk versus reward opportunity model to identify the best growth markets for Confectionery producers. Through this in-depth study of market and category dynamics, readers are able to identify key opportunities, and what they need to do in order to target them. Get access......
$2995

Global & Regional Food & Grocery Retailing, 2017-2022: Market Size, Forecasts, Trends, and Competitive Landscape

Global & Regional Food & Grocery Retailing, 2017-2022: Market Size, Forecasts, Trends, and Competitive Landscape Summary The "Global & Regional Food & Grocery Retailing, 2017-2022", report, published by GlobalData, provides analysis of current and forecast market data for food and grocery retail sales globally. The global food & grocery sector reached US$8,045 billion in 2017 and it is forecast to grow at a CAGR of 6.8% over the next five years to reach US$11,204.5 billion by the end of 2022. Sales in the sector will be driven by positive economic factors globally, change in spending and consumption habits, inflation in grocery produce, improving disposable incomes, and investment by food & grocery retailers in modern and innovative retail formats - encouraging higher spend per head. W......
$4950

Mexico – The Future of Foodservice to 2022

Mexico - The Future of Foodservice to 2022 Summary A rising tide lifts all boats' rings true for Mexico's foodservice market, as stable yet slow economic growth combined with falling unemployment has created a middle class that is better able to afford out-of-home meal occasions. As such, the Mexican profit sector has grown at a CAGR of 3.8% from 2015-2017, with the market becoming increasingly attractive for international investment and operators. The QSR channel's below average growth has, in part, been caused by Mexico's positive economic climate, which has acted as a double-edged sword. Moreover, as a result of Mexico's recent economic growth, more consumers have been lifted into the middle class, putting them in a better position to afford more frequent FSR meal occasions. "Mexico ......
$4995

Country Profile: Bakery & Cereals in Brazil

Country Profile: Bakery & Cereals in Brazil Summary The Brazilian bakery & cereals sector is led by the bread & rolls category in both value and volume terms in 2018, while energy bars is forecast to register the fastest growth in value terms during 2018-2023. Food & drinks specialists accounted for the leading share in the distribution of bakery & cereals products in the country. Flexible packaging is the most commonly used pack material, followed by rigid plastics and paper & board. . Bauducco, Adria, and Pullman are the top three brands in the Brazilian bakery & cereals sector. GlobalData's Country Profile report on the bakery & cereals sector in Brazil provides insights on high growth categories to target, trends in the usage of package materials, category level distribution channel......
$875

Country Profile: Bakery & Cereals in Argentina

Country Profile: Bakery & Cereals in Argentina Summary The Argentine bakery & cereals sector is led by the bread & rolls category in both value and volume terms in 2018, while dough products is forecast to register the fastest growth in value terms during 2018-2023. Food & drinks specialists accounted for the leading share in the distribution of bakery & cereals products in the country. Flexible packaging is the most commonly used pack material, followed by rigid plastics and paper & board. Arcor, Mondelez International, Inc and Grupo Bimbo, S.A.B. de C.V. are the top three companies in the Argentine bakery & cereals sector. GlobalData's Country Profile report on the bakery & cereals sector in Argentina provides insights on high growth categories to target, trends in the usage of packag......
$875

Success Case Study: Oatly – Bold milk-alternative brand catering to health- and environmentconscious consumers

Success Case Study: Oatly - Bold milk-alternative brand catering to health- and environmentconscious consumers Summary Oatly is an oat-based products company from Sweden. It aims to raise awareness of alternative, dairy-free milk, and other goods. The brand achieved sales of £18m in 2018 in the UK, up 89% from 2017. Globally, Oatly's sales reached £87m in 2018, and it is hoped that its revenues will double in 2019, with a new production plant expected to increase supply to its distribution network across 26 countries. "Success Case Study: Oatly" is part of GlobalData's Success & Failure case study series. It assesses the success of a milk-alternative brand catering to health- and environment-conscious consumers. Scope - Oatly intersects with key consumer trends, such as health trend......
$995

Country Profile: Bakery & Cereals in China

Country Profile: Bakery & Cereals in China Summary The Chinese bakery & cereals sector is led by the ‘cakes, pastries & sweet pies' category in both value and volume terms, while the cookies (sweet biscuits) category is expected to register the fastest value growth during 2018-2023. Food & drinks specialists is the leading channel for the distribution of bakery & cereals products in the country. Flexible packaging is the most commonly used pack material in the sector, but rigid plastics is expected to register the fastest growth during 2018-2023. Mondelez International, Inc, Orion Confectionery Co, Ltd., Nestle SA are the leading players in the sector. GlobalData's Country Profile report on the bakery & cereals sector in China provides insights on high growth categories to target, tren......
$875

Country Profile: Bakery & Cereals in France

Country Profile: Bakery & Cereals in France Summary The French bakery & cereals sector is led by the bread & rolls category in both value and volume terms. However, the breakfast cereals category is forecast to register the fastest value and volume growth during 2018-2023. Food & drinks specialists is the leading channel for distribution of bakery & cereals in the country. Flexible packaging is the most commonly used pack material in the sector, followed by rigid plastics and paper & board. Mondelez International, Inc, Barilla and Brioche Pasquier are the leading market players in the French bakery & cereals sector. GlobalData's Country Profile report on the bakery & cereals sector in France provides insights on high growth categories to target, trends in the usage of package materials,......
$875

Country Profile: Bakery & Cereals in the US

Country Profile: Bakery & Cereals in the US Summary The US bakery & cereals sector is led by the cakes, pastries & sweet pies category in value terms, while energy bars category is expected to register fastest value and volume growth during 2018-2023. Hypermarkets & supermarkets is the leading channel for distribution of bakery & cereals in the country. Flexible packaging is the most commonly used pack material in the sector, followed by rigid plastics and paper & board. General Mills, Inc., The Kellogg Company, and Grupo Bimbo, S.A.B. de C.V. are the leading market players in the US bakery & cereals sector. GlobalData's Country Profile report on the bakery & cereals sector in the US provides insights on high growth categories to target, trends in the usage of package materials, categor......
$875

Country Profile: Bakery & Cereals in Russia

Country Profile: Bakery & Cereals in Russia Summary The Russian bakery & cereals sector is led by the ‘bread & rolls' category in both value and volume terms, while the savory biscuits category is expected to register the fastest value and volume growth during 2018-2023. Food & drinks specialists is the leading channel for the distribution of bakery & cereals products in the country. Flexible packaging is the most commonly used pack material in the sector. The Kellogg Company, Khlebny Dom Oao, Mondelez International, Inc are the leading players in the sector. GlobalData's Country Profile report on the bakery & cereals sector in Russia provides insights on high growth categories to target, trends in the usage of package materials, category level distribution channel data and market shar......
$875
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy