First Research US Industry Profile

View Sample
Seasoning & Dressing Manufacturing
SIC Codes: 2035, 2082
NAICS Codes: 31194
Last Quarterly Update: 4/8/2019
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% of US production.
Products, Operations & Technology
Major products include mayonnaise, salad dressings, and sandwich spreads (about 25% of revenue); dry food mixes and seasonings (20%); natural extracts ... plus:
Sales & Marketing
,
Finance & Regulation
,
Regional & International Issues
,
Human Resources
Also includes the following chapters:
Quarterly Industry Update
,
Industry Indicators
,
Business Challenges
,
Trends and Opportunities
,
Call Preparation Questions
,
Financial Information
,
Industry Forecast
,
Industry Websites
,
Glossary of Acronyms

Historical Profiles (PDF format)

01/07/2019
10/01/2018
07/02/2018
04/02/2018
01/01/2018
09/25/2017
06/26/2017
03/27/2017
12/19/2016
09/19/2016
06/20/2016
03/21/2016
12/14/2015
09/14/2015
06/08/2015
03/09/2015
12/08/2014
09/15/2014
06/23/2014
03/31/2014
12/16/2013
09/23/2013
07/01/2013
04/08/2013
01/07/2013
10/01/2012
07/16/2012
04/23/2012
01/23/2012
10/10/2011
07/11/2011
03/28/2011
12/13/2010
09/20/2010
06/07/2010
03/15/2010