Seasoning & Dressing Manufacturing
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 is forecast to reach over $35 billion by 2028 at a compound annual growth rate (CAGR) of 5.37% during the 2023-2028 forecast period, according to the IMARC Group. 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, according to the India Brand Equity Foundation (IBEF).
The US seasoning and dressing manufacturing industry includes about 785 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 70% of industry revenue.
Imports, mostly from China, Vietnam, Canada, Mexico, and India account for about 10% of the US market. Exports, which go mainly to Canada and Mexico, account for about 10% of US production.
Products, Operations & Technology
Major products include prepared sauces, which includes mustard, Worcestershire, soy, horseradish, and other sauces, accounting for about 20%, along with
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Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Industry Forecast
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Industry Websites
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Glossary of Acronyms