Today: December 1, 2015, 1:24 am

United States condiment production market: $19.4 billion industry by 2018
Seasoning, Sauce and Condiment Production in the US - Industry Market Research Report - a new market research report on 2014-04-28 12:39:03
The United States condiment production market and Seasoning & Sauce industry benefited from increased demand for several of the industry´s products during the past five years. Even during the recession, when consumers had less disposable income, the industry experienced steady revenue growth as consumers purchased more industry products at the retail level to cook meals at home. Therefore, demand for seasonings, sauces and condiment products increased from downstream markets such as grocery wholesalers.

Downstream food manufacturers also increased demand for industry products as Americans turned to more prepared and processed foods that are quick and easy to eat. Combined, these trends are expected to boost industry revenue at an annualized rate of 1.7% during the five years to 2013 to $18.3 billion, including anticipated growth of 2.4% in 2013 alone.

Following the recession, disposable incomes gradually recovered and consumers increased purchases of industry products, lifting demand from downstream markets. In addition, more consumers began eating out at restaurants again. As a result, demand from food service establishments for products such as mayonnaise, mustard and salad dressing increased, bolstering revenue.

In light of these conditions, profit margins expanded from 5.4% of revenue in 2008 to an estimated 6.0% in 2013 due to rising vegetable prices that were passed off to consumers and the adoption of technology that automates the production process. As a result of rising profitability and demand for industry products, more seasoning, sauce and condiment production companies entered the industry. The number of enterprises is expected to rise slowly at an annualized rate of 0.2% to 596 during the five years to 2013.

The industry´s future prospects look positive, with continued revenue growth anticipated during the next five years.

Forecast increases in per capita disposable income will drive demand for industry products at the retail level, lifting demand from food manufacturers.

In addition, consumers are expected to eat out at restaurants more often as disposable incomes strengthen.

Furthermore, as more Americans become health conscious, producers will respond by introducing healthier versions of existing products that contain lower sodium. As a result of these trends, IBISWorld projects revenue to grow at an annualized rate of 1.2% during the five years to 2018 to total $19.4 billion.

Click for report details: ..

Browse all Food and Drink Market Research Reports ..

Browse all Food and Drink Company Profile Reports ..

Browse all Latest Market Research Reports ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 567 Words
Related Articles
More From Finance
USGFX Anticipates A Rise In Forex Trading [..]
The Shanghai Composite Index has been volatile and at one stage dropped more than 30% from its June 12 peak, [..]
Credit-Yogi Recommends Reputable Debt Solution Companies To [..]
Many people who have poor credit don’t know what to do about it. They realize that their bad credit prevents [..]
Credit-Yogi Reveals Special Considerations for Military Members [..]
No one wants to have their vehicle taken back by their banks. It’s a source of stress for the individual [..]
Credit-Yogi Teaches Consumers How To Use HAMP [..]
Be Prepared to Utilize HAMP Lenders do not like to help borrowers prevent foreclosure by accessing the Obama loan modification [..]
Credit-Yogi Informs Military Members Facing Auto Repossession [..]
No one wants to have their vehicle taken back by their banks. It’s a source of stress for the individual [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.