On Fire: Rising Discretionary Income Will Likely Enable Consumers to Purchase More Industry Products
The Pre-Made Salsa Production industry produces refrigerated or shelf-stable salsas purchased by wholesalers, grocery stores and other food service outlets, which are then sold to consumers. The industry has experienced increasing revenue as per capita disposable income and consumer demand for Hispanic cuisine has risen. Industry revenue has been growing at an average annualized 0.4% over the past five years and is expected to total $954.5 million in 2023 when revenue will jump an estimated 1.2%.
The industry produces pre-made tomato-based Mexican-style dips that are purchased by grocery wholesalers and supermarkets and then sold to consumers and food service outlets. This salsa may be refrigerated or shelf-stable. The industry excludes dairy-based and other dips such as hummus and guacamole. The industry also does not include dry mix salsa flavoring or Italian-style sauces.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Pepsico Inc.
- Campbell Soup Co
- Hormel Foods Corporation
Methodology
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