A bitter taste: Higher food prices are inflating revenue, but also cutting demand and eating into profitability
Rising health consciousness and a shift away from traditional flavours are holding back sales of condiments and seasoning. However, manufacturers have fought back by innovating to develop new products and flavours, especially more healthier varieties (e.g. with lower salt and sugar contents) and target niche markets (such as with vegan sauces). This has led to a proliferation in flavours from around the world as manufacturers have scrambled to meet widening demands from the UK population as palettes grow more varied.
Enterprises in this industry convert a variety of raw ingredients into packaged, ready-to-use condiments, seasonings and cooking sauces. This includes spices, sauces and garnishes such as mayonnaise, mustard powder, prepared mustard and vinegar. The processing of salt into table salt is also included in the industry.
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 key players and their market shares.
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- McCormick (UK) Ltd
Methodology
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