Opportunities in the Asia-Pacific Seasonings, Dressings & Sauces Sector: Analysis of Opportunities Offered by High-Growth Economies

Opportunities in the Asia-Pacific Seasonings, Dressings & Sauces Sector: Analysis of Opportunities Offered by High-Growth Economies

Summary

Asia-Pacific represented the largest regional market for seasonings, dressings & sauces with a value share of 38% in 2017. Rising disposable incomes, the increasing demand for unique and flavorful options and growth in the popularity of natural/organic products is spurring demand for seasonings, dressings & sauces in the region. Based on the relative performance of countries on multiple metrics, New Zealand, China, South Korea, and Indonesia were shortlisted as high-potential countries, primarily due to the large seasonings, dressings & sauces sector size, projected high-value growth rates, and projected rising per capita value growth levels.

The top five brands in the Asia-Pacific seasonings, dressings & sauces sector accounted for an overall value share of 16.4% of sales in 2017. The seasonings, dressings & sauces sector in Asia-Pacific stood at US$40,869.5 million in 2017 and is forecast to reach US$58,097.9 million in 2022, with a CAGR of 7.3% during 2017-2022. Condiment sauces was the largest category, accounting for US$18,243.5million (44.6% of the overall seasonings, dressings & sauces sector in Asia-Pacific) in 2017. The seasonings, dressings & sauces with health & wellness attributes accounted for 3% of the overall value sales in 2017, lower than the global share of 6.6% in the same year.

Hypermarkets & supermarkets is the leading distribution channel in the Asia-Pacific seasonings, dressings & sauces market, with a total value share of 60.3% in 2017, followed by convenience stores at 18.1% and department stores at 9.7%. Glass accounted for the largest share of package materials in the Asia-Pacific seasonings, dressings & sauces market with a volume share of 44.4% in 2017. Bottle is the most commonly used pack type in seasonings, dressings & sauces packaging, with a share of 32.6%.

The report "Opportunities in the Asia-Pacific Seasonings, Dressings & Sauces Sector", brings together multiple data sources to provide a comprehensive overview of the region's seasonings, dressings & sauces sector. It includes market overview, high growth country analysis, top brands, key distribution channels, packaging formats and case studies.

Companies mentioned: Shanghai Totole Flavouring Food Co. Ltd., Kikkoman Corporation, Foshan Haitian Flavoring & Food Co., Ltd, Lee Kum Kee, Unilever, Kewpie Corporation, The Kraft Heinz Co, Ajinomoto Group, Amoy Food Limited, China best foods.

Scope

This report brings together multiple data sources to provide a comprehensive overview of the Asia-Pacific Seasonings, Dressings & Sauces sector. It includes analysis on the following -

• Sector overview: Provides overview of the sector size, value and volume growth analysis, across regions


• Change in consumption: Analysis on the shift in consumption of Seasonings, Dressings & Sauces by markets across the key countries in the region.


• High potential countries: Provides Risk-Reward analysis of top 4 high potential countries in the region based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure


• Country analysis: Provides deep-dive analysis of high potential countries covering value growth during 2017-2022, key challenges, consumer demographics, and key trends supported with product examples. It also includes analysis of the key challenges faced and future outlook for the region.


• Brand analysis: Provides an overview of leading brands in the region, besides analyzing the growth of Private Label products in the region.


• Key distribution channels: Provides analysis on the leading distribution channels for hot drinks across the key countries in the region, in 2016. It covers these distribution channels - hypermarkets & supermarkets, convenience stores, health & beauty stores, dollar stores, which include variety stores & general merchandisers and others, which includes cash & carries & warehouse clubs and others.


• Preferred packaging formats: The report provides percentage share (in 2017) and growth analysis (during 2012-2022) for various packaging materials, container, closure, and outer types based on the volume sales (units) of seasonings, dressings & sauces.

Reasons to buy

• Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the region.


• The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis , that can help companies gain insight into the country specific nuances


• The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion


• To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.