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Opportunities in the Western Europe Seasonings, Dressings & Sauces Sector: Analysis of opportunities offered by high growth economies

  • ID: 4747223
  • Report
  • Region: Europe, Western Europe
  • 130 pages
  • GlobalData
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FEATURED COMPANIES

  • Mars Incorporated
  • McCormick
  • Nestle SA
  • Orkla Group
  • Premier Foods plc
  • The Kraft Heinz Co
  • MORE
Opportunities in the Western Europe Seasonings, Dressings & Sauces Sector: Analysis of opportunities offered by high growth economies

Summary

Western Europe accounted for a 20% value share in the global SDS sector in 2017, and is expected to grow from US$21,517.2 million in 2017 to US$27,169.5 million in 2022, registering a CAGR of 4.8%. Rising consumer demand for convenient products such as wet cooking sauces and tomato pastes and purées that reduce cooking time, and growing interest in ethnic flavors such as Thai, Indian and Mexican, are driving growth in the sector. Based on the relative performance of countries on multiple metrics, Denmark, the Netherlands, Spain and Austria were shortlisted as high potential countries, primarily due to the large SDS sector value, projected high value growth rates, and projected rising per capita value growth levels. Among the shortlisted high potential countries, Spain is the largest market with US$2,146.6 million value sales in 2017, followed by the Netherlands and Austria.

Wet cooking sauces is the largest market, accounting for 21.9% of the overall SDS value sales in 2017. The category is expected to grow from US$4,715.4 million in 2017 to US$5,540.5 million in 2022, at a CAGR 3.3%. Condiment sauces is the second largest market, with value sales of US$3,145.6 million in 2017, followed by herbs, spices & seasonings, and dressings. The value of seasonings, dressings & sauces with health & wellness attributes stood at US$1,000.8 million (4.7% of the overall SDS sector) in 2017 and is forecast to reach US$1,404.6 million in 2022, at a CAGR of 7.0%.

The Western Europe SDS sector is fragmented with the top five brands - Knorr, Heinz, Maggi, Kunhe, and Hellman's - accounting for 18.3% of overall value sales in 2017. Meanwhile, private labels held a 15.9% share of overall value sales in the same year.

Hypermarkets & supermarkets is the largest distribution channel in the Western Europe SDS sector. In 2017, the channel accounted for 65.8% of overall value sales. Glass was the most commonly used pack material in the Western Europe SDS sector, with a 44.8% market share in 2017, while jar was the most popular container type used, accounting for a 33.5% share in the same year.

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

Companies mentioned: Unilever, The Kraft Heinz Co, Nestle SA, Mars, Incorporated, Premier Foods plc, Orkla Group, McCormick, Carl Kühne KG (GmbH & Co.) and Barilla.

Scope

This report brings together multiple data sources to provide a comprehensive overview of the Seasonings, Dressings & Sauces sector in the region. 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 categories 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 Seasonings, Dressings & Sauces across the key countries in the region, in 2017. It covers these distribution channels - hypermarkets & supermarkets, Food & Drinks Specialists, Convenience Stores, Dollar Stores” and E-retailers and others, which includes cash & carries & warehouse clubs and vending machines and other retailers.
  • 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.
READ MORE
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Mars Incorporated
  • McCormick
  • Nestle SA
  • Orkla Group
  • Premier Foods plc
  • The Kraft Heinz Co
  • MORE
1.Executive summary

2. Market size and growth analysis (regional analysis )
Market size analysis - Western Europe compared to other regions
Growth analysis by region
Growth analysis by country
Growth analysis by market

3. Identifying high potential countries in Western Europe
High potential countries in Western Europe
Identifying high potential countries - methodology
Identifying high potential countries - risk, reward and opportunity analysis

4. Market size and growth analysis
High potential countries in Western Europe - overview
Growth contribution analysis by country
Share of seasonings, dressings & sauces compared to other food sectors
Change in consumption levels by country and SDS sectors
Per capita consumption and expenditure analysis

5. Country profiles
Denmark
The Netherlands
Spain
Austria

6. Success stories

7. Company and brand analysis
Brand share analysis in the Western Europe SDS sector
Leading companies in Western Europe SDS sector
Leading brands in the Western Europe SDS sector
Private label penetration in the Western Europe SDS sector

8. Health & wellness analysis
Health & wellness analysis - overview
Health & wellness market growth analysis by country
Health & wellness analysis - key product attributes and consumer benefits
Products meeting consumers’ health & wellness needs
Leading health & wellness companies by market share

9. Key distribution channels
Leading distribution channels by countries
Leading distribution channels by markets

10. Key packaging formats
Growth analysis by key packaging material and container type
Growth analysis by closure type and outers

11. Challenges and future outlook
Key challenges
Future outlook

12. Appendix

List of Tables
Regional comparison: market size, growth, and per capita analysis, 2017-2022
Identifying high potential countries - risk, reward, and opportunity analysis
High potential countries in Western Europe - overview
Value share of SDS sector as a proportion of overall food by country, 2017
Change in consumption levels by market within SDS (value terms), 2017-2022
Per capita consumption by markets in Western Europe by countries, 2017
Per capita expenditure by markets in Western Europe by countries, 2017
Denmark SDS - overview, % value share by market, 2017
The Netherlands SDS - overview, % value share by market, 2017
Spain - overview, % value share by market, 2017
Austria - overview, % value share by market, 2017
Brand share analysis in the Western Europe SDS sector
Leading companies in the Western Europe SDS sector by value sales (US$ million)
Leading brands in the Western Europe SDS sector by value sales (US$ million)
Private label penetration in the Western Europe SDS sector
Health & wellness value and its share in overall sales, 2012-2022
Share of product attributes and consumer benefits in high potential countries Western Europe, 2017
Leading health & wellness companies by market share
Leading distribution channels in Western Europe by countries, 2017
Leading distribution channels in Western Europe region by markets, 2017

List of Figures
Annual value growth analysis by region (2017-2022)
Annual volume growth analysis by region (2017-2022)
Value and volume growth analysis by country (2017-2022)
Country level contribution to the growth of seasonings, dressings & sauces markets in Western Europe, 2017-2022
Denmark- demographic analysis
The Netherlands- demographic analysis
Spain - demographic analysis
Austria- demographic analysis
Country level contribution to the growth of H&W market in Western Europe, 2017-2022
Key packaging material volume (units) share, 2017
Unit volume growth by packaging material (2012-2022)
Key container type volume (units) share, 2017
Unit volume growth by container type (2012-2022)
Key closure type volume (units) share, 2017
Unit volume growth by closure type (2012-2022)
Key outers volume (units) share, 2017
Unit volume growth by outers (2012-2022)
Note: Product cover images may vary from those shown
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  • Unilever
  • The Kraft Heinz Co
  • Nestle SA
  • Mars Incorporated
  • Premier Foods plc
  • Orkla Group
  • McCormick
  • Carl Kühne KG (GmbH & Co.) and Barilla
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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