Seasoning, Sauce and Condiment Production in the US - Industry Market Research Report

Seasoning, Sauce and Condiment Production in the US

The Seasoning, Sauce and Condiment Production industry produces goods including mayonnaise, salad dressings, spices, extracts and dry food mixes from a variety of ingredients, which are then sold to wholesalers, other food manufacturers and retailers. Since this industry produces a wide array of products, some segments have performed better than others over the five years to 2023. Hot sauce and ethnic spices have been on the rise while traditional condiments, namely mayonnaise and salad dressings, have not performed as well. Rising health consciousness curbed demand for most seasonings, sauces and condiments high in sodium and calories and spurred manufacturers to reformulate products with all-natural and organic ingredients. Though, as disposable incomes increased for most of the period, some consumers have chosen to trade up to premium and more expensive brands, aiding the industry. Industry revenue increased an annualized 0.6% to $28.5 billion over the past five years, despite the economic fallout brought on by the COVID-19 (coronavirus) pandemic, which negatively affected downstream demand market of food services. In 2023, industry revenue will stagnate.

The Seasoning, Sauce and Condiment Production industry manufactures products such as mayonnaise, salad dressings, spices, extracts and dry food mixes from a variety of ingredients. Industry products are then sold to downstream wholesalers, food manufacturers and retail markets. Ketchup and other tomato-based sauces are excluded due to they are part of the Canned Fruit and Vegetable Processing industry (IBISWorld report 31142).

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."