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Cooking Sauces & Food Seasonings Market Report 2013

  • February 2013
  • -
  • Key Note Publications Ltd

Executive Summary

This Key Note Market Update examines the cooking sauces and food seasonings industry in the UK. The industry is comprised of two sectors: cooking sauces and food seasonings. The former can be further divided according to type of sauce and it accounts for the majority of the market. In 2012, the total market grew by 2%.

Cooking sauces are popular with consumers in the UK who are seeking a convenient and flexible mealtime solution. They add excitement to the dinner table by providing flavour, but require minimal effort. As a result, the value of the industry has increased year-on-year since 2008. However, growth has fluctuated and it slowed in 2012 due to heavy promotional activity and pressure from other trends in the market; a growing number of consumers are cooking from scratch, both out of economic necessity and for pleasure. In addition, fast-paced lifestyles have also created a demand for ready-to-eat foods that are even more convenient than cooking sauces. Therefore the industry, which offers shortcuts when cooking, is being squeezed in the middle.

Nevertheless, household disposable incomes have fallen and consumers continue to feel the strain of the economic crisis. In order to cope with the downturn, they are limiting their spending and are eating at home to save money. This phenomenon has created a demand for exciting and exotic cooking sauces as consumers try to recreate restaurant dishes and add dynamism to the mealtime occasion at home. The trend has driven growth for new types of sauces, including Brazilian, Malaysian and Caribbean flavours. Cooking sauces enable consumers, who might otherwise have been uncomfortable cooking exotic dishes, to expand their recipe portfolio with a variety of new dishes. Manufacturers have capitalised on this trend by investing in their brands and producing higher quality products. As a result, value and volume sales for brands grew ahead of own labels in 2012.

The food seasoning sector has also performed well due to an influx in pre-mixed sachets that combine all the necessary food seasonings to make dishes. These are accompanied by plastic bags, in which consumers simply shake spices and herbs with meat proteins, vegetables or carbohydrates, before placing in the oven. These are convenient because they are mess-free, as well as enabling consumers to save money by not having to buy individual herbs and spices that they will rarely use.

Key Note forecasts that the value of the cooking sauces and food seasonings market will continue to increase over the next 5 years. However, this growth will be slow while the economic crisis persists. Value and volume sales will be driven by a rise in the number of smaller formats and plastic pouches, as well as flavour and product innovation, particularly in exotic sauces and seasonings. Between 2013 and 2017, the market is expected to rise by 6.5%.

Table Of Contents

Cooking Sauces and Food Seasonings Market Report 2013
Table of Contents

Foreword

Executive Summary

Market Definition

REPORT COVERAGE
MARKET SECTORS
MARKET TRENDS
Strained Finances for Consumers
Cooking at Home
Original and Quality Innovation
Cooking Sauces Manufacturers Introduce Meal Kits
Manufacturers Respond to Rising Production and Operational Costs
ECONOMIC TRENDS
MARKET POSITION
The UK

Market Size

THE TOTAL MARKET
BY MARKET SECTOR
Cooking Sauces
Food Seasonings
OVERSEAS TRADE
General Overview
Exports
Imports

Strengths, Weaknesses, Opportunities and Threats

STRENGTHS
WEAKNESSES
OPPORTUNITIES
THREATS

Current Issues

THE RISE IN FROZEN FOOD SALES
WASTE REDUCTION
ONLINE GROCERY SHOPPING
LEGISLATION
Regulation (EC) No/
CORPORATE ACTIVITY
Bart Ingredients Co
Premier Foods PLC
Sacla UK Ltd
Symington's Ltd

Forecasts

INTRODUCTION
General Economic Forecasts
FORECASTS TO
MARKET GROWTH
FUTURE TRENDS
Smaller Formats Drive Sales in the Market
Continued Popularity of Convenient Products
Demand for Exciting Sauces and Innovative Products

Company Profiles

INTRODUCTION
DEFINITIONS
Turnover (Sales)
Pre-Tax Profit
Profit Margin
Average Remuneration
Sales per Employee
FURTHER INFORMATION

ASSOCIATED BRITISH FOODS PLC

Previous Name(s) and Date(s) of Change
Principal Activities
SIC Codes
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios

DISCOVERY FOODS LTD

Previous Name(s) and Date(s) of Change
Principal Activities
SIC Code
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios

GENERAL MILLS UK LTD

Previous Name and Date of Change
Principal Activities
SIC Codes
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios

GREENCORE GROUP PLC

Previous Name and Date of Change
Principal Activities
Nomenclature des Activites Économiques (NACE) Codes
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios

HJ HEINZ CO LTD

Previous Name and Date of Change
Principal Activities
SIC Codes
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios

MARS FOOD UK LTD

Previous Name and Date of Change
Principal Activities
SIC Code
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios

MCCORMICK (UK) LTD

Previous Name(s) and Date(s) of Change
Principal Activities
SIC Code
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios

PREMIER FOODS PLC

Previous Name and Date of Change
Principal Activities
SIC Codes
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios

PRINCES LTD

Previous Name(s) and Date(s) of Change
Principal Activities
SIC Codes
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios

SACLA UK LTD

Previous Name and Date of Change
Principal Activities
SIC Code
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios

SYMINGTON'S LTD

Previous Name and Date of Change
Principal Activities
SIC Code
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios

THE BART INGREDIENTS CO LTD

Previous Name(s) and Date(s) of Change
Principal Activities
SIC Code
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios

Further Sources

Publications
Government Publications
Other Sources
Key Note Sources
Key Note Ltd

Key Note Research

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