The global seasoning and dressing market is expected to grow from $141.1 billion in 2019 to $147.5 billion in 2020 at a compound annual growth rate (CAGR) of 4.6%.
The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.
The market is then expected to recover and grow at a CAGR of 9% from 2021 and reach $191.1 billion in 2023.
Asia-Pacific was the largest region in the global seasoning and dressing market, accounting for 55% of the market in 2019.
North America was the second largest region accounting for 19% of the global seasoning and dressing market. Africa was the smallest region in the global seasoning and dressing market.
Many manufacturers and producers are increasingly using natural ingredients and have also reduced the use of artificial colors and flavors.
Health concerns of consumers is increasing the sales of products with natural ingredients, additives and coloring agents.
For instance, Pizza Hut stopped using artificial flavors and colors in its US stores in 2015.
Food and Beverage manufacturers should look to gain a stronger foothold in the increasingly popular healthy food products segment, either by introducing products with natural additives and coloring agents or by acquiring smaller firms that produce products with natural ingredients.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
It traces the market’s historic and forecast market growth by geography.
It places the market within the context of the wider seasoning and dressing market, and compares it with other markets.
The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the Covid 19 virus and forecasting its recovery.
Market segmentations break down market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
It covers the impact and recovery trajectory of Covid 19 for all regions, key developed countries and major emerging markets.
Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies.
Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
The seasoning and dressing market section of the report gives context. It compares the seasoning and dressing market with other segments of the syrup, seasoning, oils, & general food market by size and growth, historic and forecast.
It analyses GDP proportion, expenditure per capita, seasoning and dressing indicators comparison.
- MDH Spices
- Nestle S.A.
- The Kraft Heinz Company
- McCormick & Company Inc.
- Everest Spices
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