Country Profile: Seasonings, Dressings & Sauces sector in China
Chinese Seasonings, Dressings & Sauces sector accounted for a volume share of 17.5% of the global market and 38.2% of the regional (Asia-Pacific) market, in 2016. The preference for traditional Chinese sauces with rising economy and increasing urbanisation rate are contributing to the growth of the Chinese Seasonings, Dressings & Sauces sector. The demand for Seasonings, Dressings & Sauces in China is expected to increase and consequently, its volume share in Asia-Pacific will rise to 42% by 2021.
Seasonings, Dressings & Sauces sector is valued at C¥85,673.8 million (US$13,011.8 million) in 2016 and is expected to grow at a CAGR of 10.1% during 2016-2021. Per capita consumption stood at 0.03kg when compared to the global and Asia-Pacific levels of 4.51kg and 3.19kg, respectively, in 2016.
Hypermarkets & Supermarkets is the leading distribution channel in the Chinese Seasonings, Dressings & Sauces sector, accounting for a total value share of 70.1% in 2016. The share of Department Stores remained constant at 19.1% while rest all other channels share increased marginally from 2011 levels.
The Chinese Seasonings, Dressings & Sauces sector is partly fragmented with the top five players accounting for 25.7% of the market share by value in 2016. Private labels accounted for 6.9% share by value in the same year.
The report Country Profile: Seasonings, Dressings & Sauces sector in China provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and brands market shares.
In particular, this report provides the following analysis -
Market data: Overall market value and volume data with growth analysis for 2011-2021
Category coverage: Value and growth analysis for Bouillons & Stocks, Chutneys & Relishes, Condiment Sauces, Dips, Dressings, Dry Cooking Sauces, Herbs, Spices & Seasonings, Tomato Pastes and Purées, and, Wet Cooking Sauces with inputs on individual category share within each market and the change in their market share forecast for 2016-2021
Leading players: Market share of brands and private labels, including private label growth analysis from 2011-2016
Distribution data: Percentage of sales within each market through distribution channels such as Cash & Carries and warehouse Clubs, Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, eRetailers and others
Packaging data: Consumption breakdown for packaging materials and containers in each market, in terms of percentage share of number of units sold. Packaging material data for Glass, Flexible Packaging, Paper & Board, Rigid Plastics, and others; container data for: Jar, Bottle, Bag/Sachet, Tub, Box, Pouch, and Tube.
Companies mentioned in this report: Linyi Taitaile Seasoning Co.,Ltd, Mccormick & Company, Inc., Nestle S.A., Qian xi ren ja, Rapunzel Naturkost, Shanghai Totole Flavouring Food Co. Ltd., Unilever Plc, Campbell Soup Company, Massel, Bull head, Edward & Sons, Hormel Foods Corporation, La Vache.
Condiment Sauces is the largest market by value in 2016 and it is expected to grow at a CAGR of 10.1% during 2016-2021
Hypermarkets & Supermarkets is the leading distribution channel in the Chinese Seasonings, Dressings & Sauces sector
Private labels accounted for6.9% share by value in 2016
Glass is the most commonly used packaging material in the Chinese Seasonings, Dressings & Sauces sector
Consumers are trading down to value for money products in the Chinese Seasonings, Dressings & Sauces sector
Reasons to buy
Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
Gain an understanding of the total competitive landscape based on detailed brand share analysis to plan effective market positioning
Manufacturers can identify the opportunities to position products with H&W attributes/benefits
Access the key and most influential consumer trends driving Seasonings, Dressings & Sauces products consumption, and how they influence consumer behavior in the market which will help determine the best audiences to target
Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector
Analysis on key macro-economic indicators such as GDP per capita, population (overall and breakdown by age), and consumer price index. It also covers a comparative analysis of political, economic, socio-demographic, and technological indicators (PEST) across 50 countries.