Country Profile: Seasonings, Dressings & Sauces sector in Mexico

Country Profile: Seasonings, Dressings & Sauces sector in Mexico

Summary

Mexican Seasonings, Dressings & Sauces sector accounted for a volume share of 4% of the global market and 19.5% of the regional (North America) market, in 2016. The urge for new taste and ethnic preferences and rising acceptance of multi-cuisine food formats among consumers is driving the demand for Seasonings, Dressings & Sauces in the country. This changing consumption pattern will have a strong influence on sales and consequently, its volume share in the North American region will rise from 19.5% in 2016 to 20.4% by 2021.

Seasonings, Dressings & Sauces sector is valued at Mex$57,492.5 million (US$3,080.0million) in 2016 and is expected to grow at a CAGR of 4.5% during 2016-2021. Per capita consumption stood at 7.55kg when compared to the global and North America levels of 4.51kg and 9.81kg, respectively, in 2016.

Convenience Stores is the leading distribution channel in the Mexican Seasonings, Dressings & Sauces sector, accounting for a total value share of 49.4% in 2016. The share of all major distribution channels increased marginally from 2011 levels. The Mexican Seasonings, Dressings & Sauces sector is consolidated with the top five players accounting for 56.3% of the market share by value in 2016. Private Labels accounted for 3.4% share by value in the same year.

Glass is the most commonly used packaging material in the Mexican Seasonings, Dressings & Sauces sector. In 2016, it accounted for a volume share of 50.9%, followed by Rigid Plastics, Paper & Board and Flexible Packaging, with shares of 22.6%, 10.4 and 9.9% respectively.

The report Country Profile: Seasonings, Dressings & Sauces sector in Mexico 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: GrupoHerdez S.A.B. de C.V, Conservas La Costena SA de CV, Mccormick& Company, Inc., Del Monte Foods Company, Sabormex, SA de CV, Salsa Tamazula, Nestle S.A., Unilever Plc, Kikkoman Corporation, Salsas SibaritaEs, Deliprime.

Scope

• Mexico is forecast to register the fastest overall volume growth
• Dressings is the largest market by value while Condiment Sauces lead in volume terms
• Convenience Stores is the largest distribution channel, followed by Hypermarkets & Supermarkets and Food & Drinks Specialists
• Herdez is the leading brand in the Mexican Seasonings, Dressings & Sauces sector in both value and volume terms
• Glass is the most commonly used packaging material in the Mexican 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.