Spice and Extract Manufacturing - 2020 U.S. Industry Market Research Report
The 2020 Spice and Extract Manufacturing Industry Market Research Report is one of the most comprehensive and in-depth assessments of the industry in the United States with over 100 data sets covering 2011-2024.
This Kentley Insights report includes historical and forecasted industry size, product lines, profitability, financial ratios, BCG matrix, statistics by state, operating expense details, cost of materials and inventory, organizational breakdown, consolidation analysis, employee productivity, price inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on companies, facilities, employees, payroll, and much more.
This U.S. industry includes companies primarily engaged in (1) manufacturing spices, table salt, seasonings, flavoring extracts (except coffee and meat), and natural food colorings and/or (2) manufacturing dry mix food preparations, such as salad dressing mixes, gravy and sauce mixes, frosting mixes, and other dry mix preparations.
This report is based on extensive business surveys and econometrics. Professionals utilize this report for market sizing, benchmarking, strategic planning, due diligence, valuations, cost-cutting, planning, understanding industry dynamics, evaluating opportunities, forecasting, streamlining, gap analysis, and other analyses.
Review the table of contents to see the data-rich insights, which leaders have come to depend on for their research, strategic, and benchmarking needs.
Below are a few of the hundreds of stats from the 2020 Spice and Extract Manufacturing Industry Market Research Report:
In 2019, industry sales were $11.7 billion
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Over the past 3 years, the industry has grown at an annual rate of 2.5%
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There are 358 companies in the industry
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SALES PER COMPANY
In 2019, the average sales per company was $32.6 million
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INFLATION & PRICING
2020 forecasted inflation is 1.6%
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FINANCIAL RATIO BENCHMARKS
Companies average a Fixed Asset Turnover ratio of 2.7
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Employee productivity is $587,485
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1.8% of expenses are spent on health insurance
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In 2019, industry operating expenses grew 2.7%
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In 2019, payroll per employee was $64,912
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California averages $55,627 in payroll per employee
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JOB CATEGORIZATION BENCHMARKS
4.7% of employees in the industry are in management positions
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JOB CATEGORIZATION PAY RANGES
The average industry hourly pay for office and administrative jobs is $19.21
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The above highlights represent a small fraction of what you will find in this report.
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