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Cooking Sauces & Food Seasonings

Cooking Sauces & Food Seasonings

This Key Note Market Report examines the UK market for cooking sauces and food seasonings. Following a period of sustained year-on-year growth, value then dipped by 0.3% in 2014, reflecting the challenging nature of market conditions.

Decline was not exhibited in both sectors though. Instead, it was driven by the cooking sauces sector, the value of which accounts for the large majority of total market value. The combination of a drop in retail prices and falling volume sales in key categories resulted in an overall contraction, although some subsectors, such as Indian sauces, continued to perform well. In contrast, value sales increased significantly in the food seasonings sector off the back of rising demand and rising retail prices.

Branded manufacturers have traditionally dominated the marketplace, but now face increasing internal and external competition. This is especially true of the cooking sauces sector, within which sales of lower-cost private-label sauces are increasing, and the threats from ready meals — which offer greater mealtime convenience — continue to grow. Moreover, the sector is also being squeezed from the other end, with some Britons cooking from scratch so as to ensure the use of natural and healthy ingredients in their meals. Manufacturers have partially tapped into this trend by diversifying into recipe kits, but they have not benefitted as much as their counterparts in the food seasonings sector, products within which are essential for home cooking and are also well positioned to...


Introduction & Definition
REPORT COVERAGE
MARKET SECTORS
1. Executive Summary
2. What’s KEY in the Market?
KEY DRIVERS
MARKET TRENDS
Brands Versus Private Label
New Product Developments
Cooking and Flavour Trends
ECONOMIC TRENDS
Table 2.1: UK Economic Trends (000, £m, %, million and £), 2010-2014
MARKET POSITION
Table 2.2: UK Household Expenditure on Other Food,
Including Cooking Sauces and Food Seasonings,
as a Proportion of Household Expenditure
on All Food (£m at rsp and %), 2010-2014
Table 2.2: UK Household Expenditure on Other Food, Including Cooking Sauces
and Food Seasonings and Household Expenditure on All Food (£m at rsp),
2010-2014
HOW ROBUST IS THE MARKET?
3. Market Size, Segmentation & Forecasts
MARKET SIZE & SEGMENTATION
The Total Market
Table 3.1: The Total UK Cooking Sauces and Food Seasonings Market by Sector
by Value at Current Prices (£m at rsp), 2010-2014
Figure 3.1: The Total UK Cooking Sauces and Food Seasonings Market by Sector
by Value at Current Prices (£m at rsp), 2010-2014
Market Sectors
Cooking Sauces
Table 3.2: The UK Cooking Sauces Sector by Value
at Current Prices (£m at rsp and %), 2010-2014
Food Seasonings
Table 3.3: The UK Food Seasonings Sector by Value
at Current Prices (£m at rsp and %), 2010-2014
FORECASTS
Future Trends
Demand for Premium Products
Emergence of New Ethnic Cooking Sauces
Natural Foods and Diet Trends
Future Economic Trends
Table 3.4: Economic Forecasts (000, % and million), 2015-2019
Forecast Total Market
Table 3.5: The Forecast Total UK Cooking Sauces
and Food Seasonings Market by Sector by Value
at Current Prices (£m at rsp), 2015-2019
Figure 3.4: The Forecast Total UK Cooking Sauces
and Food Seasonings Market by Sector by Value
at Current Prices (£m at rsp), 2015-2019
MARKET GROWTH
Figure 3.5: The Actual and Forecast Total UK Cooking Sauces and Food Seasonings
Market by Value at Current Prices (£m at rsp), 2010-2019
4. International Perspective
OVERVIEW
OVERSEAS TRADE
General Overview
Table 4.1: UK Trade Balance for Sauces and Preparations Including Mixed
Condiments and Mixed Seasonings (£m), 2012-2014
Figure 4.1: UK Trade Balance for Sauces and Preparations Including Mixed
Condiments and Mixed Seasonings (£m), 2012-2014
Exports
Table 4.2: UK Exports of Sauces and Preparations Including Mixed Condiments
and Mixed Seasonings (£m), 2012-2014
Imports
Table 4.3: UK Imports of Sauces and Preparations Including Mixed Condiments
and Mixed Seasonings (£m), 2012-2014
5. Competitor Analysis
MARKET LEADERS
Table 5.1: Selected Leading Companies Engaged in the UK Market for Cooking
Sauces and Food Seasonings by Turnover (£000), Latest Financial Year
AB World Foods Ltd
Table 5.2: Financial Results for AB World Foods Ltd (£000),
53 Weeks Ending 18th September 2010 and Years Ending
17th September 2011, 15th September 2012,
14th September 2013 and 13th September 2014
Greencore Grocery Ltd
Table 5.3: Financial Results for Greencore Grocery Ltd (£000), Years Ending
24th September 2010, 30th September 2011,
28th September 2012, 27th September 2013 and 26th September 2014
Mars Food UK Ltd
Table 5.4: Financial Results for Mars Food UK Ltd (£000), Years Ending
1st January 2011, 31st December 2011, 29th December 2012, 28th December 2013
and 27th December 2014
McCormick (UK) Ltd
Table 5.5: Financial Results for McCormick (UK) Ltd (£000), Years Ending
30th November 2010-2014
Premier Foods Group Ltd
Table 5.6: Financial Results for Premier Foods Group Ltd
(£000), Years Ending 31st December 2010-2013
and 66-Week Period Ending 4th April 2015
Santa Maria UK Ltd
Table 5.7: Financial Results for Santa Maria UK Ltd (£000),
Years Ending 31st December 2009-2013
Symington’s Ltd
Table 5.8: Financial Results for Symington’s Ltd (£000),
Years Ending 27th February 2011, 25th February 2012,
24th February 2013, 23rd February 2014 and 53 Weeks Ending 1st March 2015
Unilever PLC
Table 5.9: Financial Results for Unilever PLC (€m),
Years Ending 31st December 2010-2014
OTHER COMPANIES
General Mills UK Ltd
HJ Heinz Foods Ltd
Princes Ltd
Sacla UK Ltd
The Bart Ingredients Co Ltd
NUMBER OF COMPANIES
By Turnover
Table 5.10: Number of UK VAT- and/or PAYE-Based Enterprises Engaged
in the Manufacture of Condiments and Seasonings
by Turnover Sizeband (£000, number and %), 2013 and 2014
By Employment
Table 5.11: Number of UK VAT- and/or PAYE-Based Enterprises Engaged
in the Manufacture of Condiments and Seasonings
by Employment Sizeband (number and %), 2013 and 2014
Regional Variation in the Marketplace
Table 5.12: Number of UK VAT- and/or PAYE-Based Enterprises Engaged
in the Manufacture of Condiments and Seasonings
by Region (number and %), 2013 and 2014
MARKETING ACTIVITY
Table 5.13: Main Media Advertising Expenditure
on Cooking Sauces and Food Seasonings (£000), Years Ending June 2013-2015
KEY TRADE ASSOCIATIONS
EXHIBITIONS/TRADE SHOWS
6. Buying Behaviour
CONSUMER PENETRATION
Table 6.1: Penetration of Pasta Sauces and Other
Cooking Sauces in the Last 12 Months (% of main shoppers), March 2015
By Sex
Table 6.2: Penetration of Pasta Sauces and Other Cooking Sauces in the Last
12 Months by Sex (% of main shoppers), March 2015
By Age
Table 6.3: Penetration of Pasta Sauces and Other Cooking Sauces in the Last
12 Months by Age Group (% of main shoppers), March 2015
By Social Grade
Table 6.4: Penetration of Pasta Sauces and Other Cooking Sauces in the Last
12 Months by Social Grade (% of main shoppers), March 2015
By Household Size
Table 6.5: Penetration of Pasta Sauces and Other Cooking Sauces in the Last
12 Months by Household Size (% of main shoppers), March 2015
By Region
Table 6.6: Penetration of Pasta Sauces and Other Cooking Sauces in the Last
12 Months by Region (% of main shoppers), March 2015
By Frequency
Table 6.7: Penetration of Pasta Sauces and Other Cooking Sauces in the Last
12 Months by Frequency of Purchase (% of main shoppers), March 2015
By Type
Pasta Sauces
Table 6.8: Penetration of Pasta Sauces in the Last 12 Months
by Type (% of main shoppers), March 2015
Other Sauces
Table 6.9: Penetration of Other Cooking Sauces in the Last
12 Months by Type (% of main shoppers), March 2015
7. Strengths, Weaknesses, Opportunities & Threats
STRENGTHS
WEAKNESSES
OPPORTUNITIES
THREATS
8. PESTEL
POLITICAL
ECONOMIC
SOCIAL
TECHNOLOGICAL
ENVIRONMENTAL
LEGISLATIVE
9. Further Sources
Associations
Publications
General Sources
Government Publications
Other Sources
Understanding Consumer Survey Data
Number, Profile, Penetration
Social Grade
Standard Region
Key Note Research

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