Opportunities in the Latin American Seasonings, Dressings & Sauces Sector: Analysis of Opportunities Offered by High Growth Economies


LONDON, June 12, 2017Summary

Global Seasonings, Dressings & Sauces sector was valued at US$99,510.3 Million in 2016 and is forecasted to record a CAGR of 5.4% during 2016-2021, to reach US$129,618.7 Million by 2021. Latin America had a 5.1% value share in the global SDS sector in 2016, and is forecasted to record a CAGR of 6.0% during 2016-2021, to reach US$6,817.0 Million in 2021 from US$5,085.9 Million in 2016. The preference for homemade food is a major factor driving the growth of SDS products in the region.

Latin America accounted for US$5,085.9 Million SDS product sales in 2016, the smallest region in the world after Middle East and Africa. Wet Cooking Sauces is the largest market, accounting for US$1,117.7 (22.0% of the overall SDS sector) in 2016 and is expected to reach US$1,646.2 Million in 2021 growing at a CAGR 8.1%, the highest among all the markets. At a country level, Brazil alone accounts for 60.5% of this sector, followed by Argentina and Chile. This high demand is driven by the consumer preference for sauces in home cooked meals and pastas.

Brazil is the largest market in terms of value in 2016, while Argentina is expected to record the highest CAGR of 11.3% during 2016-2021. A large middle-class population that prefers home cooked meals and growing time-scarcity among working individuals will drive higher demand in the coming years. In addition, the forecasted improvement in the financial situation of the region’s nations and growing tastes for authentic regional flavors and European cuisines will increase SDS product sales.

The value of SDS products in Latin America featuring Health & Wellness benefits stood at US$583.8 Million in 2016, accounting for 11.5% of the overall SDS sector in the region, and is forecasted to reach US$761.2 Million in 2021, at a CAGR of 5.5%. Brazil is the largest market for Health & Wellness sales in the region, accounting for 83.5% of Health & Wellness SDS sales. A Health conscious consumer base purchasing Seasonings and Dressings that have low volumes of salt and sugar will push Health & Wellness growth.

Hypermarkets & Supermarkets was the most important distribution channel for Latin American SDS sales, with a 69.1% channel share, followed by Convenience Stores with a 23.6% share in 2016. Among the high potential countries in the region, Brazil has the highest share of Hypermarkets & Supermarkets with 82.5%. Argentina and Colombia have a lower share of Hypermarkets & Supermarkets; however, investments from large retailers such as Walmart are expected to increase its share in these countries.

The report “Opportunities in the Latin American Seasonings, Dressings & Sauces Sector: Analysis of Opportunities Offered by High Growth Economies”, provide a comprehensive overview of the Latin American Seasonings Dressings & Sauces sector.

In depth, this report provides the following analysis –
– Market Overview: Includes sector size, market size and growth analysis by markets.
– Change in consumption: Provides an overview of the shift in the consumption of Seasonings, Dressings & Sauces by markets across different countries in the Latin American region.
– High potential countries: Provides Risk-Reward analysis of 6 countries across the Latin American region based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure. Out of 6, a total of 4 high potential countries are shortlisted.
– Health & Wellness analysis: Provides insights on the Health & Wellness products in terms of value and percentage share in the overall Seasonings, Dressings & Sauces sector during 2011-2021. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of Seasonings, Dressings & Sauces in 2016. It also covers the market share of leading companies offering Seasonings, Dressings & Sauces with health and wellness attributes in the same year.
– Brand Analysis: Provides an overview of leading brands in Latin America region, besides analyzing the growth of private label in the region.
– Key distribution channels: Provides analysis on the leading distribution channels in the Latin American SDS sector in 2016. It covers five distribution channels – Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, eRetailers, Cash & Carries and Warehouse Clubs and Others that include – “Dollar Stores”, Variety Stores & General Merchandise Retailers, Department Stores and Others.
– Preferred packaging formats: The report provides percentage share (in 2016) and growth analysis (during 2011-2021) for various packaging materials, container, closure, and outer types based on the volume sales (by pack units) of Seasonings, Dressings & Sauces.

Companies mentioned in this report: Unilever, Sabormex, Nestle, Mccormick, Grupo Herdez, Grupo Desc Sa, Dem Monte, Conservas la Costena, Carozzi, Alicorp.

Scope

This report brings together multiple data sources to provide a comprehensive overview of the Latin American Seasonings Dressings & Sauces sector. It includes analysis on the following –
– Market overview: Includes sector size, market size and growth analysis by markets .
– Change in consumption: Provides an overview of the shift in the consumption of Seasonings, Dressings & Sauces by markets across different countries in the Latin American region.
– High potential countries: Provides Risk-Reward analysis of 6 countries across the Latin American region based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure. Out of 6, a total of 4 high potential countries are shortlisted.
– Health & Wellness analysis: Provides insights on the Health & Wellness products in terms of value and percentage share in the overall Seasonings, Dressings & Sauces sector during 2011-2021. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of Seasonings, Dressings & Sauces in 2016. It also covers the market share of leading companies offering Seasonings, Dressings & Sauces with health and wellness attributes in the same year.
– Brand Analysis: Provides an overview of leading brands in Latin America region, besides analyzing the growth of private label in the region.
– Key distribution channels: Provides analysis on the leading distribution channels in the Latin American SDS sector in 2016. It covers five distribution channels – Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, eRetailers, Cash & Carries and Warehouse Clubs and Others that include – “Dollar Stores”, Variety Stores & General Merchandise Retailers, Department Stores and Others.
– Preferred packaging formats: The report provides percentage share (in 2016) and growth analysis (during 2011-2021) for various packaging materials, container, closure, and outer types based on the volume sales (by pack units) of Seasonings, Dressings & Sauces.

Reasons to buy

– Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the APAC region.
– The report provides a detailed analysis of the high potential countries in the region, covering the key challenges, competitive landscape and demographic analysis , that can help companies gain insight into the country specific nuances
– The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion
– To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates
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