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Food For Thought Publishes New Report on Dressings and Condiments Market in Europe - The “Dressings And Condiments Market in Western Europe” covers 16 countries and puts direct human consumption at Euros 11.5 billion in 2008, or 1.0% of the all food and drink market of Euros 1111 billion
Food For Thought Publishes New Report on Dressings and Condiments Market in Europe

 

NewswireToday - /newswire/ - Geneva, Switzerland, 2009/10/21 - The “Dressings And Condiments Market in Western Europe” covers 16 countries and puts direct human consumption at Euros 11.5 billion in 2008, or 1.0% of the all food and drink market of Euros 1111 billion.

   
 
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This total Dressings and Condiments market is forecast to grow at an average annual real 1.41% during the 2008 - 2011 period, compared to only 0.51% for the total food and drink market.

More than 591 companies are involved in this market across Europe, with the Top-10 companies supplying 47.3% of the market. Current major players are Unilever with a market share of 11.8%, followed by Heinz (6.7%) and McCormick (4.9%). FFT’s online database tracks and incorporates M&A activity on a continuous basis.

Eight product markets are covered - Mayonnaise, Salad dressings, Ketchup, Vegetables in Vinegar, Mustard, Table salt, Herbs & spices, Vinegar - in the 16 countries covered by the survey. Thus the report covers 128 country and product markets, with Unilever have a leading presence, being present in 94 markets.

Country Markets
The largest country market is Germany, with a 26% share of the total 2008 West European dressings & condiments market, worth Euros 11.5 billion (for 20% of the total population), the 3 largest country markets, including Italy and France, make up 47% of the total dressings & condiments market (for 51% of the total population) and the 5 largest country markets, including the U.K. and Spain, make up 77% of the West European market (for 77% of the total population).

The best 3 countries market performances based on annual real % growth (2003-2008) are Austria (+2.2%), Norway (+2.1%) and Portugal (+2.1%)

Product Markets
The largest product market is Vegetables in Vinegar with a 27% share of the total 2008 dressings & condiments market, or Euros 3.1 billion.
The next largest product market, Herbs & spices, makes up 21% of the total market, or Euros 2.4 billion.
The three largest product markets, adding Mayonnaise to Vegetables In Vinegar and Herbs & Spices, make up 61% of the total market, or Euros 7 billion.
The best 3 product market performances based on annual real % growth (2003-2008) are salad dressings with 1.6%, followed by herbs & spices and vinegar with 1.5% and 0.9% respectively.

Foodservice
The total foodservice market is worth 22.7% or Euros 2.6 billion, and the retail market worth 77.3% with a Euros 8.9 billion.

Own Label
In the total market by value, distributors' own label products now make up 20.3%, with manufacturers' branded products making up 75.7% of the total market, the difference being made up by unbranded products and artisanal products (own made for own sale, e.g. by butchers ).

Retail distributors' own label products continue to make inroads into manufacturers' branded products in many food and drink markets. Artisanal products (own-produced for own sale) and unbranded products (important in say fresh fruit and vegetable markets) make up the rest of distribution.

 
 
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Written by / Agency / Source: Food for Thought FFT S.A.

 
 

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Food For Thought Publishes New Report on Dressings and Condiments Market in Europe

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