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New Report Forecasts That the UK Cooking Sauces and Food Seasonings Market Will Rise By Between 1.8% and 2.3% Year on Year to 2010

Posted on: Friday, 4 May 2007, 06:00 CDT

Research and Markets (http://www.researchandmarkets.com/reports/c55911) has announced the addition of Cooking Sauces And Food Seasonings Market Report 2006 to their offering.

The total UK market for cooking sauces and food seasonings has experienced ongoing value growth since 2001, reaching £570m at retail selling prices (rsp) in 2005. This represents a growth of 4% on 2004, and a rise of 13.8% over the whole period. The main products covered in this report are ambient, packet and fresh chilled sauces, and mixes; and salt, pepper and other spices.

The shift towards more convenient food options has impacted on the market. Increasing sales of ready meals and prepared meal centres has meant that more `involved' products, such as cooking sauces -- seasonings, in particular -- have experienced some decline in volume. The growth in foodservice and eating out has also had an adverse affect on the market.

More positively, the increasing variety of cuisines and flavours available through shortcuts such as sauces and marinades has made home cooking more accessible to some consumers. As the cookery media has become entertainment rather than education, there has been demand for simple ways to achieve more interesting meals. The endorsement of convenience food ranges by celebrities, such as Loyd Grossman, has added to the perceived legitimacy of such products.

Value has also been developed as consumers have traded up to more authentic ingredients. National dishes have given some ground to regional and local recipes, as consumers have become more interested in eating less Anglicised versions. Healthy-eating options offering lower fat, salt or sugar recipes also command premium prices, as do organic sauces and seasonings.

The success of the barbecue market has provided another opportunity for products that can be used as marinades in the preparation of foods. This has aided some brands in gaining a year-round presence: previously, products for hot, cooked dishes might have languished in the warmer weather.

There are a number of international players in the market, such as Campbell's, General Mills, Mars and McCormick. High-profile brands include Dolmio, Uncle Ben's, Sharwoods, Homepride and Kikkoman. These have attracted some promotional and advertising support for the sector.

Despite value growth since 2001, the penetration levels for cooking sauces and food seasonings have fallen, with around three in ten consumers buying in either category in 2005. However, the outlook for the sector still has positive aspects, as suppliers look to focus on adding value to products and the market as a whole. Key Note forecasts that, over the 5-year period to 2010, the cooking sauces and food seasonings market will rise by between 1.8% and 2.3% year on year.

Some Companies Mentioned:

Campbell's UK Ltd

G Costa and Co Ltd

Discovery Foods Ltd

General Mills UK Ltd

HP Foods Ltd

JFC (UK) Ltd

Mars UK Ltd

McCormick (UK) Ltd

Premier International Foods UK Ltd

RHM PLC

Sacla UK Ltd

Unilever UK Foods

Worldwing Investments Ltd

RH Amar & Co Ltd

Dress Italian Ltd

English Provender Company Ltd

Fiddes Payne Ltd

Greencore Group PLC

The Grocery Company Ltd

Maldon Crystal Salt Company Ltd

The New Covent Garden Soup Co Ltd

Princes Ltd

SHS Group Ltd

Temple Foods Ltd

TRS Wholesale Co Ltd

For more information visit http://www.researchandmarkets.com/reports/c55911

Source: Business Wire

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