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Transcript of Seasonings, Herbs & Spices Report Preview
SEASONINGSHERBS & SPICES
A S I A P A C I F I C 20 1 4
Seasonings, Herbs & Spices
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WESTERN EUROPE EASTERN EUROPE NAFTA CENTRAL & SOUTH AMERICA ASIA PACIFIC MIDDLE EAST & AFRICA
Volume usage 313,860 tonnes 124,063 tonnes 515,565 tonnes 68,884 tonnes 309,391 tonnes 38,742 tonnes
Volume growth rate
2004 to 2009 1.5% 4.0% 1.8% 4.3% 3.2% 2.5%
Market value $1.3 billion $0.5 billion $2.0 billion $0.4 billion $1.4 billion $0.2 billion
Forecast value growth rate
2009 to 2014 1.7% 2.9% 1.6% 3.4% 2.9% 2.1%
Key Markets
UKGermanyFranceSpainItaly
RussiaUkrainePoland
USA Brazil ChinaJapanIndia
Turkey
Highlights
> UK is the largest market by volume
> Usage in Spain is forecast to grow by 4.9%
> Meat & savoury products is the largest sector
> Russia is the largest market
> Snacks is one of the fastest growing sectors for seasonings
> The market in Ukraine is forecast to be worth $115m by 2014
> USA accounts for 87% share of the market by volume
> Snacks is the largest sector
> Usage in Mexico is forecast to grow by 4.9%
> Meat & savoury products is the largest sector
> Brazil is the fastest growing market
> China is the largest market
> Usage in India is forecast to grow at a rate of 5.2%
> Sauces & dressings accounts for 25% of seasonings usage
> Meat & savoury products accounts for almost half total usage of seasonings
> Turkey is the largest market
ASIA PACIFIC
309,391 tonnes
NAFTA
515,565 tonnes
WESTERN EUROPE
313,860 tonnes
MIDDLE EAST & AFRICA
38,742 tonnes
23%9%
CENTRAL & SOUTH AMERICA
68,884 tonnes
22%
All data for 2009. Source: RTS Resource. See report for full list of definitions
38%
Global Overview
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EASTERN EUROPE
124,063 tonnes
The e!ects of recession
Despite the current global recession, the focus does not have to be on cheapness and ‘value’. This is (and always has been) a question of perspective. Declines in
dining out or consumption of ready meals open up other opportunities which may comprise added value meals or components. Even in a recession, many consumers will still have considerable disposable incomes and average
food purchases today take up a much smaller proportion of overall expenditure than they did in the past. So, despite the undoubted pressures, opportunities will remain.
Consumers will still want to indulge, treat themselves and try
new tastes. They will also continue to be interested in healthier eating and in overall well-being. Perhaps towards the end of the forecast period, as the economic situation
improves, ready meals, added value meal centres and snacks may provide a stronger path to even further growth and development of foods, providing that consumers can be convinced of their suitability.
The food market and ingredients
The task of the food ingredient supplier is, arguably, one of the most demanding. To be successful, the supplier not only needs to assess and respond to latest consumer trends and demands but must also understand the complexities of the market and the supply chain - as well as its own relationships with food manufacturers and
retailers. All of these are necessary in order to understand the demands of the market as a whole and thereby e!ectively identify new opportunities and satisfy customer requirements.
These complexities and demands of the market increase the need for information. To plan for the future e!ectively requires a total view of the market and its many developments. In addition, many of the market pressures being experienced by
manufacturers and retailers are being downloaded to suppliers who, in turn, are expected to become more professional, market-aware and pro-active.
Encouraging signs
Whilst severe market pressures will prevail there are more encouraging signs that, over the longer-term, disposable incomes will rise. This, in turn, will boost a parallel demand for eating out, added value and convenience, and healthy food and drink
Seasonings, Herbs & Spices Market Analysis
rts © RTS Resource 2009 1 - 11 www.rts-resource.com CO
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effective planning for the future
requires a total view of the market
and its many developments
I N D O N E S I A
In Indonesia, 10,379 tonnes of industrial seasonings, herbs and spices were used in 2009 in market worth $32m. The largest segments are snacks and juices, soft drinks
and carbonated (both at 2,694 tonnes).
Use of seasonings, herbs and spices in snacks is expected to grow to 2,957 tonnes by 2014, growing at a rate of 1.9% per year compared to juices, soft drinks and carbonated at which is forecast to grow at a rate of 1.8% per to reach 2,946 tonnes.
Total usage of seasonings, herbs and spices in Indonesia
is forecast to grow by 2.2% a year in volume terms to reach 11,600
tonnes by 2014. Value growth is anticipated to be slightly higher at 2.7% per year, with the market forecast to be worth $37m by 2014. For more detailed analysis
please refer to the datapack.
Seasonings, Herbs & Spices Market Analysis
rts © RTS Resource 2009 1 - 39 www.rts-resource.com
USAGE BY SECTOR
Indonesia : Usage of seasonings, herbs & spices by key sector, 2009tonnes
Source: RTS Resource
Note: See Sources and Definitions for more information
Other
1,373
Meat & savoury
836
Sauces &
dressings
1,119Cakes &
pastries
1,663
Soft drinks
2,694
Snacks
2,694
OPPORTUNITIES BY SECTOR
Indonesia : Forecast growth in usage of seasonings, herbs & spicesby growth sector, 2009 - 2014tonnes
Source: RTS Resource
Note: See Sources and Definitions for more information
Pasta, rice, noodles
Snacks
Soft drinks
Cakes & pastries
Sauces & dressings +113 tonnes
+149 tonnes
+253 tonnes
+263 tonnes
+288 tonnes
Spicy Fried Cup Noodles
Brand Pop Mie
Manufacturer Indofood
Pop Mie has introduced two new flavours: Fried
Special and Spicy Fried
10,379 tonnes
2.8% growth rate
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ISdatapacksee the datapack for more
data and analysis...
Seasonings, Herbs & Spices Country Profiles
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Capital Land Mass
km²Population
thousand peopleCurrency
symbolGDP
$bnInflation
%
Bulgaria Sofia 108,489 7,497 Bulgarian Lev (BGL) $94 12.3%
Czech Prague 77,247 10,411 Czech Koruna (CZK) $263 6.3%
Hungary Budapest 89,608 9,973 Hungarian Forint (HUF) $197 6.1%
Poland Warsaw 304,255 38,038 Polish Zloty (PLN) $668 4.2%
Romania Bucharest 229,891 21,190 Romanian Lei (ROL) $271 7.8%
Russia Moscow 16,377,742 140,367 Russian Rouble (RUB) $2,266 14.1%
Slovakia Bratislava 48,105 5,412 Euro (EUR) $200 4.6%
Ukraine Kiev 579,330 45,433 Ukraine Hryvnia (UAH) $340 25.2%
E A S TER N
E U R O P E
Notes: Forecast population, 2010. Inflation rate at consumer prices.
Source: RTS Resource from CIA World Factbook. Population from Population Division of the Department of Economic and Social A!airs of the United Nations Secretariat,
World Population Prospects: The 2008 Revision, http://esa.un.org/unpp, Monday, September 07, 2009
WESTERN EUROPEWESTERN EUROPEFRANCEFRANCE
Avon & Ragobert (Sovi) www.avonetragobert.com
Campofrio Food Group www.campofriofoodgroup.com
Charal www.charal.fr
Cuisine Solutions www.cuisinesolutions.com
Fleury Michon www.fleurymichon.fr
Group Aoste www.groupeaoste.com
Hereford Meat (Sovi) www.hereford-meat.com
Marie www.marie.fr
Monique Ranou www.ranou.fr
Moy Park www.moypark.com
Pierre Schmidt www.pierre-schmidt.fr
Spangherro www.spanghero.fr
The LDC Group www.LDC.fr
GERMANYGERMANYBauerngut Fleisch und Wurstwaren GmbH www-bauerngut.fischer-cgd.com
Bernhard Barfuss GmbH & Co. KG Fleischwarenfabrik www.barfuss.de
Emil Rolo! KG www.rolo!-kg.de
Franz Wiltmann GmbH www.wiltmann.de
Herta GmbH www.herta.de
Karl Konecke Fleischwarenfabrik GmbH www.koenecke.de
Lutz Fleischwaren AG www.lutz-fleischwaren.de
Müller Fleisch GmbH Fleischgroßhandel www.mueller-fleisch.de
Sauels www.sauels.de
Schne Frost www.schne-frost.com
Spille www.spile.de
Stockmeyer Group (Heristo) www.heristo.de
Vion www.vion-Frankfurt.de
Vossko www.vossko.de
West Fleisch www.westfleisch.de
Wiesenhof (PHW Group) www.wiesenhof-online.de
Zimmermann www.fleischwerke-zimmermann.de
Zur Muhlen Gruppe www.zurmuehlengruppe.de
ITALYITALY
AIA Group (Veronesi) www.aia-spa.it
Beretta www.berettafood.com
Campagnolo www.campagnolo.it
Citterio www.citterio.com
Fileni www.fileni.it
Fileni www.fileni.it
Fiorucci www.fiorucci.com
Gianni Negrini Salumi www.negrinisalumi.com
ICAT Food www.icatfood.it
Inalca SpA www.inalca.it
Levoni www.levoni.it
Negroni www.negroni.com
Raspini www.raspinisalumi.it
NETHERLANDSNETHERLANDS
Advang Holding (Ad van Geloven) www.advangeloven.com
Encko www.encko.com
Unilever www.unilever.nl
Vion (Incl. Hendrix meat) www.vionfreshmeatnl.com
Vleems Food Products www.vleemsfood.nl
Zwanenberg Food Group www.zwanenberg.nl
SPAINSPAIN
Aragonesa de Piensos www.arpisa.com
Argal www.argal.com
Carnes Estelles www.carnes-estelles.com
Casa Tarradellas www.casatarradellas.es
Come a casa (ter beke) www.come-a-casa.com
Elpozo www.elpozo.es
Esouna www.espuna.es
Eurofrits www.eurofrits.es
Frimesa www.frimesa.net
Incarlopsa www.incarlopsa.es
Industrias Frigorificas del Louro www.coren.es
Noel www.noel.es
UKUK
2 Sisters Food Group www.2sfg.com
Anglo Beef processors www.anglobeef.com
Bernard Matthews Foods www.Bernardmatthewsfarms.com
Calder Foods www.calderfoods.co.uk
Grampian Country Foods www.vionuk.com
Kerry Group www.kerrygroup.com
Moy Park www.moypark.com
Vion UK www.vionuk.com
EASTERN EUROPEEASTERN EUROPE
POLANDPOLAND
Drobimex www.drobimex.com.pl
Felix www.felix.ipd.pl
Kieldrob www.kieldrob.eu
Mazury www.zm-mazury.pl
Seasonings, Herbs & Spices Manufacturers
rts © RTS Resource 2009 F - 2 www.rts-resource.com
Meat & Savoury Products
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Central & South America - Seasonings, Herbs & Spices
tonnes 2004 2009p Growth2004-2009 2014f Growth
2009-2014 $m 2009p 2014f Growth2009-2014
Argentina 4,790 5,831 4.0% 6,788 3.1% Argentina $45.7 $53.0 3.0%
Brazil 36,013 44,765 4.4% 53,216 3.5% Brazil $268.2 $318.7 3.5%
Other CSA 14,898 18,288 4.2% 21,081 2.9% Other CSA $107.1 $125.1 3.2%
TOTAL 55,701 68,884 4.3% 81,085 3.3% TOTAL $421.0 $496.8 3.4%
tonnes 2004 2009p Growth2004-2009 2014f Growth
2009-2014 $m 2009p 2014f CAGR2009–2014
Fruit & vegetables 286 343 3.7% 407 3.5% Fruit & vegetables $2.3 $2.7 3.4%
Carcase meats 263 422 10.0% 631 8.4% Carcase meats $2.8 $4.2 8.2%
Meat & savoury products 26,931 33,004 4.2% 38,528 3.1% Meat & savoury products $225.9 $262.1 3.0%
Ready meals 11,231 15,012 6.0% 18,706 4.5% Ready meals $98.6 $122.1 4.4%
Fish & seafood 7 9 4.7% 10 3.5% Fish & seafood $0.1 $0.1 3.4%
Flour, pasta, rice 332 420 4.8% 516 4.2% Flour, pasta, rice $2.9 $3.5 4.0%
Bread & morning goods 174 202 3.0% 231 2.7% Bread & morning goods $1.4 $1.6 2.6%
Biscuits & cookies 66 77 3.1% 88 2.7% Biscuits & cookies $0.5 $0.6 2.5%
Cakes & pastries ns ns ** ns ** Cakes & pastries ns ns **
Breakfast cereals & bars ns ns ** ns ** Breakfast cereals & bars ns ns **
Milk & milk drinks ns ns ** ns ** Milk & milk drinks ns ns **
Milk powders ns ns ** ns ** Milk powders ns ns **
Butter & yellow fats ns ns ** ns ** Butter & yellow fats ns ns **
Cheese ns ns ** ns ** Cheese ns ns **
Cream & condensed milk ns ns ** ns ** Cream & condensed milk ns ns **
Yogurt & desserts ns ns ** ns ** Yogurt & desserts ns ns **
Ice cream & frozen desserts ns ns ** ns ** Ice cream & frozen desserts ns ns **
Confectionery 5 5 1.9% 6 1.3% Confectionery $0.0 $0.0 1.2%
Snacks 11,753 13,585 2.9% 14,843 1.8% Snacks $48.3 $53.3 2.0%
Soups & bouillon 675 705 0.9% 737 0.9% Soups & bouillon $4.8 $5.0 0.9%
Sauces & dressings 3,601 4,621 5.1% 5,808 4.7% Sauces & dressings $30.2 $37.8 4.6%
Baby foods 71 75 1.2% 79 1.0% Baby foods $0.5 $0.5 1.0%
Pet foods ns ns ** ns ** Pet foods ns ns **
Hot beverages 2 2 2.2% 2 0.4% Hot beverages $0.0 $0.0 0.5%
Soft drinks 305 403 5.8% 493 4.1% Soft drinks $2.7 $3.2 3.7%
Alcoholic drinks ns ns ** ns ** Alcoholic drinks ns ns **
TOTAL 55,701 68,884 4.3% 81,085 3.3% TOTAL $421.0 $496.8 3.4%
Central & South America : Volume usage of seasonings, herbs and spices by sector, 2004 to 2014
C & S America : Forecast market value of seasonings, herbs and spicesby sector, 2009 to 2014
Source: RTS Resource. See report for full list of definitions and sources.
Note: All numbers rounded. Growth = CAGR. ns = not significant.
Note: All numbers rounded. Growth = CAGR. ns = not significant.
Volume usage by sector Market value by sector
Volume usage by country Market value by countryCentral & South America : Volume usage of seasonings, herbs and spices by country, 2004 to 2014
C & S America : Forecast market value of seasonings, herbs and spices by country, 2009 to 2014
Source: RTS Resource. See report for full list of definitions and sources.