The Seasoning And Dressing Global Market Report 2023 by The Business Research Company, provides seasoning and dressing market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
Learn More On The Seasoning And Dressing Market:
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According to The Business Research Company’s Seasoning And Dressing Global Market Report 2023, the global seasoning and dressing market size grew from $156.5 billion in 2022 to $170.17 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global seasoning and dressing market is expected to grow to $227.99 billion in 2027 at a CAGR of 7.6%.
Many countries across the globe are experiencing falling prices of crops due to overcapacity. This is expected to result in low raw material costs for seasoning and dressing manufacturing companies.
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The seasoning and dressing market is segmented:
1) By Type: Seasoning, Dressing
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
3) By Application: Meat & Poultry Products, Snacks & Convenience Food, Soups, Sauces, And Dressings, Bakery & Confectionery, Frozen Products, Beverages, Other Applications
Seasoning and dressing manufacturing companies are adopting automation and artificial intelligence (AI) technology to maximize production efficiency. Robotic systems automate the batching, conveying, processing, storage, and packaging of products, thus decreasing production cycle time and increasing output. AI incorporates novelty and creativity into the food by identifying a base formula for a flavour category, AI incorporates novelty and creativity into food. Automation enables seasoning processing companies to improve plant conditions, reduce contamination, and operate with minimal human interaction, thus making processing safer for workers as well as consumers. Plants with fixed automation systems increase yields by at least 2-3%. Kraft Heinz, Givaudan, McCormick, Ajinomoto, Kikkoman, and Kerry Group are some of the companies that use food automation equipment. For instance, McCormick, in collaboration with IBM Research, is using AI to create new palatable flavors. Kraft Heinz has invested in robotics and artificial intelligence to implement automation to reduce manufacturing inefficiencies.
The seasoning and dressing market report table of contents includes:
1. Executive Summary
2. Report Structure
3. Seasoning And Dressing Market Characteristics
4. Seasoning And Dressing Market Product Analysis
5. Seasoning And Dressing Market Supply Chain
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26. Seasoning And Dressing Market Competitive Landscape
27. Key Mergers And Acquisitions In The Seasoning And Dressing Market
28. Market Background: Syrup, Seasoning, Oils, & General Food Market
29. Recommendations
30. Appendix
Top Major Players:
- Archer-Daniels-Midland Company (ADM)
- Unilever plc
- The Kraft Heinz Company
- McCormick & Company
- KIKKOMAN CORPORATION
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