Market Overview:
The global compound seasoning product market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for convenience foods and rising disposable income of consumers. On the basis of type, chicken essence is expected to account for a major share of the global compound seasoning product market in 2018. This can be attributed to its high demand in Asia Pacific region. However, western-style compound seasoning is projected to exhibit highest CAGR over the forecast period owing to its growing popularity among consumers in developed countries such as Europe and North America. On the basis of application, online sales are expected witness higher growth than offline sales during the forecast period.
Product Definition:
Compound seasoning product is a blend of spices that are used to enhance the flavor of food. The importance of compound seasoning product is that it can add flavor to food without using a lot of salt or fat.
Chicken Essence:
The chicken essence is the extract of raw or cooked chicken meat. It contains various vitamins, proteins and amino acids which are essential for human health. The product also has some minerals like iron, zinc and calcium which helps in maintaining the bone health of consumers.
It is widely used as a flavor enhancer in various food products such as soups, sauces & dressings, bakery items etc., to enhance their taste without compromising on nutrition levels.
Hot Pot Bottom Material:
Hot pot bottom material is a by-product obtained during the processing of vegetable oils. It consists of partially hydrogenated soybean oil, which has been used in food products as an alternative to salt and pepper. The product finds application in the food industry for human consumption as well as for pet consumption (for instance, cat or dog treats).
Application Insights:
The offline sales dominated the global market, accounting for more than 70.0% share of the total revenue in 2017. The primary reason behind this is that online channels offer easy and instant access to customers, while offline stores have to travel to a customer's home or place of business and prepare the meal personally, which can take more time. Moreover, many restaurants have started using these products as they enhance the taste of food without adding additional calories or fat. Online channel is expected to be fastest-growing application segment over forecast period owing to growing internet penetration and increasing use of electronic devices by consumers around the world.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a considerable growth rate of 5.6% over the forecast period, owing to increasing demand for seasoning products with unique flavors from U.S., Canada, and Mexico among other countries in North America and Europe. Asia Pacific is anticipated to be one of the fastest-growing regional markets from 2018 to 2030 due to growing awareness about compound seasoning products as well as increasing per capita income levels coupled with rising population in developing economies including China, India, Thailand, Malaysia etc.
The Chinese compound seasoning product has its origin in China; however it has been adopted by many countries around the world including Japan and Korea for their traditional cuisine which makes it an important product category on account of its wide application scope globally Compound seasonings are used widely not only for meat but also vegetables such as cabbage.
Growth Factors:
- Increasing demand for convenience foods: The growing trend of busy lifestyles has led to an increased demand for convenient foods that are easy to prepare and do not require a lot of time. Compound seasoning products fit this need perfectly, as they can be quickly added to any dish without having to worry about the taste or flavor.
- Rising popularity of ethnic cuisine: A growing number of people are becoming interested in different types of cuisine from around the world, and compound seasoning products offer a great way to add flavor and excitement to traditional dishes.
- Health concerns: More and more people are becoming health conscious, which has led them to seek out healthier alternatives when it comes to food choices. Compound seasoning products offer a way to add flavor without adding unhealthy fats or additives.
- Increased emphasis on home cooking: There has been a recent resurgence in interest in home cooking, as people look for ways to take control over their food choices and eat healthier meals made with fresh ingredients. Compound seasoning products make it easy for anyone cook like a pro, no matter what their level of experience may be!
Scope Of The Report
Report Attributes
Report Details
Report Title
Compound Seasoning Product Market Research Report
By Type
Chicken Essence, Hot Pot Bottom Material, Chinese Compound Seasoning, Western-Style Compound Seasoning, Others
By Application
Online Sales, Offline Sales
By Companies
Lee Kum Kee, Foshan Haitian Flavouring and Food Company, Shanghai Totole, Lao Gan Ma, Yihai International, Teway Food, Zhumadian Wangshouyi Multi-Flavoured Spice Group, Hong Jiujiu, Chongqing Dezhuang, Inner Mongolia Red Sun, Lee Kum Kee, Kewpie Food, House Foods, Ajinomoto, Ebara Foods, Beijing Salion Foods
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
128
Number of Tables & Figures
90
Customization Available
Yes, the report can be customized as per your need.
Global Compound Seasoning Product Market Report Segments:
The global Compound Seasoning Product market is segmented on the basis of:
Types
Chicken Essence, Hot Pot Bottom Material, Chinese Compound Seasoning, Western-Style Compound Seasoning, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Sales, Offline Sales
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lee Kum Kee
- Foshan Haitian Flavouring and Food Company
- Shanghai Totole
- Lao Gan Ma
- Yihai International
- Teway Food
- Zhumadian Wangshouyi Multi-Flavoured Spice Group
- Hong Jiujiu
- Chongqing Dezhuang
- Inner Mongolia Red Sun
- Lee Kum Kee
- Kewpie Food
- House Foods
- Ajinomoto
- Ebara Foods
- Beijing Salion Foods
Highlights of The Compound Seasoning Product Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Chicken Essence
- Hot Pot Bottom Material
- Chinese Compound Seasoning
- Western-Style Compound Seasoning
- Others
- By Application:
- Online Sales
- Offline Sales
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Compound Seasoning Product Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Compound seasoning products are blends of herbs, spices, and other ingredients that are designed to provide a unique flavor profile for food. These products can be used in a variety of dishes, such as meats or vegetables.
Some of the major players in the compound seasoning product market are Lee Kum Kee, Foshan Haitian Flavouring and Food Company, Shanghai Totole, Lao Gan Ma, Yihai International, Teway Food, Zhumadian Wangshouyi Multi-Flavoured Spice Group, Hong Jiujiu, Chongqing Dezhuang, Inner Mongolia Red Sun, Lee Kum Kee, Kewpie Food, House Foods, Ajinomoto, Ebara Foods, Beijing Salion Foods.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Compound Seasoning Product Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Compound Seasoning Product Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Compound Seasoning Product Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Compound Seasoning Product Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Compound Seasoning Product Market Size & Forecast, 2020-2028
4.5.1 Compound Seasoning Product Market Size and Y-o-Y Growth
4.5.2 Compound Seasoning Product Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Chicken Essence
5.2.2 Hot Pot Bottom Material
5.2.3 Chinese Compound Seasoning
5.2.4 Western-Style Compound Seasoning
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Online Sales
6.2.2 Offline Sales
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Compound Seasoning Product Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Compound Seasoning Product Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Chicken Essence
9.6.2 Hot Pot Bottom Material
9.6.3 Chinese Compound Seasoning
9.6.4 Western-Style Compound Seasoning
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Online Sales
9.10.2 Offline Sales
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Chicken Essence
10.6.2 Hot Pot Bottom Material
10.6.3 Chinese Compound Seasoning
10.6.4 Western-Style Compound Seasoning
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Online Sales
10.10.2 Offline Sales
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Chicken Essence
11.6.2 Hot Pot Bottom Material
11.6.3 Chinese Compound Seasoning
11.6.4 Western-Style Compound Seasoning
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Online Sales
11.10.2 Offline Sales
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Chicken Essence
12.6.2 Hot Pot Bottom Material
12.6.3 Chinese Compound Seasoning
12.6.4 Western-Style Compound Seasoning
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Online Sales
12.10.2 Offline Sales
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Chicken Essence
13.6.2 Hot Pot Bottom Material
13.6.3 Chinese Compound Seasoning
13.6.4 Western-Style Compound Seasoning
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Online Sales
13.10.2 Offline Sales
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Compound Seasoning Product Market: Competitive Dashboard
14.2 Global Compound Seasoning Product Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lee Kum Kee
14.3.2 Foshan Haitian Flavouring and Food Company
14.3.3 Shanghai Totole
14.3.4 Lao Gan Ma
14.3.5 Yihai International
14.3.6 Teway Food
14.3.7 Zhumadian Wangshouyi Multi-Flavoured Spice Group
14.3.8 Hong Jiujiu
14.3.9 Chongqing Dezhuang
14.3.10 Inner Mongolia Red Sun
14.3.11 Lee Kum Kee
14.3.12 Kewpie Food
14.3.13 House Foods
14.3.14 Ajinomoto
14.3.15 Ebara Foods
14.3.16 Beijing Salion Foods
