CHICAGO, March 2, 2017 /PRNewswire/ -- A more diverse, globally inspired selection of seasonings and spices is helping restaurant operators play up proteins and add heat to the menu. Indian garam masala, Middle Eastern za'atar and Japanese togarashi are some of the enhancements offered by manufacturers to help operators satisfy a growing consumer interest in international flavors. According to data from Technomic's latest Volumix Spices & Seasonings Report, total sales of this category has increased 4.5% year over year in 2016, with spikes also seen in both the average case price and the average price per pound.
This information, as well as the wealth of other valuable data points featured in the Volumix Spices & Seasonings Report, can give suppliers visibility into what brands and products operators are purchasing and for what price, also showcasing new product entrants giving perspective on trends evolving in the category.
Valuable takeaways from the Volumix Spices & Seasonings Report include:
- The average case price of spices and seasonings increased by 2.5% over the prior year
- The average price per pound of spices and seasonings increased by 15.7% over the prior year
- Morton Salt Inc., Cargill and ACH Food Companies Inc. are the top three manufacturers in this category
Volumix generates SKU-level data from over 28,000 independents and small chains operators, serving as an effective tool for suppliers to better understand the competitive environment. To view sample data, or to learn more about this resource, please visit Technomic.com or contact the individuals listed below. For Technomic updates, please follow us on Twitter or LinkedIn.
Only Technomic, a Winsight company, delivers a 360-degree view of the food industry. We impact growth and profitability for our clients by providing consumer-grounded vision and channel-relevant strategic insights. Our services range from major research studies and management consulting solutions to online databases and simple fact-finding assignments. Our clients include food manufacturers and distributors, restaurants and retailers, other foodservice organizations and various institutions aligned with the food industry. Visit us at technomic.com.
About Winsight, LLC
Winsight, LLC is a business-to-business media and information services company specializing in the convenience-retailing, restaurant and noncommercial foodservice industries. Winsight has an extensive media portfolio including four publications, CSP, Restaurant Business, FoodService Director and Convenience Store Products, a suite of digital products including websites, e-newsletters (Restaurant Business Daily and CSP Daily News) and webinars, plus video products, mobile and tablet apps and custom marketing solutions. The Winsight Events group produces six exclusive, large-scale executive-level conferences—Restaurant Leadership Conference, FARE Conference, Outlook Leadership, Convenience Retailing University, FSTEC and MenuDirections—in addition to more than 12 major EduNetworking conferences and advisory meetings. In Aug. 2015, Winsight acquired Technomic, Inc., a food industry provider of primary and secondary market information and advisory services. Winsight is a recognized leader in the markets it serves.
For more information on Winsight and its brands, go to http://www.winsightmedia.com/.
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