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2025 U.S. Industry Statistics & Market Forecast - Spice and Extract Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Spice and Extract Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Spice and Extract Manufacturing industry include:- Increased demand for natural and organic products
- Globalization of flavors and ethnic cuisines
- Innovation in flavor and application technologies
- Rising interest in health and wellness benefits of spices
- Stricter food safety and quality regulations
- Supply chain complexities due to climate change
- Growth of private label brands and products
- Rising costs of raw materials
- Expansion into new markets via e-commerce platforms
- Consumer preference for clean label products
- Increased consumer cooking at home post-pandemic
- Emphasis on sustainable and ethical sourcing practices
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Spice and Extract Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Spice and Extract Manufacturing industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Spice and Extract Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 5% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 2% | |||
| Office and Administrative Support Occupations | 7% | |||
| Installation, Maintenance, and Repair Occupations | 6% | |||
| Production Occupations | 44% | |||
| Food Processing Workers | 18% | |||
| Miscellaneous Food Processing Workers | 18% | |||
| Food Batchmakers | 11% | |||
| Other Production Occupations | 21% | |||
| Packaging and Filling Machine Operators and Tenders | 13% | |||
| Packaging and Filling Machine Operators and Tenders | 13% | |||
| Transportation and Material Moving Occupations | 21% | |||
| Material Moving Workers | 18% | |||
| Laborers and Material Movers | 14% | |||
| Packers and Packagers, Hand | 5% | |||
Spice and Extract Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Spice and Extract Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Spice and Extract Manufacturing industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Spice and Extract Manufacturing industry. |
Source:
Latest Industry News
- Botanic Healthcare raises maiden PE funding from Stakeboat, Abakkus - Hyderabad-based botanical extracts manufacturer Botanic Healthcare Pvt. Ltd has raised its maiden private equity (01/03/2025)
- Natures Therapeutics Keto + ACV BHB Gummies: Are the Ingredients Really Effective for Weight Loss? - In the ever-evolving world of dietary supplements, Natures Therapeutics Keto + ACV BHB Gummies have emerged as a prominent player, capturing the attention of health enthusiasts and weight loss seekers alike. (01/02/2025)
- Gentle Wave CBD Gummies Exposed: The Facts Behind the Hype - In today’s fast-paced world, finding effective solutions for managing health and wellness can feel daunting. With the increasing interest in natural remedies, Gentle Wave CBD Gummies stand out as an innovative product designed to support overall health. (01/02/2025)
- TheraBloom CBD Gummies: Are the Health Claims Backed by Science? - In the quest for health and wellness, many seek natural solutions to support their overall well-being. Among the plethora of products that claim to help, TheraBloom CBD Gummies have emerged as a noteworthy choice, (01/02/2025)
- PhytAge Labs Type2Defense Reviews: My Honest Results! Real Blood Sugar Management or Side Effect Complaints? - In today's health-conscious world, managing blood sugar levels has become a priority for many individuals. With the rising incidence of diabetes and other related conditions, finding effective solutions is more crucial than ever. (12/31/2024)
- GlycoFix Review: Does It Really Work? - In today’s world, many individuals are seeking practical solutions for managing their health, particularly when it comes to maintaining balanced glucose levels. With rising numbers of people facing challenges related to blood sugar regulation, (12/26/2024)
- LeanCaps Review: Is It Really Worth Buying? - The quest for effective weight loss solutions is more prominent in the current health and wellness landscape. With countless options available, it can be overwhelming to discern which products genuinely deliver results. (12/26/2024)
- The Vanilla Extract Swap That Adds A Touch Of Spice To Your Cakes - Such is the case with using cardamom extract in place of vanilla. Vanilla brings a dark, rich, sweet-and-spice note and a ton of aromatics. Cardamom, meanwhile, is also aromatic, but with a ... (12/24/2024)
- 15. List of Permitted Solvents (Lists of Permitted Food Additives) - Good Manufacturing Practice n/a (d) (Naming the flavour) flavour; Hop extract; Natural extractives; Pre-isomerized hop extract; Spice extracts (d) Extraction solvent (d) Good Manufacturing Practice n/a (e) Green coffee beans for decaffeination purposes (e ... (12/18/2024)
- What are the health benefits of cardamom? - People may purchase cardamom as: whole seed pods with the seeds inside pre-ground cardamom spice powder, which manufacturers produce from seeds ... The findings showed that the cardamom extract was effective in disrupting bacteria that can lead to gum ... (10/02/2019)
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