MarkNtel Advisors – Leading Market Research Company found Global Spices and Seasonings Market is expected to reach 5.1% CAGR Growth By 2028.
This report provides a comprehensive analysis of the Global Spices and Seasonings Market, with a focus on market size, segmentation, key players, geographical analysis, and growth in the coming years. The expert team of analysts invested considerable time and effort in collecting and analyzing the latest market data, producing a comprehensive and current report that provides valuable insights for decision-makers, including business owners and analysts.
Comprehensive Analysis of the Spices and Seasonings Market
Base Year: 2022
Forecast Years: 2023-2028
Historical Years: 2018-2021
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Scope of the Spices and Seasonings Market Report:
The Global Spices and Seasonings Market is expected to grow at a CAGR of around 5.1% during the forecast period, i.e., 2023-28. The growth of the market would be propelled mainly by the paradigm shift in consumer taste preferences, mounting popularity of ethnic cuisines, as well as globalization, i.e., portraying the increasing penetration of indigenous spices & seasoning products worldwide. Besides, the ever-growing utilization of spices & seasonings to produce various processed foods & bottled beverages, the mounting acceptance of convenience & RTE (Ready-to-Eat) food products, and the surging demand for spices & seasonings as preservatives & antibacterial agents to increase the shelf-life of various fermented foods & beverages are other prominent aspects projected to drive the market in the future.
Which prominent factor is expected to drive the Spices and Seasonings Market during 2023-28?
Rapidly Changing Eating Habits due to Increasing Urbanization - Improving economies & income levels and urbanization trends have brought significant changes in the dietary patterns of people, as they are increasingly incorporating traditional food items in their diets. Moreover, reduced cooking time due to hectic work schedules & long working hours has led people to opt for easy & convenient food options. In addition, the rapidly expanding supermarkets & hypermarkets in urban areas are also leading to the increasing availability of spices worldwide. Hence, these trends are expected to drive the Global Spices and Seasonings Market through 2028.
What are the different Segment Available in the Spices and Seasonings Market?
By Type
- Pepper
- Chili
- Ginger
- Cinnamon
- Turmeric
- Nutmeg and Mace
- Cardamom
- Cloves
- Others (Capsicum, Coriander)
By Nature
- Conventional
- Organic
By Form
- Whole
- Powder
By Application
- Meat and Polutry
- Bakery and Confectionery
- Frozen Foods
- Snacks and Convenience Foods
- Others (Beverages, Soups, Sauces, and dressings)
By Distribution Channel
- B2B
- Online
- Offline (Supermarkets & Hypermarkets, Exclusive Stores, Small Retail Outlets)
By End User
- Industrial (Manufacturing facilities, F&B)
- Commercial (Hotels, Restaurants)
- Residential
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
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Leading Spices and Seasonings companies operating in the Market
- Moguntia Food Group
- Associated British Food PLC
- Olam International
- McCormick & Company, Inc
- Ajinomoto Co., Inc.
- Paras Spices Private Limited
- Worlee Gruppe
- Dohler Group
- Friedrich Ingredients
- Kerry Group Plc
- ARIAKE Japan Co. Ltd.
- Pacific Spice Company
- Sensient Technologies Corporation
- SHS Group
- VKL Seasonings Pvt Ltd
- Others (B&G Foods Inc, Zhumadian Wang Shouyi etc).
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