Spices and Seasonings Market Overview: 2023-28
Base Year: 2022
Historical Years: 2018-21
Forecast Years: 2023-28
TheSpices 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.
Markntel Advisor’s Spices and Seasonings Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Spices and Seasonings Market drivers, barriers, Spices and Seasonings Market Trends, and Key Players in Spices and Seasonings Market.
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Spices and Seasonings Market Dynamics: 2023-28
Spices and Seasonings Market Driver:
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.
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Spices and Seasonings Market (2023-28): Segmentation Outlook
The market report has segmented the market into the following categories:
- By Type
- Pepper
- Chili
- Ginger
- Cinnamon
- Turmeric
- Nutmeg and Mace
- Cardamom
- Cloves
- Others (Capsicum, Coriander)
According to report, Of them all, ginger holds a prominent share of the Global Spices and Seasonings Market.
- By Nature
- Conventional
- Organic
- By Form
- Whole
- Powder
According to report, Of both, the powder form of spices & seasonings holds a notable market share.
- 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
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Top Companies Operating in the Spices and Seasonings 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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