As per this study, the Global Seasoning And Spices Market was valued USD XX MN (by revenue) in 2019 and is anticipated to reach USD XX MN by 2026 with a CAGR of XX%.
Seasoning and species refer to herbs, salt & salt substitute and seasoning blends used in food products. These include pepper, ginger, cinnamon, cumin, turmeric, cardamom, coriander, cloves and many more. They have several health benefits such as lowers blood sugar levels, powerful anti-diabetic effect, improve brain function and memory and many more. They have application in almost every sector of the food industry including bakery and confectionery, sauces and dressings, frozen products, convenience food and snacks, meat and poultry products and others.
The increasing income along with the changing demographics across the globe is driving the market growth. Medicinal benefits coupled with the rising consumer awareness for a healthy lifestyle are again accelerating the market growth. Additionally, changing food habits of consumers owing to emerging various applications in the food industry is further fuelling the market growth. On the other hand, government policies for the rejection of imported spices and uncertainty in climate conditions and inefficient logistics of spices producing country may restrict the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of seasoning and spices.
The broad seasoning and spices market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Salt Substitutes
- Dried Herbs
- Individual and Mixed Spices
- Bakery and Confectionery
- Sauces and Dressings
- Frozen Products
- Convenience Food and Snacks
- Meat and Poultry Products
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for seasoning and spices in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Seasoning And Spices Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the seasoning and spices market include Catch, McCormick & Company, MDH Spices, The Kraft Heinz Company, and Others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.