Market Insights and Analysis: Global Spices and Seasonings Market Overview and Projections (2023-2028)
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.
Top leading companies in the Global Spices and Seasonings Market includes:
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).
Global Spices and Seasonings Market Key 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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Report Segmentation:
The market is categorized into the following segments in the report:
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.
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Global Spices and Seasonings Market Geographic Reach:
The Geographic Reach of the Global Spices and Seasonings Market evaluates the spread and significance of Global Spices and Seasonings market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
· North America: US, Canada, Mexico
· Europe: Germany, The UK, France, Russia, Italy, Rest of Europe
· Asia-Pacific: China, India, Japan, South Korea, Rest of Asia-Pacific
· South America: Brazil, Argentina, Rest of South America
· Middle East & Africa: UAE, Saudi Arabia, South Africa, Iraq, Rest of MEA.
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