- Future Growth of this sector is expected to be organic spices and development of mechanized farming systems
- The major players in the market such as METL, Export Trading Group and ZSCT are expected to maintain focus on providing modern tools and knowledge to farmers in order to obtain higher yield and a superior quality of spices
Ken
Research announced its latest publication on “Tanzania Spice Market Outlook
to 2018” which provides a comprehensive analysis of the major spices produced
in Tanzania. The report covers various aspects such as market size of Tanzanian
spices, segmentation on the basis of revenue, production volume, organized and
unorganized sector along with exports and imports. The report is useful for
farmers, trading groups, processing companies, machinery manufacturers and new
players venturing in the market.
 |
| Tanzania Spice Market |
The spices in Tanzanian farms have been majorly grown through
traditional farming processes that use manual labor. However, due to lack of
certification credentials by accredited international or local organizations,
the exports of these spices have not showcased their full potential. Being an
agrarian economy, Tanzanian government has taken several initiatives to develop
their agriculture sector in order to boost their spice production levels. The
spice industry in Tanzania has witnessed a consistent and robust growth in
recent years on the account of rising demand of spices in local and
international market fueled by expansion in spice production. The surge in
growth is majorly originated from growth in clove and ginger production in the
country. This growth segment has been largely led by domestic and international
factors such as rise in prices and high demand. The spice industry in Tanzania
is comprised of companies such as Mohammed Enterprise, Export Trading Group and
Zanzibar State Trading Corporation which possess a strong portfolio of spice
products. The revenues of the Tanzania spice industry have grown at a CAGR of
8.0% from 2008-2013.
According to the
research report the Tanzania spice market will grow at a considerable CAGR thus
exceeding USD 215.2 Million by 2018. This growth will be assisted by the
increase in production volumes and exports of certified organic spices.
“While rising population, increase in spice consumption and an
increase in exports will result in increased spending on spices in Tanzania,
volatility in global spice prices and environmental factors are few of the
major challenges that will affect the growth of this industry in the future”, according
to the Research Associate, Ken Research.
Key
Topics Covered in the Report:
Tanzanian Spices
-
Market Size by Production, Revenue
-
Market Segmentation by
o
Revenue
o
Production Volume
o
Organized and Unorganized Market
-
Trends and Development
-
SWOT
-
Export and Import
-
Competition
-
Growth Drivers
-
Future Outlook
-
Macro Economic Parameters
Key Products
Mentioned in the Report
Cloves
Nutmeg, Mace and Cardamoms
Pepper
Ginger
Anise, Badian, Fennel and Corian
Companies
Covered in the Report
Mohammed Enterprise Tanzania Limited
Export Trading Group
Zanzibar State Trading Corporation
Tanzania Zanzibar Organic Producers
Related Reports:
India Spices Market
Outlook to FY'2018 - Spice Mixes and Branded Spices to Augment Industry
Revenues
Contact:
Ken
Research
Ankur
Gupta, Head Marketing & Communications
query@kenresearch.com
+91-11-47017199
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