A
spice is a seed, root, fruit, bark, or other plant substance or matter. It is mainly
used for coloring or preserving and flavoring food. Spices are extracted from flowers,
leaves, or stems of plants. Spices are used for flavoring or as a garnishing or
adding herbs, salt, or spices to food to improve the flavor. Some of the major advantages
of using spices it improves brain function & memory, combat sickness &
improve health, helpful for fighting against the infections, powerful
anti-diabetic effect and boosts the immunity.
According
to study, “Global Spices & Seasonings
Market Size study, by Application (Meat & Poultry Product; Snacks &
Convenience food; Soup, Sauces & Dressings; Bakery & Confectionery,
Frozen Products; Beverages; Other Application), by Type (Pepper, Capsicum,
Ginger, Cinnamon, Cumin, Turmeric, Nutmeg & Mace, Cardamom, Coriander,
Cloves, Others) and Regional Forecasts 2018-2025” some of the major companies
that are currently working in the global spices & seasonings market are Syniverse
Technologies LLC, MDH Spices, Mccormick & Company, Bart Ingredients, Catch
(DS Group), Baria Pepper, Ajinomoto Co. Inc., Olam International, Ariake Japan
Co. Ltd., Associated British Foods PLC, WorleeGruppe, British Pepper &
Spice Co. Ltd (SHS Group), B & G Foods Inc., Sensient Technologies, Dohler
Group, Olam International, Kerry Group PLC, Zhumadian Wang shouyi, Everest
Spices, Haitian, Nestle, CaJohns Fiery Foods, Frontier Natural Products Co-op.,
Golden West Specialty Foods, Inc., KIS CO. Ltd., Char Crust, Inc., Goya Foods,
Inc., Fuchs North America, Harris Freeman & Company Inc., Griffith Foods,
Inc., Italpepesrl, Lawry's, Old World Spices & Seasonings, Mehran Spice
& Food Industries, Newly Weds Foods, Inc., Old Mansion Foods, Neptune Food
Products Ltd., Oregon Spice Company, S&B Foods Inc., Rocky Mountain Spice
Company, Synthite Industries Ltd., The Spice Way, The Bart Ingredients Company
Ltd., Vanns Spices Ltd., Williams Foods, Inc., Victoria Gourmet, Inc., Xcell
International Corp., WILD Flavors GmbH, Wixon. All these companies are focusing
on expansion strategies in the world.
Based
on the type, the global spices and seasonings market is segmented into
capsicum, cinnamon, pepper, cumin, ginger, dehydrated onion or garlic, nutmeg
& mace, turmeric, mustard seed, coriander, cardamom, sesame seed, cloves
and others. Based on application, market is segmented into sauces and
dressings, snacks and convenience food, meat & poultry product, soup,
frozen products, bakery & confectionery, beverages and many other
applications.
The
spices and seasonings market is driven by the increased usage of spices as a
natural preservatives followed by growing middle class population, rapid
augmentation in demand for healthy and nutrition rich foods for the young and rapidly
increasing urbanization with changing lifestyle and increasing awareness amongst
the consumer health awareness regarding the health. Additionally, some of the
major restraining aspects include stringent government regulations of the food
additives and hesitation among the user to modify their preference or favorite from
traditional eating habits. In addition to this the increasing demand of health and
wellness products are adding to the biggest opportunity for spices &
seasoning manufacturing market.
Globally,
North America is the leading player which leads the market owing to increasing
awareness on the medical properties. In addition the Asia Pacific region is
expected to register a higher CAGR due to increase in development of the
overall economy. China is the leading country in spices demand over the Asia
Pacific region, followed by India creating huge demand of spices and seasonings.
It is anticipated that the Asia Pacific spice market to grow much more competitive
over the upcoming years. It is also estimated that the global spices &
seasoning market to reach US $20.4 billion, by 2025.
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+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
