Global Spices and Seasonings Market is projected to grow at rapid pace and register an impressive CAGR during the forecast period 2023-2027. The market growth can be attributed to the flourishing food and beverage industry, growing demand for different cuisines, and expanding HORECA sector. Furthermore, the accelerating demand for natural and healthier spices and seasoning is also augmenting the market growth. Consumers are becoming more conscious and curious for the origin and manufacturing process od the spices and seasonings. In addition to this, rising vegetarianism and veganism is providing a positive outlook to the market growth. May spices that were previously used in meat processing industries only are now being utilized in the vegetarian alternatives. The has resulted in the increased demand for spices. Furthermore, several companies are focussing on new product launches, particularly for vegetarian and vegan population. Apart from this, increasing willingness of the consumers to buy premium and ethnic flavours on the account of inflating disposable income and the wide popularity for regional cuisines in international market are among other factors, contributing to the market growth.
The global spices and seasonings market is segmented on the basis of type, application, competitive landscape, and regional distribution. Based on the type the market is bifurcated into pepper, ginger, capsicum, cardamom, cloves, cinnamon, cumin, coriander and others. Among these, the pepper segment is expected to maintain its dominance over the coming years as pepper is a key ingredient in every cuisine. Moreover, it helps in treating cough, cold, fever, arthritis, therefore, the demand for pepper has increased in manufacturing of ayurvedic medicines. By application the market is fragmented into meat & poultry products, bakery & confectionery, snacks & convenience food, frozen products, beverages and others. The market analysis also studies the regional segmentation, divided among North America, Europe & CIS, Asia Pacific, Middle east and Africa, South America.
Some of the leading players in the Global Spices and Seasonings Market are Mccormick & Company, Ajinomoto Co. Inc., Olam International, Döhler Group, Sensient Technologies, Worlée Gruppe, SHS Group, Associated British Foods PLC, Kerry Group PLC, Ariake Japan Co., Ltd. etc.
In this report, Global Spices and Seasonings Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Spices and Seasoning Market, By Type:
Spices and Seasoning Market, By Application:
- Meat & Poultry Products
- Bakery & Confectionery
- Snacks & Convenience Food
- Frozen Products
Spices and Seasoning Market, By Region:
- Asia Pacific
- South Korea
- Europe & CIS
- United Kingdom
- North America
- United States
- South America
- Middle East and Africa
- South Africa
- Saudi Arabia
- Asia Pacific
Company Profiles: Detailed analysis of the major companies present in Spices and Seasonings Market.
With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to five).
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