Press release
Explore Industry Insights in Seasonings and Spices Market - Development, Growth, and Demand Forecast to 2023
Seasonings and spices market is forecasted to reach $30,412.8 million by 2023, growing at a CAGR of 6.0% during 2018–2023. The growth in the market will be led by the increasing awareness on the medical benefits of spices, the rising demand for ethnic cuisines, and the growing popularity of convenience foods.**Request for Sample Copy of Research Report At: https://www.psmarketresearch.com/market-analysis/spices-and-seasonings-market/report-sample
In terms of product, the seasonings and spices market has been categorized into whole and ground. The whole seasonings and spices market is expected to grow at higher rate over ground, in terms of volume and value, during the forecast period. The faster growth of the segment is due to the convenience of processing whole spices, from both the industrial and the residential perspective.
On the basis of end use, the seasonings and spices industry has been categorized into industrial, food service, and retail. Due to the growing usage of seasonings and spices in food processing industries to meet the consumer demand, the industrial sector is expected to grow at a CAGR of 4.9% and 6.0% in terms of volume and value, respectively, during the forecast period.
**Explore Research Research Report with detail TOC: https://www.psmarketresearch.com/market-analysis/spices-and-seasonings-market
Asia-Pacific will remain the largest market during the forecast period
The seasonings and spices market is expected to generate largest revenue in Asia-Pacific, accounting $10,439.6 million in 2017. The market is being driven by factors such as the heavy consumption of seasonings and spices in South Asian countries, growing spice consumption in the Far East, and growth in the seasoning and spice production in the Asian countries.
Major players launching innovative products to gain a larger market
Key players in the seasonings and spices industry are launching new products to gain a larger market share. For instance, in August 2017, Sleaford Quality Foods Ltd. introduced eight new spices and herbs to its Chef William pot range.
**Explore Research Report At: https://www.psmarketresearch.com/press-release/global-seasonings-and-spices-market
Overview of Global Salt Market
On the basis of type, the global salt market has been segmented into sea salt and rock salt. The sea salt market is expected to grow at a CAGR of 3.1% and 4.7% in terms of volume and value, respectively, during the forecast period. As compared to rock salt, sea salt is widely consumed in most of the countries in the world, owing to its better compatibility with food items, greater nutritional value in terms of high content of trace minerals, and more health benefits. The presence of the world’s two biggest salt-producing nations in the region – China and India, makes Asia-Pacific the largest salt market globally.
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
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