Press release
Seasoning Market Analysis and Impressive Growth By Key Players McCormick & Company, Nestle, Ajinomoto Co., MDH Spices, Everest Spices, DS Group, Unilever, Kraft Foods, Ariake Japan Company, Associated British Foods
Market Dynamics
Multiple benefits offered by seasoning is a key factor driving seasoning market growth. Seasoning helps to enhance the taste of food as well as has various health benefits. Extensive research studies in the field of medical sciences proved benefits of pepper, cinnamon, turmeric, basil, and ginger in curing diseases such as diabetes, brain function, infections, high blood pressure, and cancer. Owing to such benefits, seasoning are extensively adopted in food and diet. Homemade seasoning are also gaining significant traction due to their remedial nature. Therefore, increasing demand for such herbs and spices across the world is projected to boost demand for global seasoning market over the forecast period.
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Bulk availability of herbs and spices across the globe are creating immense opportunity for growth of seasoning market. As per Spices Board of India, total spices and spice product exported from India in 2017-18 was 1.03 million tones, which was valued at US$ 2.6 Billion.
Global Seasoning Market Taxonomy
On the basis of product type, the global seasoning market is segmented into:
Salt and salt substitutes
Pepper
Herbs
Spices
On the basis of end-use industry, the global seasoning market is segmented into:
Industrial
Commercial
Residential
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Key players in Global Seasoning Market
Key players operating in the global seasoning market include McCormick & Company, Nestle, Ajinomoto Co., MDH Spices, Everest Spices, DS Group, Unilever, Kraft Foods, Ariake Japan Company, Associated British Foods, Kerry Group Plc. and Olam International Limited.
Key market players are launching new seasoning products, in order to meet the rising demand for seasoning from consumers. For instance, in January 2017, McCormick & Company launched six types of new seasoning to enhance flavor of the food. Such activities by key players are fueling growth of the market.
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