Spices Market is Hitting New Highs By Top Players - Everest Spices,McCormick,Unilever,Ajinomoto, Nestle,Sensient Technologies (U.S.)

The food and beverages industry plays an important role in the growth of economic opportunities. Due to an increase in disposable income food and beverages industry, has rapidly grown over the past few years, especially in the developed countries. Apart from increasing per capita income, growing young population across the world is also responsible for the sudden growth of the food & beverages industry. Some of the other factors which are creating a positive impact on this industry are higher growth in overall population particularly in developing countries and changing trends towards food consumption and choices.

This study researches the market size of Spices in United States, European Union and China, presents the Spices sales, revenue, market share and growth rate by companies, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.

For top companies in United States, European Union and China, this report investigates and analyzes the sales, revenue, market share and growth rate for the top players, key data from 2013 to 2018.

A spice is a dried seed, fruit, root, bark, or vegetable substance primarily used for flavoring, coloring or preserving food. Because they tend to have strong flavors and are used in small quantities, spices tend to add few calories to food. Many spices, however, can contribute significant portions of micronutrients to the diet.

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A spice may have other uses, including medicinal, religious ritual, cosmetics or perfume production, or as a vegetable.

A spice may be available in several forms: fresh, whole dried, or pre-ground dried. Generally, spices are dried. A whole dried spice has the longest shelf life, so it can be purchased and stored in larger amounts, making it cheaper on a per-serving basis. Some spices are not always available either fresh or whole, for example turmeric, and often must be purchased in ground form. Small seeds, such as fennel and mustard seeds, are often used both whole and in powder form.

In this report, it includes the dried plant product used primarily for seasoning purposes or medicine effectiveness etc.

ASTA defines spices as “any dried plant product used primarily for seasoning purposes”. Included are tropical aromatics (pepper, cinnamon, cloves, etc.), leafy herbs (basil, oregano, marjoram, etc.), spice seeds (sesame, poppy, mustard, etc.) and dehydrated vegetables (onions, garlic, etc.). Blends such as curry, chili powders, poultry seasoning, etc. are part of the spice shelf, too.

In 2018, the market size of Spices is xx million US$ and it will reach xx million US in 2025, growing at a CAGR of xx% from 2018; while in China, the market size is valued at xx million US$ and will increase to xx million US in 2025, with a CAGR of xx% during forecast period.

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In this report, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Spices.

In United States, European Union and China market, the following companies are covered:

McCormick

Unilever

Ajinomoto

Ariake

Kerry Group Plc. (Ireland)

Olam International

Everest Spices

Zhumadian Wang Shouyi

MDH Spices

Catch(DS Group)

Nestle

Brucefoods

Sensient Technologies (U.S.)

Ankee Food

Haitian

Market Segment by Product Type

Hot Spices

Aromatic Spices

Others

Market Segment by Application

Catering Industry

Household

Others

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Key Regions split in this report

United States

China

European Union

Rest of World (Japan, Korea, India and Southeast Asia)

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