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Seasoning Market, 2019-2026 - Business Opportunities in Growing Adoption in the Industry | McCormick & Company, Nestle, Ajinomoto Co., MDH Spices, Everest Spices, DS Group, Unilever so on.

Seasoning Market

Seasoning Market

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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Among product type, salt and salt substitutes segment accounted for the largest market share in 2017. Health benefits of salt and salt substitutes include prevention of iodine deficiency, improved cardiovascular health, cures cystic fibrosis, and prevents heat stroke.

Among end-use industries, industrial segment dominated the market in 2017, owing to extensive applications of seasoning in the manufacturing of packaged food, the segment is projected to retain dominant position in the market over the forecast period. Factors such as change in lifestyle and rising number of working women may increase the consumption of packed food, which is expected to fuel growth of this segment over the forecast period.

Asia Pacific witnessed highest market share globally in 2017. The region is projected to maintain its dominance over the forecast period, owing to increasing production of herbs and spices due to suitable climatic condition. Increasing disposable income and change in lifestyle of medium class population is fueling growth of the global seasoning market. Emerging economies such as India and China are the major producers of the herbs and spices. According to a data provided by Government of India, the production of spices in India was 8,413 thousand tones in 2017.

Europe is projected to be the fast growing region in the market over the forecast period. Key factors such as changing dietary patterns, increasing population, and rapid penetration of spices and herbs in the European economies are creating immense opportunities for growth of the 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.

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

On the basis of packaging, the global seasoning market is segmented into:
Sachets
Bottles
Pouch

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About Coherent Market Insights

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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Coherent Market Insights
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