Seasonings and Spices Market | Covid19 Impact Analysis | Business Outlook, Growth, Revenue, Trends and Forecasts 2023

Being experimental with food choices is a major trend in our society at the present time. As the income levels of people are increasing, their habits regarding food are also changing. Today trying out new dishes, which are at times expensive, that have new tastes and flavors has become an important part of get-togethers. As people continue to experiment with new cuisines, the popularity of Mexican, Continental, and Chinese cuisines is further gaining traction. It is primarily due to this factor that the demand for spices and seasonings is growing rapidly across the world.

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The growing popularity of convenience foods is also resulting in the rising requirement for spices and seasonings. Processed foods which are easier to prepare and have a longer shelf life are referred to as convenience foods. The demand for these foods is increasing due to the rise in number of people who are living by themselves, busy lifestyle, and long working hours. These food items are easily accessible and help people save time and energy required in cooking. In addition to this, advanced packaging options have contributed to the availability of different food options in the market, including frozen, chilled, and packaged.

As per a report by P&S Intelligence, in 2017, the global seasonings and spices market attained a value of $21,507.3 million and is projected to advance at a 6.0% CAGR during the forecast period (2018-2023). The two major products in this domain are ground, which includes white pepper, chili powder, marjoram, paprika, sage, turmeric, mint, oregano, coriander, basil, and black pepper, and whole, which includes chili flakes/pepper, cinnamon, dill, parsley, blue poppy seeds, rosemary, tarragon, saffron, aniseed, chives, cumin, fennel, white poppy seeds, sesame, thyme, vanilla, and ginger.

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This market research report provides a comprehensive overview of the seasoning and spices market

* Historical and the present size of the seasoning and spices market
* Future potential of the market through its forecast for the period 2020- 2030
* Major factors driving the market and their impact during the short, medium, and long
terms
* Market restraints and their impact during the short, medium, and long terms
* Recent trends and evolving opportunities for the market participants
* Major players operating in the market and their service offerings
* Recent strategic developments by the major players in the market

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