Worldwide Sales Of Dried Spices Are Projected To Increase At A CAGR Of 4.7% Through 2033

From 2023 to 2033, the worldwide dried spices market is expected to grow at a CAGR of 4.7%. The market is expected to be worth $5.8 billion in 2023 and $9.2 billion by the end of 2033.
Pepper demand is expected to grow at a 6% CAGR through 2033. Pepper is widely consumed, not just for the flavour it imparts, but also because it is an important spice.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗮 𝗙𝗿𝗲𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.factmr.com/connectus/sample?flag=S&rep_id=349?PS

𝗙𝗮𝗰𝘁𝗼𝗿𝘀 𝗙𝘂𝗲𝗹𝗹𝗶𝗻𝗴 𝗚𝗹𝗼𝗯𝗮𝗹 𝗠𝗮𝗿𝗸𝗲𝘁 𝗚𝗿𝗼𝘄𝘁𝗵

The worldwide dried spices market is primarily influenced by macroeconomic and microeconomic factors. Desire for dried spices is expected to rise in the global market as the demand for improving flavours in various food products grows. Consumption of dried spices is expected to persist in the food business due to their different health benefits. Furthermore, due to features such as salt and calorie-free flavours, spice consumption aids in the prevention of heart disease, diabetes, and weight gain. Dried spices are also in high demand since they aid in cancer prevention. As a result of these reasons, the worldwide dried spices market is predicted to rise significantly during the forecast period.

Aside from increased demand in the food business, dried spices are predicted to be in high demand in a variety of personal care items and medications. Because dried spices contain antioxidant characteristics, businesses in the cosmetic and personal care industries are increasingly using dried spices into their manufacturing processes. Furthermore, the therapeutic, relaxing, purifying, and protective characteristics of dried spices have resulted in an increase in demand for aromatherapy products. Furthermore, dried spices will continue to be in high demand in various oil products used in aromatherapy and spas around the world. During the forecast period, the worldwide dried spices market is expected to develop due to an increase in demand for dried spices.

𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.factmr.com/connectus/sample?flag=RC&rep_id=349?PS

𝗦𝗮𝗹𝗲𝘀 𝘁𝗼 𝗥𝗲𝗺𝗮𝗶𝗻 𝗧𝗵𝗿𝗼𝘂𝗴𝗵 𝗦𝘂𝗽𝗲𝗿𝗺𝗮𝗿𝗸𝗲𝘁𝘀/𝗛𝘆𝗽𝗲𝗿𝗺𝗮𝗿𝗸𝗲𝘁𝘀

With the expansion of diverse tourist locations, the hospitality, food mall, and tourism industries are expected to grow significantly. The expansion of various food malls, restaurants, and hotels is expected to positively impact the growth of the worldwide dried spices industry. To obtain a profitable competitive edge, several hoteliers are focusing on capitalising on the growing need for new gastronomic experiences.

Furthermore, the increased taste of guests and consumers for spicy meals has led to the hotel sector offering a wide variety of delicacies. Furthermore, as consumers grow more price-conscious, food service providers are focusing on developing a diverse selection of alternatives to the food goods now available. Producers, processors, and manufacturers are progressively adopting pepper and other natural seasonings and flavour ingredients as natural seasonings and flavour components remain fundamental to taste and flavour enhancement.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗣𝗹𝗮𝘆𝗲𝗿𝘀

• Firmenich SA
• Ajinomoto Co., Inc.
• Robertet SA
• Kerry Group Plc.
• Synthite Industries Ltd.
• McCormick & Company, Inc.
• Takasago International Corp.
• Olam International Limited
• Sensient Technologies Corporation

𝗚𝗲𝘁 𝗙𝘂𝗹𝗹 𝗔𝗰𝗰𝗲𝘀𝘀 𝗼𝗳 𝗖𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.factmr.com/checkout/349?PS

𝗞𝗲𝘆 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱 𝗶𝗻 𝗗𝗿𝗶𝗲𝗱 𝗦𝗽𝗶𝗰𝗲𝘀 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵

By Product :

• Pepper
• Paprika
• Cardamom
• Cloves
• Turmeric
• Cumin
• Nutmeg
• Ginger
• Cinnamon
• Others

By Form :

• Powdered Dried Spices
• Granule Dried Spices
• Whole Dried Spices

By Nature :

• Conventional Dried Spices
• Organic Dried Spices

By Sales Channel :

• Supermarkets/Hypermarkets
• Convenience Stores
• Speciality Stores
• Department Stores
• Online Stores
• Others

By Region :

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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This release was published on openPR.