Press release
Spices and Seasonings Market Size to Reach US$ 35.1 Billion by 2028 | With a 5.37% CAGR
Spices and seasonings, essential components of the culinary world, play a pivotal role in enhancing the flavors and aromas of a wide array of dishes across diverse cuisines. These aromatic substances, derived from various plant parts such as seeds, roots, bark, and leaves, are carefully selected and blended to create distinctive tastes that tantalize the palate. They are known for their ability to transform ordinary meals into extraordinary culinary experiences and hold significant economic importance as they form the backbone of the global food industry.
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Spices and Seasonings Market Trends and Drivers:
The market is experiencing a dynamic driven by the increasing consumer demand for diverse and exotic flavors in food. As global culinary boundaries continue to blur, consumers are seeking new taste experiences, driving the demand for a wide range of spices and seasonings. This demand is particularly significant in the context of the rising popularity of international cuisines and the fusion of flavors in modern gastronomy. Furthermore, health consciousness among consumers has led to a shift toward healthier and more natural food choices. Spices and seasonings, often associated with numerous health benefits, are finding favor with health-conscious consumers. Ingredients like turmeric, known for its anti-inflammatory properties, and cinnamon help regulate blood sugar and are gaining traction as natural health enhancers. Moreover, the e-commerce revolution has transformed the way spices and seasonings are distributed and marketed. Online platforms provide businesses with a direct channel to reach consumers globally. As a result, businesses are investing in their online presence and leveraging digital marketing tools to engage with their target audience effectively, which is also propelling the market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product:
Salt and Salt Substitutes
Herbs
Thyme
Basil
Oregano
Parsley
Others
Spices
Pepper
Cardamom
Cinnamon
Clove
Nutmeg
Others
Breakup by Application:
Meat & Poultry Products
Snacks & Convenience Food
Soups, Sauces and Dressings
Bakery & Confectionery
Frozen Products
Beverages
Others
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
Ajinomoto
ARIAKE JAPAN Company
Associated British Foods
Baria Pepper
Döhler
DS Group
Everest Spices
Kraft Heinz Company
Kerry Group
McCormick & Company
Olam International
Sensient Technologies
SHS GROUP
Spice Hunter
Unilever
Worlée
Key Highlights of the Report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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