Press release
Seasonings and Spices Market will generate new growth opportunities by 2024
Seasonings and spices are used in order to improve the overall taste of the food. These have become an integral part of cuisine to enhance the aroma of food. Western countries are mainly influencing the global market for seasonings and spices. Seasonings are also added to snacks to improve taste.
Global Seasonings and Spices Market: Segmentation
The global seasonings and spices market is segmented as on the basis of the product as salt substitutes, dried herbs, salt, individual and mixed spices, pepper, and others. The salt is the leading segment in the global market. However, the salt substitutes segment is another growing segment of the market.
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Global Seasonings and Spices Market: Growth Factors
People spending more on seasonings and spices is anticipated to boost the global market growth in future. In addition, increasing the popularity of the exotic cooking is expected to fuel the market in the coming years. Higher penetration of the indigenous seasonings and spices is contributing to the global market growth. Some of the special spices which are grown in Southern Europe and Mexico such as pepper include Anaheim and Marjoram. Asia Pacific region is contributing to the increasing demand for such spices. Rising popularity of the Western foods among people is also driving the global market positively. Changing consumer habit for Italian, Thai, and French food in the emerging economies is projected to fuel the market in the coming years. Specific spices and herbs used in the medical therapy applications may propel the global seasonings and spices market growth.
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Global Seasonings and Spices Market: Regional Analysis
Geographically, the global seasonings and spices market is segmented as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Europe accounted for the largest market share for seasonings and spices. Asia-Pacific is the second largest market owing to increasing demand for seasonings and spices from food industries, which in turn is anticipated to fuel the demand in future. Increasing population in India and China is the major driving factor for the growth of the market. Changing lifestyle and increasing disposal income of the middle class people is also positively impacting the global market growth. People are ready to pay more for quality food; this is also enhancing the market growth in this region. In addition, e-commerce and easy availability of the seasonings and spices may boost the market in a positive way.
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Global Seasonings and Spices Market: Competitive Players
Some of the major players in the global seasonings and spices market are The Kraft Heinz Company, Catch, McCormick & Company, MDH Spices, Everest Spices, Knorr, Aginomoto Co. Inc, Baria Pepper, Nestle, and Bart Ingredients.
Global Seasonings and Spices Market: Regional Segment Analysis
North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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