openPR Logo
Press release

Seasoning and Spices Market Will Reach $16.6 Billion Globally in 2019

Seasoning and Spices Market Will Reach $16.6 Billion Globally

According to a new market report published by Persistence Market Research “Global Market Study on Seasoning and Spices: Salt and Salt Substitute to Witness Highest Growth by 2019,” the global Seasonings and Spices market was valued at USD 12,530.5 million in 2013 and is expected to grow at a CAGR of 4.8% from 2014 to 2019, to reach an estimated value of USD 16,628.6 million in 2019.

Browse Market Research Report @ https://www.persistencemarketresearch.com/market-research/seasonings-spices-market.asp

Increasing income levels resulting in increasing expenditure on food products, changing food habits of Asian consumers and changing demographics are the major growth drivers for the global seasonings and spices market. Asian countries such as India are the major producers of seasonings and spices. Uncertain economic conditions coupled with inefficient logistics act as major growth restraints for seasoning and spice producing countries, such as India. Government policies resulting in rejection of imported spices also hampers the growth in international markets. Increasing demand from the organic segment offers great opportunity for the market.

Similarly, globalization has resulted in increasing the western influence on Indian cuisines, which includes consumption of spices which were traditionally produced and used in American and European countries. Some of the major examples of western spices seeing increased demand in India include different types of pepper, such as Anaheim from Mexico and Marjoram from Southern Europe.

Make an Enquiry @ https://www.persistencemarketresearch.com/samples/3080

Seasonings and spices form an integral part of any cuisine as it is responsible for developing the taste and aroma associated with the cuisine. The seasonings and spices market is considered to be one of the most recession-proof markets since during uncertain economic conditions, consumers prefer in-house preparation and consumption rather than opting for the expensive choice of eating out or having ready-meals. However, when the economy is in good shape the situation is reverse. Major growth drivers for the industry are increasing demand for foreign cuisines, such as Italian and French and changing consumer food habits in Asian countries. Use of certain spices and herbs in medicinal fields has also resulted in increased demand for seasonings and spices. Inefficient logistics and uncertain climatic conditions in the spices producing countries are the major growth challenges for the industry. Seasoning and Spices market is bifurcated into four major product type salt and salt substitute, pepper, herbs and spices.

Seasoning and Spices market is bifurcated into four major product type salt and salt substitute, pepper, herbs and spices. The global market for seasonings and spices in value term is expected to grow from USD 12,530.5 million in 2013 to USD 16,628.6 million in 2019 growing at a CAGR of 4.8%. Salt and salt substitutes market (largest segment in 2012) increased by 4.3% CAGR during 2008-2012. In terms of volume the market grew from 634.6 kg million in 2008 to 772.2 kg million in 2012. Salt and salt substitutes market (largest segment in 2012) is forecasted to increase by 4.3% CAGR during 2013-2019 to reach 369.2 million kg in 2019.

The global seasonings and spices market was highly fragmented, with top six companies holding only 15% market share in 2012. McCormick and Unilever are some of the major companies with global operations. While McCormick leads the market, Unilever accounts for only 1.7% share, mainly due to its lower number of products compared to McCormick.

About Us

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us

Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA | Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Seasoning and Spices Market Will Reach $16.6 Billion Globally in 2019 here

News-ID: 729556 • Views:

More Releases from Persistance Market Research

Evolving Trends in the Insulin Pens Market: A Comprehensive Report
Evolving Trends in the Insulin Pens Market: A Comprehensive Report
Market Overview: The Insulin Pens Market has witnessed remarkable growth and innovation over the years. Insulin pens are medical devices used by individuals with diabetes to administer insulin easily and accurately. These devices have become an integral part of diabetes management, offering numerous advantages over traditional insulin delivery methods, such as syringes and vials. In 2022, the global market for insulin pens brought in US$ 16.2 billion in revenue and is predicted
Smart Machines Market to register growth at a CAGR of 20.1% throughout 2023-2033
The market for smart machines was valued at US$ 73,456.2 Mn in 2022, and it is expected to grow to US$ 5,44,986.6 Mn by the end of 2033. In 2023, the market for smart machines is expected to be worth US$ 87,045.6 Mn. From 2023 to 2033, the market for Smart Machines is expected to grow at a CAGR of 20.1%. The market for artificially intelligent machines and systems that can
Unified Cloud Communication and Collaboration Market will register a 11.1% CAGR by 2032
Unified Cloud Communication and Collaboration Market will register a 11.1% CAGR …
The global cloud collaboration market was valued at US$ 48 billion in 2022, and it is expected to grow at an 11.1% CAGR, likely reaching US$ 137.3 billion by the end of the forecast period, which runs from 2022 to 2032. The expansion of organizations' cross-border projects, increased productivity, and the rise of the bring your own device (BYOD) trend are some of the major factors expected to drive the
Optical Transceivers Market is Set to Grow At A CAGR Of 14.6 % By 2032
Optical Transceivers Market is Set to Grow At A CAGR Of 14.6 % By 2032
Persistence Market Research's new report "Optical Transceivers Market" examines the competitive landscape and the market's growth prospects in the coming years. The report of the Optical Transceivers market for the analysis period of 2023 - 2033 includes an in-depth study of some new and prominent industry trends, engagement analysis, and detailed regional analysis. Need More Insights on Competitor Analysis of the Smart Home Cloud Platform Market, Request for Sample https://www.persistencemarketresearch.com/samples/4798 Through

All 5 Releases


More Releases for Seasoning

Global Poultry Seasoning Market-Forecasts to 2026
As per the research conducted by GME, the Global Poultry Seasoning Market will grow with a CAGR value of 6.51%, to hit 16.21 billion USD by 2026 from USD 13.52 billion in 2021. The key drivers for market growth are increasing appetite for continental cuisines, rising health consciousness and high emphasis on using natural products along with the lifestyle food pattern changes. Browse 151 Market Data Tables and 111 Figures
Seasoning and Spices Market Will Generate New Growth Opportunities By 2027 | Lit …
The Seasoning and Spices Market Research Report by Big Market Research is a valuable source of information for market players, stakeholders, investors, and business strategists to achieve a leading position the market. The recent research report on the global Seasoning and Spices market presents the latest industry data and future trends, allowing you to recognize the products and end users driving Revenue growth and profitability of the market. The report offers
The growing processed and ready-to-eat food products opens the way for savoury s …
Savoury Seasoning market Outlook: Consumers have a growing preference for strongly flavored foods. Seasoning is an integral part of cuisine as it is responsible for adding aroma and taste to the food. The seasoning used chiefly in snacks or other savoury products to enhance the flavor of food are referred as savoury seasoning. The savoury seasonings include herbs, spices and seasoning salt which add-ons the nutritive, aromatic and taste profile of
Seasoning Market to Reap Excessive Revenues by 2025
The seasoning market is considered to be recession proof market as consumer prefer in house prepared food during unstable economic condition. Seasoning is an integral part of cuisine as it accountable to add aroma and taste to the food. Seasoning are primarily used in snacks to enhance the flavor of food. Owing to globalization coupled with growing influence of western countries, the seasoning market has grown significantly. Global seasoning market
Global All-purpose Seasoning Market Assessment and Key Insights Analyzed till 20 …
Change in lifestyle, increased urbanization, and increase in working population has boosted the food processing segment in the last decade. There is increasing demand for processed food due to its ease in access and less cooking time in this paced world. Thus the market for processed food is growing at a rapid rate. Value addition is one of the promising sectors of the food processing industry. Value addition is increasing
Seasoning Market Demand and Growth Outlook 2018-2025
Seasoning refers to addition of herbs and spices to the cuisines to give unique aroma and flavor. Seasoning have been used from the ancient times in the food. Traditionally it was widely used in the Asian countries and due to globalization it is also penetrating North America and European region. Herbs are generally dried or fresh leaves of the plants, which tend to grow in a particular climate and spices