A spice is a fruit, seed, root, bark, or other plant substance which is used for coloring, flavoring or preserving food. Spice is dried part of a plant, other than the leaves, used during the cooking of food, but Spice is not used as the main ingredient. Some of the examples of spices are cardamom, cinnamon, bay leaf, clove, etc. Seasoning is the process of adding spices, herbs, or salt to the food to enrich the flavor. Seasoning can be added at the beginning to allow the flavors to develop throughout cooking, or at the end of a recipe to adjust the taste subtly.
MARKET DYNAMICS
Growing demand for convenience foods across the globe is driving the need for spices and seasonings market. Furthermore, increased use of spices and seasonings as natural preservatives in meat & poultry products is also projected to influence the spices and seasonings market significantly. Moreover, the growing demand for clean label product among individual is anticipated to have a robust impact on the spices and seasonings market. Increasing demand for health and wellness products, in turn, are expected to generate untapped opportunity for the market participants.
MARKET SCOPE
The "Global Spices and Seasonings Market Analysis to 2028" is a specialized and in-depth study of the spices and seasonings industry with a special focus on the global market trend analysis. The report aims to provide an overview of spices and seasonings market with detailed market segmentation by type, application and geography. The global spices and seasonings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading spices and seasonings market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global spices and seasonings market is segmented on the basis of type, and application. Based on type, the market is segmented into pepper, capsicum, ginger, cinnamon, turmeric and others. On the basis of the application the market is segmented into meat & poultry products, snacks & convenience food, soups, sauces, and dressings, bakery & confectionery, and other applications.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global spices and seasonings market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The spices and seasonings market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting spices and seasonings market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the spices and seasonings market in these regions.
MARKET PLAYERS
The reports cover key developments in the spices and seasonings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from spices and seasonings market are anticipated to lucrative growth opportunities in the future with the rising demand for spices and seasonings in the global market. Below mentioned is the list of few companies engaged in the spices and seasonings market.
The report also includes the profiles of key spices and seasonings companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Ajinomoto Co., Inc.
- Ariake Japan Co., Ltd.
- Associated British Foods PLC
- Doehler Group SE
- EH Worlée & Co. BV
- Kerry Group PLC
- McCormick & Company, Incorporated
- Olam International Limited
- Sensient Technologies Corporation
- SHS GROUP LIMITED