Spices and Seasonings Industry report predicts Global Impressive Growth by 2023 just published
Research Reports
Jan 07, 2021
Market Insight
Global COVID-19 Pandemic Impact on Spices and Seasonings Market is expected to grow at a rapid pace due to consumer preference for organic spices and herbs. Consumers across the globe are realizing the importance of the health benefits of clean-label food ingredients. Moreover, health-conscious consumers consider organic spices to be safer than conventional spices and seasonings.
Based on type, the global spices and seasonings market has been segmented into pepper, ginger, cinnamon, turmeric, cardamom, clove, and others. The pepper segment accounted for the maximum market share in 2017. Pepper is derived from the peppercorn and has been used for centuries to flavor food. Black, green, and white pepper are available in whole or ground form. Black pepper is the most widely used variety worldwide. Its medicinal benefits such as pain reduction and antioxidant properties are the primary drivers for the increasing demand. The turmeric segment is expected to grow at a rapid rate during the forecast period owing to the medicinal benefits and widespread use of turmeric in different cuisines.
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Global Spices and Seasonings Market has been segregated, by distribution channel, into store-based and non-store-based. The store-based segment has further been segmented into supermarkets and hypermarkets, convenience stores, and others. The store-based segment is expected to dominate the global spices and seasonings market during the assessment period. The non-store-based segment is projected to record the higher CAGR owing to the growth of the e-commerce industry.
Key Players
Some of the key players in the Global COVID-19 Pandemic Impact on Spices and Seasonings Market are Ajinomoto Co., Inc. (Japan), Olam International (Singapore), Associated British Foods PLC (UK), Döhler Group (Germany), McCormick & Company, Inc. (US), the SHS Group (UK), Sensient Technologies Corp. (US), Ariake Japan Co., Ltd (Japan), B&G Foods Inc.(US), and Kerry Group PLC (Ireland).
Regional Analysis
Global Spices and Seasonings Market has been segmented in four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to dominate the global spices and seasonings market. The growing importance of aroma in different cuisines and high demand for ethnic foods has resulted in the increased consumption of spices and seasonings.
Segmentation
Global Spices and Seasonings Market has been segmented by type, category, distribution channel, and region.
The global spices and seasonings market has been divided, by type, into pepper, ginger, cinnamon, turmeric, cardamom, clove, and others.
The store-based segment has further been divided into supermarkets and hypermarkets, convenience stores, and others.
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NOTE: Our Team of Researchers is Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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