Spices and Seasonings Market Insights Report With Major Impacting Factors And Investment Study, 2023 – 2030
Mar 22, 2023
Market Research Future Insights:
The preference of consumers for organic spices and herbs is expected to cause the global market for spices and seasonings to expand quickly. Globally, consumers are becoming more and more aware of the significance of clean-label food ingredients’ health advantages. Furthermore, consumers who are concerned about their health believe that organic spices are safer than traditional spices and seasonings.
The market for spices and seasonings worldwide has been divided into categories based on kind, including pepper, ginger, cinnamon, turmeric, cardamom, clove, and others. In 2030, the pepper segment held the largest market share. Since ancient times, people have used pepper, which is derived from peppercorn, to flavour food. White, green, and black pepper can be bought whole or ground. The most popular type of pepper used worldwide is black pepper. The main factors driving the rising demand are its therapeutic advantages, including pain relief and antioxidant qualities. Due to the numerous health benefits and widespread use of turmeric in various cuisines, the turmeric market is anticipated to expand quickly during the forecast period.
The international market for spices and seasonings has been divided into two categories: conventional and organic. During the assessment period, the conventional segment is anticipated to rule the market for spices and seasonings worldwide. The market for organic spices and seasonings is anticipated to increase rapidly as a result of consumers’ growing preference for organic spices and herbs.
By distribution channel, the market for spices and seasonings has been divided into store-based and non-store-based segments. Supermarkets and hypermarkets, convenience stores, and other stores make up the further division of the store-based section. During the time of assessment, the store-based sector is anticipated to rule the global spices and seasonings market. Due to the expansion of e-commerce, the non-store-based segment is anticipated to have the highest CAGR.
The market for spices and seasonings has been divided into segments based on kind, category, the channel of distribution, and region.
According to kind, the market for spices and seasonings around the world is segmented into pepper, ginger, cinnamon, turmeric, cardamom, clove, and others.
The international market for spices and seasonings has been divided into two categories: conventional and organic.
The global market for spices and seasonings has been divided into store-based and non-store-based segments based on the distribution channels. Supermarkets and hypermarkets, convenience stores, and other stores make up the store-based segment.
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North America, Europe, Asia-Pacific, and the rest of the world make up the four major geographic segments of the global market for spices and seasonings.
It is anticipated that North America will dominate the world market for spices and seasonings. Spice and seasoning use has expanded as a result of the elevated demand for ethnic dishes and the expanding significance of scent in various cuisines.
Due to the rising export of spices and seasonings, the market for these products in the Asia-Pacific region is anticipated to expand quickly. Some of the top producers of spices in the world include India, China, and Sri Lanka, which is also fueling the expansion of the industry in the Asia-Pacific region.
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Some of the major key players in the global 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).
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Organic Spices Market Global Research Report by Type (Basil, Garlic, Ginger, Turmeric, Cumin, Cinnamon, Pepper, Clove, Cardamom and others), Form (Whole, Ground/Powder, Others) Distribution Channel (Store-Based [Supermarkets & Hypermarkets, Convenience Stores and others], Non-Store-Based) and Region (North America, Europe, Asia-Pacific and Rest of the World) – Forecast till 2030
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