Spices Market Research, Competitor Strategy, Industry Trends and Forecast to 2025

Research Reports

Jan 15, 2021

Market Overview

Spice can be dried seeds, fruits, roots, barks, or vegetative substances primarily used for flavoring, coloring or preserving food. Spices are distinguished from herbs, which are parts of leafy green plants also used for flavoring or as garnish. Many spices have antimicrobial properties. A spice may have an extra use, usually medicinal, religious ritual, cosmetics or perfume production, or as a vegetable. For example Turmeric roots, are consumed as a vegetable and garlic as an antibiotic.

According to a recent study report published by the Market Research Future, The global market for Spices has witnessed continued demand during the last few years and is estimated to reach 83,468 kilo tons by 2025, at a CAGR of 2.84% from 2016 to 2025. Increase in versatile demand across various food and beverage segments particularly for convenience foods and beverages is likely to drive the global spices market during forecast period 2020 to 2025.

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Key Players

The global spices market appears to be highly competitive and diversified with the presence of many well established players having regional and global presence. Product differentiation, portfolio, and pricing are some of the factors these players compete based on.

The leading market players in the global Spices Market primarily are McCormick & Co., Inc. (U.S.), Olam International (Singapore), Everest Spices (India), B&G Foods Holdings Corp. (U.S.), Cerebos Gregg’s Limited (New Zealand), MTR Foods Private Limited (India), Mahashian Di Hatti Limited (MDH)(India) and ITC Spices (India)

Study Objectives of Spices Market Forecast to 2025:

To provide region level market analysis and future outlook for Asia Pacific, North America, Central America, Europe, Middle East and Africa
Company profiling of major players & competitive positioning for the Spices market
Value chain analysis and supply chain analysis of Spices
Analysis of historical market trends, and technologies, and current government regulatory requirements related to Spices market
Detailed analysis for individual micro and macro markets for Spices
To estimate market size by type, form, function, application and region
To understand the supply and demand dynamics of Spices

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NOTE: Our Team of Researchers are 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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