Spices and Seasonings Market 2022-27, Size, Demand, Share, Growth and Forecast

According to the latest report by IMARC Group “Spices and Seasonings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global spices and seasonings market reached a value of US$ 24.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 34.0 Billion by 2027, exhibiting a CAGR of 5.7% during 2022-2027.

Spices and spices are condiments that add a distinct scent and flavour to a dish while also extending its shelf life. They prevent the growth of micro-bacteria, which deteriorates and degrades food quality. Spices and seasonings have become increasingly popular among consumers globally in recent years, owing to a growing appreciation for foreign cuisines and organic ingredients, as well as an increase in spending on luxury items with novel flavours and ethnic tastes.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends:

Because of increased urbanisation and fast-paced consumer lives, the worldwide spices and seasonings industry is primarily driven by rising demand for packaged and convenience food products. The fast-food industry’s rapid growth, which extensively uses spices and seasonings to create new, flavor-rich foods, is also contributing to market growth. Furthermore, ready-to-use spice blends are utilised in the food service industry to enhance the taste and flavour of dishes. Because of their therapeutic characteristics, spices and seasonings are sometimes used in cosmetic products. Turmeric, for example, has antioxidants that have been linked to the prevention of Alzheimer’s disease, joint inflammation, and cancer. Cumin seeds, on the other hand, have antibacterial characteristics that help the immune system.

Breakup by Product:

  • Salt and Salt Substitutes
  • Herbs
  • Thyme
  • Basil
  • Oregano
  • Parsley
  • Others
  • Spices
  • Pepper
  • Cardamom
  • Cinnamon
  • Clove
  • Nutmeg
  • Others

Breakup by Application:

  • Meat Poultry Products
  • Snacks Convenience Food
  • Soups, Sauces and Dressings
  • Bakery Confectionery
  • Frozen Products
  • Beverages
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • Ajinomoto
  • ARIAKE JAPAN Company
  • Associated British Foods
  • Baria Pepper
  • Döhler
  • DS Group
  • Everest Spices
  • Kraft Heinz Company
  • Kerry Group
  • McCormick Company
  • Olam International
  • Sensient Technologies
  • SHS GROUP
  • Spice Hunter
  • Unilever
  • Worlée

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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