Spices and Seasonings Market Worth 14.8 Billion USD by 2020


Seattle, WA — 11/24/2017 — The report “Spices and Seasonings Market by Type, Application (Meat & Poultry Products, Snacks & Convenience Food, Soups, Sauces, and Dressings, Bakery & Confectionery, Frozen Products, Beverages, and Others), & by Region – Global Trends and Forecast to 2020”, The global spices and seasonings market is projected to grow at a CAGR of 5.2% from 2015 to reach a projected value of USD 14.8 Billion by 2020.

Browse 108 market data Tables and 95 Figures spread through 186 Pages and in-depth TOC on “Spices and Seasonings Market – Global Trends and Forecast to 2020”

Download PDF Brochure

Early buyers will receive 10% customization on reports.

The spices and seasonings market is projected to grow at a CAGR of 5.2% from 2015 to 2020. The demand for spices and seasonings as key ingredients in various cuisines is rising globally, mainly due to changing dietary habits of people and the rising demand for traditional food products. Furthermore, factors such as the rapidly increasing size of the global frozen and convenience food industry are also expected to increase the demand for spices and seasonings. However, unfair trade practices such as adulteration acts a restraint to the market growth.

Make an Inquiry

Significant growth in the capsicum segment is observed in the Asia-Pacific region

Capsicum is expected to grow at the highest rate during the forecast period. The extensive use of capsicum in various cuisines has increased the demand for capsicum globally. Furthermore, increasing health-consciousness among consumers has led to an increased demand for health and wellness products, which is expected to fuel the demand for capsicum owing to the multiple health benefits associated with it.

Changing lifestyle to increase the demand for snacks & convenience food products

The market by application is led by snacks & convenience food, in terms of growth rate. Changing dietary habits due to factors such as changing consumer lifestyle, increasing disposable income, and rising number of working women has led to an increased demand for packaged or convenience food items.

Untapped market potential for key players in the Asia-Pacific region

The usage of spices and seasonings in the industrial sector is less in the Asia-Pacific region as compared to that in developed regions, which presents food processing companies with considerable untapped potential in this region. The overall economic growth in the Asia-Pacific region has led to an increase in urbanization and rapid industrialization, with a resultant rise in per capita income. This plays a major role in the changing preference of consumers towards value-added food products.

This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such McCormick & Company (U.S.), Associated British Foods (U.K.), Kerry Group Plc. (Ireland), Olam International Limited (Singapore), Ajinomoto Co., Inc. (Japan), Ariake Japan Company (Japan), SHS Group (U.K.), Dohler Group (Germany), Worlee Gruppe (Germany), and Sensient Technologies (U.S.).

In terms of insights, this research report has focused on various levels of analysis—industry analysis, competition analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global spices and seasonings market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, opportunities, and challenges.

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road,
Suite 430,
Northbrook, IL 60062
USA: 1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/food-and-beverage
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

Powered by WPeMatico