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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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Spices and seasonings are added to food products and beverages to improve their aroma, essence and taste. Spices, including cardamom, cinnamon, clove, nutmeg and pepper, are plant-based substances that are commonly used for flavoring, coloring and preserving food. They are also extensively utilized in the production of medicines, cosmetics and perfumes. On the other hand, seasonings are mixtures of salts, herbs, spices and sugars that can have a sweet, savory, acidic or bitter taste. Cinnamon, paprika, and cumin are some of the most commonly used seasonings, which are added to enhance the flavor of any dish.
The growing hospitality industry, along with the increasing preference for ready-to-eat and ready-to-drink products, is among the key factors driving the growth of the market. Furthermore, there is a growing inclination among consumers to try innovative cuisines and flavor-rich dishes, which are prepared using a variety of spices and seasonings. Apart from this, they are also utilized as natural preservatives to restrict microbial activity and maintain the quality of meat and poultry products. Additionally, growing health consciousness among the consumers is acting as another major growth-inducing factor. Spices and seasonings are rich in antioxidants and many of them are considered to have medicinal properties, owing to which they are used for treating numerous diseases and ailments. For instance, turmeric is widely used to build immunity against cancer, Alzheimer’s disease and inflammation in the joints. Moreover, the rising preference for exotic cuisines and organic ingredients, along with the increasing consumer expenditure on food and beverages is projected to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global spices and seasonings market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product and application.
Breakup by Product:
Breakup by Application:
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined with some of the key players being Ajinomoto Co. Inc., ARIAKE JAPAN Co. Ltd., Associated British Foods plc, Baria Pepper Co. Ltd., Döhler, DS Group, EVEREST Food Products Pvt. Ltd., The Kraft Heinz Company, Kerry Group plc, McCormick & Company, Olam International, Sensient Technologies Corporation, SHS Group, Spice Hunter (Sauer Brands Inc.), Unilever plc, and Worlée-Chemie GmbH, etc.
|Base Year of the Analysis||2021|
|Segment Coverage||Product, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Ajinomoto Co. Inc., ARIAKE JAPAN Co. Ltd., Associated British Foods plc, Baria Pepper Co. Ltd., Döhler, DS Group, EVEREST Food Products Pvt. Ltd., The Kraft Heinz Company, Kerry Group plc, McCormick & Company, Olam International, Sensient Technologies Corporation, SHS Group, Spice Hunter (Sauer Brands Inc.), Unilever plc and Worlée-Chemie GmbH|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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