“Global spices and seasonings market projected to grow at a CAGR of 5.2% from 2015 to 2020” The spices and seasonings market is projected to grow at a CAGR of 5.2% and reach USD 14.8 billion by 2020. The market is driven by factors such as increased demand for snacks & convenience food and meat & poultry products due to changing consumer preferences. Furthermore, factors such as increasing disposable incomes and rapid urbanization have also increased the demand for spices and seasonings. The high growth potential in emerging markets and untapped regions provide new growth opportunities for market players.
“Meat & poultry products accounted for the largest share” Among the applications, meat & poultry products accounted for largest share in 2014 in the global spices and seasonings market. Factors such as increased demand for traditional food products and the need for preserving meat products have led to a rise in demand for spices and seasonings. Furthermore, the increasing consumption of Asian food products in developed countries such as the U.S. and Germany has also resulted in an increased demand for spices and seasonings.
“Asia-Pacific to lead the market in terms of growth rate” On the basis of region, the spices and seasonings market is led by the Asia-Pacific region. The usage of spices in the industrial sector is less in Asia-Pacific, which presents food processing industries with considerable untapped potential in this region. Furthermore, rising consumption of ready-to-eat food products owing to changing lifestyle and increased disposable income provides opportunities to packaged food manufacturers in this region.
The market size of spices and seasonings estimated in this study has been validated through primaries conducted with various industry experts globally. These primary sources have been divided in three categories: by company; by designation; and by region.
- By Company Type - Tier 1 – 20 %, Tier 2 – 20% and Tier 3 – 60% - By Designation – C level – 40%, Director level – 60% - By Region –Europe – 25%, APAC – 50%, Latin America – 25%
Leading players such as McCormick & Company (U.S.), Associated British Foods (U.K.), Kerry Group Plc. (Ireland), Olam International Limited (Singapore), and Ajinomoto Co., Inc. (Japan) have been profiled in the report. Other players include Ariake Japan Company (Japan), SHS Group (U.K.), Dohler Group (Germany), Worlee Gruppe (Germany), and Sensient Technologies (U.S.).
Reasons to buy this report: - To get a comprehensive overview of the global spices and seasonings market - To gain wide ranging information about the top players in this industry, their product portfolios, and the key strategies adopted by them - To gain insights of the major countries/regions in which the spices and seasonings market is flourishing
Our reports have been used by over 10K customers, including:
The nut ingredients market, in terms of volume, is projected to reach 1,946.8 MT in 2014 at a CAGR of 5.7% from 2014 to 2019. Nut ingredients are widely used in the food industry to enhance the taste and value to the foods such as confectioneries, dairy, bakery, snacks & bars, desserts, cereals, beverages, and others. Rising consumer...
79 pages •
By Infiniti Research Limited
• Jul 2016
About Genetically Modified (GM) Seeds GM seeds have improved traits such as resistance to adverse environmental conditions, pests, and herbicides, and high yields. In 2015, the US dominated the global seeds market for GM seeds. Almost 40% of the world's GM crops are currently grown in the US. Monsanto held the largest share in the GM...
“Phosphine fumigation market projected to grow at a CAGR of 5.49% from 2017 to 2022” The phosphine fumigation market is projected to reach USD 698.0 million by 2022 at a CAGR of 5.49% from 2017. The market is driven by factors such as increase in awareness about advanced modes of application of fumigation technology, increasing insect...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.