Spices and Seasonings Market Size to Reach USD 24380 Million by 2027 at CAGR 5.0% - Valuates Reports

·6 min read

BANGALORE, India, July 2, 2021 /PRNewswire/ -- The Spices and Seasonings Market is Segmented by Type (Salt & Salt Substitutes, Hot Spices, Aromatic Spices, Others), by Application (Food Processing Industry, Catering Industry, Household, Others). The report covers global and regional opportunity analysis and industry forecasts from 2021 to 2027. It is published on Valuates Reports in the Food & Beverages Category.

Valuates_Reports_Logo
Valuates_Reports_Logo

The global Spices and Seasonings market size is estimated to grow from USD 18190 Million in 2020 to USD 24380 Million by 2027, it is expected to grow at a CAGR of 5.0% during the forecast period 2021-2027.

The production of Spices and Seasonings increased from 743564 MT in 2012 to 1006435 MT in 2017, with a CAGR of 6.24%.

Key Drivers of Spice and Seasoning Market are:

  • Buyers' willingness to pay a premium for new flavors and ethnic tastes has fueled the market's growth.

  • Seasoning and spices medicinal properties, such as cumin seeds antiseptic & immunity boosting characteristics, and turmeric's rich source of antioxidants are further fuelling the spice and seasoning market size.

  • Rising demand for ready-to-use spice mixes and awareness of harmful effects of chemical preservatives

Browse the Table of Contents and List of figures at: https://reports.valuates.com/reports/QYRE-Auto-5Q755/global-spices-and-seasonings

TRENDS INFLUENCING THE GROWTH OF SPICE AND SEASONING MARKET

Increased consumer understanding of the harmful effects of chemical preservatives has resulted in a rise in demand for natural preservation, such as spices for meat and poultry. Thus, the rise in awareness along with the nutritional benefits of various spices have contributed to the growth of the Spices and Seasonings Market.

Furthermore, the Spices and Seasonings Market growth is expected to be augmented by help from an increasing trend of integrating spices into ready-to-eat and ready-to-drink foods and beverages.

Increasing awareness amongst the masses regarding the medicinal properties of spices is expected to increase the growth of the Spices and Seasonings Market. Many spices have antioxidant properties and can be used to treat a variety of diseases and health issues. Turmeric, for example, is high in antioxidants and can help prevent diseases like Alzheimer's, joint inflammation, and cancer. Cumin seeds, on the other hand, have antiseptic properties and aid in immune system support.

Rising Salt Consumption is expected to have a considerable impact on the spice and seasoning market growth. Because of the increasing demand for packaged and convenience foods in a number of countries, food processors' salt consumption will continue to rise. The table salt manufacturing industry has a high concentration of market share.

Request a Sample Copy of the Research Report: https://reports.valuates.com/request/sample/QYRE-Auto-5Q755/Global_Spices_and_Seasonings_Market

Based on type, the spice segment is expected to be the most lucrative during the forecast period.

This is due to the increasing consumer understanding of the health benefits and properties of various spices.

Based on region, Europe held the largest revenue market share accounting for about 21.89% of market share in 2016.

It was followed by China in second place, with a market share of 21.04 in 2016, and is expected to witness the highest growth during the forecast period. The region's largest market is China, which is followed by India. The climate in the area is ideal for the growth of a variety of spices and seasonings. As a result, the Asia-Pacific produces the highest-quality spices, attracting major players to the region.

Inquire for Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-5Q755/Global_Spices_and_Seasonings_Market

Leading Players in the Spices and Seasonings Industry

  • McCormick

  • Unilever

  • Ajinomoto

  • Ariake

  • Kerry Plc. (Ireland)

  • Olam International

  • Everest Spices

  • Zhumadian Wang Shouyi

  • MDH Spices

  • Catch(DS )

  • Nestle

  • Brucefoods

  • Sensient Technologies (U.S.)

  • Ankee Food

  • Haitian

  • Others

Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-5Q755&lic=single-user

Buy Now for Enterprise License + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-5Q755&lic=enterprise-user

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS

- The global Spices market size was valued at USD 7413.6 Million in 2019 and is expected to reach USD 8295.3 Million by the end of 2026, growing at a CAGR of 1.6% during 2021-2026.

- Food Coating Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2021 to 2026. The Report contains segmentation By Type (Cocoa & chocolate, Fats & oils, Flours, Breeders, Batter Sugars & syrups, Salts, spices, and seasonings), By Application (Confectionery products, Bakery products, Snacks, Meat & seafood products, Breakfast cereal, Other) .

- Food Coating Ingredients Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2021 to 2026. The Report contains segmentation By Type (Cocoa, Chocolate, Fat, Oil, Salt, Spices), By Application (Bakery, Confectionery, Cereal, Dairy, Snacks, Fruit) and Regional Opportunity Analysis and Industry Forecast.

- Seafood Seasoning Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2021 to 2026. The Report contains segmentation By Type (Seafood Powder, Seafood Pastes, Seafood Liquid, Other), By Application (Restaurant, Home Cooking, Food Processing Industry) and Regional Opportunity Analysis and Industry Forecast.

- The global Organic Spices Market size was valued at USD 272.8 Million in 2018 and is projected to reach USD 406.6 Million by 2026, growing at a CAGR of 5.1% from 2019 to 2026.

- Dried Herbs & Spices Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2021 to 2026. The Report contains segmentation By Type (Natural, Organic), By Application (Food, Medical) and Regional Opportunity Analysis and Industry Forecast.

- Meat Seasoning Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2021 to 2026. The Report contains segmentation By Type (Pepper, Ginger, Cumin, Others), By Application (Supermarket, Convenience Store, Online Store)

- Oregano Seasoning Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2021 to 2026. The Report contains segmentation By Type (Powder, Leaves, Others), By Application (Restaurants and Hotels, Enterprises and Institutions, Households, Others)

To see the full list of related reports on the Spices and Seasonings

About Us:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources

Contact Us:
Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp : +91 9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Linkedin - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreports

Cision
Cision

View original content:https://www.prnewswire.com/news-releases/spices-and-seasonings-market-size-to-reach-usd-24380-million-by-2027-at-cagr-5-0---valuates-reports-301324969.html

SOURCE Valuates Reports

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting