Spices and Seasonings Market by Type, Application, Region- 2020

1. MarketsandMarkets™ Presents Spices and Seasonings Market- Forecast to 2020 https://www.marketsandmarkets.com/Market-Reports/spices-market-739.html

2. 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 overall spices and seasonings market is expected to grow from USD 11.02 billion in 2014 to USD 14.08 billion by 2020, 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. 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 There is a growing consciousness among consumers regarding foods with high nutritional value, which are free from chemicals preservatives, and microbiological safety. Meat is an ideal medium for bacterial growth because of its high moisture content, richness in growth factors such as nitrogenous compounds, and source of minerals & vitamins. Furthermore, its pH is favorable for the growth of microorganisms. The years considered for the study are as follows: Base year: 2014 Projected year: 2020 Forecast period: 2015 - 2023 Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=739

3. 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. • 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. • Growing Demand for Convenience Foods and rapidly increasing urbanization and changing lifestyles • According to FAO, rapid economic development, income growth, and urbanization are leading to changes in dietary patterns of people in Asia-Pacific. People are increasingly including traditional food items in their daily food intake. Moreover, growth in retail channels such as supermarkets and hypermarkets in urban areas is expected to increase the availability of spice, which in turn is projected to boost the demand for spices and seasonings. • Increased use of spices and seasonings as natural preservatives in meat & poultry products • Meat preservatives restrict microbial activity and chemical & physical reactions that cause deterioration and spoilage of meat & meat products. Meat preservation works by lowering the amount of substances in meat that leads to proliferation of pathogens/microbes.  • Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=739

4. Clean label: a clear trend across global food markets • Increasing consumption of healthy food products among modern consumers has led to increasing interest in the origin of the ingredients used to produce these products. Consumers prefer natural and clean-label flavors and ingredients as they are constantly looking for ‘natural’ nutrition and are opting for products that incorporate inherently natural, fresh, wholesome, and balanced nutrition. • Key Market Players: • Key players considered in the analysis of the spices and seasonings market are McCormick & Company (U.S.), Associated British Foods (U.K.), Kerry Group Plc. (Ireland), Olam International Limited (Singapore), and Ajinomoto Co., Inc. (Japan). Other players that offer spices and seasonings include Ariake Japan Company (Japan), SHS Group (U.K.), Dohler Group (Germany), WorleeGruppe (Germany), and Sensient Technologies (U.S.). • Major Market Developments: • In September 2015, Ajinomoto Co., Inc. (Japan) strengthened its frozen foods business in North America by increasing its production capacity. This helped the organization to meet the increasing consumer demand for packaged frozen products. • In December 2014, McCormick & Company, Inc. (U.S.) launched 25 new flavor products for meeting the increasing demand for winter meals. The product line includes sauces, gluten-free recipe mixes, and seasoning blends. • In August 2012, Associated British Food Ingredients (U.K.) expanded PGP International’s business by building a new plant in Indiana, U.S. The new facility was aimed at expanding the company’s production capacity and capability for specialty food ingredients and additives. • Request Sample: https://www.marketsandmarkets.com/requestsampleNew.asp?id=739

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