Seasoning and Spices Market

1. Seasoning and Spices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast The Global seasoning and spices market size is anticipated to expand at a CAGR of 4.6% during the forecast period, 2021 – 2028. The growth of the market is attributed to increasing demand for spices products owing to rising awareness about its health benefits, taste, and flavour. Spice is a vegetation product that is used to add flavor, texture, and enhance the taste of the food. Seasoning is a mixture of several flavoring components, which includes sugars, salts, and spices. Spice is a subset of seasoning. Spices come from tropical plants in varied forms, including dried seeds and fruits. Some spices come from the barks or roots of certain plants and trees but mainly they originate from berries, seeds, or dried fruits. Spices has flavor due to the essential oils they contain in it. Essential oils are released by various processes, including grinding, pounding, grating, and cooking. Seasoning is a combination of food flavoring additives that contain salts, sugars, sauces, and juices. Sample - https://growthmarketreports.com/request-sample/1025 Market Trends, Drivers, Restraints, and Opportunities Growing demand for ethnic food had led to significant growth in the market. Rising number of opportunities in the organic seasoning and spices market is anticipated to propel the market growth. Increasing consumer shift toward ready-to-cook spice blends, as it saves time and efforts, can positively impact the market growth. The COVID-19 pandemic has encouraged government state bodies to enforce lockdown, which further led to close down of restaurants and food malls across the globe. This, in turn, has reduced the sales of seasonings and spices across the globe. However, rising number of people experimenting distinct cuisine at home has helped the market to recover amidst the pandemic.    

2. Market Segment Insights Herbs and spices segments to account a significant market share Based on product types, the market is divided into salt and salt substitutes, herbs, and spices. The herbs segment is further segmented into thyme, basil, oregano, parsley, and others. The spices segment is segregated into pepper, cardamom, cinnamon, cloves, nutmeg, turmeric, and others. The herbs & spices segments are anticipated to account for a significant market share during the forecast period. Increasing demand for spices and herbs in exotic cuisine is driving the growth of the both the market segments. Growing demand for ethnic food has led to rapid growth in imports of spices and herbs, especially in developing countries. Consumers are increasingly developing an appetite for distinct spices and seasonings. Meat and seafood segments to account a major market share Based on applications, the global seasoning and spices market is segmented into bakery and confectionery, soup, meat and seafood, sauce, salad, and dressing, savory snack, and others. The meat and seafood segments are expected to account for a major market share owing to increasing spice blends mixed with water or oil to improve flavor and preservation properties of meat. Blends are added to meat, fish, and poultry as a marinade. Black pepper and ground hot peppers such as cayenne or chipotle are common in rubs. Spices and seasonings are also used in the preparation of sausages. Pepper, red pepper, paprika, garlic, rosemary, thyme, cloves, ginger, and nutmeg are the most commonly used spices in sausages. Major spice-mixing companies are increasingly producing ready-to-use spice mixtures for meat, as well as for sausage factories. The market in Asia Pacific to exhibit a high CAGR In terms of regions, the global seasoning and spices market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific to exhibit a high CAGR during the forecast period. China is the prominent market in the region followed by the Indian market. Asia Pacific produces the best quality of spices owing to climatic conditions of the region, which are favorable for the growth of various spices and seasonings. Most of the nations in Asia Pacific use locally produced spices and seasonings. The significant percentage of spices from the region are exported to Europe and North America. Inquiry- https://growthmarketreports.com/enquiry-before-buying/1025 Competitive Landscape Key players operating in the Global seasoning and spices Market includes Kikkoman Corporation, McCormick & Company, Inc., Olam International, Kerry Group plc, Sensient Technologies Corporation. About Growth Market Reports: GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys.

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