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New York, NY, Feb. 14, 2023 (GLOBE NEWSWIRE) — Polaris Market Research has published a new research report titled “Spices and Seasonings Market Share, Size, Trends, Industry Analysis Report, By Type (Pepper, Capsicum, Ginger, Cinnamon, Cumin, Turmeric, Nutmeg & Mace, Cardamom, Coriander, Cloves, Others); Application; Nature (Organic, Conventional); By Region; Segment Forecast, 2022 – 2030” in its research database.
“According to the latest research study, the global spices and seasonings market size & share are expected to generate revenue of USD 34.71 Billion by 2030 and are estimated to be valued at USD 21.56 billion in 2021, at a compound annual growth rate (CAGR) of 5.7% from 2022 to 2030”.
What is the Expected Size & Share of the Spices and Seasonings Market? How Big is the Spices and Seasonings Market?
- Report Overview
Spices and seasoning are plant-based substances that add flavors to any food. Spices are derived from seeds, fruits, bark, rhizomes, and other plant parts. They are used to enhance the flavor, aroma, or color of foods. On the other hand, seasonings are almost every substance you add to the food to boost its flavor. Seasonings include spices, sugar, vinegar, oils, salt, sauces, or animal-based derivatives. The food industry is making things easier for home cooks as well as restaurant chefs by creating seasonings with all the ingredients already blended.
Salt is the most common seasoning, while black paper is the most known spice in the world. Spices are sometimes used in industries like esthetics, cosmetics, or perfume production, as well as medicine and religious practices, as they have their own nutritional value. Increasing awareness of the medical benefits of spices and seasonings is prominently driving the spices and seasonings market size. Also, the rising demand for ready-to-use spice mixes is fueling the market growth.
Request Sample Copy of Spices and Seasonings Market Research Report @ https://www.polarismarketresearch.com/industry-analysis/spices-seasonings-market/request-for-sample
(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)
Our Sample Report May Includes:
- 2030 Updated Report Introduction, Overview, and In-depth industry analysis.
- 115+ Pages Research Report (Inclusion of Updated Research).
- Provide Chapter-wise guidance on Requests.
- 2022 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of tables & figures.
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.
Key Offerings of the Industry Report
- Assessment of all opportunities and risks in the market.
- Conclusive study about the growth of the market for forthcoming years.
- In-depth understanding of market-particular drivers, and constraints.
- It provides historical and forecasts revenue of the market segments and sub-segments with respect to main geographies and their countries.
- Country-level analysis of the market with respect to the current size and space launch services market forecast.
Some of the Top Market Players Are:
- Ajinomoto Co. Inc
- AKO GmbH
- Ariake Japan Company
- Associated British Foods
- Dohler Group
- Friedrich Ingredients
- Kerry Group
- McCormick & Company Inc.
- Moguntia Food Group AG
- Olam International
- Pacific Spice Company
- Sensient Technologies Corporation
- SHS Group
- Worlee Gruppe
- Zhumadian Wang Shouyi
For Additional Information on Key Players, Download a PDF Brochure: https://www.polarismarketresearch.com/industry-analysis/spices-seasonings-market/request-for-sample
Key Growth Driving Factors
- The beneficial qualities of spices and seasonings are driving the market growth
An increase in awareness about the medicinal benefits of spices & herbs and a growing number of people cooking at home are the key factors supporting the market growth. Spices and seasonings are utilized in meals to cure health problems or diseases owing to their healthy properties and antioxidant capabilities. For instance, turmeric’s high antioxidants property can help prevent illnesses like Alzheimer’s, cancer, and joint inflammation. Thus, a surge in the prevalence of the various diseases associated with the digestive system and the growing geriatric population are the key spices and seasonings market trends expected to propel its growth over the forecast period.
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Recent Trending influencing the market
Increasing urbanization levels and changing lifestyles to push the market expansion
- The spices and seasonings industry has experienced huge growth over the last few decades, aided by factors such as rising urbanization levels and changing lifestyles. Due to hectic work schedules and long working hours, people, especially women, are looking for quick and easy ways to eat without spending a lot of time on cooking. These factors are enhancing the demand for spices and seasoning.
- Increasing number of campaigns and initiatives for encouraging people in the U.S. to cook more meals at home are boosting the growth of the spices and seasonings market. For instance, in March 2022, Nestlé India implemented a sustainable sourcing program for spices that are used in their product, Magic Masala to help farmers.
- Ginger segment is estimated to register the most significant revenue share in 2021
By type, the ginger segment is anticipated to acquire the most significant spices and seasonings market share in 2021 and is likely to maintain its dominance in the forecast period. In the Asia Pacific, spices accounted for the most significant market share due to the anti-bacterial features of herbs which help to eliminate infections in foods and improve human health and lifespan. Moreover, due to the rapidly growing fast-food business coupled with an increasing desire for convenience foods, the demand for spices and seasonings such as pepper, oregano, mint, paprika, and sesame has increased, thereby positively influencing the market growth.
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Spices and Seasonings Market: Report Scope & Trends
|Revenue forecast in 2030||USD 34.71 Billion|
|Market size value in 2021||USD 21.56 Billion|
|Expected CAGR Growth||5.7% from 2022 – 2030|
|Forecast Year||2022 – 2030|
|Top Market Players||Ajinomoto Co., Inc, AKO GmbH, Ariake Japan Company, Associated British Foods, Dohler Group, Friedrich Ingredients, Kerry Group, McCormick & Company, Inc., Moguntia Food Group AG, Olam International, Pacific Spice Company, Sensient Technologies Corporation, SHS Group, Worlee Gruppe, and Zhumadian Wang Shouyi.|
|Segments Covered||By Type, By Application, By Nature, By Region|
|Customization Options||Customized purchase options are available to meet any research needs. Explore customized purchase options|
- North America held the major market share
On the basis of geography, North America accounted for the largest share of the spices and seasonings market in 2021 and is predicted to grow at a significant rate. This shared growth can be attributed to the growing consumption of various types of organic food products. Also, the rapidly growing population, increasing demand for authentic ethnic flavors, growing awareness about the therapeutic effects of spices and seasonings, and increasing popularity of convenience foods are some of the crucial factors supporting regional market growth.
Furthermore, significant players in North America have been adopting various strategies such as partnerships, collaborations, mergers and acquisitions, and product launches, which has led to an increase in the spices and seasonings market growth.
Browse the Detail Report “Spices and Seasonings Market Share, Size, Trends, Industry Analysis Report, By Type (Pepper, Capsicum, Ginger, Cinnamon, Cumin, Turmeric, Nutmeg & Mace, Cardamom, Coriander, Cloves, Others); Application; Nature (Organic, Conventional); By Region; Segment Forecast, 2022 – 2030” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/spices-seasonings-market
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- In February 2021, The Pioneer Women, a lifestyle brand, announced a collaboration with Old World Spices & Seasonings Inc. in the United States. to launch a new line of unique seasonings.
Frequently Asked Questions
- Who are the crucial companies operating the market?
- What are the major industry norms influencing the development of the industry?
- Which is the most propelling country in the industry?
- Which application or product type will obtain progressive development possibilities during the forecast period?
- What is the expected growth rate of the market during the foreseen period?
Polaris Market Research has segmented the spices and seasonings market report on the basis of type, application, nature, and region:
By Type Outlook
- Nutmeg & Mace
By Application Outlook
- Meat & Poultry Products
- Snacks & Convenience Food
- Soups, Sauces, and Dressings
- Bakery & Confectionery
- Frozen Products
By Nature Outlook
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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About Polaris Market Research
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