Global Spices and Seasonings Market: Expanding at a CAGR of more than 5.1% during 2023-2028

Market Insights

As per recent research by MarkNtel Advisors, The Global Spices and Seasonings Market is projected to grow at a CAGR of around 5.1% during the forecast period, i.e., 2023-28.

Global Spices and Seasonings Market Key Driver:

Rapidly Changing Eating Habits due to Increasing Urbanization - Improving economies & income levels and urbanization trends have brought significant changes in the dietary patterns of people, as they are increasingly incorporating traditional food items in their diets. Moreover, reduced cooking time due to hectic work schedules & long working hours has led people to opt for easy & convenient food options. In addition, the rapidly expanding supermarkets & hypermarkets in urban areas are also leading to the increasing availability of spices worldwide. Hence, these trends are expected to drive the Global Spices and Seasonings Market through 2028.

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Market Segmentation and Consumer Behavior:

By Type

Pepper
Chili
Ginger
Cinnamon
Turmeric
Nutmeg and Mace
Cardamom
Cloves
Others (Capsicum, Coriander)

By Nature

Conventional
Organic

By Form

Whole
Powder

By Application

Meat and Polutry
Bakery and Confectionery
Frozen Foods
Snacks and Convenience Foods
Others (Beverages, Soups, Sauces, and dressings)

By Distribution Channel

B2B
Online
Offline (Supermarkets & Hypermarkets, Exclusive Stores, Small Retail Outlets)

By End User

Industrial (Manufacturing facilities, F&B)
Commercial (Hotels, Restaurants)
Residential

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Spices and Seasonings Market Geographical Analysis:

By Region:

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

Key Players and Competitive Strategies in the Spices and Seasonings Market

Several prominent players dominate the Spices and Seasonings Market, including:

Moguntia Food Group
Associated British Food PLC
Olam International
McCormick & Company, Inc
Ajinomoto Co., Inc.
Paras Spices Private Limited
Worlee Gruppe
Dohler Group
Friedrich Ingredients
Kerry Group Plc
ARIAKE Japan Co. Ltd.
Pacific Spice Company
Sensient Technologies Corporation
SHS Group
VKL Seasonings Pvt Ltd
Others (B&G Foods Inc, Zhumadian Wang Shouyi etc)

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Questions Addressed in this Study

1.What factors are driving the Spices and Seasonings Market growth?

2.How is the Spices and Seasonings Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Spices and Seasonings Market?

4.What is the current size of the Spices and Seasonings Market, and how is it projected to change in the future?

5.What is the future outlook for the Spices and Seasonings Market in terms of technological advancements and market expansion?

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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.