Global Spices and Seasonings Market to grow at a CAGR of global spices and seasonings market 5.12% during the period 2017 - 2021; Finds New Report

Report forecast the global spices and seasonings market to grow at a CAGR of global spices and seasonings market 5.12% during the period 2017-2021.

Seasoning is the process of adding salt, pepper, spices, and herbs during food preparation. Spices are dried fruits, seeds, barks, or roots used to give flavor, aroma, and color to food. There are many spices available in the market in both ground and whole form, and each spice gives a unique flavor to the food. Some of the commonly used spices are black pepper, cinnamon, cumin seeds, turmeric, nutmeg, cloves, ginger, chili powder, vegeta, and garlic. Herbs are the dried leaves of plants or the green parts of plants used for flavoring and in medicines and perfumes.

Some of the most commonly used herbs are basil, bay leaves, coriander, mint, and curry leaves. Most of the spices and herbs possess varied medicinal properties and have been in use since ancient times to heal wounds and health problems (even when there was no medicine). The use of spices and seasonings has now become an integral part of food preparation, and consumers are trying to use newer varieties of spices, herbs, and spice mixes to experiment with taste and cuisines.

The report covers the present scenario and the growth prospects of the global spices and seasonings market for 2017-2021. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the prominent vendors operating in the market.

The market is divided into the following segments based on geography:

• Americas
• APAC
• Europe
• MEA

According to the report, one driver in market is growing awareness of the medical benefits of spices. Spices today are not just used for taste and flavor but also for the health benefits they possess. They have antioxidant properties and are, thus, used in food to treat health problems or diseases. For instance, turmeric is rich in antioxidants and helps in fighting against diseases such as Alzheimer’s, cancer, and joint inflammation. Cumin seeds have antiseptic qualities and help in building the immune system. They can be used as substitutes even for beauty products and medicines. Black pepper powder is also used to make medicines. It often used to cure stomach upset, bronchitis, and cancer. It is sometimes applied directly to the skin for treating nerve pain(neuralgia) and a skin disease called scabies. Black pepper is also used typically as a counterirritant for pain. As the medicinal properties of various spices are backed by scientific evidence, consumer interest in spices consumers has increased, driving the growth of the global spices and seasonings market.

Further, the report states that one challenge in market is uncertain climatic conditions in various spice-producing countries. The production of spices and seasonings is vulnerable to natural disasters and adverse weather conditions such as drought, flood, earthquakes, frosts, and pestilence. Such calamities can reduce the quality of the crop or ingredients and affect the supply of raw materials. They can also increase the prices of raw materials, thereby increasing the manufacturing and processing costs of spices and seasoning. Also, the vendors in this market primarily rely on suppliers or farmers in Asian countries; thus, they are likely to incur huge losses if unfavorable climatic conditions or natural disasters affect their suppliers. Thus, uncertain climatic conditions challenge the growth of the market.

Global Spices and Seasonings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global spices and seasonings market: AJINOMOTO, Associated British Foods, Kerry, McCormick, and The Kraft Heinz Company.

Other Prominent Vendors in the market are: American Natural & Organic Spice, ARIAKE JAPAN, Baria Pepper, British Pepper and Spice, Dohler, DS, Everest Spices, Frontier Natural Products, Fuchs North America, G.P. Desilva Spices, MDH Spices, Spice Hunter, Unilever, Vietnam Spice Company, and Williams Foods.

Market driver

• Growing awareness of the medical benefits of spices.
• For a full, detailed list, view our report

Market challenge

• Uncertain climatic conditions in various spice producing countries.
• For a full, detailed list, view our report

Market trend

• Growing strategic acquisitions among major players.
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 72 pages and 35 Exhibits “Global Spices and Seasonings Market 2017 - 2021” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Market segmentation by end-user, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis.

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