Global Spices and Seasonings Market Analysis, Trends And Opportunities 2020-2025
Summary -
A new market
study, titled “Global Spices and Seasonings Products Market - Global Demand, Sales,
Consumption and Forecasts to 2020-2025 “ has been featured on WiseGuyReports.
The
production of Spices and Seasonings increases from 743564 MT in 2012 to 1006435
MT in 2017, with CAGR of 6.24%. In the world wide, Europe is the largest
revenue market, who account for about 21.89% market share in the Spices and
Seasonings market in 2016. China ranked the second place, and with a market
share of 21.04 in 2016. McCormick, Unilever, Ajinomoto are the global leading
manufacturers of spices.
ASTA
defines spices as “any dried plant product used primarily for seasoning
purposes”. Included are tropical aromatics (pepper, cinnamon, cloves, etc.),
leafy herbs (basil, oregano, marjoram, etc.), spice seeds (sesame, poppy,
mustard, etc.) and dehydrated vegetables (onions, garlic, etc.). Blends such as
curry, chili powders, poultry seasoning, etc. are part of the spice shelf, too.
The FDA
defines spices similarly, except that they do not include the dehydrated
vegetables in the label definition of “spices”. Any form of dehydrated
vegetable product must be labeled separately. Such color contributing spices as
paprika, turmeric and saffron must either be labeled separately or as “spice
coloring”. The Department of Agriculture (meat and poultry products labeling)
has nearly the same requirements as the FDA, except that colorant spices and
mustard must always be listed separately while onion powder and garlic powder
may be listed as “flavors”. All other forms of dehydrated vegetables must be
listed separately by name.
The global
Spices and Seasonings market is valued at 14800 million US$ in 2018 and will
reach 21900 million US$ by the end of 2025, growing at a CAGR of 5.0% during
2019-2025. The objectives of this study are to define, segment, and project the
size of the Spices and Seasonings market based on company, product type, end
user and key regions.
This report
studies the global market size of Spices and Seasonings in key regions like
North America, Europe, Asia Pacific, Central & South America and Middle
East & Africa, focuses on the consumption of Spices and Seasonings in these
regions.
This
research report categorizes the global Spices and Seasonings market by top
players/brands, region, type and end user. This report also studies the global
Spices and Seasonings market status, competition landscape, market share, growth
rate, future trends, market drivers, opportunities and challenges, sales
channels and distributors.
The
following manufacturers are covered in this report, with sales, revenue, market
share for each company:
McCormick
Unilever
Ajinomoto
Ariake
Kerry Group
Plc. (Ireland)
Olam
International
Everest
Spices
Zhumadian
Wang Shouyi
MDH Spices
Catch(DS
Group)
Nestle
Brucefoods
Sensient
Technologies (U.S.)
Ankee Food
Haitian
Market size
by Product
Salt &
Salt Substitutes
Hot Spices
Aromatic
Spices
Others
Market size
by End User
Food
Processing Industry
Catering
Industry
Household
Others
Market size
by Region
North
America
United
States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Singapore
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Spain
Russia
Central
& South America
Brazil
Rest of
Central & South America
Middle East
& Africa
GCC
Countries
Turkey
Egypt
South
Africa
The study
objectives of this report are:
To study
and analyze the global Spices and Seasonings market size (value & volume)
by company, key regions, products and end user, breakdown data from 2014 to
2018, and forecast to 2025.
To
understand the structure of Spices and Seasonings market by identifying its
various subsegments.
To share
detailed information about the key factors influencing the growth of the market
(growth potential, opportunities, drivers, industry-specific challenges and
risks).
Focuses on
the key global Spices and Seasonings companies, to define, describe and analyze
the sales volume, value, market share, market competition landscape and recent
development.
To project
the value and sales volume of Spices and Seasonings submarkets, with respect to
key regions.
To analyze
competitive developments such as expansions, agreements, new product launches,
and acquisitions in the market.
In this
study, the years considered to estimate the market size of Spices and
Seasonings are as follows:
History
Year: 2014-2018
Base Year:
2018
Estimated
Year: 2019
Forecast
Year 2019 to 2025
This report
includes the estimation of market size for value (million US$) and volume (K
MT). Both top-down and bottom-up approaches have been used to estimate and
validate the market size of Spices and Seasonings market, to estimate the size
of various other dependent submarkets in the overall market. Key players in the
market have been identified through secondary research, and their market shares
have been determined through primary and secondary research. All percentage shares,
splits, and breakdowns have been determined using secondary sources and
verified primary sources.
For the
data information by region, company, type and application, 2018 is considered
as the base year. Whenever data information was unavailable for the base year,
the prior year has been considered.
FOR MORE DETAILS:- https://www.wiseguyreports.com/reports/3741383-global-spices-and-seasonings-market-insights-forecast-to-2025
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