According to a new market research report published by Global Insight Services “Spices and Seasonings Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Seasonings are typically dry, and can be ground, crushed, or whole. Herbs are typically fresh, and can be leaves, flowers, stems, or seeds. Spices are typically dried, and can be bark, berries, roots, or seeds. Both seasonings and spices are used to add flavor, aroma, and color to food.
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Key Players
- Ajinomoto Co. Inc.
- Ariake
- Associated British Foods plc
- Baria Pepper Co. Ltd.
- Döhler
- DS Group
Key Trends
Spices and seasonings technology is constantly evolving to meet the demands of the market. Some of the key trends include:
Natural and organic spices and seasonings: Consumers are increasingly interested in products that are made with natural and organic ingredients. This trend is being driven by concerns about the safety of artificial ingredients and the desire for healthier food options.
Functional spices and seasonings: Consumers are also interested in spices and seasonings that offer health benefits beyond just flavor. This trend is being driven by the desire for products that can help improve overall health and well-being.
Flavor: Consumers are always looking for new and interesting flavors. This trend is being driven by the desire for products that offer a unique taste experience.
Key Drivers
There are several key drivers of the spices and seasonings market. The first is the ever-growing popularity of ethnic cuisines. As more and more people are exposed to different cultures, they are increasingly interested in trying new foods. This has led to a demand for more exotic spices and seasonings, which can be used to create authentic dishes.
Another key driver is the health benefits associated with certain spices and seasonings. For example, turmeric is known for its anti-inflammatory properties, while ginger has been shown to be effective in treating nausea. As people become more health-conscious, they are seeking out foods and ingredients that offer potential health benefits.
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Market Segments
By Product
- Salt and Salt Substitutes
- Thyme
- Basil
- Oregano
- Parsley
- Pepper
- Cardamom
- Cinnamon
- Others
By Application
- Meat & Poultry Products
- Snacks & Convenience Food
- Soups, Sauces and Dressings
- Bakery & Confectionery
- Frozen Products
- Beverages
- Others
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