Entertainment Newswire


Entertainment, Music, Books, Plays, Video Games, Film
Entertainment News

Global Spices and Seasonings Market Surges to USD 21.3 Billion in 2021, Anticipating USD 27.4 Billion by 2026 with a 5.2% CAGR

(Entertainment-NewsWire.com, November 29, 2023 ) The global spices and seasonings market is on a trajectory of substantial growth, estimated at USD 21.3 billion in 2021 and projected to reach USD 27.4 billion by 2026, marking a noteworthy Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period. The surge is attributed to the escalating demand for convenient food products, the prevalence of clean label trends, and the pursuit of natural preservatives within the meat industry.

The surge in demand for processed foods, coupled with technological innovations in spice and seasoning processing techniques, has contributed to the market's robust expansion. Cinnamon, a versatile spice known for its application in confections, curries, and beverages, has seen increased consumption globally. Notably, cinnamon's rich content of polyphenol antioxidants is associated with anti-inflammatory effects and a short-term reduction in blood pressure.

Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=739

Key Market Drivers:

Meat & Poultry Products Lead: The meat & poultry products segment dominates the market, leveraging spices for appetite stimulation, flavor enhancement, and as natural preservatives. Various spices such as pepper, cinnamon, cardamom, cumin, turmeric, and capsicum find application in processed meat & poultry products, bolstering market share.

Organic Spices Gain Traction: The appeal of organic spices, characterized by their wholesomeness, non-GMO nature, and absence of insecticides and pesticides, is on the rise. Organic spices, grown without harmful chemicals, preserve the original flavor and align with consumer preferences for natural and high-quality products.

Asia Pacific Emerges as a Growth Hub: While industrial spice usage is lower in the Asia Pacific region compared to developed regions, economic growth, urbanization, and rapid industrialization have unlocked significant potential. Diversified flavor preferences and a burgeoning interest in value-added food products drive the spices & seasonings market in the region.

Opportunities for Industry Players:

Product Innovations: The market presents opportunities for food product innovations that incorporate natural ingredients, catering to the increasing demand for health and wellness products and authentic ethnic foods.

Stringent Regulations: Growing concerns about adulteration and contamination in spices from countries like India and China prompt regulatory bodies in Europe and America to strengthen safety regulations on imported spices. This underscores the need for industry players to ensure quality and compliance.

Leading Companies and Market Strategies:

Prominent companies contributing to the market include McCormick & Company, Inc. (US), Olam International (Singapore), Ajinomoto Co. Inc. (Japan), Associated British Foods plc (UK), Kerry Group plc (Ireland), Sensient Technologies Corporation (US), Döhler Group (Germany), SHS Group (Ireland), and Worlée Gruppe (Germany). These industry leaders have strategically pursued acquisitions to expand their market share.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=739

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441


Mr. Aashish Mehra



Source: EmailWire.Com

Source: EmailWire.com

Entertainment: Movie, Television Previews
Advertisement on Entertainment

Press release distribution services: Submit press release to major media. Unlimited press release service

For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.

CityRegions.Com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © 2012 GroupWeb Media LLC. All Rights Reserved.

GroupWeb Media Network
AfricaNewswire.Net | AppleNews247.Com | AsiaNewsWire.Net | Aviation-NewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | EuropeNewsWire.Net | iCameroon.com | i-Canada-News.Com | i-SoftwareNews.com | iT-NewsWire.Com
| InvestorsNewsDesk.Com | i-TravelNewsWire.Com | LegalLaw247.com | Medical-NewsWire.com | MiningNewsWire.net | MoneyNewsWire.Net | Movie-Stars-News.Com | PayDayNews247.Com | PharmaNewsWire.Com | Publishing-NewsWire.Com | Shopping-NewsWire.com | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com |
CityRegions.com - Newswire and Press Release service of GroupWeb Media LLC