(Entertainment-NewsWire.com, September 19, 2017 ) The Global Seasoning and Spices Market has been expected to grow at a CAGR of 5.2% during the forecast period. Spices and seasonings are an integral part of the cuisine as they are accountable for the aroma and taste of the food. Due to globalization and high influence of westernization on the emerging countries, the market for seasoning is growing. Spices, on the other hand, provide huge therapeutic properties, which is getting highly acknowledged by the consumers. Some spices that grow in the Asian Countries such as India are also known to treat fungal infections, fever and common cold at a much faster rate than any other regular antibiotics.
Market Segmentation: The market is segmented according to the product type and application. Salt and salt substitutes and pepper hold the biggest market share. The importance of salt and pepper can be weighed by their indispensable role in every kind of food.
Regional Analysis: APAC holds the major market share in the global seasoning and spices market in terms of volume. By value, Europe holds the maximum number of shares followed by Asia-Pacific, as per 2012. In 2013, Europe followed by North America, accounted for the largest share of spices. The APAC region is emerging with many opportunities for applications like confectionery, snacks and ready to eat food/processed food.
For information regarding permissions and sales, please contact: info@mordorintelligence.com
Competitive Landscape: The seasoning and spices market is fragmented with leading companies that are driving the growth. The key players are McCormick & Company, Olam International, MDH spices, Unilever, Catch, Everest Spices and much more.
Mordor Intelligence is a market intelligence and business advisory firm. The company operates in the business of industry analysis & consulting, in over 16 verticals. In today’s fast-paced and competitive business environment, every customer has unique information requirement. Having understood this, Mordor offers custom market intelligence and advisory services, along with syndicated reports, to help them gain an edge over the competition. The company has successfully catered to over 500 (40% of fortune 500) clients since 2013.
