02-Dec-2021 | Zion Market Research
As per study of Zion Market Research study, Seasonings and Spices industry accrued revenue of about US$ 14.1 billion in 2020 and is set to accrue earnings of approximately US$ 23.78 billion by 2028. Moreover, Seasonings and Spices market is prognosis to record CAGR of nearly 5.1% in 2021-2028. Moreover, growth of seasonings and spices market over forecast timespan can be credited to buyer willingness to purchase new flavors and premium products with ethnic tastes. Additionally, escalating demand for ready-to-use spices in food service sector is set to open new growth vistas for seasonings and spices industry. Apart from this, growing product penetration in commercial & household sectors is predicted to translate into massive growth of seasonings and spices market over upcoming years. Prominently, a huge number of spices possess anti-oxidant features and can treat various diseases. This is predicted to embellish expansion of seasonings and spices industry.
Sauces & Dressings Segment To Account Majorly Towards Overall Market Share By 2028
Growth of segment over forecast timespan is subject to large-scale intake of salads due to growing health awareness among people. In addition to this, launching of organic spices due to perception of the product being healthy is predicted to enhance its use in sauces & dressings.
Individual & Mixed Spices Segment To Dominate Product Landscape By 2028
Segmental growth over projected timeline can be due to massive awareness about health benefits & beneficial features of different spices across globe. Reportedly, garlic is known for its delicious taste and can prove beneficial for a person suffering from common influenza and other contagious ailment. Moreover, it is going to prove helpful in treating high blood pressure and heart disorders. Furthermore, huge health benefits can be due to high demand for herbs including fennel, basil, garlic, oregano, peppermint, and parsley, thereby contributing sizably towards segmental expansion.
Asia Pacific To Make Lucrative Contributions Towards Market Value In 2021-2028
Growth of seasonings and spices market in Asia Pacific over projected timeline can be credited to increase in consumption of southeast region. Additionally, massive use of spices with different flavors in daily cuisines in Asia will steer regional market size. Apart from this, awareness about medicinal properties of spices and demand for various food flavors will define expansion of seasonings and spices market in Asia Pacific zone.
Key players impacting growth of seasonings and spices market and included in report are Ariake Japan Company, MDH Spices, Worlee – Chemie GmbH, The Kraft Heinz Company, SHS Group, McCormick & Company, Ajinomoto Co. Inc., Knorr, Everest Spices, Nestle S.A., Olam International Limited, Sensient Technologies, and Dohler Group.
Browse the full “Seasonings and Spices Market - By Application (Bakery & Confectionery, Frozen Products, Convenience Food & Snacks, Meat & Poultry Products, and Sauces & Dressings), By Product Type (SALT SUBSTITUTES, Salt, Individual & Mixed Spices, Pepper, and Dried Herbs), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2028.” Report at https://www.zionmarketresearch.com/report/seasonings-and-spices-market
The global Seasonings and Spices Market is segmented as follows:
By Product Type
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651