The key factor driving the dried spices market includes the growing demand for the convenience food products such as sauces, snacks, canned products, soups, and others.
Dried Spices Market
Dried Spices Market: Overview
In a particular cuisine and convenience food products, dried spices are used for enhancing the taste and the aroma of food. Thus, it forms an integral part of food products. Dried spices are also used for medicinal purposes. The regions where a variety of the spices are found include India, Mexico, Africa, South East Asia, and the Caribbean.
|Historic Years||2018 - 2022|
|Forecast Years||2023 - 2030|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2023 to 2030|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Dried Spices Market: Facts
Some of the rare exotic dried spices found in the world include saffron, grains of paradise, sumac, juniper berries, nigella seed, fennel pollen, dried avocado leaves, dried kaffir lime leaves, pasilla de oaxaca chile, and much more. Among them, saffron is the most expensive spice. The stigma of the blue flowering crocus contains saffron. This stigma is handpicked and about 200 to 500 stigmas make a gram of saffron, thus making it expensive.
Dried Spices Market: Segmentation
The global market for the dried spices is fragmented into its product type, end-use, distribution channel, source, and product form. On the basis of the product type, the market is segregated into mixed and individual spices, salt & salt substitutes, dried herbs, and others. On the basis of the distribution channel, the market is categorized into hyper market/supermarket, online channel, grocery stores, and others. On the basis of the end-user, the market is divided into catering, retail, and industrial. On the basis of the source, the market is bifurcated into organic and natural. On the basis of the product form, the market is fragmented into whole dried spice and powder.
Dried Spices Market: Growth Factors
The key factor driving the dried spices market includes the growing demand for the convenience food products such as sauces, snacks, canned products, soups, and others. The developing food and beverage sector and the abundant medicinal benefits of the dried spices are some of the factors that are driving the dried spices market. The increase in the trend of the cuisines and the rise in the popularity of the ready-to-use mixtures of spices are fuelling the growth of the dried spices market. The macroeconomic factors that are boosting the growth of the dried spices market include globalization, increasing population, favorable climatic conditions, and others.
Dried Spices Market: Regional Analysis
The regions dominating the dried spices market are Eastern Europe and Western Europe. This dominance is in term of revenue and the demand for the dried spices is very high in the pharmaceutical and food and beverages sectors in these regions. In terms of volume, Asia Pacific region is dominating the global dried spices market which is followed by Europe. The factors that are favoring the growth of the market in Asia Pacific region is the increased per capita income of the consumers, change in the living standards of the people, and the growing population especially in the developing countries such as India and China.
Dried Spices Market: Competitive Players
The key market players involved in the dried spices market include The Kraft Heinz Company, Knorr Foods Co., Ltd., McCormick & Company, Baria Pepper, Everest Spices Company, DS Group, Ajinomoto Co. Inc., Nestle S.A., Bart Ingredients Company Ltd., and MDH Pvt. Ltd.
Dried Spices Market: Regional Segment Analysis
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