Globalization is an important phenomenon as people are aware of different cultures, trades and food habits. Globalization allows different products and varieties to be available all across the globe. As people migrate to different countries they take their ethnicity and food habits, and seasonings and spices play an important part in ethnic cuisines. Consumers get attracted towards new tastes through these ethnic cuisines, which results in increasing demand for the seasonings and spices used in these foods.
Increasing income levels resulting in increasing expenditure on food products, changing food habits of Asian consumers and changing demographics are the major growth drivers for the global seasonings and spices market. Asian countries such as India are the major producers of seasonings and spices. Uncertain economic conditions coupled with inefficient logistics act as major growth restraints for seasoning and spice producing countries, such as India. Government policies resulting in rejection of imported spices also hampers the growth in international markets. Increasing demand from the organic segment offers great opportunity for the market.
Seasonings and spices form an integral part of any cuisine as it is responsible for developing the taste and aroma associated with the cuisine. Major growth drivers for the industry are increasing demand for foreign cuisines, such as Italian and French and changing consumer food habits in Asian countries. Use of certain spices and herbs in medicinal fields has also resulted in increased demand for seasonings and spices.
Seasonings and Spices market is bifurcated into four major product category salt and salt substitute, pepper, herbs and spices for the period from 2008 to 2019. In addition, the current seasonings and spices market dynamics including the drivers, restraints, opportunities and recent developments have been captured throughout the report. Seasonings and spices market for each of the three regions, North America (U.S.), Europe (France, Germany, Italy, U.K. and Spain), Asia-Pacific (India, China, Japan and Australia) and Rest of the world (Brazil) includes historical and forecasted market sizes (2008-2019), in terms of value (USD million) and volume (Kg million).
The competitive landscape section of the seasonings and spices market includes major companies’ market share in each region and market share of major distribution channel. Some of the major players in the seasonings and spices market are McCormick & Company, Nestle, Ajinomoto, Everest Spices, Catch, MDH Spices, Knorr and Kraft Foods. Also, some of the major distribution channels in seasonings and spices market are supermarket and hypermarket, food and drink specialists and convenience stores. The company profiles include attributes such as company overview, product and segments, financial performance, and strategic developments.
Key points covered in the report
The report covers geographic segmentation
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