Seasonings and Spices Market Assess the Trends, Opportunities and Competition in the Market

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Seasonings and Spices Market Assess the Trends, Opportunities and Competition in the Market

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The global seasonings and spices market is projected to generate a revenue of $30.4 billion by 2023, increasing from $21.5 billion in 2017, and is predicted to progress at a 6.0% CAGR during the forecast period (2018–2023). – PowerPoint PPT presentation

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Title: Seasonings and Spices Market Assess the Trends, Opportunities and Competition in the Market


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Seasonings and Spices Market By Industry Share,
Revenue, Growth, Global Foresight And Key Growth
Drivers
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  • The preference of consumers has changed radically
    since the past few years. A major reason for
    this is globalization, owing to which, different
    cultures are now being celebrated all across the
    globe. This includes the changing eating habits
    of people, as now consumers are open to
    experimentation and are increasingly trying new
    flavors and tastes. Recently Mexican, Chinese,
    and Continental cuisines have become increasingly
    popular all across the globe.
  • These cuisine make extensive usage of different
    kinds of spices and seasoning, because of which,
    the demand for these products is growing rapidly
    all across the globe.
  • The global seasonings and spices market is
    projected to generate a revenue of 30.4 billion
    by 2023, increasing from 21.5 billion in 2017,
    and is predicted to progress at a 6.0 CAGR
    during the forecast period (20182023). The
    market is bifurcated into whole and ground in
    terms of product, between which, the whole
    bifurcation accounted for the larger share of the
    market in 2017. This is due to the fact that
    whole seasonings and spices are utilized in both
    residential and industrial sectors. The
    bifurcation is further divided into ginger,
    aniseed, saffron, chili flakes/pepper, vanilla,
    chives, tarragon, cinnamon, thyme, cumin,
    rosemary, dill, sesame, fennel, blue poppy
    seeds, and white poppy seeds.
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    analysis/spices-and-seasonings-market/report-sampl
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  • As per a report by PS Intelligence, the
    Asia-Pacific region dominated the seasoning and
    spices market, both in terms of volume and value,
    in 2017. This is primarily due to the surging
    population in countries such as India and China,
    which is creating high demand for these
    products. India is the second-most populated
    country and the largest consumer of spices and
    seasonings across the globe. The demand for these
    products is also expected to increase
    significantly in North America and Europe in the
    coming years, as the consumption of various
    spices in these regions has increased
    considerably in recent times.
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  • In conclusion, the demand for seasonings and
    spices is increasing because of the expanding e-
    commerce sector and changing food habits of
    people around the world.
  • Seasonings and Spices Market Segmentation by
    Product
  • Whole
  • Aniseed
  • Chili flakes/pepper
  • Chives
  • Cinnamon

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  • Parsley
  • White poppy seeds
  • Blue poppy seeds
  • Sesame
  • Rosemary
  • Thyme
  • Tarragon
  • Vanilla
  • Saffron
  • Ginger
  • Others (including cardamom, clove, bay leaf,
    fenugreek, mace, and mustard seed)
  • Ground
  • Black pepper
  • White pepper
  • Basil
  • Chili powder
  • Coriander
  • Marjoram
  • Oregano

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