Spices and Seasonings Market- Forecast to 2020 - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

Spices and Seasonings Market- Forecast to 2020

Description:

The overall spices and seasonings market is expected to grow from USD 11.02 billion in 2014 to USD 14.08 billion by 2020, at a CAGR of 5.2% from 2015 to 2020. Factors such as the increasing demand for packaged or convenience food products and meat & poultry products, owing to changing consumer lifestyle are expected to increase the demand for spices and seasonings globally. The demand for spices and seasonings is anticipated to increase in the Asia-Pacific region owing to factors such as rising disposable income, rapidly growing fast food industry, and urbanization in countries such as China, India, and Japan. The rising consumer awareness about the medicinal benefits associated with the consumption of spices is also expected to increase the demand for spices and seasonings globally. The base year considered for the study is 2014, and the forecast has been provided for the period between 2015 and 2023. – PowerPoint PPT presentation

Number of Views:5
Date added: 28 May 2019
Slides: 8
Provided by: akshjain
Category: Other
Tags:

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Spices and Seasonings Market- Forecast to 2020


1
MarketsandMarkets Presents
Spices and Seasonings Market- Forecast to 2020
https//www.marketsandmarkets.com/Market-Reports/s
pices-market-739.html
2
The report Spices and Seasonings Market by
Type, Application (Meat Poultry Products,
Snacks Convenience Food, Soups, Sauces, and
Dressings, Bakery Confectionery, Frozen
Products, Beverages, and Others), by Region -
Global Trends and Forecast to 2020. The overall
spices and seasonings market is expected to grow
from USD 11.02 billion in 2014 to USD 14.08
billion by 2020, at a CAGR of 5.2 from 2015 to
2020. Factors such as the increasing demand for
packaged or convenience food products and meat
poultry products, owing to changing consumer
lifestyle are expected to increase the demand for
spices and seasonings globally. The demand for
spices and seasonings is anticipated to increase
in the Asia-Pacific region owing to factors such
as rising disposable income, rapidly growing fast
food industry, and urbanization in countries such
as China, India, and Japan. The rising consumer
awareness about the medicinal benefits associated
with the consumption of spices is also expected
to increase the demand for spices and seasonings
globally. Browse 108 market data Tables and 95
Figures spread through 186 Pages and in-depth TOC
on "Spices and Seasonings Market Global Trends
and Forecast to 2020 There is a growing
consciousness among consumers regarding foods
with high nutritional value, which are free from
chemicals preservatives, and microbiological
safety. Meat is an ideal medium for bacterial
growth because of its high moisture content,
richness in growth factors such as nitrogenous
compounds, and source of minerals vitamins.
Furthermore, its pH is favorable for the growth
of microorganisms. Download PDF Brochure
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id739
3
  • The years considered for the study are as
    follows
  • Base year 2014
  • Projected year 2020
  • Forecast period 2015 - 2023
  • Changing lifestyle to increase the demand for
    snacks convenience food products
  • The market by application is led by snacks
    convenience food, in terms of growth rate.
    Changing dietary habits due to factors such as
    changing consumer lifestyle, increasing
    disposable income, and rising number of working
    women has led to an increased demand for packaged
    or convenience food items.
  • Significant growth in the capsicum segment is
    observed in the Asia-Pacific region
  • Capsicum is expected to grow at the highest rate
    during the forecast period. The extensive use of
    capsicum in various cuisines has increased the
    demand for capsicum globally. Furthermore,
    increasing health-consciousness among consumers
    has led to an increased demand for health and
    wellness products, which is expected to fuel the
    demand for capsicum owing to the multiple health
    benefits associated with it.
  • Make an Inquiry https//www.marketsandmarkets.com
    /Enquiry_Before_BuyingNew.asp?id739

4
Key Market Players Key players considered in
the analysis of the spices and seasonings market
are McCormick Company (U.S.), Associated
British Foods (U.K.), Kerry Group Plc. (Ireland),
Olam International Limited (Singapore), and
Ajinomoto Co., Inc. (Japan). Other players that
offer spices and seasonings include Ariake Japan
Company (Japan), SHS Group (U.K.), Dohler Group
(Germany), Worlee Gruppe (Germany), and Sensient
Technologies (U.S.). Major Market
Developments In September 2015, Ajinomoto Co.,
Inc. (Japan) strengthened its frozen foods
business in North America by increasing its
production capacity. This helped the organization
to meet the increasing consumer demand for
packaged frozen products. In December 2014,
McCormick Company, Inc. (U.S.) launched 25 new
flavor products for meeting the increasing demand
for winter meals. The product line includes
sauces, gluten-free recipe mixes, and seasoning
blends. In August 2012, Associated British Food
Ingredients (U.K.) expanded PGP Internationals
business by building a new plant in Indiana, U.S.
The new facility was aimed at expanding the
companys production capacity and capability for
specialty food ingredients and additives. Request
Sample https//www.marketsandmarkets.com/request
sampleNew.asp?id739  
5
  • Scope of the Report
  • On the basis of Equipment Type the snack pellet
    equipment market has been segmented as follows
  • Extrusion
  • Mixing
  • Cutting
  • Drying
  • Frying
  • Seasoning
  • Others (cooling punching)
  • On the basis of product type, the snack pellet
    equipment market has been segmented as follows
  • Potato-based
  • Corn-based
  • Rice-based
  • Tapioca-based
  • Multigrain-based
  • Others (cereal grains (other than rice and
    maize), legumes, and vegetables (other than
    potatoes))

6
Contact Us
ContactMr. Shelly SinghMarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 Email
sales_at_marketsandmarkets.comBlog _at_
http//www.marketsandmarketsblog.com/market-report
s/food-and-beverage Connect with us on LinkedIn _at_
http//www.linkedin.com/company/marketsandmarkets
7
About MarketsandMarkets
MarketsandMarkets provides quantified B2B
research on 30,000 high growth niche
opportunities/threats which will impact 70 to
80 of worldwide companies revenues. Currently
servicing 7500 customers worldwide including 80
of global Fortune 1000 companies as clients.
Almost 75,000 top officers across eight
industries worldwide approach MarketsandMarkets
for their painpoints around revenues
decisions. Our 850 fulltime analyst and SMEs at
MarketsandMarkets are tracking global high
growth markets following the "Growth Engagement
Model GEM". The GEM aims at proactive
collaboration with the clients to identify new
opportunities, identify most important customers,
write "Attack, avoid and defend" strategies,
identify sources of incremental revenues for both
the company and its competitors.
MarketsandMarkets now coming up with 1,500
MicroQuadrants (Positioning top players across
leaders, emerging companies, innovators,
strategic players) annually in high growth
emerging segments. MarketsandMarkets is
determined to benefit more than 10,000 companies
this year for their revenue planning and help
them take their innovations/disruptions early to
the market by providing them research ahead of
the curve. MarketsandMarketss flagship
competitive intelligence and market research
platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper
understanding of the unmet insights along with
market sizing and forecasts of niche markets.
About PowerShow.com