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Spices and Seasonings Market by Type, Application, Region- 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. Read more @ – PowerPoint PPT presentation

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Title: Spices and Seasonings Market by Type, Application, Region- 2020

MarketsandMarkets Presents
Spices and Seasonings Market- Forecast to 2020
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. The demand for spices and seasonings as key
ingredients in various cuisines is rising
globally, mainly due to changing dietary habits
of people and the rising demand for traditional
food products. Furthermore, factors such as the
rapidly increasing size of the global frozen and
convenience food industry are also expected to
increase the demand for spices and seasonings.
However, unfair trade practices such as
adulteration acts a restraint to the market
growth. 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. The years considered for the
study are as follows Base year 2014 Projected
year 2020 Forecast period 2015 - 2023 Download
PDF Brochure https//www.marketsandmarkets.com/pd
  • 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.
  • Growing Demand for Convenience Foods and rapidly
    increasing urbanization and changing lifestyles
  • According to FAO, rapid economic development,
    income growth, and urbanization are leading to
    changes in dietary patterns of people in
    Asia-Pacific. People are increasingly including
    traditional food items in their daily food
    intake. Moreover, growth in retail channels such
    as supermarkets and hypermarkets in urban areas
    is expected to increase the availability of
    spice, which in turn is projected to boost the
    demand for spices and seasonings.
  • Increased use of spices and seasonings as natural
    preservatives in meat poultry products
  • Meat preservatives restrict microbial activity
    and chemical physical reactions that cause
    deterioration and spoilage of meat meat
    products. Meat preservation works by lowering the
    amount of substances in meat that leads to
    proliferation of pathogens/microbes. 
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  • Clean label a clear trend across global food
  • Increasing consumption of healthy food products
    among modern consumers has led to increasing
    interest in the origin of the ingredients used to
    produce these products. Consumers prefer natural
    and clean-label flavors and ingredients as they
    are constantly looking for natural nutrition
    and are opting for products that incorporate
    inherently natural, fresh, wholesome, and
    balanced nutrition.
  • 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
  • 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
  • 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.
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