Spices are used for improving the taste of food by adding ingredients such as herbs, spices, garlic or ginger, chilli flakes, salt, and others. Seasoning food requires the addition of salt as it removes moisture and intensifies aromas. The leaves, flowers and stems of various plants are widely used for seasoning, coloring, preserving food as a means of improving memory and strengthening the immunity. The Italian condiments, poultry condiments, and others are various types of condiments used for kitchen condiments globally.
As per analysis, “Spices and Seasoning Market: Current Analysis and Forecast (2021-2027)” the key companies operating in the global spices & seasoning market include MC Cormick Company Inc., Ariake Japan Co. Ltd., Olam international, Dohler Group, Kerry Group, Ajinomoto Co. Inc., Kikkoman Corp., Associated British Food Plc., MDH, Everest Spices and among others.
In terms of product type, spices & seasoning market can be categorized as salt & salt substitutes, herbs and spices. Herbs include mint, garlic, rosemary, oregano, parsley, fennel and others. Additionally, spices include cinnamon, ginger, pepper, turmeric, coriander, cumin, cloves and others. Pepper segment dominates the global market owing to high demand for this ingredient from various food & beverage manufacturers. In addition, in terms of application, market can be categorized as frozen food, beverages, meat & poultry products, bakery & confectionary products, soup-sauces & dressings and others. Rising health awareness among individuals has increased the consumption of salads resulting in demand for various types of dressings and sauces in the spices and condiments market. Additionally, the meat and poultry products segment holds a significant share of the global market due to the increased preference for incorporating ethnic flavors into conventional meat products to add aesthetic appeal and enhance overall quality.
Rise in demand for convenience food, followed by change in the dietary habits of the people, rise in demand for exquisite spices & seasonings for in-home culinary preparations, increase in expenditure on food, growth in popularity for exotic food, rise in availability of spices & seasoning in hypermarkets & supermarkets in urban & semi-urban areas and growth in demand for convenience food are some major factors, which are responsible for growth of the spices & seasoning market. Apart from this, stringent government regulations for manufacturing of unorganized logistics and spices & seasonings may impact the market. Moreover, growth in popularity of Western foods is a leading opportunity for market.
By regional analysis, the North-America is a leading region in global spices & seasoning market owing to growth in consumption of sauces & salad dressings across the region. The Europe and Asia-Pacific regions are projected to witness higher growth rate due to favorable environmental conditions for spice plantation, presence of a large base of population coupled with rise in use of spices in the regional cuisines over the forecast period. It is predicted that future of the global spices & seasoning market will be optimistic caused by supportive government policies toward increasing the spice production, rise in awareness of harmful effects of chemical preservatives and increase in demand for ready-to-use spice mixes during the forecast period.
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Ankur Gupta, Head Marketing & Communications