1 / 7

The overall spices and seasonings market is expected to grow from USD 11.02 billion in 2014 to USD 14.08 billion by 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.

akshjain
Download Presentation

The overall spices and seasonings market is expected to grow from USD 11.02 billion in 2014 to USD 14.08 billion by 2020

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. MarketsandMarkets™ Presents Spices and Seasonings Market- Forecast to 2020 https://www.marketsandmarkets.com/Market-Reports/spices-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.asp?id=739

  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?id=739

  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), WorleeGruppe (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 International’s business by building a new plant in Indiana, U.S. The new facility was aimed at expanding the company’s production capacity and capability for specialty food ingredients and additives. Request Sample: https://www.marketsandmarkets.com/requestsampleNew.asp?id=739

  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 Contact:Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 Email: sales@marketsandmarkets.comBlog @ http://www.marketsandmarketsblog.com/market-reports/food-and-beverage Connect with us on LinkedIn @ 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. MarketsandMarkets’s 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.

More Related