Transparency
Market Research, a U.S.-based market intelligence company, states in
its new research report on the global seasonings and spices market
that the market will observe growth at a decent pace between 2013 and
2019. The market, which had a net value of US$12.7 billion in 2012,
will grow at a 4.8% CAGR and reach US$16.6 billion by 2019. The
report is titled "Seasonings and Spices Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”.The
report examines the global market for seasonings and spices in great
detail by analyzing the key elements of the market and presenting a
comprehensive picture of the competitive landscape.
The
report also highlights the fact that the global market for seasonings
and spices is a market that survived rather profitably during the
recent times of a global economic downturn. The simple fact that
consumers prefer to buy ingredients and create in-house recipes than
eat out during financial crunches has helped the market survive the
tough times. The conditions do reverse when the economy is doing
well, but seasonings and spices are such an integral part of every
cuisine that these products hardly ever run out of demand.
Browse
the full Seasonings and Spices Market report at
:
http://www.transparencymarketresearch.com/seasoning-spices-market.html
The
report categorizes the market based on two key criteria – types of
products and key regional markets. Based on the criterion of product
type, the market is segmented into four broad categories, namely salt
and salt substitutes, herbs, pepper, and spices. Of these, the
segments of salt and salt substitutes and pepper dominate the overall
market, holding nearly 50% of the market collectively.The report
states that the market for seasonings and spices is flourishing in
regions such as Asia Pacific, North America, Europe, parts of Latin
America, and the Rest of the World. While Asia Pacific is the
traditional consumer of seasonings and spices, these products,
especially various intense spices, have only recently started
becoming popular in countries such as the U.S., U.K., and Spain. The
report states that Asia Pacific is the most lucrative regional market
for seasonings and spices. The market observed a demand rise from
409.4 million kg in 2008 to nearly 511 million kg for a variety of
seasonings and spices in 2012.
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a Brochure of this Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1739
The
market for seasonings and spices in Europe is expected to rise to
US$5,723.3 million by 2019. Traditionally, India has been one of the
most extensive producers and consumers of seasonings and spices.
Lately, changing food choices of consumers, rising popularity of
foreign cuisines such as Italian and French, heightened health
awareness amongst the global population, and the use of certain
spices and herbs for medicinal purposes have led to increased demand
for a variety of seasonings and spices across the globe.As of 2012,
Asia Pacific accounted for nearly 66% of the overall volume of
seasonings and spices consumed across the globe. Its share is
expected to observe a rise to nearly 69% by 2010. Despite this,
Europe stood as the leading market with a 35% share in the market in
2012, in terms of value. In the same year, Asia Pacific held a 31%
share of the global market by value. Some of the key businesses
profiled in the report are Nestle, Catch, Everest Spices, MDH Spices,
Kraft Foods, Knorr, and McCormick & Company.
Key
segments of the global Seasonings and Spices Market:
Seasonings
and spices: Segmentation by product
- Pepper
- Salt and salt substitutes,
- Spices,
- Herbs
Major
geographies analyzed under this research report are:
- Europe
- North America
- Asia-Pacific
- Rest of the World
Browse
the full Press
Release:http://www.transparencymarketresearch.com/pressrelease/food-certification-market.htm
About
Us
Transparency
Market Research (TMR) is a global market intelligence company,
providing global business information reports and services. Our
exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of Analysts, Researchers, and Consultants,
use proprietary data sources and various tools and techniques to
gather and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
Contact
Mr.
Atil Chaudhari
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