Transparency
Market Research has recently published a new research report that
explains the details about the global
seasonings and spices market. The research report, titled
“Seasonings and Spices Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast, 2013 - 2019,” examines the
various factors supporting the growth of this market and those
hampering its success. According to the research report, the global
seasonings and spices market was valued at US$12.7 bn in 2012 and is
expected to reach US$16.6 bn by 2019, expanding at a CAGR of 4.8%
between 2013 and 2019.
Seasonings
and spices are food additives that impart flavor and nutritional
value to cuisine. These are age-old products used in a variety of
food preparations across the world for their medicinal values, taste,
and their ability to enrich meals. The remedial nature of seasonings
and spices has been their primary growth driver for several years.
Despite economic ups and downs across the world, the global
seasonings and spices market has remained strong as consumers
typically opt for cooking at home during such periods, instead of
eating out.
The
global seasonings and spices market is segmented on the basis of
product and geography. The products available in this market are salt
and salt substitutes, pepper, spices, and herbs. Geographically, this
market is segmented into Rest of the World, Asia Pacific, North
America, and Europe.
Out
of all the products available in the global seasonings and spices
market, the salt and salt substitutes and pepper segments lead the
overall market with a collective share of 50%. This growth can be
attributed to the indispensable nature of the products and their
unique ability to impart instant taste to food preparations.
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Free exclusive Sample of this
report:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1739
According
to the research report, the global seasonings and spices market is
expected to witness remarkable growth in geographical regions such as
Latin America, Europe, North America, Asia Pacific, and the Rest of
the World. Though Asia Pacific has been the biggest and the oldest
consumer of seasonings and spices, the growing popularity of these
items in the U.S. and U.K. is also propelling their global share in
the market. The report showed that the demand for seasonings and
spices in Asia Pacific stood at 409.4 mn kg in 2008 and rose to 511
mn kg in 2012. The emerging economy of India is deemed to the biggest
support system behind the remarkable growth of the seasonings and
spices market in Asia Pacific.
Some
of the important players operating in the global seasonings and
spices market are Kraft Foods, MDH Spices, Catch, Everest Spices,
McCormick & Company, Knorr, and Nestle. The research report
provides a complete analysis of the competitive landscape present in
the global seasonings and spices market along with branding and
marketing strategies devised by these companies to gain a competitive
advantage. The report also offers valuable insight into the financial
overview, research and development strategies, investment outlook,
and strategic mergers and acquisitions of these companies for the
coming few years.
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
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