DUBLIN, May 6, 2020 /PRNewswire/ -- The "Spices and Seasonings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The global spices and seasonings market is currently experiencing a healthy growth. Looking forward, the market is expected to exhibit a CAGR of around 4% during 2020-2025.
The growing hospitality industry, along with the increasing preference for ready-to-eat and ready-to-drink products, is among the key factors driving the growth of the market. Furthermore, there is a growing inclination among consumers to try innovative cuisines and flavor-rich dishes, which are prepared using a variety of spices and seasonings. Apart from this, they are also utilized as natural preservatives to restrict microbial activity and maintain the quality of meat and poultry products.
Additionally, growing health consciousness among the consumers is acting as another major growth-inducing factor. Spices and seasonings are rich in antioxidants and many of them are considered to have medicinal properties, owing to which they are used for treating numerous diseases and ailments. For instance, turmeric is widely used to build immunity against cancer, Alzheimer's disease and inflammation in the joints. Moreover, the rising preference for exotic cuisines and organic ingredients, along with the increasing consumer expenditure on food and beverages is projected to drive the market further.
The competitive landscape of the industry has also been examined with some of the key players being Ajinomoto, ARIAKE JAPAN Company, Associated British Foods, Baria Pepper, Dhler, DS Group, Everest Spices, Heinz, Kerry Group, McCormick & Company, Olam International, Sensient Technologies, SHS GROUP, Spice Hunter, Unilever, Worle, etc.
Key Questions Answered
- How has the global spices and seasonings market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global spices and seasonings market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Spices and Seasonings Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Forecast
6 Market Breakup by Product
6.1 Salt & Salt Substitutes
7 Market Breakup by Application
7.1 Meat & Poultry Products
7.2 Snacks & Convenience Foods
7.3 Soups, Sauces & Dressings
7.4 Bakery & Confectionery
7.5 Frozen Products
8 Market Breakup by Region
8.1 North America
8.4 Latin America
8.5 Middle East & Africa
9 SWOT Analysis
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Indicators
12.1 Key Price Indicators
12.2 Price Structure
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
- ARIAKE JAPAN Company
- Associated British Foods
- Baria Pepper
- DS Group
- Everest Spices
- Kerry Group
- McCormick & Company
- Olam International
- Sensient Technologies
- SHS Group
- Spice Hunter
For more information about this report visit https://www.researchandmarkets.com/r/j6ezrm
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