Spices—Comprehensive Analysis on Global Market Report by Company, by Dynamics, by Region, by Type, and by Application (2019-2026)

Spices—Comprehensive Analysis on Global Market Report by Company, by Dynamics, by Region, by Type, and by Application (2019-2026)

A spice is a seed, fruit, root, bark, or other plant substance primarily used for flavoring, coloring or preserving food. Spices are distinguished from herbs, which are the leaves, flowers, or stems of plants used for flavoring or as a garnish. Many spices have antimicrobial properties. This may explain why spices are more commonly used in warmer climates, which have more infectious diseases, and why the use of spices is prominent in meat, which is particularly susceptible to spoiling.

Spices Market Conspectus

Global Spices Market Report demonstrated that Spices market is poised to present surging growth during the predicted period from USD 8,847 million in 2019 to reach USD 12,499 million by 2026 with a CAGR of 5.06%. Global economic development, government regulations adjustment, related industry dynamics, industrial upgrading, and competition among market’s participators are some of the key factors that influence the Spices market development. A distinctive and comprehensive picture of Spices is embodied in the report.

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Major Participators Landscape

The global spice market presents a fragmented competitive landscape due to the existence of a large number of small-scale companies. The market also includes some big companies that occupy important positions, making the market intensely competitive. Key market players covered in the report such as Savory Spice Shop, LLC, McCormick＆Company, Simply Organic, Maggi (Nestlé), Mrs. Dash, Spice Islands (B & G Foods, lnc), Morton & Bassett Spices, Penzeys Spices, Goya Foods, Inc., Gryffon Ridge Spice Merchants, Magic Seasoning Blends, LLC, Everest, MDH, Catch, Mothers Recipe, Cookme, Priya, Pushp, Ramdev, and Nilon's.

Market Dynamics Abstract

One of the main driving forces in the global spice market is to increase the use of spices as natural preservatives in various poultry and meat products. Furthermore, with the global health-conscious young population's demand for healthy and nutritious food increasing dramatically, the consumption group of this part of food has also expanded.

Market Challenges Abstract

However, the market is projected to be restricted due to strict government regulations on food additives in different countries such as Canada, Britain, France, Italy, and the United States. Several food safety organizations such as the Food and Drug Administration have set high standards for the intended use of condiments by consumers.

Market Trends Abstract

Supermarkets have developed a new business tactic. They have begun to cross-sell condiments and perishable foods. This health-driven idea has given products such as cinnamon on sweet potatoes, basil, and oregano on broccoli to customize their food as per the target group. The global spice market can benefit greatly from this.

Spices Type Abstract

On the basis of the type, the Spices can be bifurcated into Spices Herbs, Spices Grains, and Others.

Spices Application Abstract

The Spices is commonly used in Food Processing Industry, Catering Industry, Household, and Others.

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Key Regions Overview

The report covers the major countries analysis in North America, Europe, Asia Pacific, and the rest of the world. Furthermore, policy mobilization, social dynamics, fashion trends, and economic development in these countries are also taken into consideration.

The Asia Pacific is the largest sales volume market for spices with a revenue market share nearly 33.20% in 2018. The next is Europe and North America, accounting for 28.41% and 28.17% respectively. The APAC region is projected to continue to dominate the global spice market, accruing revenue of roughly USD 2,796 million in 2018. Countries such as India, China, Indonesia, and Vietnam have earned a reputation for giving the world a variety of spices that are not found elsewhere. Diverse agro-climatic zones and favors drawn from seasons have given this region advantage in the cultivation of spices. The Netherlands, Romania, Spain, and Ukraine have made significant contributions to the European market. Additionally, rising awareness regarding the medicinal properties of spices will continue to keep the demand for spices high in North America over the forecast period as well.

Table of Content

1 Report Overview

1.1  Product Definition and Scope

1.2  PEST (Political, Economic, Social and Technological) Analysis of Spices Market

…

2 Market Trends and Competitive Landscape

3 Segmentation of Spices Market by Types

4 Segmentation of Spices Market by End-Users

5 Market Analysis by Major Regions

6 Product Commodity of Spices Market in Major Countries

7 North America Spices Landscape Analysis

8 Europe Spices Landscape Analysis

9 Asia Pacific Spices Landscape Analysis

10 Latin America, Middle East & Africa Spices Landscape Analysis  

11 Major Players Profile

11.1 Savory Spice Shop, LLC

11.1.1 Savory Spice Shop, LLC Company Profile and Recent Development

11.1.2 Market Performance

11.1.3 Product and Service Introduction

11.2 McCormick＆Company

11.3 Simply Organic

11.4 Maggi (Nestlé)

11.5 Mrs. Dash

11.6 Spice Islands (B & G Foods, lnc)

11.7 Morton & Bassett Spices

11.8 Penzeys Spices

11.9 Goya Foods, Inc.

11.10 Gryffon Ridge Spice Merchants

11.11 Magic Seasoning Blends, LLC

11.12 Everest

11.13 MDH

11.14 Catch

11.15 Mothers Recipe

11.16 Cookme

11.17 Priya

11.18 Pushp

11.19 Ramdev

11.20 Nilon’s

…

Target Audience:

•          Spices manufacturers

•          Raw material suppliers of Spices

•          Distributors and resellers of Spices

•          Spices industry associations

•          Spices end-user sectors

•          Product managers, Spices industry administrator, C-level executives of the industries

•          Market Research and consulting firms

•          Small and Medium-sized Enterprises (SMEs)

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