1. Market Research
  2. > Food
  3. > Processed Food Market Trends

Spices and Seasonings Market by Type, Application, & by Region - Global Trends and Forecast to 2020

  • February 2016
  • 191 pages
  • MarketsandMarkets
Report ID: 3655088

Summary

Table of Contents

Search Inside

“Global spices and seasonings market projected to grow at a CAGR of 5.2% from 2015 to 2020”
The spices and seasonings market is projected to grow at a CAGR of 5.2% and reach USD 14.8 billion by 2020. The market is driven by factors such as increased demand for snacks & convenience food and meat & poultry products due to changing consumer preferences. Furthermore, factors such as increasing disposable incomes and rapid urbanization have also increased the demand for spices and seasonings. The high growth potential in emerging markets and untapped regions provide new growth opportunities for market players.

“Meat & poultry products accounted for the largest share”
Among the applications, meat & poultry products accounted for largest share in 2014 in the global spices and seasonings market. Factors such as increased demand for traditional food products and the need for preserving meat products have led to a rise in demand for spices and seasonings. Furthermore, the increasing consumption of Asian food products in developed countries such as the U.S. and Germany has also resulted in an increased demand for spices and seasonings.

“Asia-Pacific to lead the market in terms of growth rate”
On the basis of region, the spices and seasonings market is led by the Asia-Pacific region. The usage of spices in the industrial sector is less in Asia-Pacific, which presents food processing industries with considerable untapped potential in this region. Furthermore, rising consumption of ready-to-eat food products owing to changing lifestyle and increased disposable income provides opportunities to packaged food manufacturers in this region.

The market size of spices and seasonings estimated in this study has been validated through primaries conducted with various industry experts globally. These primary sources have been divided in three categories: by company; by designation; and by region.

- By Company Type - Tier 1 – 20 %, Tier 2 – 20% and Tier 3 – 60%
- By Designation – C level – 40%, Director level – 60%
- By Region –Europe – 25%, APAC – 50%, Latin America – 25%

Leading players such as McCormick & Company (U.S.), Associated British Foods (U.K.), Kerry Group Plc. (Ireland), Olam International Limited (Singapore), and Ajinomoto Co., Inc. (Japan) have been profiled in the report. Other players include Ariake Japan Company (Japan), SHS Group (U.K.), Dohler Group (Germany), Worlee Gruppe (Germany), and Sensient Technologies (U.S.).

Reasons to buy this report:
- To get a comprehensive overview of the global spices and seasonings market
- To gain wide ranging information about the top players in this industry, their product portfolios, and the key strategies adopted by them
- To gain insights of the major countries/regions in which the spices and seasonings market is flourishing

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Amrita helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Botanical Extracts Market by Source, Application, Form, and Region - Global Forecast to 2022

  • $ 5650
  • Industry report
  • June 2017
  • by MarketsandMarkets

“The botanical extracts market is projected to grow at a significant rate” The botanical extracts market is projected to grow at a CAGR of 9.0% from 2017, to reach USD 6.03 billion by 2022. The demand ...

Essential Oils Market by Product Type, Method of Extraction, Application, and Region - Global Forecast to 2022

  • $ 5650
  • Industry report
  • June 2017
  • by MarketsandMarkets

“The essential oils market is projected to grow at a CAGR of 8.83%.” The essential oils market is projected to reach USD 11.19 billion by 2022 at a CAGR of 8.83% from 2017. The increasing double income ...

Spices and Seasoning Market in the US 2017-2021

  • $ 3500
  • Industry report
  • August 2017
  • by Infiniti Research Limited

About Spices and Seasoning Spices are generally obtained from various parts of plants like bark, root, fruit, seed, and others, used to provide color, flavor, aroma to food. Other uses of spices include ...


ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.