Seasoning & Spices Global Faucets Market Demand Makes Room for New Growth Story
According to HTF Market Intelligence, the Seasoning & Spices Market is Anticipated to grow at a CAGR of 4.89% during the forecast period.
Seasoning & Spices Market Overview
Seasoning and spices are food ingredients used to add flavor, aroma, and sometimes color to dishes. Seasonings are typically mixtures of dried herbs, such as oregano, thyme, and basil, and spices, such as cinnamon, nutmeg, and cloves, that are added to dishes during cooking. Spices, on the other hand, are often made from the seeds, roots, bark, or fruits of plants, such as black pepper, cumin, and turmeric. Both seasoning and spices can be used in various forms, including ground, whole, or dried, depending on the specific recipe. They are used in a variety of cuisines and dishes, ranging from soups and stews to meat dishes and baked goods.
Some of the companies listed in the study from the complete survey list are McCormick & Company, Inc. (United States), Everest Food Products Pvt Ltd. (India), Frontier Co-op (United States), Sauer Brands, Inc. (United States), Podravka d.d. (Croatia), Olam International (Singapore), Ajinomoto Co. Inc. (Japan), Associated British Foods plc (United Kingdom), Kerry Group plc (Ireland).
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Market Trends
There is a trend towards innovative and unique flavor blends. Consumers are looking for new and exotic taste experiences, leading to the creation of spice blends inspired by global cuisines.
Market Drivers
Demand for ethnic and international cuisine has grown, leading to an increase in the demand for a wider variety of spices and seasoning blends.
Market Opportunities:
Consumers are becoming more conscious of the health benefits associated with certain spices. Spices are often recognized for their antioxidant properties, anti-inflammatory effects, and other health-promoting attributes.
Seasoning & Spices Market Segmentation
The Seasoning & Spices Market is Segmented by Application (Foodservice, Retail) by Type (Saline Seasonings, Acid Seasonings, Hot Seasonings, Saccharine Seasonings, Others) by Price Range (Low, Mid, High) by Cuisines (Chinese, Italian, Thai, Indian, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
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