Precision Business Insights has published a report on the global spices and seasonings market, estimating its value at USD 7,200 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 5.0% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/spices-and-seasonings-market
Market Definition:
Spices are ingredients made from plants that give food flavor, color, and scent. Usually, they originate from plant sections that are not leaves.
Drivers:
1) Rising demand for convenient and ready-to-eat meals.
2) Expansion of foodservice and packaged foods.
The global spices and seasonings market segmentation:
1) By Type: Pepper, Chili, Ginger, Cinnamon, Cumin, Turmeric, Nutmeg and Mace, Cardamom, Cloves, and Others.
2) By Application: Meat and Poultry, Bakery and Confectionery, Frozen Food, Snacks & Convenience Food, and Others.
Regional Overview:
The report also examines the current concerns and their Future Effects on the spices and seasonings market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the spices and seasonings market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
· North America (U.S., Canada)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
· Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
· Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like McCormick & Company, Olam International, Kerry Group, Sensient Technologies, Ajinomoto Co., Inc, ARIAKE Japan, Dohler Group.
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