The global Spices and Seasonings Market Size is projected to reach USD 22.87 billion by 2026, exhibiting a CAGR of 4.7% in the forecast period (2019-2026).
They are as follows:Ariake Japan CompanyMcCormick & CompanySHS GroupKerry Group PlcOlam International LimitedAjinomoto Co., Inc.Worlée-Chemie GmbHAssociated British FoodsSensient TechnologiesDohler Group Gain More Insights into the Spices and Seasonings Market Reporthttps://www.fortunebusinessinsights.com/industry-reports/spices-and-seasonings-market-101694 What Does the Report Contain?In-depth information about the Spices and Seasonings Market trends, growth drivers, hindrances, opportunities, and other related challenges.Impact of several economic, political, and social factors in the market.Ongoing market dynamics affecting growth.Degree of competition and threat of new entrants.Major Segments includes:By TypePepperChiliGingerCinnamonCuminTurmericNutmeg and MaceCardamonClovesOthersBy ApplicationMeat and PoultryBakery and ConfectioneryFrozen FoodSnacks and Convenience FoodOthersBy RegionIncreasing Demand for Organic Spices & Herbs to Propel GrowthThere is a high demand for organic spices around the world.
They are producing various organic spice commodities by using several spices, namely, ginger, garlic, and chilies.
Besides, in the developed regions, such as Europe, there is rising popularity of organic spices amongst the masses as these spices are made out of natural ingredients and are free from pesticides.
Also, increasing awareness programs amongst the masses regarding the medicinal properties of spices would drive the market growth in the forthcoming years by rising the demand for organic herbs and spices.Snacks and Convenience Food Segment to Lead Owing to Rising Consumption of SnacksIn terms of application, the Spices and Seasonings Market is divided into snacks and convenience food, meat and poultry, frozen food, bakery and confectionery, and others.
It is likely to occur on account of the immense growth of the bakery industry in numerous emerging regions, specifically in Asia Pacific.Asia Pacific to Dominate: Expansion of Food Processing Industry Will Favor GrowthGeographically, the Spices and Seasonings Market is grouped into the Middle East and Africa, Europe, Asia Pacific, North America, and South America.