Global Seasonings and Spices Market- Type, Applications, Regional Outlook and Segment Forecast to 2027
Global
Seasonings and Spices Market: Overview
Seasonings
comprise various herbs and spices that are themselves quite often referred
to as "seasonings". However, some food experts are of opinion that
"to season and to flavor are not the same thing" and they emphasize
that seasoning comprises a small or a large amount of salt being added to
a preparation.
The global
seasonings and spices market is expected to gather momentum from the
nutritional benefits of various spices. A rising trend of addition of various
spices in the various ready-to-drink and ready-to-eat products is likely to
emerge as an influencing factor for the global seasonings and spices market
over the period of assessment. Changes in the food habits of consumers, which
also includes quest for newer mouthfeels is predicted to give the market a
thrust. A growing inclination toward Asian cuisines is another factor
influencing growth of the market as spices are used in plenty in almost all of
the Asian cuisines.
Product
and region are the two key parameters based on which the global Seasonings and
Spices Market has been divided. The objective of such segmentation is to
provide a clearer, all-inclusive view of the global seasonings and spices
market.
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Global
Seasonings and Spices Market: Notable Developments
One of the
developments offering a peek into the market dynamics about the global
seasonings and spices market is mentioned below:
·
In August 2019, Japan-based food and ingredients company,
Ajinomoto Co., Inc. acquired almost half of the US-based More Than Gourmet
Holdings, a prominent liquid seasonings company. The latter is a leading
producer of French sauces and stocks. This acquisition is estimated to expand
the reach of the integrated food solutions business of Ajinomoto in the North
America market. Increased use of liquid seasonings in preparations such as
sauces, broths, and stocks as compared to powder seasonings is likely to
increase the sales of Ajinomoto’s products in the region.
Some
well-known organizations in the global seasonings and spices market comprise
the below-mentioned:
·
Kerry Group Plc
·
Ajinomoto Co. Inc.
·
McCormick & Company
·
Olam International Limited
·
Associated British Foods
·
Worlee Gruppe
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Global
Seasonings and Spices Market: Key Trends
The global
seasonings and spices market is marked with the presence of the following
restraints, drivers, and opportunities.
Growing Popularity of Traditional Cuisines is Likely to Shoot Up
Demand
According
to the Food and Agriculture Organization of the United Nations (FAO), change in
the dietary habits of the people, particularly in the developing regions of the
world, is influenced by rise in the income, urbanization, and rapid economic
development. Exposure to exotic food preparations along with growing interest
in traditional dishes for daily food intake is estimated to influence the
market positively. In addition, increasing availability of seasoning and spices
in hypermarkets and supermarkets in urban and semi-urban areas is estimated
boost the global seasonings and spices market over the tenure of
assessment.
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In
addition, rising demand for convenience food is likely to drive the demand for
seasoning and spices as well. The major end use sectors of various spice mixes
comprise producers of ready-to-eat meals, sauces, soups, snacks, and frozen
products. Furthermore, growing preference for intake of healthy food
products amongst the young people in a bit to stay fit and light has led to
rising interest in the origin of the food ingredients. As such, more consumers
are opting for clean-label flavors and ingredients as they are continuously
looking for natural products, which contain intrinsically wholesome, fresh,
balanced, and natural nutrition.
On the
other hand, the food industry is faced with the challenge of finding out
natural ingredients that will not maintain food quality but also will come with
prolonged shelf life, desired texture, and taste. In addition, in
comparison with artificial flavors, natural ingredients come costlier.
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