Global Spices Market: Information
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Global Spices Market: Information
Global Spices Market: Information by Product Type (Garlic, Ginger, Turmeric, Cumin, Cinnamon, Pepper, and others), Category (Organic and Conventional), Form (Whole, Ground/Powder and Others), Distribution Channel (Store-Based {Supermarkets & Hypermarkets, Convenience Stores and others} and Non-Store-Based) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2025
Key Players: The key players in Global Spices Market include Everest Spices (India), Cerebos Gregg’s Limited (New Zealand), ITC Spices (India), B&G Foods Holdings Corp. (USA), MAHASHIAN Di Hatti Limited (MDH)(India), McCormick & Co., Inc. (the USA), MTR Foods Private Limited (India) and Olam International (Singapore)
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Global Spices Market: Information
During the forecast period, this report projects Asia Pacific region to dominate the global market. In this region, the biggest markets are countries which are also the producers of many world-famous spices. Such countries are China, India, Indonesia, and Vietnam. Remaining countries of Asia Pacific also play a significant role in the global market. Presence of various agro-climatic zones and seasonal support to various spices cultivation and production in Asia Pacific region boosts the growth of the market. During the forecast period, North America is expected to grow as a Covid-19 Analysis on Spices Market with Canada and the United States of America (USA) emerging as the cream of this market. In Central America, the biggest market for spices exists in Guatemala and Mexico. In Europe, a major share of the market is dominated by Netherlands, Romania Spain, and Ukraine, followed by rest of Europe.
Regional Analysis: In India, the state-owned Gujarat State Fertilizer Corporation Ltd (GSFC) has unveiled a technique that apart from spicing up the food, also retains the taste of Spices Market. GSFC Agrotech Ltd has launched its own packed spice powders. This unique technique grinds the spices in a special way, keeping their aroma intact. This technique has been developed with liquid nitrogen. Liquid nitrogen in grinding machine keeps the temperature cooler. The cool surroundings make spice leaves crispy and easier to crush finely. This way, their natural aroma, and oil remain intact. Although selling coriander and cumin powder currently, GSFC Agrotech has plans to expand its range of spices in the future. Palladium Equity Partners has announced a new investment that marks its entry in spice business. Palladium has taken a stake in the 69-year-old Orlando Company Spice World that specializes in garlic products and spreads. Spice World is run by the Caneza family out of Orlando after moving to Central Florida from Miami in 1981. The company also has a plant in California, where its garlic is grown.
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Global Spices Market: Information
Segmentation Around the world, India has a reputation of being a major producer of spices, and the supply of Indian spices marks the name of India as a brand. Other spices that are famous internationally are from China, and the Middle East. Spices for which the demand is huge, enhance export revenues in major spice-producing countries. Spice farming mechanism conserves the generative and renewing capacity of the soil, plant nutrition, and soil management. It yields nutritious food rich in vitality which on consumption can strengthen consumer's immunity against diseases. Increasing demand for coloring agents and natural flavoring in food, medicinal properties, and health benefits are driving the spices market. Understanding the dynamics of demand and supply of spices, it provides market analysis based on various segments. It covers key players of the market, along with current government regulatory requirements, historical market trends, and technologies.
Intended Audience Spices Manufacturers Traders, Wholesalers, and Distributors Governments, Associations, and Industrial Bodies Investors and Trade Experts
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Copyright Š 2017 Market Research Future.
Global Spices Market: Information
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Copyright Š 2017 Market Research Future.