Spices Market Research Report - Global Forecast till 2025
Spices Market Research Report - Global Forecast till 2025
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Copyright Š 2017 Market Research Future.
Spices Market Research Report - Global Forecast till 2025
1 Summary 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 Prominent Players in the Global Spices Market include McCormick & Company, Inc (US), Frontier Co-op (US), Colorado Spice (US), SpicesInc.com (US), The Watkins Co. (US), Organic Tattva (India), Organic Spices Inc (US), Sauer Brands, Inc (US), B&G Foods, Inc (US), Terana, SA (Mexico), and TAJĂ?N (Mexico).
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Copyright Š 2017 Market Research Future.
Spices Market Research Report - Global Forecast till 2025
2 Market Overview Spices Market is expected to register a CAGR of 3.89% and reach USD 14,512.6 Million by 2025. A spice is a seed, fruit, root, bark, or other parts of the plant, which is primarily used for flavoring, coloring, or preserving food products. Many spices have antimicrobial properties. The growth of the spices market can be attributed to the growing popularity of cross-culture cuisines. Immigrants bring with them the traditional cuisines of their native lands, resulting in the rising popularity of cross-culture cuisines worldwide. This trend has increased the demand for various spices, especially in Europe and North America, thereby boosting the growth of the global spices market.
Regional Analysis: Asia-Pacific is expected to constitute a dominant share of the spices market during the forecast period. The region accounted for 46.60% share of the market in 2018. The rest of Asia-Pacific and India are among the major contributors to the growth of the Asia-Pacific market. The market in the region is projected to register a significant CAGR of 4.07% during the forecast period of 2019 to 2025. Asia is known as the “Land of Spices� as it is the place of origin, production, consumption, and export of most of the spices. Almost every country in Asia-Pacific produces spices and has a high consumption of the same. Traditionally, spices have been an integral part of various Asian cuisines, which is majorly driving the growth of the spices market in this region. Furthermore, the European market holds a prominent share of the global spices market due to the increasing demand for spices such as pepper, paprika, pimento, and cinnamon, among others.
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Copyright Š 2017 Market Research Future.
Spices Market Research Report - Global Forecast till 2025
3 Pages Segments On the basis of product type, the global spices market has been divided into garlic, ginger, turmeric, cumin, cinnamon, pepper, and others. The other segment is expected to dominate the global market and be valued at USD 8,508.9 million by the end of 2025. The ginger segment is projected to register the highest CAGR of 4.50% from 2019–2025. Ginger is a commonly used spice, which was first cultivated in China and has gained acceptance across the globe. Ginger offers several health benefits and is used to treat dizziness, nausea, and cold sweats. Ginger also contains various active components, including volatile oils and phenol compounds called gingerols, which help relief from nausea. Thus, due to the health benefits associated with ginger, the demand for ginger is expected to increase during the forecast period, 2019–2025.
Intended Audience
Spices Manufacturers Traders, Wholesalers, and Distributors Governments, Associations, and Industrial Bodies Investors and Trade Experts
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Copyright © 2017 Market Research Future.
Spices Market Research Report - Global Forecast till 2025
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Copyright Š 2017 Market Research Future.