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Spices And Seasonings Market: Trends And Growth, Segmentation And Key Companies

- Jan 13, 2018 -

Spices and Seasonings market research is provided on major factors such as consumer needs and changes observed in them over time, market sales in terms of value and volume, emerging opportunities, market growth trends, factors driving this market, threats associated with them and market performance of key vendors along with key regions. Industry experts project Spices and Seasonings market to grow at a CAGR of 5.12% during the period 2017-2021.

Seasoning is the process of adding salt, pepper, spices, and herbs during food preparation. Spices are dried fruits, seeds, barks, or roots used to give flavor, aroma, and color to food. There are many spices available in the market in both ground and whole form, and each spice gives a unique flavor to the food. Some of the commonly used spices are black pepper, cinnamon, cumin seeds, turmeric, nutmeg, cloves, ginger, chili powder, vegeta, and garlic. Herbs are the dried leaves of plants or the green parts of plants used for flavoring and in medicines and perfumes. Some of the most commonly used herbs are basil, bay leaves, coriander, mint, and curry leaves. Most of the spices and herbs possess varied medicinal properties and have been in use since ancient times to heal wounds and health problems (even when there was no medicine). The use of spices and seasonings has now become an integral part of food preparation, and consumers are trying to use newer varieties of spices, herbs, and spice mixes to experiment with taste and cuisines.

Spices and Seasonings Market Trend, Challenge and Driver: –

Spices and Seasonings Market trend: – One trend in market is rising demand for organic spices and seasonings. The new trend emerging in the spices and seasonings market is the growing demand for organic spices and seasonings. Recently, the organic spices and seasonings market witnessed high growth due to the growing consumer preference for organic spices and herbs. Consumers across the globe are realizing the importance of good health and the health benefits of organic spices. Many consumers have started considering organic spices to be safer and healthier, but these spices are expensive compared to normal spices and herbs. This hampers the growth of the organic spices and seasonings segment to a little extent. However, the growing health-conscious population is increasing the adoption rate of organic spices despite their high prices. To tap the growth rate, many regional and global players are launching new organic spices in the market. For instance, in June 2016, Simply Organic, an all-organic brand of Frontier Co-op, launched five new savory dips and seasoning mixes including Simply Organic Wicked Aioli Seasoning; Simply Organic Roasted Garlic Hummus Seasoning; Simply Organic Onion Chive Dip Seasoning; Simply Organic Chipotle Ranch Dip Seasoning and Simply Organic Mild Taco Seasoning. Also, prior to this in June 2015, Primal Palate, a US-based spices and seasoning provider launched a line of organic spices and seasonings in the market

Spices and Seasonings Market Challenge: – one challenge in market is uncertain climatic conditions in various spice-producing countries. The production of spices and seasonings is vulnerable to natural disasters and adverse weather conditions such as drought, flood, earthquakes, frosts, and pestilence. Such calamities can reduce the quality of the crop or ingredients and affect the supply of raw materials. They can also increase the prices of raw materials, thereby increasing the manufacturing and processing costs of spices and seasoning. Also, the vendors in this market primarily rely on suppliers or farmers in Asian countries; thus, they are likely to incur huge losses if unfavorable climatic conditions or natural disasters affect their suppliers. Thus, uncertain climatic conditions challenge the growth of the market.

Spices and Seasonings Market Driver: – One driver in market is growing awareness of the medical benefits of spices. Spices today are not just used for taste and flavor but also for the health benefits they possess. They have antioxidant properties and are, thus, used in food to treat health problems or diseases. For instance, turmeric is rich in antioxidants and helps in fighting against diseases such as Alzheimer’s, cancer, and joint inflammation. Cumin seeds have antiseptic qualities and help in building the immune system. They can be used as substitutes even for beauty products and medicines. Black pepper powder is also used to make medicines. It often used to cure stomach upset, bronchitis, and cancer. It is sometimes applied directly to the skin for treating nerve pain(neuralgia) and a skin disease called scabies. Black pepper is also used typically as a counterirritant for pain. As the medicinal properties of various spices are backed by scientific evidence, consumer interest in spices consumers has increased, driving the growth of the global spices and seasonings market.

Consumer Landscape: –

The key to any successful business is understanding the new demands of the customers and keeping a close watch on the changing model of the client base. The more you engage with your client base, the clearer you are about the most productive ways in which to hook your ideal customer. Predicting what your customers want, even before they themselves know about it, is the first step to profitable innovation.

YangQi Foods has focused on top quality seasoning seafood products for over 8 years in China. As a global supplier in the sushi seafood, seasoning seafood products, YangQi foods is to create added value for customers around the world., but now have become one of the leading suppliers in the seasoning seafood industry in China.

Besides our existing molded products, We also can produce OEM products according to the requirement from our customers. We control the product quality critically for every step during the manufacturing from raw materials procurement to finished product testing. We offer technical support that is second to none. …

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