Seasoning is the
process of adding salt, pepper, spices, and herbs during food preparation.
Spices are dried fruits, seeds, bark, or roots used to give flavor, aroma, as
well as color to food. Herbs are dried leaves of plants or the green parts of
plants used for flavoring, medicine, and perfumes. Most of the spices and herbs
carry varied medicinal properties and have been in use since ancient times to
heal wounds and health problems.
Analysts forecast
the Global Spices
and Seasonings market on the
basis of revenue and volume to grow at a CAGR of 4.93 percent and 3.64 percent,
respectively, over the period 2013-2018.
The report
recognizes the following companies as the key players in the Global Spices and
Seasonings Market: Ajinomoto Co., Inc., Kraft Foods Group Inc., McCormick &
Co., Inc. and Nestlé SA.
Other Prominent
Vendors in the market are: Ariake Japan, B&G Foods, Baria Pepper, Bart
Spices, British Pepper & Spice, CaJohns Fiery Foods, Char Crust, DS Group,
Frontier Natural Products, Golden West Specialty Foods, Goya Foods, Griffith
Laboratories Worldwide, Italpepe, Mehran Spice & Food, Newly Weds Foods,
Old World Spices & Seasonings, The Nutmeg Spice, Tone Brothers, Vanns
Spices, Victoria Gourmet, Williams Foods, Xcell International.
One major trend in
the market is the growing popularity of ready-to-use spice mixes. Spice mixes
are increasingly becoming popular among consumers as they save time and effort
and provide consistency in terms of taste. New varieties of aromatic tablets
and blended spices developed for specific and exotic cuisines are being made
available to the consumers.
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Covered in this Report
This report covers
the present scenario and the growth prospects of the Global Spices and
Seasonings market for the period 2013-2018. To calculate the market size, the
report considers the total sales of spices and seasonings.
Global Spices and
Seasonings Market 2014-2018, has been prepared based on an in-depth market
analysis with inputs from industry experts. It covers the Global Spices and
Seasonings market landscape and its growth prospects in the coming years. The
report also includes a discussion of the key vendors operating in this market.
According to the
report, the major driver of market growth is the increased importance of spices
and seasonings. Spices and seasonings give flavor, aroma, and color to food,
attracting consumers to use them in food preparation. With increased demand for
ethnic foods, the interest in different spices is also increasing. . Rather
than using artificial additives, consumers are seeking to use naturally originating
spices in food preparation. Various spices and herbs are also gaining
importance because of their health benefits
Further, the report
states that one key challenge in the market is the highly fragmented nature of
the market because of the presence of several local and international vendors.
Especially in Asian countries, the market for spices is still largely
unorganized, making it difficult for large vendors to capture the market. It is
also difficult to identify the differentiating factors between the product
offerings of various vendors as product differentiation is rarely possible.
This has resulted in intense competition and volatility in prices in the
market.
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