January 25, 2022
According to the recent research report titled ‘North America Seasonings Market Size, By Type (Oregano, Paprika, Ginger, Cinnamon, Cumin, Turmeric, Garlic, Cardamom, Coriander, Cloves), By Application (Bakery and Confectionery, Beverages, Frozen Foods, Savory, Meat and Poultry), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, North America seasonings market is expected to witness considerable growth over 2021-2027.
As per the report findings, North America seasonings market growth can be credited to rising number of health-conscious consumers and shifting preference towards nutritional ingredients.
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Other than helping food taste better, seasonings and spices have a number of health benefits. Spices and seasonings have demonstrated to support heart health as they can increase immunity, lower inflammation, manage blood sugar levels, and prevent allergies among other things. Herbs and spices are particularly high in flavonoids, polyphenols, vitamins, and alkaloids, all of which contribute to their antioxidant effects, facilitating product adoption in recent years.
Notably, industry players are launching strategic initiatives to capitalize on emerging market trends. For instance, in August 2019, Ajinomoto Co. Inc., a Japanese seasonings company, announced the purchase of a 50.1% share in More Than Gourmet Holdings, Inc., a company specializing in classic French sauces and stock. By leveraging More Than Gourmet's U.S. liquid seasoning company and sales channel, Ajinomoto was able to expand its product offerings to the market.
Based on type, paprika segment is projected to contribute significantly to North America seasonings industry growth through 2027, owing to rising intake of processed food products that use paprika as a seasoning agent or spice.
Meanwhile, cinnamon segment is expected to grow substantially over the forecast period, creditable to growing use of the product as a flavoring agent in several food products, beverages, and savory dishes worldwide.
Further, cumin segment is poised to record considerable growth over 2021-2027, due to increasing consumption of cumin in savory dishes. Meanwhile, turmeric segment is anticipated to witness an increased demand on account of wide application of the product as a seasoning agent or spice.
As per application spectrum, frozen foods segment value is expected to surge in the coming years, creditable to increasing use of spices and herbs in frozen foods such as meat and vegetables due to their nutritional benefits.
Prominent firms powering North America seasonings market trends are Corbion, Kraft Heinz Company, Fuchs North America, MDH Spices, Ajinomoto Co. Inc., and Associated British Foods plc among others.