April 27, 2022
According to the research report titled ‘Seasonings Market Size By Type (Oregano, Pepper, Paprika, Ginger, Cinnamon, Cumin, Turmeric, Garlic, Cardamom, Coriander, Cloves), By Application (Bakery & Confectionery, Beverages, Frozen Foods, Savory Snacks, Meat & Poultry), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Romania, Hungary, Netherlands, China, India, Japan, South Korea, Malaysia, Indonesia, Brazil, Argentina, Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available with MarketStudyReport, seasonings market is anticipated to witness significant growth during 2019-2025.
Report findings suggest that seasonings market growth is being fuelled by the increasing trend of ethnic cooking in western countries as a result of shifting taste preferences and a rising multicultural population. Growing popularity of Indian garam masala, Thai curry mixes, Chinese five spices, oregano, Mexican chilies, and coriander will further contribute towards industry expansion.
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Increasing demand for clean label products, as well as rising consumer awareness of the health advantages of turmeric and coriander usage are expected to boost the industry outlook during the forecast duration.
However, rising spice prices and climate variables may stifle the market expansion during 2019-2025.
Based on type terrain, cinnamon segment is projected to grow significantly during 2018-2025, due to presence of several properties such as antioxidant, anti-inflammatory, and anti-diabetic effect, as well as ability to lower blood sugar levels.
In terms of application spectrum, the frozen food and beverages segments are estimated to amass notable gains by 2025, due to increasing consumer spending, diverse application of spices, and stringent regulations by government to maintain quality standards of these products.
Meanwhile, savory snacks segment is reckoned to garner notable returns over the forecast timeframe, owing to increased product demand for savoury snacks made from potato, rice, wheat, and maize, as well as inclination to try new flavours due to growing urbanisation and lifestyle changes.
Regionally, Asia Pacific industry is expected to record a CAGR of 4.5% over the analysis timeframe, on account of escalating demand for various spices such as curry powder and other seasoning mixes, alongside availability of raw materials in the region.
The key players in worldwide seasonings market are Ariake Japan Co. Ltd., Kraft Foods Inc., Unilever plc, Dharampal Satyapal Group, Everest Food Products Pvt. Ltd., Symega Food Ingredients Limited, Mahashian Di Hatti Private Limited, Ajinomoto Co. Inc., Associated British Foods plc, Nestlé S.A., Corbion N.V., Olam International Limited, and McCormick & Company Incorporated.