Spices and Seasonings Market Release involving SHS Group, Olam International, Mccormick and Company and other Global Key Players by WMR

2022-06-08 12:08:29 UTC | Food & Beverages
Spices and Seasonings Market Release involving SHS Group, Olam International, Mccormick and Company and other Global Key Players by WMR
The global Spices and Seasonings market was valued at USD 12.08 billion in 2016 and is projected to reach USD 18.73 billion by 2025, growing at a CAGR of 5.0% from 2017 to 2025.

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The packaged food category is the major consumer of spices and seasonings. This product not only adds flavor to the products but also plays a major role in improving the shelf life of products. The changing lifestyles and eating habits are expected to boost the demand for spices and seasonings.

Sample Infographics:

Market Dynamics:

1. Market Drivers
1.1 Growing demand for convenience foods
1.2 Rising usage of spices in the preservation of meat products
2. Market Restraints
2.1 Adulteration of spices
2.2 Products are prone to microbial contamination

Market Segmentation:
The global Spices and Seasonings market is segmented on the type, application, and region.
1. By Type:
1.1 Capsicum
1.2 Pepper
1.3 Ginger
1.4 Cinnamon
1.5 Cardamom
1.6 Cumin
1.7 Coriander
1.8 Cloves
1.9 Mace and Nutmeg
1.10 Turmeric
1.11 Others
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2. By Application:
2.1 Beverages
2.2 Frozen Products
2.3 Dressings, Sauces, and Soups
2.4 Poultry and Meat Products
2.5 Convenience Foods and Snacks
2.6 Confectionery and Bakery
2.7 Others

3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa

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Competitive Landscape:
The major players in the market are as follows:
1. SHS Group
2. Olam International
3. Mccormick and Company
4. Kerry Group PLC
5. Worlee Group
6. Sensient Technologies
7. Ariake Japan Co. Ltd.
8. Dohler Group
9. Ajinomoto Co. Inc.
10. Associated British Foods PLC
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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