The Global Market for Spices and Seasonings is Projected to Exceed 3.0 Million Metric Tons by 2022

Effectiveness of Spices in Preventing and Treating Various Health Conditions Drives the Spices and Seasonings Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Spices and Seasonings market. The global market for Spices and Seasonings is projected to exceed 3.0 million metric tons by 2022, driven by the myriad health and wellness benefits offered by spices against the backdrop of the growing focus on positive nutrition, natural remedies and preventive medication.

Spices and seasonings have been the essence of food since time immemorial. Spices and herbs that are perceived as a superfood with the potential to become the next multi-vitamins are currently undergoing a “Renaissance” against the backdrop of spiraling consumer interest in food-based health and well-being. In addition to their culinary value, spices are enjoying renewed interest for their healing powers with the emergence of the science of spice that focus on meeting the rising demand for tasty, natural, healthy and safe food. The expanding aging population also represents another important factor driving strong demand for spices and herbs that offer health enhancing properties. As the richest sources of antioxidants, spices and herbs are leaving other superfoods far behind in terms of popularity and penetration. Myriad health and wellness benefits of spices that are driving widespread consumption across the world include their high antioxidant properties, and the anti-inflammatory effects of regular consumption of spices and herbs as inflammation plays a major role in the development of major diseases such as cardiovascular diseases, cancer, neurological diseases, pulmonary diseases, Alzheimer’s, diabetes, arthritis, and autoimmune diseases.

Future growth in the market will be driven by the growing prominence of Latino, Asian, particularly Indian ethnic spicy food; increasing use of spices as a natural, clean, and healthy ingredient in packaged food; focus on disease prevention than treatment; consumer penchant for new tastes and flavor options; growing appetite for international cuisine with authentic ethnic flavors, and the rising popularity of natural and organic spices and herbs as the green and sustainable source of good nutrition. Other prominent factors benefiting market expansion include rising popularity of convenience foods and processed foods; changing demographics; globalization; surging demand for spices that aid weight loss, and growing awareness about the medicinal value of various spices. Supported by various research programs conducted on discovering their healing characteristics, garlic, cinnamon, ginger, cumin, turmeric, fennel, anise, coriander, paprika and oregano, among several other spices, are touted to offer enormous medicinal value in terms of lowering blood pressure and maintaining healthy body weight, besides preventing certain types of cancers; improving insulin sensitivity, aiding cardiovascular health, and controlling blood glucose levels.

As stated by the new market research report on Spices and Seasonings, the United States represents the largest market worldwide, followed by Europe. Rising immigration levels and the subsequent rise in demand for authentic ethnic flavors is a major factor influencing the consumption of spices and seasonings in these countries. Asia-Pacific, supported by India and China, represents the fastest growing market worldwide with a CAGR of 6.5% over the analysis period. India is the leading producer, exporter and consumer of spices globally. The country account for about 50% share in total trading of spices, and produces and exports more than 70 varieties of the total 109 spices registered by the International Organization for Standardization (ISO).

Key players covered in the report include ACH Food Companies, Inc., Ajinomoto Co., Inc., Ariake Japan Company Limited, British Pepper & Spice Co., Ltd., B&G Foods, Inc., CaJohns Fiery Foods, Char Crust, Inc., Fuchs North America, Golden West Specialty Foods, Inc., Italpepe Srl, International Flavors & Fragrances Inc., McCormick & Co., Inc., Mehran Spice & Food Industries, Old World Spices & Seasonings, S&B Foods Inc., Synthite, and WILD Flavors GmbH, among others.

The research report titled “Spices and Seasonings: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, issues, challenges, mergers, acquisitions, and other strategic industry activities of major players worldwide. The report provides market estimates and projections for all major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), the Middle East & Africa, and Latin America (Brazil and Rest of Latin America). Product segments analyzed for the global and major regional markets include Dehydrated Onion/Garlic; Mustard Seed; Pepper; Sesame Seed; Paprika; Cinnamon, and Others.

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