Spices and Seasonings Market size is $2.29Bn in 2019, growing at a CAGR of 5.5% during the forecast period 2020-2025. Spices are used for enhancing the flavor of food by adding ingredients such as herbs, spices, garlic or ginger, chili flakes, salt,and others. Seasoning food requires the addition of salt asit draws out moisture and intensifies flavors.Spices are obtained from the leaves, flowers and stems of various plants, and others for flavoring, coloring,and preserving food products. Seasoningis a combination of herbs, salt, and others which are added during the preparation of food to enhance its flavor and taste, spices and seasonings offer health benefits, such as improving memory and boosting immunity. Italian seasoning, poultry seasoning,and others are different types of seasoning used for cuisine flavorings.
By Application- Segment Analysis
In 2019,Meat & Poultry Products segment dominated the Spices and Seasonings Market in terms of revenue is estimated to grow at a CAGR of 4.8% during the forecast period 2020-2025. The manufacturing of traditional meat products, developing and manufacturing products with fresh quality and innovative ingredients to meet diverse requirements of customers. The preservatives help in controlling the growth of microbes in the meat, it also improves its nutritional contents.
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Geography - Segment Analysis
In 2019, the Asia-Pacific region dominated Spices and Seasonings Market in terms of revenue with a market share of 42%.This can be attributed to the increase in the production of spices in different countries in the region, favourable environmental conditions for spice plantation, and supportive government policies toward increasing the spice production. Inclination towards Asian Cuisine which include more spices in the diet has also fueled the market.Europe is estimated to record the fasted growth rate during the forecast period 2020-2025.
Drivers – Spices and Seasonings Market
Increased use of spices and seasonings
The increased consumer awareness about these negative impacts of chemical preservatives has led to an increase in the demand for natural preservation, which includes spices for meat &poultry products. The nutritional benefits of various spices have helped in the growth of the market. A growing trend of incorporating spices into ready-to-eat and ready-to-drink foods and beverages aided growth to the market.
Challenges – Spices and Seasonings Market
Contamination of spices
The adulteration / contamination of spices is restraining the market’s growth as it is the mixing of inferior and sometimes harmful quality substances with food or drink intended to be sold. It is very harmful for people suffering from diabetes or blood pressure as the food or drink becomes impure and unfit for human consumption.
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Spices and Seasonings Industry Outlook
Product Launches was the key strategy of the players in the Spices and Seasonings Industry. Spices and Seasonings top 10companies include Ajinomoto Co., AVT McCormick Ingredients Ltd, British Pepper & Spice Co, B&G Foods, Global Spices Inc, Griffith Laboratories Worldwide, Malabar Super Spice Co, The Nutmeg Spice Co, Vallabhdas Kanji Limited andACH Food Companies,
Acquisitions/Product Launches
In October 2020,ACH Food Companies, Inc., a manufacturer of cooking and baking products, acquired Anthony’s Goods, a digital brand. This acquisition helped in increasing consumer demands for high quality natural and organic options.
Key Takeaway
Increasing use of various seasonings and spices by individuals from different cultural background is set to propel the growth of the market.
Increase in the consumption of meat and poultry products by the consumers promotes the Spices andSeasonings Market.
Europe region is estimated to record the fastest growth rate during the forecast period 2020-2025.
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The rise in disposable income and changing the lifestyle of the contemporary generation has led to a propitious disruption in the food & beverages (F) industry, and this is substantially reflecting in the spices and seasonings market which is at the tipping point of profitability due to the increasing demand from the consumers.
The report covers Spices and Seasonings Market size by type and applications, Spices and Seasonings Market share by top 5 companies and also the market share by start-ups during the forecast period.View Full Table of Contents of Smart Irrigation Market:https://www.industryarc.com/Research/Spices-And-Seasonings-Market-Research-504443Report Price (Single User): US $3850Another factor responsible for the growth of the spices market is the increasing preference for ready-made spices such as chilly spices with a fusion of ethnic tastes.
The growth of the seasonings market can be further fathomed by the increasing trade in the parent industry that includes sauce, mixed condiments, and seasoning.
Similarly, the spices market is also observing an increase in worldwide trade, which is the evidence of the spices and seasonings market growth.As a result of the market disruptions and growing demand from the consumers, the spices and seasonings market size was evaluated at $2.29 billion in 2018, and it is poised to grow at a healthy CAGR of 5.5% during the forecast period 2019-2025.Europe Spices and Seasonings Market & Opportunities for the Companies:In 2018, Europe had the maximum spices and seasonings market share with 42% in global revenues.
Now, this rise in disposable incoming is allowing the consumers to splurge more on food products such as fast food and convenience food, which is creating opportunities in the Europe spices and seasonings market growth.The Increasing Preference towards Natural Spices Expanding the Europe Spices Market –Healthy living has been gaining a propitious prominence in the Europe food industry for years now.
It is quite evident when natural spices and herbs increasingly replace the salt, sugar, and other synthetic additives.
The Latest Trending Report Global Spices and Seasonings Market 2020 By Manufacturers, Regions, Type And Application, Forecast To 2025 Offered By Decisiondatabases.Com Is An Informative Study Covering The Market With Detailed Analysis.
The Report Will Assist Reader With Better Understanding And Decision Making.The Spices and Seasonings market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.This report also researches and evaluates the impact of Covid-19 outbreak on the Spices and Seasonings industry, involving potential opportunity and challenges, drivers and risks.
We present the impact assessment of Covid-19 effects on Spices and Seasonings and market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.
).Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/28418-spices-and-seasonings-market-analysis-reportThe major players covered in Spices and Seasonings are:McCormickZhumadian Wang ShouyiAriakeUnileverEverest SpicesAjinomotoCatch(DS )Olam InternationalKerry Plc.
(Ireland)MDH SpicesHaitianNestleAnkee FoodBrucefoodsSensient Technologies (U.S.)By Type, Spices and Seasonings market has been segmented intoSalt & Salt SubstitutesHot SpicesAromatic SpicesOthersBy Application, Spices and Seasonings has been segmented into:Food Processing IndustryCatering IndustryHouseholdOthersThe report offers in-depth assessment of the growth and other aspects of the Spices and Seasonings market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, etc.
)Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Spices and Seasonings Market @ https://www.decisiondatabases.com/contact/download-sample-28418The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Spices and Seasonings product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Spices and Seasonings, with price, sales, revenue and global market share of Spices and Seasonings in 2018 and 2019.Chapter 3, the Spices and Seasonings competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Spices and Seasonings breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Spices and Seasonings market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Spices and Seasonings sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Spices and Seasonings Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-28418Other Reports by DecisionDatabases.com:Global Food Flavor Enhancer Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Spices Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Pet Food Flavors Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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According to a research report "Cognitive Assessment and Training Market by Assessment Type (Pen- and Paper-Based, Hosted, Biometrics), Component, Application (Clinical Trial, Screening & Diagnostics, Brain Training, Academic Research), Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the cognitive assessment and training market size is expected to grow from USD 1.98 Billion in 2016 to USD 8.06 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.3%.Browse 63 market data tables and 47 figures spread through 150 pages and in-depth TOC on "Cognitive Assessment and Training Market - Global Forecast to 2021"The major forces driving this market are aging global population, increasing awareness about brain fitness, and advancements in technology.
The growing market for cognitive solutions and increasing demand for brain training by next-generation tech-savvy population are contributing to the growth of the cognitive assessment and training market.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1039Clinical trials in terms of application is expected to hold the largest market share in the cognitive assessment and training market during the forecast periodClinical trials are mainly used to identify, measure, or monitor cognitive impairments and cognitive changes.
The assessment of cognitive functions is an integral part of decision-making during clinical drug development, as certain drugs can have an impact on the cognitive capabilities of the brain.
The market is expected to contribute the highest revenue for vendors offering clinical trials.Education vertical is expected to grow at the highest CAGR in the marketCognitive assessment solutions and services are used in the education vertical for screening prospective candidates for schools or colleges.
The leading cognitive assessment and training vendors for this vertical are Pearson Assessment and CogniFit.North America is expected to contribute to the largest market share and Asia-Pacific to grow at the highest CAGRNorth America is expected to hold the largest market share and to dominate the cognitive assessment and training market from 2016 to 2021, due to the increasing awareness among population about adopting medication for cognitive diseases.
The new generation in this region is more concerned toward the benefits of cognitive training, which is not just limited to patients with cognitive dysfunctions.
The new report on the Cutlery market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2015 – 2019.
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Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets.
