Fatpos Global has released a report titled “Seasonings And Spices Market - Analysis of Market Size, Share & Trends for 2021 – 2022 and Forecasts to 2032” which is anticipated to reach USD 43.5 billion by 2032. According to a study by Fatpos Global, the market is anticipated to portray a CAGR of 5.3% between 2022 and 2032. As per the report, the primary driver fueling the growth of Seasonings and Spices Market is the increased awareness of the therapeutic properties of spices and herbs, together with the increasing number of individuals who cook at home. The industry is also expanding due to consumers' willingness to pay a premium for new and ethnic flavors as well as local cuisines' increasing international prominence due to their distinct flavors.
“The nutritional advantages of various spices are anticipated to propel the global Seasonings And Spices Market. Over the forecast period, a rising trend of the incorporation of different spices in the various ready-to-drink and ready-to-eat goods is projected to emerge as an influential aspect for the global Seasonings And Spices Market. Consumers' shifting eating habits, which also involve their search for new mouthfeels, are expected to propel the Seasonings And Spices Market.”, said a lead analyst at Fatpos Global.
Spices and seasonings help create delicious flavors, and knowing about each one uniquely, helps in adding the right flavor to the food prepared. Spices are natural ingredients from plants that are added to the meals to enhance flavor and increase shelf life. Usually from the seeds, fruits, or the plant stem. The essential oils that spices contain give them exciting flavors. These oils are released during numerous preparation steps, such as grinding, grating, pounding, and cooking. Spices like cinnamon, pepper, nutmeg, and ginger are some examples. Seasonings are ingredients like salt, sugar, vinegar, and herbs that are added to food to enhance flavor. The efficient application of seasonings in today's kitchen environment is an important aspect of food preparation.
Seasonings And Spices Market is categorized on the basis of Distribution Channel into Foodservice and Retail. During the forecast period of 2022 to 2030, the retail channel is anticipated to grow more swiftly. After COVID-19, it is anticipated that retail sales will continue to grow strongly as demand is sustained by trends. As long as people who were used to cooking during the pandemic continue to prepare meals at home, spice consumption will remain high.
Some of the key players operating in the global Seasonings And Spices Market are Associated British Foods, Olam International, Ajinomoto, Kerry Group, The Kraft Heinz Company, Ariake Japan Group, Sensient Technologies Corporation, Worlée Gruppe, SHS Group, McCormick, Baria Group, Doehler Group, DS Group, Everest Spices, The Bart Ingredients Company, and Other Prominent Players.
In the latest market study conducted by, Fatpos Global thrives to present an unbiased analysis of the global Seasonings And Spices Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2022-2032. The study includes compelling insights into growth that is witnessed in the market. Global Seasonings And Spices Market is classified on the basis of Product into Spices, Herbs, and Salt & Salt Substitutes. By Form, the global Seasonings And Spices Market is divided into Whole, Crushed, and Powder. By Distribution Channel, the global Seasonings And Spices Market is divided into Foodservice and Retail. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.
About Fatpos Global
Fatpos Global is a leading management consulting, advisory, and market research organization that serves its clients globally through its team of experts and industry veterans that have years of expertise in management consulting, advisory, and market research analysis. The organization functions across business consulting, strategy consulting, market research, operations consulting, financial advisory, human resources, risk & compliance, environmental consulting, software consulting, and sales consulting amongst others, and aims to aid businesses with bold decisions that help them embrace change for their sustainable growth.
For more details, email: info@fatposglobal.com
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