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19.03.2018 Пищевая промышленность
Seasonings and Spices Market : Global Size, Share, Development Reports, Growth Analysis and Demand Forecast to 2023
Seasonings and spices market is forecasted to reach $30,412.8 million by 2023, growing at a CAGR of 6.0% during 2018–2023. The growth in the market will be led by the increasing awareness on the medical benefits of spices, the rising demand for ethnic cuisines, and the growing popularity of convenience foods.
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The seasonings and spices market is expected to generate largest revenue in Asia-Pacific, accounting $10,439.6 million in 2017. The market is being driven by factors such as the heavy consumption of seasonings and spices in South Asian countries, growing spice consumption in the Far East, and growth in the seasoning and spice production in the Asian countries.From supply side, the Asia-Pacific seasonings and spices industry growth is driven by increase in the production of spices in different countries, favorable environment and climatic conditions for spice production, and support from government agencies to increase spice production. For example, in September 2016, the National Bank for Agriculture and Rural Development (NABARD) in India announced its plan to provide financial support to promote 200 farmer producer companies (FPOs) in Tamil Nadu.
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As compared to rock salt, sea salt is widely consumed in most of the countries in the world, owing to its better compatibility with food items, greater nutritional value in terms of high content of trace minerals, and more health benefits. The presence of the world’s two biggest salt-producing nations in the region – China and India, makes Asia-Pacific the largest salt market globally.
Some of the other key players operating in the seasonings and spices market are Everest Spices, Mahashian Di Hatti Pvt. Ltd., DS Group, Fuchs Group, Paras Spices Pvt. Ltd., Unilever Group, Ajinomoto Group, The British Pepper & Spice Company Limited, Brake Bros Ltd., Jamie Oliver Enterprises Limited, TRS Group, Camstar Herbs Ltd., and Natco Foods Ltd.
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