A spice is a dried seed, fruit, root, bark, or vegetable substance primarily used for flavoring, coloring or preserving food. Because they tend to have strong flavors and are used in small quantities, spices tend to add few calories to food. Many spices, however, can contribute significant portions of micronutrients to the diet.Scope of the Report:
The production of Spices and Seasonings increases from 743564 MT in 2012 to 1006435 MT in 2017, with CAGR of 6.24%. In the world wide, Europe is the largest revenue market, who account for about 21.89% market share in the Spices and Seasonings market in 2016. China ranked the second place, and with a market share of 21.04 in 2016. McCormick, Unilever, Ajinomoto are the global leading manufacturers of spices.
ASTA defines spices as “any dried plant product used primarily for seasoning purposes”. Included are tropical aromatics pepper, cinnamon, cloves, etc., leafy herbs basil, oregano, marjoram, etc., spice seeds sesame, poppy, mustard, etc. and dehydrated vegetables onions, garlic, etc. Blends such as curry, chili powders, poultry seasoning, etc. are part of the spice shelf, too.
The FDA defines spices similarly, except that they do not include the dehydrated vegetables in the label definition of “spices”. Any form of dehydrated vegetable product must be labeled separately. Such color contributing spices as paprika, turmeric and saffron must either be labeled separately or as “spice coloring”.
The worldwide market for Spices and Seasonings is expected to grow at a CAGR of roughly 4.9% over the next five years, will reach 19800 million US$ in 2023, from 14800 million US$ in 2017.
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Key manufacturers involved in the market:
McCormick
Unilever
Ajinomoto
Ariake
Kerry Group Plc. Ireland
Olam International
Everest Spices
Zhumadian Wang Shouyi
MDH Spices
CatchDS Group
Nestle
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Market Segment by Type, covers
Salt & Salt Substitutes
Hot Spices
Aromatic Spices
Market Segment by Applications, can be divided into
Food Processing Industry
Catering Industry
Household
Chapter wise report content:
Chapter 1 Market Overview
Chapter 2 Manufacturing Profiles
Chapter 3 Global Spices Sales, Revenue, Market Share and Competition by Manufacturer 2016-2017
Chapter 4 Global Spices Market Analysis by Regions
Chapter 5 North America Spices by Countries
Chapter 6 Europe Spices by Countries
Chapter 7 Asia Pacific Spices by Countries
Chapter 8 South America Spices by Countries
Chapter 9 Middle East and Africa Spices by Countries
Chapter 10 Global Spices Market Segment by Type
Chapter 11 Global Spices Market Segment by Application
Chapter 12 Spices Market Forecast 2018-2023
Chapter 13 Sales Channel, Distributors, Traders and Dealers
Chapter 14 Research Findings and Conclusion
Chapter 15 Appendix
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