Spices and Seasonings Market
Spices and Seasonings Market - Global Industry Assessment & Forecast
#
Pages:
144
2022
May - 2022
VMR-1548
Segments Covered
By
Product Herbs, Rosemary, Fenne, Garlic, Mint, Parsley, Oregano, Others
-
By
Salts Substitutes Spices, Pepper, Ginger, Cinnamon, Cumin, Turmeric, Cardamom, Coriander, Cloves
-
By
Application Bakery & Confectionery Products, Meat & Poultry Products, Frozen Food, Soups, Sauces, & Dressings, Beverages , Others
-
By
Distribution Channels Hypermarkets, Supermarkets, Online Stores, Convenience Stores, Specialty Stores
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 22.50 Billion |
 Revenue 2030:
|
USD 57.71 Billion |
 Revenue CAGR
(2023 - 2030): |
12.50% |
Fastest Growing Region (2023 -
2030)
|
Europe |
Largest Region (2022):
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Spices and Seasonings Market by Product by Salts Substitutes by Application by Distribution Channels by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements:
- First-hand information global market size, regional and segmental trends, competitive landscape
- Validate and authorization of secondary research outcomes and findings
- Further data collection and expertise development & market understandings
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Spices and Seasonings market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market.
Vantage Market
Research | 08-May-2022
FAQ
Frequently Asked Question
What is the global demand for Spices and Seasonings in terms of revenue?
-
The global Spices and Seasonings valued at USD 22.50 Billion in 2022 and is expected to reach USD 57.71 Billion in 2030 growing at a CAGR of 12.50%.
Which are the prominent players in the market?
-
The prominent players in the market are Ajinomoto Co Inc., Ariake Japan Co. Ltd., Associated British Foods PLC, Kerry Group, McCormick & Company Inc., Baria Pepper, Dohler Group, DS Group, Everest Spices, Bart Ingredients.
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 12.50% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Spices and Seasonings include
- Growth in demand for convenience foods
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Spices and Seasonings in 2022.
