Seasoning And Spices Market Expected To Grow With USD 20.46 Billion By 2025Posted by Neha Bora on October 24th, 2019 San Francisco, 24 October 2019: The Report Seasoning And Spices Market Size, Share & Trends Analysis Report By Products (Herbs, Salt & Salt Substitutes, Spices), By Application (Meat & Poultry, Soups & Dressings), And Segment Forecasts, 2018 – 2025 The global seasonings and spices market size is expected to reach USD 20.46 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.9% during the forecast period. Changing taste preferences of consumers, along with rising disposable income, and presence of a large number of international as well as local players across the industry value chain are among the key trends escalating market growth. The demand for herbs and spices is estimated to rise at a healthy growth rate, whereas the demand for salt & salt substitutes is anticipated to remain nominal on account of declining consumption globally. Increasing demand for authentic cuisines on a global level is one of the primary factors bolstering the usage of spices & herbs in sauces & dressings. Changing consumer preferences related to flavor in foods & snacks is projected to prompt manufacturers to manufacture products that are appealing, high-quality, and reliable, thereby maintaining consistent standards globally. Implementation of modern cultivation to facilitate the growth of specific herbs in different regions is poised to magnify the production scenario over the forecast period. Increasing demand for Chinese herbs globally, on account of continuous penetration of Chinese medicine into pharmaceuticals and supplements, is likely to positively influence the growth of the market. On the other hand, the demand for herbal supplements is anticipated to seek moderate growth as consumers are placing their confidence and disposable incomes in nutritional & other health supplements to maintain health and reduce the cost of health care in the future. Ready-to-use spice mixes are becoming increasingly popular among consumers as they save time and effort and provide consistency in taste in culinary preparation. The hectic lifestyles of consumers, growing demand for convenience in food preparation, and increasing disposable incomes are leading to increase in demand for ready-to-use spice mixes. Seasoning and spice companies are also starting new advertising campaigns to encourage consumers to try recipes at home. Companies such as McCormick and Kerry have also started campaigns on social media such as Facebook, Pinterest, and Twitter to help establish their brands' identities. Increasing medicinal benefits and changing consumer taste and preferences will continue driving the market. Access Research Report of Seasoning And Spices Market @www.grandviewresearch.com/industry-analysis/seasonings-spices-market Further key findings from the report suggest:
Grand View Research has segmented the global seasoning and spices market on the basis of product, application, and region: Seasoning and Spices Product Outlook (Revenue, USD Billion, 2014 - 2025)
Seasoning and Spices Application Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2014 - 2025)
Seasoning and Spices Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2014 - 2025)
Access Press Release of Seasoning And Spices Market @ www.grandviewresearch.com/press-release/global-seasonings-spices-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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