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Global Seasonings and Spices Market is Expected to Reach USD 16.6 Billion Globally in 2019: Transparency Market Research

March 21, 2014

ALBANY, New York, March 21, 2014 /PRNewswire/ –

According to a new market report published by Transparency Market Research “Seasonings
and Spices Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast,
2013 – 2019,” the global seasonings and spices market was valued at USD 12,000.7 million
in 2012 and is expected to grow at a CAGR of 4.8% from 2013 to 2019, to reach an estimated
value of USD 16,628.6 million in 2019.

Seasonings and spices form an integral part of any cuisine as it is responsible for
developing the taste and aroma associated with the cuisine. Seasonings and spices market
is considered to be recession-proof markets since during uncertain economic conditions,
consumers prefer in-house preparation and consumption rather than opting for the expensive
choice of eating out or having ready-meals. However, when the economy is in good shape the
situation is reverse. Increasing income levels resulting in increasing expenditure on food
products, changing food habits of Asian consumers and changing demographics are the major
growth drivers for the global seasonings and spices market. Further increasing demand for
foreign cuisines, such as Italian and French and changing consumer food habits in Asian
countries will drive the global seasoning and spices market in years to come. Increasing
health awareness and changing consumer taste and preferences will also act as growth
driver for global seasoning and spices market. Use of certain spices and herbs in
medicinal fields has also resulted in increased demand for seasonings and spices.

Browse Global Seasonings and Spices Market Report with Full TOC at

http://www.transparencymarketresearch.com/seasoning-spices-market.html

Traditionally, seasonings and spices have been produced and consumed very extensively
in the Asian countries, such as India. However, the changing demographics in the western
countries has also given a boost to the seasoning and spices market. Uncertain economic
conditions coupled with inefficient logistics act as major growth restraints for seasoning
and spices producing country, such as India. Government policies in favor of domestic
demand also hamper the growth in international seasoning and spices markets. Increasing
demand from the organic segment offers great opportunity for the seasonings and spices
market. The seasonings and spices market is segmented into five broad segments: Salt and
salt substitutes, Pepper, Herbs, Spices and Others. Salt and salt substitutes and pepper
dominates the market, constituting more than 50% of the global market share.

The global seasonings and spices market grew from USD 10.7 billion in 2010 to an
estimated USD 12.5 billion in 2013. The market is further expected to reach USD 16.6
billion in 2019. Globally, Asia-Pacific and Europe were the largest market for seasonings
and spices in 2012, in terms of volume and value respectively. These regions are expected
to continue their dominance during the forecast period. Seasonings and spices market in
Asia-Pacific increased from 409.4 million kg in 2008 to 511.1 million kg in 2012. The
European seasonings and spices market is expected to grow to USD 5,723.3 million in 2019.
Certain countries, such as the U.K., the U.S. and Spain, have low per capita consumption
and low expected CAGR, which indicate that the seasonings and spices market is yet to pick
up in these countries as the consumers have started building interest in spices only in
the last few years. Countries such as India and China have high consumption (although low
per capita consumption owing to their large population base) and high growth rate, which
will serve as growth drivers for the global market as consumer in these countries are
demanding traditional as well as new products.

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Seasonings and spices market is highly fragmented with McCormick as the global market
leader. Other major players operating in the global seasonings and spices market are
Everest Spices, Unilever and Nestle.

The Seasonings and Spices market is segmented as follows:

Seasonings and Spices Market, By Product Segment

        - Salt and Salt Substitutes
        - Pepper
        - Herbs
        - Spices
        - Others

Browse Global Seasonings and Spices Market Report with Full TOC at

http://www.transparencymarketresearch.com/seasoning-spices-market.html

Seasonings and Spices Market, By Region

        - North America
        - Europe
        - Asia Pacific
        - Rest of the World (RoW)

The seasonings and spices market for each major country include:

        - Market Overview
             - Market Size, by segment, by value, by volume (Historic and Forecast)

        - Competitive Landscape
             - Market share, by company and by distribution channel

Browse all Food & Beverages Market Research Reports @

http://www.transparencymarketresearch.com/food-beverages-market-reports-4.html

About Us

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and trends analysis provides forward-looking insight for thousands of decision makers. We
are privileged with highly experienced team of Analysts, Researchers, and Consultants, who
use proprietary data sources and various tools and techniques to gather, and analyze
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Our data repository is continuously updated and revised by a team of research experts,
so that it always reflects the latest trends and information. With a broad research and
analysis capability, Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research material for business
reports.

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