Key Players are McCormick & Company (U.S.), Olam International Limited (Singapore), Ariake Japan Company Limited (Japan).
(PRWEB) January 26, 2015
The report Spice Market Global Trends & Forecast to 2019 defines and segments the spice market with analyses and projections of the market size in terms of value. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, restraints, challenges, and burning issues.
Browse 75 market data tables and 61 figures spread through 220 pages and in-depth TOC.
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The spice market is driven by the rise in consumption of processed food products in developed and developing countries. Investments & expansions formed the most preferred strategy among the key players to attract and retain new customers, globally. These key players also focused on acquiring local players of emerging markets to expand their business on a global scale and sustain the competition prevailing in the market. New product launches also helped key players in strengthening their product portfolio.
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The market for spice is projected to exceed $10 Billion by 2019 at a CAGR of about 5%. In 2013, the North American region was the largest market for spices, wherein the U.S. dominated.
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