Spices and Seasonings: A Global Strategic Business Report
San Jose, California (PRWEB) July 08, 2014
Follow us on LinkedIn – Spices and seasonings are used in a wide variety of world cuisines and recipes as flavoring agents. They essentially accentuate the flavor of everyday foods cooked at home, restaurant style meals or snacks. Spices are made of plant matter and typically include dried seeds, aromatic berries, flower or flower heads, stems or bark, or roots of aromatic tropical, semitropical or temperate plants such as dill seeds, anise, cardamom, cinnamon, cloves, cumin, mustard seeds, ground ginger, sesame seeds, and ground turmeric, among others. Some spices are spicy (such as ginger, chillies, mustard and pepper); some are sweet or floral (such as star anise and vanilla) while others such as saffron add color to foods. Seasonings are defined as the process of adding spices, herbs and salt to perk up the flavor of food. Strong, subdued or delicate, spices and seasonings significantly enhance taste of meat, baked goods, salads and vegetables.
Consumer perception that addition of spices, herbs and seasonings bring out the best in food in terms of flavor, color and taste without adding calories offers a strong business case for market growth in the near term. Besides changing, improving or enhancing the flavor and taste of meals, many natural spices have positive impact on human health as they contain unique medical properties, minerals, antioxidants and vitamins. Rising effectiveness of spices and seasonings in lowering blood pressure, maintaining healthy body weight, preventing certain types of cancers besides improving cardiovascular health and controlling blood sugar represent an important driver promoting market expansion.
Long term growth of the market will be driven by increasing consumption, expanding use in the manufacture of various flavors and flavor ingredients, growing consumer penchant for new tastes and flavors, rising popularity of ethnic hot and spicy foods, and growing prominence of convenience as well as healthy foods. The recent launch of all-natural and healthier foods is also expected to benefit demand for natural flavors, natural colors and natural preservatives as demand trends in the spices and seasonings market are reflective of the trends in the overall food industry.
Global weather conditions, yield, harvest, price, past production levels and changes in consumer as well as manufacturer preferences represents key factors that affect supply and demand dynamics in the market. South Asia, followed by East Asia and South East Asia represent the largest spice producing regions, globally. South Asia represents the world’s largest spice producing region, accounting for more than 50% of the global production. Leading spice producing countries include India, China, Pakistan, Nepal, Bangladesh, Vietnam, Indonesia, Malaysia, Sri Lanka, Turkey, Madagascar, Tanzania, Nigeria, Korea, Thailand, West Indies and Grenada, among others.
As stated by the new market research report on Spices and Seasonings, the United States represents the largest market worldwide, followed by Europe. Rising immigration levels and the subsequent rise in demand for authentic ethnic flavors is a major factor influencing the consumption of spices and seasonings in these countries. Ethnic flavoring is also receiving a major boost with the growing popularity of Asian (particularly Indian and Chinese) and Latin American (Brazilian and Mexican) cuisine worldwide. Asia-Pacific represents the fastest growing market worldwide with a CAGR of 7.0% over the analysis period.
Key players covered in the report include ACH Food Companies, Inc., Ajinomoto Co., Inc., Ariake Japan Company Limited, The Bart Ingredients Company Ltd., British Pepper & Spice Co., Ltd., B&G Foods, Inc., CaJohns Fiery Foods, Char Crust, Inc., Fuchs North America, Golden West Specialty Foods, Inc., Italpepe Srl, International Flavors & Fragrances Inc., McCormick & Co., Inc., Mehran Spice & Food Industries, Old World Spices & Seasonings, S&B Foods Inc., Synthite, and WILD Flavors GmbH, among others.
The research report titled “Spices and Seasonings: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, issues, challenges, mergers, acquisitions, and other strategic industry activities of major players worldwide. The report provides market estimates and projections in pounds (lbs.) for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), the Middle East & Africa, and Latin America (Brazil and Rest of Latin America).
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Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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