—
As per the findings of newly published market research report by IndustryARC titled, “Spices Market: By Type (Coriander, Cardamom, Ginger, Cinnamon, Pepper, Nutmeg, Turmeric, Clove, Cumin,), Application (Frozen Products, Bakery & Confectionery Products, Sauces & Dressings, Beverages) - Forecast (2019-2025),” the global spices market size was $10 billion in 2018, and the opportunities are estimated to grow with a CAGR of around 5.2% during the forecast period of 2019 to 2025. The report covers spices market size by type and applications, spices market share by top 5 companies and also the market share by start-ups during the forecast period.Global Processed spices such as spice oils and oleoresins, mint products, curry powder, spice powders, blends, and seasonings are also exported. This exports made the spices market grow rapidly in the APAC region. Based on the geographical analysis, the APAC accounted for around 40% of the global spices market demand in 2018. The analyst of the report identifies that the hypermarket and supermarket as the key application and the demand for the segment are increasing at CAGR of around 17% during the forecast period 2019 to 2025.
View Full Table of Contents @ https://www.industryarc.com/Report/7475/spices-market-analysis.html
Report Price (Single User Licence): US $3850
The demand for spices in India has enlarged by annual growth of 5% as per the ministry of commerce and industry. In 2018, 1,028,060 tons of spices exported from India which was valued at $3.11 billion. The Government of India supports the producers of spices in the country to enhance the demand for the spices market through its flagship program, Mission for Integrated Development of Horticulture (MIDH), with the objective of promoting holistic development of horticulture as well as spices. The growth of the spices market is propelling by the MIDH components such as production and distribution of planting materials, establishment of new garden, creation of water resources, promotion of Integrated Pest Management (IPM), mechanization, creation of the market infrastructure, Integrated Nutrient Management (INM), promotion of organic farming, promotion of Good Agricultural Practices (GAP), processing, and value addition so on are aimed at improving production, productivity, and quality of the spices.
Many spices - such as clove, oregano, thyme, cinnamon, and cumin-have been applied to treat infectious diseases or protect food because they were experimentally proved to possess antimicrobial activities against pathogenic, spoilage fungi, and bacteria, which influence the positive impact on the spices market. The increasing usage of spices as natural preservatives in a wide variety of poultry and frozen products are driving the growth of the spices market. Additionally, the significant rise in demand for healthy and nutrition-rich foods from the health-conscious young population globally has widened the need for spices by consumer base of food products.
Spices Market: Trends
Savory Spice is a trending ingredient in hummus, which is hard for consumers to access on their own, like black garlic. Accessing exotic flavors is a key advantage for a specialty retailer like Savory Spice.
Spices provide a sustainable therapeutic solution in poultry production and health. Focus on disease prevention than treatment boosts demand for Various Therapeutic Spices. Spices provide a sustainable therapeutic solution in poultry production and health.
Talk to one of our sales representative about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=7475
Spices Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority shares in the global species market are: Everest Spices, B&G Foods Holdings Corp., Cerebos Gregg’s Limited, ITC Spices, Mahashian Di Hatti Limited (MDH), McCormick & Co., Inc., MTR Foods Private Limited, Olam International, and Others.
Related Reports
A. Feed Flavors and Sweeteners Market
https://www.industryarc.com/Report/7458/feed-flavors-sweeteners-market.html
B. Cinnamic Aldehyde Market
https://www.industryarc.com/Report/15551/cinnamic-aldehyde-market.html
About IndustryARC:
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.
Contact Info:
Name: Venkat Reddy
Email: Send Email
Organization: IndustryARC
Phone: +1-614-588-8538
Website: https://www.industryarc.com/Domain/6/food-beverages-market-research.html
Release ID: 88902989
Google
RSS