DUBLIN--(BUSINESS WIRE)--Sep 28, 2022--
The "Spices and Seasonings Market By Type, By End-use, By Nature, and By Region Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The global spices and seasonings market size is expected to reach USD 33.80 Billion in 2030 and register a revenue CAGR of 5.3% over the forecast period, according to latest report.
Companies Mentioned
The market is driven by the growing demand for ready-to-eat and processed foods, changing lifestyles, and increasing disposable incomes. Moreover, the health benefits associated with the consumption of spices and seasonings are expected to drive the growth of the market. However, volatile raw material prices and stringent food safety regulations are expected to restraint the market growth during the forecast period.
Increasing globalization has led to the adoption of various cuisines from different cultures across the globe. This, in turn, has increased the demand for spices and seasonings as they are an integral part of any cuisine. The growing health consciousness among consumers has also resulted in the demand for healthier alternatives such as organic spices and seasonings.
The rising disposable incomes and the growing food service industry are also expected to drive the growth of the spices and seasonings market. The increasing number of working women and the consequent need for convenience foods is another key factor driving the growth of the market.
Growing demand for different cuisines globally, changing lifestyles, and health consciousness among consumers are the major factors driving the growth of the spices and seasonings market. The industry is being fragmented with the presence of numerous small and large players. The key players are resorting to various growth strategies such as mergers & acquisitions, new product launches, and expansions to stay competitive in the market.
Some Key Highlights in the Report
For the purpose of this report, the author has segmented the global spices and seasonings market based on type, end-use, nature, and region:
Type Outlook (Revenue, USD Billion, Volume, Kilo Tons; 2019-2030)
End-use Outlook (Revenue, USD Billion, Volume, Kilo Tons; 2019-2030)
Nature Outlook (Revenue, USD Billion, Volume, Kilo Tons;2019-2030)
Regional Outlook (Revenue, USD Billion, Volume, Kilo Tons; 2019-2030)
For more information about this report visit https://www.researchandmarkets.com/r/crmyg6
View source version on businesswire.com:https://www.businesswire.com/news/home/20220928005518/en/
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KEYWORD:
INDUSTRY KEYWORD: FOOD/BEVERAGE RETAIL
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 09/28/2022 06:08 AM/DISC: 09/28/2022 06:08 AM
http://www.businesswire.com/news/home/20220928005518/en