Opportunities in Seasonings and Spices Market: Conventional Seasonings and Spices to Generate Significant Revenues Through 2026

Posted on 2018-06-29 by Mark Hub in Food & Beverage // 0 Comments

Fact MR

Rockville, US, 2018-Jun-29 — /EPR Network/ — Shift in preferences of health conscious customers has led retail outlets, restaurants, and leading food companies to opt for nutritious ingredients. With increasing in demand for healthy and flavor-rich food products, food manufacturers are looking to opt for organic ingredients. As consumption of organic ingredients helps in preventing various diseases, regulate metabolism, and improves heart health, demand for seasonings and spices is likely to increase in the food industry. Capitalizing on the growing needs of the customer, leading food companies are focusing on offering innovative food products to gain a competitive edge in the global market.

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Demand for seasonings and spices will continue to remain concentrated in the food and beverage industry. In order to expand the customer base, restaurants and retail outlets are supplementing food products such as rice, pasta, pizza, and noodles with range of seasonings and spices. Increasing preference to order food products through online portals has further led to increasing demand for seasonings and spices. Leading companies are supplementing pouches of seasonings and spices such as Oregano and Chilli Flakes with ordered food products at minimal charges.

Over US$ 34,500 Mn Opportunity in Global Seasonings and Spices Market

According to Fact.MR, the global seasonings and spices market is projected to reach a value of more than US$ 34,500 Mn by 2026-end. Growing need to enhance flavor of the food products has led to increasing demand for seasonings and spices in the food industry. As demand for on-the-go food products continues to increase, retail outlets and restaurants are supplementing the packaged food products with pouches of spices and seasonings for garnishing. Seasonings and spices is also becoming a preferred alternative to grade-B and artificial flavoring products. Consumption of artificial flavors can lead to allergic reactions and hypersensitivity among customers. Preference for healthier options has led the leading manufacturers to opt for organic seasoning ingredients in the food and beverage industry.

Growing preference for healthy food products has led to increase in demand for spices in the food and beverage industry. In terms of revenue, spices is projected to represent a significant growth in the global market by 2026-end. On the other hand, salt substitutes is likely to reflect the fastest growth in the global market through 2026. Demand for conventional seasoning and spices will continue to remain concentrated in the food and beverage industry. Conventional seasonings and spices is projected to generate significant revenues in the global market by the end of 2017. In contrary, organic seasonings and spices will continue to reflect the fastest growth in the global market throughout 2026.

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Sales of the seasonings and spices is projected to remain high through modern trade channels. In terms of revenue, the modern trade channel is projected to witness a robust growth in the global market by 2026-end. However, sales through the online stores is projected to reflect the fastest growth in the global market throughout 2026.

Major players in the global market are Dharampal Satyapal Limited (DS Group), SHS Group Limited, Ariake Japan Co., Ltd., Ajinomoto Co., Inc, Kerry Group Plc., Associated British Foods Plc., Olam International Limited, McCormick & Company, Incorporated, and Mahashian Di Hatti Private Limited (MDH Spices).

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