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Seasonings and Spices Market is set to expand and become organized during 2013-19

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Seasonings and spices are crucial ingredients of any preparation, since they determine the flavor of the recipe. Seasonings and spices also define a cuisine, as all major cuisines have their own arsenal of major seasonings and spices, which impart
Transparency Market
Research
Seasonings and Spices Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2013 - 2019
Published Date
21-03-2014
116 Page Report
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Press Release
Asia Pacific to Continue as the Leading Consumer of the Global
Seasonings and Spices Market - Market Share to Rise to 69% by 2019
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Seasonings and Spices Market
REPORT DESCRIPTION
Seasonings and spices are crucial ingredients of any preparation, since they determine the flavor of the
recipe. Seasonings and spices also define a cuisine, as all major cuisines have their own arsenal of major
seasonings and spices, which impart the respective cuisine its distinct taste profile. The global market for
seasonings and spices has, in fact, played a key role in human history, as the lack of favorable
environmental conditions in Europe led to several European nations establishing outposts in Asia and
certain spices becoming, at one point, equal in value to gold and precious stones. In the modern world, the
balance seems to have reversed, with the growing popularity of Western European cuisines in Southeast
Asia expected to be a major driver propelling the global seasonings and spices in the coming years.
The global market for seasonings and spices was worth US$12.7 bn in 2012. Exhibiting a 4.80% CAGR from
2013 to 2019, the global seasonings and spices market is expected to rise to a net valuation of US$16.6 bn
by 2019. The market has sustained itself in recent years despite the economic troubles around the world,
due to the crucial place spices and condiments hold in any cuisine. Due to the growing demand for diverse
cuisines around the world, the global seasonings and spices market is expected to witness a steady growth
in demand.
Asia Pacific Market to Retain Longstanding Lead in Global Seasonings and Spices Market
The global seasonings and spices market can be segmented into Asia Pacific, Europe, North America, and
Rest of the World on the basis of the regional distribution of the market. Of these, Asia Pacific has always
remained the leading producer and consumer of spices, with the prosperous spice trade across Southeast
Asia being an important factor in European imperialism in the 17 th and 18th centuries. The APAC seasonings
and spices market held a 66% share in the global market by volume in 2012 – expected to rise to 69% by
the end of the aforementioned forecast period.
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By value, the Asia Pacific market is the second largest market, accounting for 31% of the global market in
2012, following the Europe market’s 35% share. This is due to the heavy amount of indigenous
consumption of seasonings and spices in Asia Pacific, whereas European countries are highly dependent on
spice imports and thus account for a significant share of high-value transactions in the market.
Awareness Regarding Health Benefits of Seasonings and Spices Drives Global Market
The global seasonings and spices market is rising primarily due to rising acknowledgment of the medicinal
value of several spices and growing demand for European cuisines in rising Asian countries. The rising
inclination to attaining health through a healthy diet rather than cosmetic additions has led to growing
interest in spices, which contain high amounts of several beneficial compounds.
This is partially counteracted by the increasing commercial production of subpar seasonings and spices,
wherein intensity of the taste is often preferred instead of authenticity, which also affects the health
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Seasonings and Spices Market
effects of the substance. Hong Kong’s Consumer Council recently released findings revealing elevated
levels of sodium and sugar in several popular seasonings, such as oyster sauce and tomato ketchup. In
spite of such incidents, the global seasonings and spices market seems set to exhibit a steady growth
trajectory in the coming years.
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TABLE OF CONTENT
Chapter 1 Preface 11
1.1 Report description 11
1.2 Scope and definition 11
1.2.1 Product segments covered in the report 11
1.2.2 Regions covered in the report 11
1.3 Research methodology 11
Chapter 2 Executive Summary 13
Chapter 3 Seasonings and Spices — Market Overview 15
3.1 Introduction 15
3.2 Drivers 15
3.2.1 Globalization and changing demographics is expected to drive seasonings and spices demand 15
3.2.2 Consumers’ rising income levels expected to provide better growth prospects for the industry 16
3.2.3 Consumers’ changing food habits in Asian countries expected to escalate market growth 17
3.2.4 Medicinal benefits of spices is expected to drive the market 17
3.3 Restraints 18
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3.3.1 Government policies resulting in rejection of imported spices may hamper market growth 18
3.3.2 Uncertain climatic conditions and inefficient logistics in spice producing countries impact the
supply negatively 19
3.4 Opportunities 19
3.4.1 Increasing demand for organic seasonings and spices is expected to boost the market demand 19
3.4.2 Online marketing campaigns offer expansion opportunity for seasonings and spices market 20
3.5 Porter’s five forces analysis 21
3.5.1 Bargaining power of suppliers 21
3.5.2 Bargaining power of buyers 22
3.5.3 Threat of new entrants 22
3.5.4 Threat of substitutes 22
3.5.5 Intensity of rivalry 22
Chapter 4 Seasonings and Spices – By Product Analysis 24
4.1 Salt and Salt Substitutes 26
4.2 Pepper 27
4.3 Herbs 29
4.4 Spices 30
Chapter 5 Seasonings and Spices – Regional Analysis 32
5.1 North America 34
5.1.1 The U.S. 38
5.1.1.1 Market overview 38
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Seasonings and Spices Market
5.1.1.2 Competitive landscape 41
5.1.1.3 Distribution channels 42
5.2 Europe 43
5.2.1 France 48
5.2.1.1 Market overview 48
5.2.1.2 Competitive landscape 51
5.2.1.3 Distribution channel 51
5.2.2 Germany 52
5.2.2.1 Market overview 52
5.2.2.2 Competitive landscape 55
5.2.2.3 Distribution channel 55
5.2.3 Italy 56
5.2.3.1 Market overview 56
5.2.3.2 Competitive landscape 59
5.2.3.3 Distribution channel 59
5.2.4 The U.K. 60
5.2.4.1 Market overview 60
5.2.4.2 Competitive landscape 63
5.2.4.3 Distribution channel 63
5.2.5 Spain 64
5.2.5.1 Market overview 64
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5.2.5.2 Competitive landscape 67
5.2.5.3 Distribution channel 67
5.3 Asia-Pacific 68
5.3.1 India 73
5.3.1.1 Market overview 73
5.3.1.2 Competitive landscape 76
5.3.1.3 Distribution channel 76
5.3.2 China 77
5.3.2.1 Market overview 77
5.3.2.2 Competitive landscape 80
5.3.2.3 Distribution channel 81
5.3.3 Japan 82
5.3.3.1 Market overview 82
5.3.3.2 Competitive landscape 84
5.3.3.3 Distribution channel 85
5.3.4 Australia 86
5.3.4.1 Market overview 86
5.3.4.2 Competitive landscape 89
5.3.4.3 Distribution channel 89
5.4 Rest of the World 90
5.4.1 Brazil 90
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5.4.1.1 Market overview 90
5.4.1.2 Competitive landscape 93
5.4.1.3 Distribution channel 93
Chapter 6 Competitive Landscape 95
Chapter 7 Company Profiles 97
7.1 Everest Spices 97
7.1.1 Company Overview 97
7.1.2 Product & Segments 97
7.1.3 Financial Performance 98
7.2 MDH Spices 99
7.2.1 Company Overview 99
7.2.2 Product & Segments 99
7.2.3 Financial Performance 99
7.2.4 Strategic Development 100
7.3 Catch 101
7.3.1 Company Overview 101
7.3.2 Product & Segments 101
7.3.3 Financial Performance 101
7.4 Baria Pepper 102
7.4.1 Company Overview 102
7.4.2 Product & Segments 102
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7.4.3 Financial Performance 102
7.5 Bart Ingredients 103
7.5.1 Company Overview 103
7.5.2 Product & Segments 103
7.5.3 Financial Performance 103
7.5.4 Strategic Development 104
7.6 McCormick & Company 105
7.6.1 Company Overview 105
7.6.2 Product & Segments 105
7.6.3 Financial Performance 105
7.6.4 Strategic Development 106
7.7 Nestle 107
7.7.1 Company Overview 107
7.7.2 Product & Segments 107
7.7.3 Financial Performance 107
7.7.4 Strategic Developments 108
7.8 Knorr 109
7.8.1 Company Overview 109
7.8.2 Product & Segments 109
7.8.3 Financial Performance 110
7.9 Ajinomoto 111
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7.9.1 Company Overview 111
7.9.2 Product & Segments 111
7.9.3 Financial Performance 112
7.9.4 Strategic Development 112
7.10 Kraft Foods 114
7.10.1 Company Overview 114
7.10.2 Product and Segments 114
7.10.3 Financial Performance 114
7.10.4 Strategic Development 115
About Us
Transparency Market Research is a market intelligence company providing global business information
reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers.
We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use
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United States
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Seasonings and Spices Market
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Website: http://www.transparencymarketresearch.com/
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Author
Amy James
Amy James817   documents Email
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