The Asia Pacific Seasoning & Spices Market would witness market growth of 5.8% CAGR during the forecast period (2022-2028).
Increased demand for convenience foods is expected to boost demand for seasonings and spices. Manufacturers of ready-to-eat meals, soups, snacks, sauces, and convenience foods are the primary end-users of various spice mixtures. Furthermore, a growing desire among young people to consume nutritious food products to stay fit and light has sparked an interest in the origin of food ingredients. As a result, more people are choosing clean-label tastes and ingredients in search of natural products that are innately nutritious, fresh, balanced, and natural nutrition. The food business, on the other hand, is faced with the task of discovering organic ingredients that would not only preserve food quality but also provide a longer shelf life, desirable texture, and taste. Furthermore, natural components are more expensive than fake flavors.
Rising earnings, industrialization, and rapid economic development, as per the Food and Agriculture Organization (FAO), are influencing people's shifting eating habits, particularly in emerging countries. The market is expected to benefit from rising interest in traditional dishes and increased exposure to unusual meals.
Herbs devoid of pesticides and other possibly dangerous substances are being introduced by manufacturers. For example, ORCO, also known as Organic Seasonings, an Indian company, debuted 32 new goods in January 2021 as part of its broad line of 100 percent natural, healthful, and certified organic seasonings and spices. To retain their natural qualities, color, flavor, and scent, the products are hand-ground on a hand mill (chakki).
Spices cultivated over the Indian subcontinent are known as Indian spices (a sub-region of South Asia). India produces a wide range of spices, many of which are indigenous to the subcontinent, because of its diverse climates. Others were brought in from similar climates and have been grown in the area for centuries.
The China market dominated the Asia Pacific Seasoning & Spices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,681.9 million by 2028. The Japan market is poised to grow at a CAGR of 5% during (2022 - 2028). Additionally, The India market would display a CAGR of 6.3% during (2022 - 2028).
Based on Product, the market is segmented into Spices, Herbs, and Salt & Salt Substitutes. Based on Spices Type, the market is segmented into Turmeric, Pepper, Cinnamon, Cardamom, Coriander, Cloves, Cumin, Ginger, and Others. Based on Herbs Type, the market is segmented into Garlic, Mint, Oregano, Parsley, Fennel, Rosemary, and Others. Based on Form, the market is segmented into Powder & Crushed and Whole. Based on Distribution Channel, the market is segmented into Foodservice and Retail. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Seasoning & Spices Market is Projected to reach USD 50.1 Billion by 2028, at a CAGR of 5.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ajinomoto Co., Inc., Associated British Foods PLC, Kerry Group PLC, McCormick & Company, Inc., Döhler Gmbh, Ariake Japan Co., Ltd., Baria Group, DS Group, Everest Food Products Pvt Ltd., and Bart Ingredients.
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