The Latin America, Middle East and Africa Dried Spices Market would witness market growth of 6.8 % CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 35,314.3 tonnes, showcasing a growth of 8.6% (2023-2030).
Furthermore, innovations in extraction technologies, such as supercritical fluid extraction and molecular distillation, are preserving the delicate flavors of dried spices. These technologies offer a more precise and efficient method of capturing the essence of spices. Adopting supercritical fluid extraction and molecular distillation in spice extraction opens avenues for culinary innovation. Chefs and food manufacturers can explore new dimensions of flavor, creating unique and sophisticated dishes with concentrated and pure spice extracts.
Moreover, integrated with Internet of Things (IoT) technologies, smart packaging solutions are revolutionizing the storage and freshness monitoring of dried spices. Intelligent packaging systems provide real-time data on the condition of the spices, ensuring quality and safety. Likewise, augmented reality (AR) applications enhance consumer engagement by providing immersive experiences. Brands are utilizing AR to educate consumers about the origins and uses of specific spices, creating a more interactive and informed purchasing journey.
The Brazil market dominated the LAMEA Dried Spices Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $321.4 million by 2030. The Argentina market is showcasing a CAGR of 7.1% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.4% during (2023 - 2030).
Consumers in South Africa are becoming more aware and sophisticated in their culinary preferences. The increased level of consciousness has generated a need for a more extensive assortment of preserved spices as individuals endeavor to investigate and test novel and exotic tastes in their culinary endeavors. Hence, with the growing food service and food and beverage sectors in LAMEA, there will be increased demand for dried spices in the region.
Free Valuable Insights: The Worldwide Dried Spices Market is Projected to reach USD 14.7 Billion by 2030, at a CAGR of 4.4%
Based on Source, the market is segmented into Natural and Organic. Based on Form, the market is segmented into Powder, Whole, and Granules. Based on Application, the market is segmented into Food & Beverage Industry, Foodservice Industry, and Retail. Based on Product Type, the market is segmented into Pepper, Ginger, Cinnamon, Cumin, Turmeric, Cardamom, Cloves, Nutmeg & Mace and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Source (Volume, Tonnes, USD Billion, 2019-2030)
By Form (Volume, Tonnes, USD Billion, 2019-2030)
By Application (Volume, Tonnes, USD Billion, 2019-2030)
By Product Type (Volume, Tonnes, USD Billion, 2019-2030)
By Country (Volume, Tonnes, USD Billion, 2019-2030)
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