The North America Dried Spices Market would witness market growth of 4.0 % CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 92,581.2 tonnes, showcasing a growth of 4.3% (2019-2022).
Moreover, biotechnological advancements contribute to developing new spice varieties with enhanced flavor profiles, nutritional content, and resistance to pests and diseases. Genetic modification and breeding techniques are being explored to create resilient spice crops. Biotechnological interventions aim to accentuate and diversify the flavor profiles of spices. Scientists can modify or enhance these traits by understanding the genetic components of specific taste and aroma characteristics to create spices with intensified or unique flavors. This innovation contributes to a more nuanced and delightful culinary experience for consumers.
Additionally, the nutritional content of spices is a focal point in biotechnological advancements. Genetic modification enhances essential nutrients in spice crops, such as vitamins and antioxidants. This meets the increasing demand for nutrient-dense foods and aligns with consumer preferences for health-conscious choices. Spice crops are susceptible to various pests and diseases impacting yield and quality. Biotechnological approaches involve identifying and introducing genes that confer resistance to these challenges. This results in spicy crops that are more resilient, reducing the dependence on chemical pesticides and promoting sustainable cultivation practices.
The US market dominated the North America Dried Spices Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,686.1 million by 2030. The Canada market is experiencing a CAGR of 6.4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.4% during (2023 - 2030).
The expansion of the retail industry in the United States, as evidenced by the proliferation of specialty food retailers and supermarkets, facilitates the availability of dried seasonings to consumers. Thus, rising retail and food and beverage sectors in North America will assist in the expansion of the regional dried spices market.
Free Valuable Insights: The Dried Spices Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.
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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