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Spices and Seasonings Market Size and Forecast
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Spices and Seasonings Market was valued at USD 13.94 Billion in 2019 and is projected to reach USD 20.03 Billion by 2027, growing at a CAGR of 5.0% from 2020 to 2027.
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The growing demand for convenience foods is one of the significant drivers of the market. People are increasingly including traditional food items in their daily food intake. Furthermore, a rise in retail channels such as supermarkets and hypermarkets in urban areas is anticipated to enhance the supply of spices, which successively is predicted to heighten the demand for spices and seasonings. The Global Spices and Seasonings Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Spices and Seasonings Market Definition
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Seasonings of herbs and species are required to offer a particular aroma and unique taste to every cuisine. The major consumer of spice and seasonings are the packaged food industries. These ingredients not only add flavors but all enhance the shelf life of the products. Some example of herbs and spices used for seasonings are basil, cardamon, cloves, cumin, garlic, and ginger etc. Seasoning have been used from the ancient times in the food. Traditionally it was widely used in the Asian countries and due to globalization it is also penetrating North America and European region.
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<span data-sheets-value="{"1":2,"2":"Global Spices and Seasonings Market Analysis\nAccording to Market Research, the Global Spices and Seasonings Market was valued at USD 13.94 billion in 2019 and is projected to reach USD 20.03 billion by 2027, growing at a CAGR of 5.0% from 2020 to 2027.\nThe growing demand for convenience foods is one of the significant drivers of the market. People are increasingly including traditional food items in their daily food intake. Furthermore, a rise in retail channels such as supermarkets and hypermarkets in urban areas is anticipated to enhance the supply of spices, which successively is predicted to heighten the demand for spices and seasonings.\nGlobal Spices and Seasonings Market Definition\nSeasonings of herbs and species are required to offer a particular aroma and unique taste to every cuisine. The major consumer of spice and seasonings are the packaged food industries. These ingredients not only add flavors but all enhance the shelf life of the products. Some example of herbs and spices used for seasonings are basil, cardamon, cloves, cumin, garlic, and ginger etc. Seasoning have been used from the ancient times in the food. Traditionally it was widely used in the Asian countries and due to globalization it is also penetrating North America and European region. Herbs are generally dried or fresh leaves of the plants, which tend to grow in a particular climate and spices are usually made from roots, stem, bark, fruits, and seeds. Seasoning helps to enhance the taste of food as well as has various health benefits. Extensive research studies in the field of medical sciences proved benefits of pepper, cinnamon, turmeric, basil, and ginger in curing diseases such as diabetes, brain function, infections, high blood pressure, and cancer. Owing to such benefits, seasoning are extensively adopted in food and diet. Homemade seasoning are also gaining significant traction due to their remedial nature. \nGlobal Spices and Seasonings Market Overview\nThe growing demand for convenience foods is one of the significant drivers of the market. People are increasingly including traditional food items in their daily food intake. In addition, a rise in retail channels such as supermarkets and hypermarkets in urban areas is anticipated to enhance the supply of spices, which successively is predicted to heighten the demand for spices and seasonings. The developing trend towards clean-label products, which is slowly becoming obligatory across the globe, is offering growth opportunities to the food manufacturers to formulate new formulations and new products to contribute to growing consumer demand for healthier food products.\nFurthermore, there is a growing consciousness among consumers regarding foods with high nutritional value, which are free from chemicals preservatives, and microbiological safety. Meat is an ideal medium for bacterial growth because of its high moisture content, richness in growth factors such as nitrogenous compounds, and source of minerals & vitamins. In addition, its pH is favorable for the growth of microorganisms. Meat preservatives restrict microbial activity and chemical & physical reactions that cause deterioration and spoilage of meat & meat products. Meat preservation works by lowerin
