Spices and Seasonings Market Size, Trends, and Analysis for 2028: A Comprehensive Report The Global Spices and Seasonings Market is expected to grow at a CAGR of around 5.1% during the forecast period, i.e., 2023-28. www.marknteladvisors.com
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Market Insights According to MarkNtel Advisors, the Global Spices and Seasonings Market is expected to grow at a CAGR of around 5.1% during the forecast period, i.e., 2023-28. The growth of the market would be propelled mainly by the paradigm shift in consumer taste preferences, mounting popularity of ethnic cuisines, as well as globalization, i.e., portraying the increasing penetration of indigenous spices & seasoning products worldwide.
Global Spices and Seasonings Market Growth Restraint: Adverse Effects of Excessive Spice Consumption - Excessive spice consumption has proved to bring several negative effects on human health, majorly digestive issues like heartburn or acid reflux, i.e., produced by spicy meals containing capsaicin that slows digestion rate and increases the chances of heartburn. Another digestive problem induced by spicy foods is stomach or intestinal inflammation, which might result in a laxative effect or nausea, vomiting, & fullness in one’s upper abdomen. Hence, the harmful effects of excessive spice consumption are likely to hamper the growth of the Global Spices and Seasonings Market through 2028.
Segmentation of the Industry The report conducts a thorough analysis of each high-performing segment, shedding light on the factors that contribute to their success and greater market share. These segments are categorized as follows: By Type (Pepper, Chili, Ginger, Cinnamon, Turmeric, Nutmeg and Mace, Cardamom, Cloves, Others (Capsicum, Coriander)), By Nature (Conventional, Organic), By Form (Whole, Powder), By Application (Meat and Polutry, Bakery and Confectionery, Frozen Foods, Snacks and Convenience Foods, Others (Beverages, Soups, Sauces, and dressings)), By Distribution Channel (B2B, Online, Offline (Supermarkets & Hypermarkets, Exclusive Stores, Small Retail Outlets)), By End User (Industrial (Manufacturing facilities, F&B), Commercial (Hotels, Restaurants), Residential), By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific)
Key Participants in the Global Spices and Seasonings Market Moguntia Food Group, Associated British Food PLC, Olam International, McCormick & Company, Inc, Ajinomoto Co., Inc., Paras Spices Private Limited, Worlee Gruppe, Dohler Group, Friedrich Ingredients, Kerry Group Plc, ARIAKE Japan Co. Ltd., Pacific Spice Company, Sensient Technologies Corporation, SHS Group, VKL Seasonings Pvt Ltd, Others (B&G Foods Inc, Zhumadian Wang Shouyi etc)
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