Spices and Seasonings Market Research Reports, Analysis & Trends
Spices & seasonings industry comprises companies that manufacture, produce, distribute and supply the spices and seasoning products used for food products to enhance their flavor, taste and essence. Spices and seasonings have been used to improve the essence of food since long time as spices perk up the flavor of foods, thereby transforming an ordinary meal into a pleasure filled serving. Approximately 85% of the world trade on spices and herbs is conducted in crude and dried form and it brings a lot of economic stability to the exporting nation. The demand for spices and herbs has been growing due to the increased consumer consumption since many decades with growing population, the usage in the manufacture of various flavors and flavor ingredients, and the increase in preference for ethnic foods and local cuisines and dishes. The European and Asian demographic, and the countries in them continue to be the global centers for the production and processing of spices and culinary herbs majorly.
Some countries are the major producers of certain spices such as India for cloves, China for ginger, Vietnam for pepper, and Indonesia for nutmeg and cinnamon. In the culinary herbs market, India is among the leading producers and exporters of raw herbs to the US, and European Union since many decades. The ethnic food stores are set up around the world in regional marketplace and retail outlets specifically catering the regional spices sale to serve communities of immigrants, and today many newcomers have got an opportunity to enter the food business themselves by bringing with them previously unknown ingredients and exotic flavors. Moreover, with foreign ingredients and flavors becoming more mundane, domestic marketers join in with ethnic products redesigned to suit domestic palates and lifestyles.
Spices & Seasonings Market Current Trends
The spices and seasonings industry is growing incredibly since the last few decades where the trade has improved with advanced technology and better transportation facilities that can take a larger load as well as variety at a time, and market research report highlights the niche market of spices by types and by geography and its application in the global food sector. The global spice and seasonings market is worth $3.67 billion. There is a hard international competition between spice producing countries such as India, Vietnam, Guatemala and China etc.
There are about 109 spices listed by International Organization for Standardization and Asia grows about 60 of these spices. Spices come under commodity markets which are high in value but low in volume. Spices add flavor and a unique taste to the food, the food industry is ever growing with the America being the largest consumer of spices by volume and value. The US is accounting a share of 33% and more and more western markets are demanding a huge volume and it is increasing very often for Indian spices.
Major Spices & Seasonings Manufacturers and Importers
The major players in the spices and seasonings industry include Ajinomoto Co., AVT McCormick Ingredients Ltd, British Pepper & Spice Co, B&G Foods, Global Spices Inc, Griffith Laboratories Worldwide, Malabar Super Spice Co, The Nutmeg Spice Co, Vallabhdas Kanji Limited, ACH Food Companies, Ariake Japan Company Limited, Bart Spices, CaJohns Fiery Foods, Char Crust, Inc., Frontier Natural Products Co-op., Golden West Specialty Foods, Inc., Goya Foods, Italpepe Srl, Kraft Foods, McCormick & Co, Lawry's, Mehran Spice & Food Industries, Newly Weds Foods, Inc., Old World Spices & Seasonings, Vanns Spices Ltd., Victoria Gourmet, Inc., Williams Foods, Inc., and Xcell International Corp.