According to a new market research report published by sheer analytics and insights, “The Global Spices Market was $9.12 Bn in 2020, and it is expected to reach $14.5 Bn by 2031. It is eventually growing at a commendable high compound annual growth rate CAGR of 4.2% between 2021-2031”,as per the latest market research report titled Global Spices Market - Industry analysis, size, share, growth, trends and forecast, 2021 – 2031.
Increased demand for authentic cuisines across the globe is one of the main factors that will help to accelerate the growth of this market during the forecasted period. Increased fondness to enjoy different kinds of flavors in foods and snacks will help to produce high quality reliable and appealing that will help to maintain consistent standards. Spices can change the taste of a specific cuisines and correlate with flavors of different regions. Like Middle East and Southeast Asia will help to contribute to the fusions which can be expected to gain presence in the market during the forecasted period.
Geographically, The Global Spices Market is divided into global regions like North America, Europe, Asia- Pacific, South America, Middle East, and Africa.
The major players in Global Spices Market include Ajinomoto Co., Inc., Associated British Foods plc, ARIAKE JAPAN CO., LTD., Baria Pepper, Kerry Group, The Bart Ingredients Co. Ltd., DS Group, Everest Spices, Dohler Group, McCormick & Company, Inc., Olam International Limited, SHS Group, Worlee Gruppe, Sensient Technologies.
The Global Spices Market Has Been Segmented Into:
Global Spices Market, By Product
Global Spices Market, By Form
Global Spices Market, By Region