Findings from the Facts and Factors report “Seasoning Market By Type (Cinnamon, Oregano, Paprika, Ginger, Pepper, Turmeric, Cumin, Garlic, Cardamom, and Others), By Application (Bakery & Confectionery, Beverages, Savory Snacks, Frozen Foods, and Meat & Poultry), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer By 2026, the market is projected to grow at a CAGR of about 4.5% and be worth about USD 27 billion.
The ingredients that makeup seasoning are used to give food and drinks a particular flavour, aroma, colour, texture, and preservation. To improve the flavour of food and drink, spices are used as a seasoning. Every cuisine and domestic culinary preparation uses seasoning. Spices can be obtained from the flower, fruit, root, bark, leaves, buds, and seeds. The market’s trajectory is demonstrated by the high demand for seasoning.
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Market Drivers:
Rising disposable income, economic growth, and shifting consumer lifestyles are all predicted to support the growth of the global seasoning market. During the forecast period, a high demand for seasoning, particularly organic seasoning, will drive the market size. Additionally, the demand for new flavours and textures combined with the rising consumption of ethnic food across the globe will expand the Seasoning market. The market is also being driven by the rising popularity of ready-to-eat food items. The global seasonings market will also be fueled by the rising multicultural population as well as public concern over dangerous additives. During the anticipated time frame, the market’s growth will be driven by stringent governmental regulations and food safety laws.The food processing industry’s quick product innovations will expand the market. In addition to this, the therapeutic advantages increase the use of seasoning in many food products and also boost the online visibility of food retail stores. The global seasoning market, however, is likely to face challenges due to fluctuating raw material prices and a population that prefers traditional spices.
Market Segment Dominance:
- Pepper is estimated to dominate the global Seasoning market during the forecast period
During the forecasted period, Pepper is anticipated to dominate the market. Because of the rising demand for food preservatives with antibacterial properties and nutrient-rich sources, the pepper category has dominated the global seasoning market. Additionally, the high demand for peppers brought on by their high vitamin C, vitamin K, iron, manganese, and dietary fibre content as well as their ability to protect against cancer, cardiovascular disease, and liver issues will further expand the market. The increasing demand for pepper in many restaurants and food service establishments will increase demand for it globally.
- Savory snacks category exhibits the majority of the growth in the market
Global Seasoning market growth is anticipated to be supported by rising demand for savoury snack consumption due to changes in eating habits and lifestyles. Additionally, the high demand for savoury snacks with uncommon flavours that use flavour enhancers or additives will provide a positive outlook for market growth. Additionally, the growing appeal of foods like popcorn, potato chips, pretzels, extruded snacks, nuts, and seeds, as well as meat snacks among both children and adults, is expanding the market for seasoning around the world.
Regional Dominance:
- Asia Pacific is projected to hold the majority of the market share
Due to the rising demand for convenience foods and drinks around the world, the Asia Pacific region currently holds a monopoly on the global seasoning market. The market for seasonings in this region will also grow quickly due to the expanding production base and changing eating habits among people as a result of their preference for western cuisine. The demand for better seasoning to improve the taste of food will probably continue to drive market expansion.
Key Market Participants:
Ajinomoto Co., McCormick & Company, Inc., Kraft Foods, Nestle, Olam International, Associated British Foods plc, MDH Spices, Corbion, Symega Food Ingredients Limited, DS Group, Everest Spices, Unilever Group, and Ariake Japan Company are a few of the major companies in the world’s seasoning market.
This report segments the global Seasoningmarket as follows:
Global Seasoning Market: Type Segmentation Analysis
- Oregano
- Pepper
- Paprika
- Ginger
- Cinnamon
- Cumin
- Turmeric
- Garlic
- Cardamom
- Coriander
- Cloves
- Others
Global Seasoning Market: Application Segmentation Analysis
- Bakery & Confectionery
- Beverages
- Frozen Foods
- Savory Snacks
- Meat & Poultry
Global Seasoning Market: Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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