Rising Awareness of Health Benefits of Seasonings and Spices Propels Global Market

Transparency Market

Research

Seasonings and Spices Market - Global Industry Analysis, Size, Share,

Growth, Trends and Forecast, 2013 - 2019

Published Date

21-03-2014

116 Page Report

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Asia Pacific to Continue as the Leading Consumer of the Global

Seasonings and Spices Market - Market Share to Rise to 69% by 2019

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Seasonings and Spices Market

REPORT DESCRIPTION

Seasonings and spices are crucial ingredients of any preparation, since they determine the flavor of the

recipe. Seasonings and spices also define a cuisine, as all major cuisines have their own arsenal of major

seasonings and spices, which impart the respective cuisine its distinct taste profile. The global market for

seasonings and spices has, in fact, played a key role in human history, as the lack of favorable

environmental conditions in Europe led to several European nations establishing outposts in Asia and

certain spices becoming, at one point, equal in value to gold and precious stones. In the modern world, the

balance seems to have reversed, with the growing popularity of Western European cuisines in Southeast

Asia expected to be a major driver propelling the global seasonings and spices in the coming years.

The global market for seasonings and spices was worth US$12.7 bn in 2012. Exhibiting a 4.80% CAGR from

2013 to 2019, the global seasonings and spices market is expected to rise to a net valuation of US$16.6 bn

by 2019. The market has sustained itself in recent years despite the economic troubles around the world,

due to the crucial place spices and condiments hold in any cuisine. Due to the growing demand for diverse

cuisines around the world, the global seasonings and spices market is expected to witness a steady growth

in demand.

Asia...