Seasonings and Spices Market Is Expected to Reach Us$16.6 Bn by 2019, Expanding at a Cagr of 4.8% Between 2013 & 2019

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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Substantial Shift in Eating Habits to Boost Sales of Seasonings and

Spices, Reports TMR

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Seasonings and Spices Market

REPORT DESCRIPTION

Globalization and changing demographics have been the key drivers of the global seasonings and spices

market. The rising globalization has attracted consumers from around the world towards ethnic cuisines.

While this considerably fuelled the use of ethnic seasonings and spices in western food it also construes

the robust expansion of the market worldwide. For instance, despite its smaller size compared to the other

countries in Europe, the U.K. accounts for approximately 30% of the annual turmeric imports in the

European Union, connoting the popularity of Indian cuisines in the country.

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Furthermore, Indian and Chinese cuisines hold top slots in the takeaway food category of the U.K.,

surpassing other European foods, including Italian. According to Transparency Market Research (TMR), a

curry restaurant in the U.K. serves over 2.5 million customers weekly, of whom majority are from the U.K.

As per TMR, the global seasonings and spices market is poised to expand at a CAGR of 4.8% between 2013

and 2019, to reach US$16.6 bn by the end of 2019. The market was valued at US$12.7 bn in 2012.

Q: How does the fragmented nature of the global seasonings and spices market effect its

trajectory?

A: With the top six companies holding a meager 15% share in the market in 2012, the...