Spices & Seasonings Market
Factors driving market expansion include the rising popularity of convenience foods, the growing number of vegetarians and vegans, and the increasing demand for spicy food products.n
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What Are the Long-Term Projections for the Spices & Seasonings Market to $30.35 Billion by 2031?
Spices & SeasoningsMarket2024-2031 According to Meticulous Research , the spices & seasonings market is projected to reach $30.35 billion by 2031, growing at a CAGR of 5.3% from 2024 to 2031. The growth is primarily driven by the increasing demand for convenience foods, a rise in vegetarianism and veganism, and a growing preference for spicy food products. Nevertheless, the market's growth may be restrained by the rise in counterfeit spice products. Request for Sample Report:https://www.meticulousresearch.com/request-sample- report/cp_id=5937? Growth opportunities are arising from the heightened focus on health and wellness and a growing demand for organic spices & seasonings. Furthermore, the trend toward ethnic and exotic flavors is prominent. Leading players in the market include McCormick & Company, Inc., Kerry Group plc, and D hler Group. Market Segmentation: Product Type: The market is segmented into spices, herbs, and salt & salt substitutes. Spices are expected to hold the largest market share in 2024 due to their health benefits and demand for varied flavors in processed foods. Category: The market includes conventional and organic spices. The organic segment is projected to grow at a higher CAGR, driven by increasing health consciousness and preference for organic products. Form: Segmented into whole, crushed, and powder. Powdered spices are set to dominate due to their convenience and adaptability in various dishes. Distribution Channel: The market is divided into food service and retail. The retail segment is anticipated to grow faster, supported by the expansion of e- commerce and online grocery platforms. Geography: The market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Europe is expected to grow the fastest due to increased demand for exotic and organic products. Quick Buy: https://www.meticulousresearch.com/Checkout/83943249? About Meticulous Research Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium Page 1 of 3 Meticulous Research| sales@meticulousresearch.com
Spices & SeasoningsMarket2024-2031 market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 2 of 3 Meticulous Research| sales@meticulousresearch.com
