- The major vendors in the Global Spices and Seasonings Market 2014-2018 are Ajinomoto Co., Inc., Kraft Foods Group Inc., McCormick & Co., Inc. and Nestlé SA.
London, 23 September 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Spices and Seasonings Market 2014-2018. One key trend emerging in the market is the growing popularity of ready-to-use spice mixes. Spice mixes are increasingly becoming popular among consumers as they save time and effort and provide consistency in terms of taste. The Global Spices and Seasonings market is expected to grow at a moderate CAGR of 4.93 percent during the forecast period of 2013-2018.
Use of varied spices is not only limited to Asia but is now gaining popularity worldwide. With increased demand for ethnic foods, the interest in different spices is also increasing. Rather than using artificial additives, consumers are seeking to use naturally originating spices in food preparation. Various spices and herbs are also gaining importance because of their health benefits. Hence, the demand for spices and herbs is increasing among consumers and food manufacturers.
“Consumers worldwide are realizing the importance of good health and the benefits of organic spices,” says Faisal Ghaus, Vice President of TechNavio Research.
“Consumers perceive organic spices to be safer and healthier; however, these are much higher in price compared to normal spices and herbs.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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